Episode 19: Financial Empowerment

http://brightside.cedam.info/episodes/episode-19/

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It’s your money – keep it! This episode teaches you what you can do and where you can go to make sure you are in control of the money you earn.
pdfEpisode Transcript


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1-financialintroEmpowerment Intro

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Money, credit scores, loans, debt, fees, credit cards, taxes: learn where you can go to understand these and make your money worth more.

2-SMTMDShow Me The Money Day

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Every year in many places across Michigan, people can come to Show Me the Money Day and win prizes, get help with finances, learn about buying a home or repairing a home, learn how to improve credit scores, and more.


3-FECFinancial Empowerment Centers, Lansing, Oakland County, Grand Haven, Taylor

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Do you have a goal like getting out of debt, raising your credit score, buying a home, saving money, setting a budget, or going to college? Trained Financial Empowerment Center counselors will help you meet your goal for free.

There are four locations in Michigan: LansingOakland CountyGrand Haven and Taylor.


4-citizensCitizens Helping Citizens

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Citizens Helping Citizens Manage Money is an initiative at Citizens Bank to help people manage their money. You can use the financial calculators and budgeting tools here.


5-VITAVITA Free Tax Prep

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You can get your taxes prepared for free by an IRS certified volunteer at a VITA site. Find a site near you. This video talks about how you can volunteer at a site too!


6-paydayPayday Loan Alternatives

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Payday lenders charge you really high fees and try to get you stuck in debt so they make more money off of you. You can get a safe loan instead at places like the ones in this video!

For help if you have a payday loan, policy information for legislators, and technical details for banks and credit unions: http://cedam.info/PayDay


7-csaChildren’s Education Savings Accounts

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Every kid will get a savings account with $50 or more in it that will earn interest and be available for them, family and friends to deposit into. After high school graduation the child can use the money for higher education.
Lansing and Barry County are the two areas in Michigan where this is happening. If you want to learn how to start education savings in your area, contact MCFE.

8-endFinancial Finale

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Empowering people to understand how their money works is the key to rising out of poverty.

Updated on June 9, 2015.