Let the Child Tax Credit initiate your path to financial stability
According to national surveys and publications,the ChildTax Credit is helping individuals and familiesbe able to keep food on the table and electricity on.An article on CNBC from Carmen Reinicke states, “Nearly half used the money for food, slashing the foodinsufficiencyrate by more than 20% for households with children… Difficulty paying expenses decreased as well, going from 31.5% of households with children having trouble covering their costs before the first payment to 29% after, data shows.”
In another article from ParentsTogether.com it wasstated, “90% of parents surveyed said the payment of the child tax credit was helpful or made a “huge difference” to their family’s economic security.” Justin Ruben, co-Director ofParentsTogether mentioned that experts are estimating that the Child Tax Credit is on track to cut child povertyalmost inhalf.
Sowhatcanrecipients do with these resources that are now available and how dothey make them last?
Take a free Financial Stability class! Our partnership agency, Personal Finance Center of Polk County offers freefinancialstability classes designed to educate, coach, and empower participants.The classes are a series of four sessions in a comfortable,non-judgmentalenvironment that will teachparticipants how to be smarter withtheir money no matter whattheir circumstances. They cover how to budget, get out of debt,saveand invest, and improve credit reports. If a participant is unable to attend live classes, the curriculum is also available online. They also have a young adult and Spanish curriculum andprovidefree breakfast, lunch, or dinner at each session!
Personal Finance Center of Polk County also offers financial coaching, credit counseling, and tax preparation, all free of charge.Visit their website
Have other financial questions? Contact 211, your source for human and social services information.
Want to help fund our financial stability initiative? Donate here!
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