Iowa State University Extension

Financial Classes for Women's Transitional Housing Programs

Problem:
Women in transitional housing programs are economically vulnerable, struggling with many issues, and in need of basic needs. Social service support and programs assist families until they are able to be self-sufficient. Classes provide guidance and education to help the women stabilize their lives. The directors of two transitional housing programs were searching for financial education classes and welcomed ISU Extension's willingness to meet this need.

Response:
Iowa State University Extension is providing financial educational classes for participants in transitional housing programs in two urban cities. Partners include U.S. Bank in Cedar Rapids and the DollarWise Partnership in the Quad Cities. Eight classes have been held and additional classes are scheduled. Classes have included information on developing a spending plan, managing financial accounts, and credit reports.

Impact:
A total of 18 women have participated in the various classes. Participants must attend classes regularly to participate in the housing programs. At least one assistance program (Food assistance, FIP/TANF, Child Nutrition, etc.) is used by 83% of the participants. As a result of participating in the financial classes, 94% of the women indicated they planned to make positive changes in managing their money. Actions planned include:

  • Get a credit report- 4
  • Pay bills- 10
  • Save money- 5
  • Make a list of expenses/track spending- 5
  • Develop a budget- 5
  • Pay debt- 3
  • Get a job- 6
  • Reduce expenses- 4
  • Use community resources- 2

 

Comments about the classes included:

  • Informative. Thank you. Please come again. We appreciate what you are doing.
  • Lots of great information.
  • Educational, gave me information on what to do about getting my credit report.
  • I learned very much.
  • Great speaker. Connects well with all people.
  • Great- thanks!
  • Wonderful and very informative.

 

Contact:
Phyllis Zalenski
Family Resource Management Specialist
Iowa State University Extension
605 E. Main St. , Anamosa , IA 52205
319-462-2791 (Phone) 319-462-4572 (Fax)