Los Angeles County
Financial education and empowerment are essential services for the whole family. Financial Capability services include financial education through workshops or one-on-one coaching and access to low cost financial products.
A financial coach helps their clients with the basics of money management. They work with clients who may have a bad relationship with money or who have other obstacles keeping them from managing their finances well. Their goal is to help their clients develop healthy money habits that will last. Financial coaches educate their clients on the basics of personal finance and work with them to create a financial plan that reflects their goals. They also empower their clients to take responsibility for their decisions and provide accountability as their clients work to implement the lessons they learn.
MAOF provides general financial education through workshops that introduce clients to the financial mainstream. Below are examples of workshop topics.
Budgeting & Savings
Establishing & Building Credit
Understanding a Credit Report & Score
The Do's & Don'ts of Credit Card Usage
Identity Theft Protection
Consumers’ Rights & Protection
MAOF has partnered with Esusu to support individuals with high interest short term debt to help turn their finances around. This program can help with:
Payoff High Interest Loans
Increase Your Saving
Access to Savings Match Funds
Build Your Credit