Program Strategy

The United Way Financial Stability Partnership© of Alabama builds upon three strategies to help individuals obtain knowledge, income and assets to achieve financial stability.

tri_red Learn:

Financial Management Information and Skills
The more individuals and families know about credit and banking services, the more likely they are to save, gain assets, and improve their financial health and wellbeing. Financial education provides information and skills that enable individuals and families to:

  • manage financial resources wisely
  • create transactional relationships with financial institutions
  • make informed decisions regarding personal finances
  • receive HUD-certified Housing Counseling

Financial Stability Partnership© of Alabama – financial management skills

  • raises awareness of financial education resources
  • provides technical assistance to financial educators
  • develops strategies to increase quality and accessibility of financial education
  • promotes financial products and services

tri_blue Earn:

Maximize Earnings with Benefits and Services
While facing unprecedented financial challenges individuals and families can benefit by taking advantage of tools to maximize income and accessing benefits. Tools to help individuals maximize income include:

  • Budgeting, credit and debt management services to help align income with expenses
  • Public benefits – more families eligible for public benefits of which they are unaware due to downsizing and furloughs make
  • Post-secondary education and career development raise potential for increased income
  • Microenterprise and small business development create and/or supplement income
  • Income Tax Assistance helps low-to-moderate income working Alabamians keep earnings and refunds without paying a preparer or taking out a rapid access loan with excessively high interest rates

tri_yellow Save:

Acquire financial stability assets
As people increase their income, enter the financial mainstream through relationships with financial institutions, build saving and reduce dept, they will be in better positions to make choices about their financial well-being. United Way of Alabama’s Financial Stability Partnership offers strategies to prepare families and help them achieve their asset goals, and in doing so, to protect and sustain those assets in the long-term.