Budget Buddies seeks to improve the financial literacy and independence of low income women in the Greater Lowell area. Their six month program combines workshops on budgeting, banking, credit and money values with one-on-one coaching.
After a comprehensive orientation, coaches and clients attend workshops together. They meet between classes to complete exercises that address the client’s financial issues. A coaching coordinator is available to connect clients with community resources, answer questions, and to lead monthly support groups for coaches.
Budget Buddies is looking for coaches. You do not have to be a financial wizard. All you need is the desire to help someone make the most of the money she has. Other volunteer opportunties exist as well.
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Helping Women Help Themselves
Budget Buddies is a Massachusetts-based, non-profit organization focused on improving the financial literacy of low-income women in the Greater Lowell area. Our innovative, no-fee program combines workshops on budgeting, banking, and credit with one-on-one coaching and support groups to help clients develop core money management skills and resolve their individual financial issues. Budget Buddies partners with local banks, social service agencies, and volunteers to provide customized training and support in basic money management.
Last September, Budget Buddies launched a six-month pilot program serving clients of the Chelmsford Housing Authority and the Lowell Transitional Living Center. Funded in part through a federal grant provided through the Jericho Road Project, with training support from the Jeanne D’Arc Credit Union, this pilot helped us evaluate our business model and obtain the performance results we need to expand our organization. We recently received an award from Jericho Road for our evaluation strategy, which was developed in coordination with Concord, MA -based Carlisle and Company.
In May, we started a new program with House of Hope, which provides shelter and homes to low-income families with children in Lowell. This program included a pilot of Budget Buddies Basics, designed to prepare women with minimal skills for workshops and coaching. This fall, in addition to a second program at House of Hope, we have new programs at American MoJo, a manufacturing facility for low-income mothers, and South Bay Early Intervention, a clinic for families of children with developmental needs.