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Featured Financial Literacy Program: Opening Doors MoneyWork$ and Bank On Sacramento in English and Spanish

Featured Financial Literacy Program to Highlight California Financial Literacy Month (April 2013)

The CAFLM Blog will feature financial literacy programs in March and April to highlight California Financial Literacy Month, April 2013. To feature your financial literacy program, see the CAFLM Blog post dated February 20, 2013.

Today we are highlighting…

Opening Doors logo

Opening Doors in Sacramento

Programs: Bank on Sacramento and MoneyWork$

Contact: Roxana Calderon (Spanish) and Nele Asche (English)

Price: See descriptions

Audience: Adults and families, low-middle income

Website: www.openingdoorsinc.org

Phone: 916-492-2591

Bank on Sacramento logo

Bank on Sacramento Financial Seminars

Opening Doors is a member of the Bank on Sacramento coalition, and facilitates Spanish language financial seminars in close partnership with Bank on Sacramento.  These free seminars offer an introductory discussion on a number of topics, including the difference between a bank and a credit union, money management and budgeting, checking accounts, savings and interest, and credit.

The goal of these seminars is to provide Spanish-speaking members of our community who are often immigrants the opportunity to learn about the US financial system in an environment that is culturally familiar to them. Participants are encouraged to ask questions about finances that interest them, and to connect with local bank institutions for the Spanish-speaking community.

Attending a seminar is free and requires only a one-time commitment, so while participants must register to attend, there is no long-term obligation to the program. Seminars are offered once a month at Trinity Lutheran Church in Sacramento.

Time: 5:30 to 7:30 P.M.

Location: Trinity Lutheran Church

1500 27th St. Sacramento, CA 95816

Dates: Contact Opening Doors for specific dates for 2013

MoneyWork$ logo

MoneyWork$

For participants who are looking for more in-depth financial education and long-term financial success, they can attend Opening Doors’ MoneyWork$ program where they receive comprehensive trainings on a range of money management subjects. The MoneyWork$ program provides participants with tools and support for tracking expenses, budgeting, understanding credit reports, examining and changing financial habits, and reaching financial goals.  It is offered in English and Spanish.

MoneyWork$ is an intensive 6-month program for those who are ready to take charge of their personal finances.  It requires commitment, but the rewards can be great.  Families and individuals gain a greater understanding of their current financial situation, develop a personal roadmap to self-sufficiency, and improve their financial management practices. The program increases participants’ understanding of the US financial system and ultimately aims at helping them establish positive financial habits.

Please take a look at one of our success stories that was featured last year on Channel13’s show “Call Kurtis” http://sacramento.cbslocal.com/2012/09/20/call-kurtis-get-paid-to-take-a-financial-makeover-class/.

The program includes workshops conducted by financial experts from financial institutions and nonprofit organizations; a financial coach who helps participants identify and reach their personal financial goals, and create and keep a household budget; and a support group that helps participants stay on track.

And there’s more.  When participants have successfully completed the six-month program, participants receive a graduation certificate and a completion award—a deposit of $100 for individuals and $150 for a couple into their savings account.

The next English-speaking MoneyWork$ cohorts starts on April 1st. The Spanish-speaking cohort starts on April 15th. To find out if you qualify to participate, please contact:

English:

Nele Asche

Phone: 916-492-2592 ext. 209

Email: nele@openingdoorsinc.org

Spanish:

Roxana Calderon

Phone: 916-492-2591 ext. 201

Email: roxana@openingdoorsinc.org

Alana Golden for CAFLM

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