Financial Stability
Building Generations offers the tools and strategies that help youth, families and seniors utilize their income to its maximum potential to meet daily expenses in addition to beginning the long-term processes of saving and asset building. Though saving is important for all individuals and families, it is especially critical for low to moderate-income families, who often have difficulty setting money aside, establishing or rebuilding credit and have a harder time remaining financially stable during changes in income due to illness, job loss or other unforeseen events. As people establish credit and develop relationships with financial institutions, build savings and reduce debt, they find themselves in a better position to make choices about their financial well-being. These choices may include purchases such as a house or a vehicle, saving for retirement or college, or even the creation of a small business. Building Generations, its partner agencies and business partners provide training and offer strategies for individuals and families to achieve their asset goals and once they have done so, continue working with them to keep them on their road to financial independence.