By: Kevin Thomas, Building Wealth and Health Network Financial Empowerment Coach
It happens to everyone. You wanted to change the financial behaviors holding you back, so you worked to improve those habits. You started to build your savings. Then out of nowhere, life happens. Someone hits your parked car or your kids need something for school, and they told you last minute. Life throws you something that is within your control, but out of your budget.
Lucky for you, you learned how to save, so you have the money in your savings account to cover whatever happened.
By Alie Huxta, The Building Wealth & Health Network SELF Empowerment Coach
The United States provides many social supports such as corporate subsidies, housing loans, and student loans. These supports are meant to support businesses, help families buy their first home, and ensure kids can go to college. Unfortunately, programs that help families in poverty, people working to make ends meet, often place a negative and often racist stigma on the recipients. That stigma equates one’s image to social and financial failure despite seeking help like the businesses, homeowners, and education seekers.
By: Kevin Thomas, The Building Wealth & Health Network Financial Empowerment Coach
Changing your perspective on money is one of the hardest things to do when trying to become financially secure. Money is woven into most of our decisions so it affects the way we think, even when we aren’t spending. I mention in class that I was someone who always paid my bills on the due date and not a moment before. I was also always aware of what grace period I had available.
By Amanda Hallock, Building Wealth and Health Network Project Assistant
The Building Wealth and Health Network really hopes to build a network that helps members continue to support each other even after the last class. The goal of building a network is to develop social capital.
Social capital, for The Network, is building supportive relationships among people receiving public assistance so they can support and help each other.