Time now for dollars and cents
where I answer your important my
questions in tonight's special report.
We're talking about managing your savings,
your debt, and your bills.
It can't be frustrating and overwhelming,
but there are people who want
to help you figure it all out.
In fact, more than 1000 people
in Sacramento received free
one-on-one financial coaching.
Tonight.
I walk you through that programd
find out how it can help you strengthen
your long term financial health.
And one of the things that we ss
that the financial burdens spill over
to everything else in their lif.
So they have a hard time
getting a better job.
They have a hard time finding
a better place to live.
They're often suffering from
depression because of the finanl
obligations that they're facing.
That's why the Sacramento Finanl
Empowerment Center offers free
one-on-one financial coaching
for adults living in Sacramento.
Their services are personalizedo
your specific needs and interes,
and the program has no income restrictions.
Coaches work with people who wat
to establish or improve credit,
reduce debt and build savings.
And connect with safe and
affordable banking services.
Any community program that gives
people the ability to get a little bit
of a better handle on their fins
really helps them in so many wa.
Professionally and personally,
According to the center,
clients on average do four sesss
and have increased their savings
by more than $2000 and reduce
their debt by more than $2500.
At least 129 clients have incred
their scores most by 35 or more points.
Even small business owners have
challenges with financial issue,
and once they get a handle on t,
they can treat their employees better.
They can make a better product.
Just so many things that come ot
of feeling financially secure.
According to the Center,
most clients are women.
The clients on average make abot
$34,000 a year and most work fulltime.
I've been really amazed at.
The diversity of people who participate.
So it may be someone who's a sie
father or single mother who's ha
hard time financially for a whi.
I've had college kids take advantage of
this program to try to figure out how
to pay off their student loans, right?
Or how they're going to save
money to buy their first house.
Coaching is available directly in English,
and interpretation for some
languages is available upon req.
Most coaching is conducted by
phone or video chat at this time
Can be intimidating for people o
open up their lives to a strangr
or to our government agency rigt
to have someone looking at.
What you're doing and how
you're spending your money.
Keep in mind this free program s
popular and the team tells me they just
received a surge in appointment requests,
so don't be discouraged if you t
immediately make an appointment.
The team will get back to you and I just
encourage anyone who feels likey
need a little bit of help in this area.
To take advantage of this progr,
it really does empower people to feel
better about themselves and to e
able to provide more for the pee
they care about because they'vet
that level of competency and security
when it comes to their finances.
And you don't have to wait.
You can get free help online right now.
The Sacramento Financial Empowet
Center host free webinars.
Recently they talked about studt
loans and the middle class tax refund.
You can watch those videos right now.
We have a link on our website
abc10.com and we'll keep you
updated on when they have upcomg
webinars that you can join live.
I'll also be talking more with the Center
for dollars and cents in the next few weeks.
So be sure to stay tuned for th.
I love that it's free, huh.
With inflation,
we certainly need that these da.
And the cool thing is,
this isn't the only program
that offers the free
financial coaching, right?
Yeah, Chris, you are absolutely right.
They we are they we are told rar
that the Sacramento Financial
Empowerment Center also has recd
some funding from Chase Bank.
So that's really cool.
In the last couple of years
they do group workshops.
And finances with various commuy
organizations and then sometimes
refer people to the financial
empowerment Center for follow u.
One on ones Safe Credit Union also does
some similar group community sessions.
So there really are people out there who
want to help you succeed financy
and again it is all free for yo.
Got to check it out.