San Diego Financial Literacy Center Creates Comprehensive Financial Literacy Program for At-Risk and Low-Income San Diegans

San Diego Financial Literacy Center Creates Comprehensive Financial Literacy Program for At-Risk and Low-Income San Diegans
February, 2016 Client News
SAN DIEGO – Feb. 4, 2016 – San Diego Financial Literacy Center (SDFLC) announces a $28,000 contribution from the Foundation for Financial Planning to assist with the creation of the Financial Education Alliance of San Diego (FEASD). The alliance will bring together 9 local organizations who will provide financial empowerment and resources to hundreds of at-risk and low-income residents, through six free events around San Diego County where they can meet with volunteer certified financial planners in a one-on-one setting. NOTE: Please see location, dates and times below.

Organizations involved in the FEASD include the Foundation for Financial Planning, the County of San Diego Department of Housing & Community Development, County of San Diego – Health & Human Services Agency, County of San Diego – Office of Military & Veterans Affairs, Financial Planning Association of San Diego County (FPA), Live Well San Diego (LWSD), Military Veteran’s Resource Center (MVRC), San Diego OASIS, and The Wealth Consulting Group.

The 2016 event series will kick off with a “Smart With Your Money Financial Opportunity Clinic” on Saturday, Feb. 20 at San Diego OASIS where attendees will be able to learn about personal finances, retirement, investing, insurance, budgeting and saving.

“We are excited to support the San Diego Financial Literacy Center on this collective impact project,” said Jon Dauphiné, executive director, Foundation for Financial Planning. “The Smart With Your Money Financial Opportunity Clinics will provide members of the San Diego community access to pro-bono financial professionals in one-on-one sessions to help develop their financial well-being.”

The goal is to develop a collective impact that will have far reaching benefits for the entire community. Special attention will be paid to the lowest socioeconomic neighborhoods, as well as military and Spanish-speaking populations.

According to SDFLC, these events are vital to the community as many San Diegans (up to 70 percent in certain communities) live paycheck to paycheck and have not developed a financial plan that includes savings, investing, and future planning. Additionally 62.5 percent of San Diegans do not have an emergency fund with more than $400 to handle an unexpected crisis – which leads to over use and abuse of high interest lending options; especially in the low to moderate income communities. These trend towards outcomes that include: higher incidences of bankruptcy, foreclosures, poor credit scores and high debt-to-income ratios.

“We are committed to helping all San Diegans achieve financial stability. We aim to break the cycle of money mismanagement and a key step to doing that are these free financial planning clinics,” said Brad Pagano, co-founder and managing director, San Diego Financial Literacy Center. “We are honored to work with the Foundation for Financial Planning as well as members of the Financial Education Alliance of San Diego (FEASD) to provide guidance on the most pressing financial concerns of the citizens of San Diego County.”

SDFLC Smart With Your Money Financial Opportunity Clinics (as of Feb. 4, 2016)

Feb. 20, 2016
10:30 a.m. – 2:30 p.m.
Last appointment at 1:30 p.m.
San Diego OASIS
Westfield Mission Valley
1702 Camino del Rio North – Third Floor of Macy’s
San Diego, Calif. 92108
To attend RSVP to sdflc.org/Oasis/

April 30, 2016
10:30 a.m. – 2:30 p.m.
Last appointment at 1:30 p.m.
Health and Human Services Agency
South Region Administration Building
690 Oxford Street
Chula Vista, Calif. 91911
To attend RSVP to http://www.sdflc.org/sdhcd/

June 11, 2016
10:30 a.m. – 2:30 p.m.
Last appointment at 1:30 p.m.
Military Veteran’s Resource Center
649 W. Mission Ave, Room 2400
Escondido, Calif. 92025
To attend RSVP to www.sdflc.org/mvrc

Additional dates for 2016 workshops will be announced at a later date. For more information, visit www.sdflc.org/ffpproject or call (858) 810-7007.

About San Diego Financial Literacy Center
Founded in 2014, the San Diego Financial Literacy Center (SDFLC) is a 501(c)(3), nonprofit, which provides education and empowerment tools to San Diegans to Enhance their Financial IQ and to help them make smarter decisions with their money.

SDFLC is the go-to organization for financial literacy and education. The nonprofit serves three main demographics: military, youth, and low-to-moderate income families through three core programs: Boost For Our Heroes, Wave of The Future, and Smart With Your Money. They provide services across three key areas: financial literacy, debt management, and credit counseling. The services are available at no cost. For more information, to volunteer or donate, please visit www.sdflc.org or call (858) 810-7007. Connect with us on Facebook or Twitter.