TERRE HAUTE, Ind. (WTWO/WAWV) — The United Way of the Wabash Valley has announced a new grant opportunity with the goal of helping people improve their financial management skills.
It’s called the Financial Skills at Work grant and was developed by the United Way’s Financial Management Impact Council. The Council promotes financial coaching and income management throughout their six-county service area. Improving financial management skills is an important step in breaking the cycle of poverty and achieving the bold goal of moving 10,000 families out of poverty and into stability.
The group is looking for businesses in the area to partner with in order to provide financial literacy training to their employees. The training is called ‘Financial Skills at Work.’ Applying organizations will work with an employer partner or partners to deliver convenient and incentivized financial literacy training to their employees.
The goal of the program is to expand all participants’ ability to understand and properly apply financial management skills such as family budgeting skills, encouraging ongoing savings to assist with emergency situations and retirement savings, as well as reduce the need to seek high-cost borrowing alternatives (credit cards & ‘pay-day’ loans) for unforeseen needs.
$100,000 is available in grant funding. Organizations interested in applying must submit a ‘Letter of Intent’ package by April 4 and are required to attend an informational meeting on March 25.
More information regarding the program and how to apply can be found here.