Bank On programs are locally-led coalitions of government agencies, financial institutions and community organizations focused on helping improve the financial futures of unbanked and underbanked individuals and families. The Hampton Roads/Virginia Beach region has been offering this program since 2012 and PSG’s very own Donald Hannahs, Partner, has been volunteering with the participants since the inception. Bank On is a 10 month program in which participants are encouraged to take the financial challenge to:
• Increase Income
• Grow Savings
• Reduce Debt
• Build Credit Scores
• Protect Assets
Participants attend one class per month and meet with a personal financial coach once per month. Strategies for overcoming living paycheck to paycheck, for reducing debt and growing savings are shared with the participants. Participants develop a financial plan centered on their goals and dreams.
To see if there is a Bank On program in your area: http://joinbankon.org/programs/