The stress caused by financial worries is real, and certainly a growing concern for many individuals. Dealing with money problems is about more than money and numbers; it's also about people's emotions and beliefs. WellSpan EAP is a great resource for individuals who would like help dealing with the emotional and family issues caused by financial hardship. We can also point you in the right direction for helpful financial information and guidance that may assist you.
Below is a listing of online resources, educational tools and financial information:
Free Tabor Community Financial Workshops Free financial workshops are being offered in 2017 at Tabor Community Services, 308 East King St, Lancaster. For more information click here or visit www.tabornet.org.
Need Help Managing Your Money? Try MySmartMoney
Dealing with financial issues can be overwhelming and stressful for many people. United Way and the SunTrust Foundation have partnered to offer a solution to hlep with your money management problems. MySmartMoney is a free and easy online tool designed to help you reach your financial goals.
The site is filled with online quizzes, calculators, and other resources to help with financial planning. With a simple click you can go online and start learning ways to budget your money, reduce debt, and improve credit. This FREE site helps individuals and families get on the path to financial stability -- one of the building blocks to a quality life.
Are you saving enough for retirement?
According to the presenters at the recent viewing of the documentary When I'm 65 at WITF Harrisbug:
- 45% of people have nothing saved towards retirement
- Of those who do have retirement savings, the median saved is $3000
- Of those nearing retirement age, the median saved is $12,000
- 21% of Americans think winning the lottery is their best chance to save for retirement.
Learn more or watch the documentary at www.wi65.
The Ann B. Barshinger Financial Empowerment Center for Lancaster County is a program of Tabor Community Services, a non-profit provider of housing and financial counseling, and education services in Lancaster County. The BFEC provides services designed to equip families and individuals with the knowledge and skills needed to work through financial challenges and build financial stability for their future. Our counselors are professionally trained and certified to empower clients by providing one-on-one coaching tailored to individual needs. We offer services like:
1. Financial coaching-credit review and budget preparation
2. Debt Management services-consolidation unsecure debt
3. Matched savings-saving for a life improving asset such as home purchase, vehicle purchase, further education or business start-up.
4. Homebuyers counseling - prepare to purchase a home
5. Mortgage counseling* - assistance to avoid mortgage foreclosure.
6. Reverse mortgage counseling*
7. Financial workshops - We offer workshops that improve knowledge and personal financial management skills. Free Financial workshops are being offered at Tabor Community Services, 308 East King St. Lancaster. For a schedule click here.
For more information: https://tabornet.org/bfec
To make an appointment:
For Financial, First-Time Homebuyer or Reverse Mortgage Counseling
For Foreclosure Prevention Counseling
Pennsylvania Office of Financial Education - this site is provided by the Commonwealth of Pennsylvania through the Office of Financial Education. Visitors can find answers to basic money questions regarding retirement, budgeting and credit, in addition to financial calculators and links that connect with local financial services in Pennsylvania
MyMoney.gov - this is the U.S. government's website dedicated to teaching all Americans the basics about financial education. Whether you are planning to buy a home, balancing your checkbook, or investing in your 401k, the resources on MyMoney.gov can help. Throughout the site, you will find important information from 20 federal agencies.
Advantage Credit Counseling Service - Consumer Credit Counseling Service of PA is now part of Advantage Credit Counseling Service, a non-profit organization offering financial assistance counseling and debt management plans in 20 different states, including Pennsylvania.
Family Credit Management Service - Family Credit Management Service is an ISO registered, non-profit consumer credit counseling service offering immediate debt help solutions and a roadmap for debt free living. They are one of the largest and most experienced providers of consumer credit counseling services in the United States. To speak directly with a credit counselor, please call 800-994-3328. Visit the web link for free financial tools, calculators and more information.
Individuals who elect to set up a personal debt consolidation plan with Family Credit Management Services can have the standard $49 program set-up fee waived by mentioning they were referred by WellSpan EAP.
AARP Financial tools - The American Association of Retired Persons provides this great resource page of tools, financial news, calculators and worksheets for financial planning, budgeting, saving, investing and retirement planning.
Internal Revenue Service - Federal tax forms, answers to frequently asked questions, online services and information from the Internal Revenue Service.
Federation of Tax Administrators - provides direct links to state tax forms and information for all 50 states. This professional organization serves as a source of information on issues that affect tax policy and administration.
What is a 529 Plan?
529 plans help families save for college. The name "529" refers to Section 529 of the IRS tax code, which gives these plans special tax breaks to encourage saving.
There's no doubt your children or grandchildren will benefit from higher education. Studies show that a college degree is worth nearly a million dollars in lifetime earnings. College tuition is an investment in their future.
Two ways to save. The Pennsylvania 529 College Savings Program offers two savings plans. The PA 529 Guaranteed Savings Plan (GSP) is a lower-risk plan that helps your savings keep pace with rising tuition. The PA 529 Investment Plan (IP) lets you choose from 15 investment options from The Vanguard Group. Compare plans.
Easy to set up and easy to use. You can use the money to pay for college, many technical and career schools, and qualified expenses. There are no income limits, and anyone can contribute. Grandparents, aunts, uncles and family friends can all help your student pay for college.
Guide to Securing Your Child's Credit Future - this guide will help parents understand how to promote positive credit awareness and responsible financial habits throughout a child's development. Important concepts and behaviors will be highlighted, and examples of activities and additional resources will be given to use in four critical stages of development.
Guide to Securing Your College Students Credit Future - this guide empowers parents to help their college students transition to the real world by avoiding credit pitfalls and developing solid financial habits that will set them up for success.
Article: 10 Ways to Cut Your Debt Now
WellSpan EAP is not associated with any of the financial organizations listed on this page, and assumes no liability regarding information presented by these organizations.