In partnership with the Chalmers Center, the publishers of the popular book When Helping Hurts, we are seeking to help the impoverished in our communities in a very practical way. Many of the materially poor do not know the important principles of managing money and saving for the future. Therefore, we are developing a program of financial literacy education that integrates the Gospel with essential training to lead all participants into a closer relationship with Jesus. The Chalmers Center provides a curriculum, called Faith & Finances, that powerfully teaches these principles.
The second step is to practically offer assistance to the graduates of the financial literacy program. In partnership with various community organizations and a bank, we are offering Individual Development Accounts to graduates of Faith & Finances. These government-sanctioned accounts are designed to help the poor save for a future goal. With every dollar they deposit into their bank account, they will earn matching funds. This money can then be used directly for goals like education and buying a home.
The Spanish class, called “Fe y Finanzas”, launched in the fall of 2013.