BankOn is gearing back up in the Hampton Roads area for another year of assisting participants become financially prepared. BankOn is a free, 10 month program designed for the underbanked or unbanked population. These are people who may have a bank account but are overdrawing their accounts, using payday lenders or title loans or who do not use traditional banking services.
Planning Solutions Group’s Founding Partner, Don Hannahs has been volunteering with BankOn for several years and has found the experience rewarding. Volunteers coach participants on topics from, what to do if you don’t have enough money to pay bills on time, to how to create and stick to a budget. The program encourages participants to consider and plan for savings needs, such as annual taxes, big ticket needs and ultimately retirement. Identity theft and estate planning are also part of the discussion.
More information about the program is available online at bankonhr.org.