Financial Education Community Center

Contact: feccinfo@sidewalkuniversity.org, Web: SidewalkUniversity.org

Mission:

The Mission of the Financial Education Community Center is to teach money management skills to families.

Vision:

By providing information, tools and other resources, the Financial Education Community Center equips families with the necessary skills to increase credit worthiness, reduce barriers to housing, budget for a brighter future, and improve their economic condition.

Purpose:

The Financial Education Community Center is a Sidewalk University Program that addresses the financial illiteracy issues of low and moderate-income families. Sidewalk University mobilizes volunteers to provide financial education through workshops, one-on-one coaching, and various services.

Partners:

Collaborative Partners

  • Passaic City
  • Passaic County Community College

Corporate Partners

  • Morgan Stanley
  • United Parcel Service
  • New York Life

Workshops:

Money Management – Comprehensive guide to personal money management.  Topics include ‘Creating a personal budget and savings plan’, ‘Saving money’, ‘Dealing with past and future credit.’ 

Establishing a Checking Account – Designed for participants that don’t currently have an account with a financial institution or previously had a problem with an account. 

 

Retirement Planning – Discover how to reduce your taxes, manage investment risks and protect your assets from potential long-term health care expenses.  You’ll learn how to assess your financial situation and develop a personalized plan to achieve your retirement goals.

 

Wills and Other Important Documents: What You Need To Know – Get your will and other legal documents in order.  Everyone over age 18 should consider estate planning!  Learn the key elements of estate planning, and receive resources to enable you to create a personalized plan.

 

One-On-One Consultations – Meet with one of our financial educators to assess your personal financial situation and set goals for the future.  Sessions cover basic money management issues. 

Financial Coach – Financial Coaches work one-on-one with residents and community members, empowering them to achieve financial stability and long-term success. Coaches provide clients with the tools to create household budgets, save money over time, reduce debt and improve credit scores.

Homebuyer Class – Buying a home can be overwhelming.  We help families navigate the process and ensure they have all the tools needed to make financially sound decisions.  Our homebuyer education classes teach residents and community members how to purchase a home they can afford to live in and love for years to come.

Taxes Preparation Assistance – Low income residents learn how to prepare their taxes.

Funding For College – We help students with the financial aid process to fulfill their academic potential.