Partnership with California Department of Financial Protection & Innovation’s CalMoneySmart Program

Peninsula Family Service announces partnership with California Department of Financial Protection & Innovation’s CalMoneySmart Program

SAN MATEO, Calif. – Peninsula Family Services announces a new partnership and grant award from the State of California’s Department of Financial Protection and Innovation’s CalMoneySmart Program to expand the reach of our Financial Empowerment’s Financial Education program. The partnership is working to reach individuals and families who can benefit from critical information about budgeting, the responsible use of credit, and saving options that are especially important during this challenging time of COVID-19.  This work is designed to permanently break the cycles of debt and vulnerability.

Our Financial Education program brings online financial workshops in Spanish and English covering budgeting, money management, and the reasons and ways to utilize credit to a variety of people including residents of San Benito, San Mateo, Santa Clara, and Santa Cruz Counties. Participants can meet one-on-one (virtually) with a member of our Financial Empowerment team to review their current financial situation as well as goals for the future.

Anna M. Caballero, State Senator 12th District says “I would like to congratulate Peninsula Family Service on their recent grant award and am excited that it will be put to use in San Benito County. Financial literacy is the key to a healthy and stable future. It can lead to home ownership and other wise decision making strategies that can seem overwhelming or even unattainable. I look forward to a successful program and encourage members of the community to utilize the service.”

Rob Lajoie, Vice President, Financial Empowerment at Peninsula Family Service notes, “Our financial workshops provide participants with information on how to build and repair their credit scores, as well as what lenders are looking for when reviewing their credit applications. Together with reviewing money management basics, they are then better prepared to improve their finances and purchase assets (vehicle, home) with better credit terms over the long run.”

 

To learn more, email tmyers@peninsulafamilyservice.org or visit www.peninsulafamilyservice.org/financial-empowerment

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