2017 Common Cents Workshop Descriptions
Day 1: 10:00 – 11:15 AM
Closing the Racial Wealth Gap Through Inclusive Policy Design – Research continues to show the widening racial wealth gap. It’s estimated that it would take African Americans 228 years to catch up if white wealth stopped growing today. We can close the racial wealth gap through commonsense and innovative policy solutions, but we must use a racial equity lens to build the policies from the beginning. Learn 10 essential questions to ask and how to engage the impacted population in policy design and implementation.
Getting Them From 9 to 5 – Research on workplace financial education has shown mixed results, especially with low-income employees (Anderson, Zhan, & Scott, 2004). Yet, the workplace is considered an ideal setting for financial education and intervention given the amount of time employees spend at work (Edmiston, Gillett-Fisher, & McGrath, 2009). This presentation will describe results from a series of on-site financial education workshops covering a range of financial topics critical in daily life, for low-wage employees, at five hospitals throughout a large city in a Mid-Atlantic state. Presenters will discuss the content of the workshops, which was drawn from the MoneySmart curriculum from the Federal Deposit Insurance Corporation (FDIC), as well as the evaluation of the series with respect to financial knowledge, financial capability, and financial self-efficacy.
Integration and Incentives: A Pattern for Success – Incentives are a powerful but underutilized tool for maintaining family engagement in social service programs. Learn about the “Incentives Field Guide” which provides human service programs with new guidance on how to develop incentive programs to increase engagement and persistence along with a 2-generation program that succesfully integrated incentives along with other financial capability programs that resulted in increased family self sufficiency.
VITA 101 – Is your organization interested in starting a VITA program? Come learn the basics of starting and running a successful tax site. Presenters will share information on different program models, lessons learned and IRS requirements and regulations. Gain information, resources, and tools to help start or grow your community tax preparation program. Find out what you need to ensure your VITA site is a success.
Day 1: 1:15 – 2:30 PM
- ABLE Accounts: Changing the Way to $ave – ABLE accounts are a means of changing expectations about saving and asset building for people with disabilities by providing new choices outside the traditional acceptance of means-tested eligibility for public benefits such as SSI, Medicaid and food and health assistance. ABLE accounts (savings & investment) provide the opportunity to save money without losing access to federal benefits. Learn the details of the MD ABLE accounts along with an overview of other states’ programs, and resources from the National Disability Institute.
- Finding a Path to Prime – Almost half of Americans have subprime credit. There are many more options to provide loans to these borrowers, but not every product is created equal. Learn about different product types and institutions that currently serve the subprime market and ways we can help clients on their path to prime credit.
- Keeping the “V” in VITA – Volunteers are at the heart of free tax preparation sites. However finding and retaining quality, dedicated volunteers can be a challenge. Come to this workshop to hear presenters discuss best practices and new initiatives community tax preparation programs are taking to recruit and retain volunteers as well as put them on the path to training success.
- When is Coaching Right? – Financial coaching has become increasingly popular and is held up as one of the best ways to help clients to meet financial goals. However, the approach isn’t always a fit with organizations or the clients they seek to coach. This can lead to frustration and poor outcomes. Learn about who coaching works for and what to consider when starting a program or referring a client.
Day 1: 2:45 – 4:00 PM
- A Look at Housing Policy: Past, Present & Future – This workshop examines housing discrimination leading up to the Fair Housing Act, including the government policies that enabled segregation, reviews the achievements of the past 50 years and discusses the future intersection of affordable housing and civil rights. Learn how current housing programs intended to help families build assets are being implemented and resources to help clients.
- Connecting Financial Capability: Trauma Informed Care and Mental Health – The more that we learn about trauma, the more that we understand its far-reaching, pervasive effects. Research suggests that 70-90% of those receiving services through the community service provider system have experienced significant trauma in their lives. Reoccurrance of triggers from the trauma act as a road block to financial capability service delivery. Financial stress and other factors greatly impact the mental health of client. Learn ways to design a working environment to help clients feel safe and welcoming, what is your client’s ACEs score and how does it shape their perspective, what are warning signs that financial stress is affecting a client’s mental health and what steps to take to assist clients.
- Financial Education Building Blocks – Learn best practices in developing and implementing a financial education platform throughout diverse communities. The way in which people receive information in a technological world is ever changing. The purpose of this workshop is to discuss the need for financial education to create stable communities, as well as, offer solutions for financial education delivery in remote communities and a mobile society.
– Identifying the need for financial education in the communities
– How to build a financial education platform for delivery and maximum impact
– Components of a financial education platform
– Choosing topics for financial education
– Accommodating learning styles of participants
- Yes! You are a Small Business: Helping Clients Understand The Tax Impact of Their Side Hustle – Self-employment is a strategy to get and keep people out of poverty. Whether they are entrepreneurs trying to get their business off the ground or are gig workers trying to patch and smooth income, many of these individuals may not know or understand the implications of generating this additional income. This workshop will provide practitioners and tax preparers with the information and resources to help keep their clients informed of the impact this will have on their taxes and their financial lives.
Day 2: 10:30 – 11:45 AM
- Complaints Make Sense – Have you ever had a client who was being harassed by a debt collector, or had problems getting inaccurate items off their credit report? Consumers face a myriad of problems but may not know how to get help. Consumer protection agencies obtain millions of dollars in refunds for consumers who complain. Attend this interactive workshop to learn how to file consumer complaints and navigate the consumer protection resources, whether federal, state or local government resources to assist clients in getting the help they need.
- Driven by Data – Credible data is critical to show the need for your work. This workshop will review the powerful data found in Prosperity Now (formerly CFED)’s Asset and Opportunity Scorecard; Community Action Partnership’s Family Self Sufficiency Standard and United Way’s ALICE Report. Learn how to access these tools and utilize the data points to educate your stakeholders/community organizations.
- Integration and Incentives: A Pattern for Success (REPEAT SESSION) – Incentives are a powerful but underutilized tool for maintaining family engagement in social service programs. Learn about the “Incentives Field Guide” which provides human service programs with new guidance on how to develop incentive programs to increase engagement and persistence along with a 2-generation program that succesfully integrated incentives along with other financial capability programs that resulted in increased family self sufficiency.
- The Ups, Downs, Ins and Outs of Coaching – Financial Coaching is a proven intervention for building financial capability. Wondering if your organization can create or grow a coaching program? Attend this workshop to learn from other organizations who have coaching programs on the challenges they faced, strategies they employed and design tips to make the program successful.