Money Management Class

BCM's Money Management program is an important component of both the Transitional Housing Program and The 70/30 Project.  This 16-week educational program helps families develop skills and learn strategies for managing their household finances.  In addition to learning in a classroom setting, volunteer coaches work one-on-one with each family to help put the lessons into practice.
Even though 60% of Georgia's low-income families have at least one parent working full-time, when faced with an emergency, they have no financial reserves to weather the storm. Every year BCM's Emergency Assistance Program helps more than 1,000 families in the midst of personal crises pay their rent and utilities. This immediate, short-term assistance is just the help that many families need, but for others, their setbacks are too difficult to overcome.

The 70/30 Project is a unique program that couples financial assistance with case management and money management education. The program was designed to prevent working families from becoming homeless by helping them develop the skills needed to become financially independent. While in the program, working parents receive financial assistance with rent and utilities for four months and attend   a 16-week money management course. Parents use the money they save on household expenses to reduce thier debt and begin the habit of putting money into savings.  They are eligible for a dollar-for-dollar savings match if they continue saving after graduation.