Financial Literacy Education Program: Building Financial Independence for a Better Future

Financial stability is a key component of successful reintegration into society. Without a solid understanding of personal finance, many formerly incarcerated individuals struggle to manage their money, leading to a cycle of debt, instability, and even recidivism. The Financial Literacy Education Program at Release One Teach One is designed to empower participants with the knowledge and tools they need to take control of their financial futures.

Why Financial Literacy Matters

Financial literacy is a crucial life skill, and for individuals reentering society, it can be the difference between success and failure. Without a solid understanding of how to manage money, many individuals fall into debt, make poor financial choices, and struggle to achieve stability. The Financial Literacy Education Program equips participants with the tools to make informed financial decisions, build credit, and achieve economic independence.

Program Initiatives

1. Budgeting and Money Management Workshops

  • Participants learn the fundamentals of budgeting, including how to track expenses, manage income, and prioritize spending. Our workshops cover practical money management skills that help individuals live within their means and save for future goals.

2. Saving and Investing Education 

  • We provide basic education on the importance of saving and introduce participants to the world of investing. Participants learn how to build an emergency fund, save for long-term goals, and make their money work for them through low-risk investment strategies.

3. Debt Management and Credit Repair  

  • For those dealing with debt, our program offers strategies for paying down loans, avoiding high-interest traps, and managing financial obligations. We also guide participants through the process of repairing their credit, providing step-by-step assistance with credit reports and disputes.

4. Banking and Financial Tools 

  • Many formerly incarcerated individuals have limited experience with banking. We offer workshops that cover the basics of opening a bank account, understanding checking and savings accounts, and utilizing online banking tools. We help participants gain confidence in using financial services to manage their money securely.

5. Understanding Taxes

  • Taxes can be overwhelming, especially for those unfamiliar with the process. We provide simplified tax education, helping participants understand income taxes, deductions, and how to file their tax returns accurately. This ensures they remain compliant with tax laws and avoid costly mistakes.

6. Long-Term Financial Planning  

  • Our program includes guidance on how to set and achieve long-term financial goals, whether it’s saving for a home, education, or retirement. Participants learn how to create and follow a financial plan that will set them up for future success.

Get Involved

You can help others take control of their financial futures by supporting the Financial Literacy Education Program. Whether you want to volunteer, donate, or offer financial expertise, your contribution will make a difference

Volunteer

Make A Difference

Your support matters. Help us extend our reach and provide essential care to individuals in need of our assistance by donating to Release One Teach One. Together, let’s create a more compassionate and supportive community for everyone.

Donate