NONPROFIT MARYLAND CASH (CREATING ASSETS, SAVINGS & HOPE) CAMPAIGN LAUNCHES “MY BUDGET COACH”
The nonprofit Maryland CASH, (Creating Assets, Savings and Hope) Campaign is bringing MyBudgetCoach™, a new FREE online financial coaching program, to Maryland as part of a national evaluation study through Solutions for Progress and Center for Financial Security at the University of Wisconsin-Madison. The MyBudgetCoach™ program helps low-to-moderate income working families and individuals improve their ability to budget, set and achieve goals, and make well-informed financial decisions. Potential members must apply to the program by the June 30, 2014 deadline. To apply to become a MyBudgetCoach ™ member, contact Sue Rogan, Maryland CASH Campaign’s Director of Financial Education, at email@example.com.
New Free Online Financial Coaching Program Comes to Maryland –
Potential Members need to sign up before June 30
“Would you like help to create and maintain a budget? We are currently seeking participants who would like to become members of this incredible free program. Just contact us by June 30th,” comments Sue Rogan, Director of Financial Education, Maryland CASH Campaign. “There is no cost for this program but members must be motivated to reach their goals, have access to a computer and basic computer skills, and have an email address.”
How does MyBudgetCoach™ work?
• The MyBudgetCoach™ program matches a trained budget coach with a member.
• Online meetings occur once a month for 12 monthly sessions, with each session covering budgeting techniques, financial management and goal attainment strategies.
• The program’s online tools allow the member to track expenses in real-time, keep track of their budget, track progress towards achieving important financial goals and communicate with their coach and program staff members.
• The coach tracks the member’s progress in real-time and encourages members to stay on-task and on-track in-between sessions.
Why is budgeting important? Understanding the importance of budgeting is generally recognized as the first step in successful financial planning. Despite having the third lowest rate of income poverty in the nation, the average Maryland borrower carries $12,651 in credit card debt (ranked 45th in the nation) and 4.31% of borrowers are 90 days or more overdue on debt payments (ranked 42nd), a sign of severe financial distress.** MyBudgetCoach™ hopes to assist working families and individuals improve their ability to budget and make well-informed financial decisions.
**Source: Corporation for Enterprise Development (CFED) 2014 Assets & Opportunity Scorecard for Maryland
About the Maryland CASH Campaign: The Maryland CASH (Creating Assets, Savings & Hope) Campaign is a statewide network of organizations that promotes programs, products and policies that increase the financial security of low-to moderate-income individuals and families across Maryland. Maryland CASH advocates on behalf of these families, as well as provides financial education programs such as the Maryland CASH Academy. http://www.mdcashacademy.org/. Their partner organizations provide free tax preparation sites offering access to appropriate financial services and benefits screening. For more information, contact Ms. Robin McKinney, Director of the Maryland CASH Campaign, at firstname.lastname@example.org or 443-692-9422. www.mdcash.org.
Check out the MyBudgetCoach program's new One Sheet: MyBudget Coach One Sheet
MD CASH thanks its partners who are providing this program:
BeEmpowered Community Services
Belair-Edison Neighborhoods, Inc
Comprehensive Housing Assistance, Inc. (CHAI)
City of Frederick Housing Authority
Consumer Credit Counseling Services of MD & DE
Housing Initiatives Partnership
Interfaith Housing Alliance