Financial Coaching

PROGRAMS

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Financial Coaching

Financial coaching helps participants manage income, reduce debt, review credit, and plan for a more successful economic future.

Services

We offer one-on-one financial coaching and financial capability workshops. Our financial capabilities curriculum covers many important topics, including:

  • Mastering money management
  • Debt reduction
  • Banking basics
  • Insurance
  • Developing a spending plan
  • Improving credit ratios and savings
  • Consumer protection
  • Fair Housing and Fair Lending

Financial capability is provided through our Center for Working Families, by our Financial Coach, Grace Meyer, a MSHDA-certified financial coach. We can advise you on how to keep your homes when facing a crisis, through counseling, debt restructuring and loss mitigation alternatives.

Experts strongly recommend financial coaching, especially for new homeowners, because of its proven success in helping families manage and protect their homes.

Eligibility

To participate in financial capability and work with our financial coach, you must be participating in one or more of the other programs offered by Southwest Economic Solutions, which includes pre-purchase counseling, HVRP, Earn + Learn, PATH, adult literacy, and ProsperUS.

RESULTS

We provided financial counseling to 262 individuals in 2014

54 improved their net income; 78 improved their net worth; 73 improved their credit scores

Our Center for Working Families (CWF) site is a national model in achieving successful outcomes. In 2014, 415 CWF clients (84% all CWF clients) received at least two CWF services; 56 individuals were placed into employment.

CONTACT:

To learn more about Financial Coaching, contact Southwest Economic Solutions at 313.841.9641 or email Grace. Southwest Economic Solutions is located at the Welcome Center at 2835 Bagley, Suite 800, Detroit, MI  48216.

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