Mayor Kim Janey wants Boston families to know about vital available money that can make their children’s lives better. This year, the federal government is expanding the Child Tax Credit (CTC) and sending advance payments (of $250-300 per child) to
Bank On Boston has partnered with USALLIANCE Financial to establish a checking account specifically designed to meet the needs of Boston’s unbanked and underbanked residents. The account, Dora Everyday Checking, meets all 15 Bank On national account standards for safety and
The Office of Financial Empowerment has launched the Financial Navigator program, in partnership with the Cities for Financial Empowerment (CFE) Fund, to guide residents through resources available to them amid the financial difficulties of the pandemic. Residents can access this
When it comes to teaching young people about credit, Alicia Sasser Modestino jokes that adults are about as wary of the topic as they are of sex ed: “Adults are afraid if they teach kids about it, they’ll want to
For many Boston residents, “credit” can be a scary word. A reminder of money mistakes. A score to avoid. A part of an inscrutable financial system. Roxbury resident Cynthia Jones had gotten to the point of dreading her mail. “When
From January through March 2019, nearly 200 families attended welcome events to learn how they and their children could participate in Boston Saves, the City of Boston’s children’s savings account program. The events were hosted at the eleven BPS schools
In June 2019, the luxury resort and casino Encore Boston Harbor is scheduled to open in Everett, MA, with more than 650 rooms, multiple restaurants, a harborwalk, spa, and even boat docks. The challenge for Jennie Peterson, the resort’s director
Meet some of the Boston residents who took advantage of free events during America Saves Week. Similar events are available year-round – click the links below to learn more! Name: Tiffany Event: Bank on Boston Experience: Tiffany, 19, had never had
The City of Boston and the Mayor’s Office of Financial Empowerment are holding a series of free financial empowerment events for residents as part of America Saves Week, a national campaign to promote saving that runs from February 26 to
A key wedge driving the gap between Boston’s affluent and low- and middle-income residents is credit. While good credit opens the door to low-cost loans, poor or no credit can make innumerable life transactions more expensive, from car loans to