Financial empowerment is possessing the knowledge and ability to make choices and take desired actions that improve one’s financial wellbeing.
Financial coaching is a series of one-on-one meetings or check-ins between a client and a coach. The goal is to help that client set and achieve their financial goals. Coaching focuses on building the client’s financial skills to promote long-term economic well-being.
Yes, the staff at the Center for Working Families can help you:
prepare a resume
practice interviewing skills, and
assist with written and online job applications.
We also offer virtual workshops that assist with the job search process. The final results depend on you but we are happy to help!
We can’t decide what the best checking account is for your needs but here are some things to consider:
To open a bank account, you will generally need to provide identification and a Social Security number or an Individual Taxpayer Identification Number (ITIN).
There are two types of accounts you can open:
Checking accounts allow for easy access to your money to pay bills and make purchases. Many banks charge a monthly fee for a checking account. When opening a checking account, make sure to compare banks and ask about fees. It may be possible to negotiate for lower fees, particularly if you are employed and can sign up for direct deposit of your pay check. Be sure to inquire about the locations of ATMs to determine if they are near your home or work.
Savings accounts allow you to save your money and earn interest. Again, be sure to compare interest rates, fees, and rules regarding minimum balances at different banking institutions.
The Massachusetts Attorney General’s Debt Collection Regulations prohibit many unfair debt collection practices by creditors. Regulations of the Massachusetts Division of Banks prohibit unfair debt collection practices by debt collection agencies. Visit the Attorney General’s website for more information.
There are a number of helpful resources you should consult before declaring bankruptcy. Bankruptcy will affect your future credit and your reputation. Consider various pros and cons before you decide if bankruptcy is the best option for you.
We cannot recommend a lawyer. But, the Massachusetts Attorney General’s Office provides contact information for organizations that provide legal referrals and free legal services for qualifying low-income individuals.
Your trained volunteer tax preparer will be able to file your taxes on your behalf.
Please visit the Boston Tax Help Coalition’s Volunteer Positions page to learn more and sign up.
Depending on staff availability, we are happy to provide workshops for Boston-based organizations or long-term partners. Alternatively, individuals can register for one of our workshops. Please email RCFE@boston.gov or call 617-541-2670 for more information.