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Financial Education
As part of its Family Economic Success (FES) strategy, New Life Corporation understands the importance of teaching individuals and families how to better manage and spend their hard-earned income. New Life offers financial education classes using the Federal Deposit Insurance Corporation’s (FDIC) finance curriculum in which they receive instruction on issues such as:
  • Household budgeting
  • Managing checking and savings accounts
  • Credit card and mortgage interest rates
  • Identity theft and Credit Repair counseling
  • Predatory lending and recognizing financial scams
  • What are Individual Development Accounts (referred)
  • First-time home purchase: “what should I understand?”
  • Earned Income Tax Credit (EITC) outreach to maximize local participation rates among community residents

Additionally, in 2009 New Life Corporation, the Connecticut Association for Human Services and three other partners established the Connecticut Money School www.ctmoney.org, a statewide financial education program for low-income and senior residents in Connecticut with the goal of expanding our local financial education work in our given cities to a statewide coordinated program. We work with local banking and financial institutions in recruiting qualified instructors who are willing to teach one - two hour classes on a pro-bono basis. Residents are able to register on-line, at our office or by calling 211 to participate in classes at no cost.

copyright © 2009 New Life Corporation