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Connecticut Asset Building Collaborative is an effective network of public, private, and non-profit organizations and partners that provide and advocate for programs, services and policies that help low and moderate income individuals and families achieve financial security.

For past Conference and Peer Learning materials go here

For Regional Meeting materials, go here

For past newsletters go here.

2018 – A Year For Savings

We know two important facts about personal savings -- one, it can mean the difference between surviving a financial shock or not, and two, very few Americans have enough emergency savings to last them a month in the event of a crisis.  This is particularly true of low-income individuals and families. While we hope to assist our clients with long-term financial planning and goals, the peer learning committee recognizes that helping our community build any kind of emergency savings is an essential first step towards greater financial stability.

For that reason, we are focusing our efforts in 2018 on how all organizations can work together toward the goal of savings.  The CT ABC is already integrating partners who target different areas of need among low-income residents.  Although as organizations we may train our sights on food access, housing, financial literacy, employment, transportation, heat assistance, and other social determinants, our clients experience all of these issues at once.  Therefore, it is incumbent upon us to join forces with a singular purpose and what better goal than to help individuals through our areas of expertise and in partnership to build an emergency savings fund.  This year, peer learning seeks to start a dialogue between agencies to investigate what is within each of our power to help people save. 

 

News from around the Collaborative

Help Connecticut Residents Build Emergency Savings

Join the Connecticut United Ways to help working families increase their economic security by building a life-long habit of savings. SaverLife Connecticut combines an online goal-based savings program with 24 weeks of motivational digital financial coaching and a community of online resources.  Aimed at low- to moderate-income working families, SaverLife is open to anyone aged 18 or older with a valid email address and savings account with online access. The 6-month program provides a $10 reward for every month that participants save at least $20.

Families with even $250 in savings are less likely to be evicted, miss a housing or utility payment, or receive public benefits. Contact your local United Way or email Donna Taglianetti at dtaglianetti@unitedwayinc.org to become a partner in this work. Partners will receive free marketing materials and access to regional reports on savings and changes in consumer behavior.

Learn from Earn

Talking of SaverLife, the organization that runs the program, EARN, is hosting a webinar on Wednesday 25th July, presenting findings from their research into the impact of tax refunds on spending habits and whether well-timed interventions could increase savings rates. They learned that people plan for their refunds months in advance of receiving any money, that how people save their refunds depends on their definition of “saving,” and that well-timed interventions can change what people do with their refunds. Register here for this important event.

Jump$tart Financial Literacy Summit

Mark your calendars for the next Financial Literacy Summit sponsored by Connecticut Jump$tart which will be held on Monday, October 22nd at the Sheraton South Hartford from 8 am until 2 pm. When more information is available it will be posted on the Connecticut Jump$tart Coalition website and also on Facebook and Twitter.

Upcoming Regional CABC Meeting

And another exciting event soon after that - mark your calendars (and RSVP now) for the Greater Waterbury Regional Meeting on November 8th.  The meeting will be at Naugatuck Valley Community College from 8:30am to 12:30pm.  There will be presentations on Savings and Banking, Working Cities Challenge and Financial Empowerment Centers, as well as networking and discussion.   The meeting is sponsored in partnership with the United Way of Greater Waterbury.

For information on future events, come back to check this space...

 

Collaborative Events

For steering committee meetings, peer learning sessions and regional meetings - please go to the Events page.

For more information, come back to the website, or sign up for our emails and/or social media posts.

Engage with CABC on Social Media

This step onto the social media scene will increase awareness of the many asset building resources available and the profound impact they have, especially for low-income families.

  • Follow CABC on Facebook and Twitter
  • Share the page with your friends and colleagues to encourage them to follow us 
  • Tell us what we should be sharing by sending information to ctassetbuilding@gmail.com 

Collaborative Member Events

 America Saves and Connecticut Saves Campaigns

Connecticut Saves Week February 26th through March 3rd, 2018!

America Saves Week and Connecticut Saves Week bring together diverse groups to encourage and support Americans and Connecticut citizens to save effectively. America Saves and the American Savings Education Council provide participating organizations with useful savings tools and resources ranging from engaging contests, to social media posts and graphics, to sample presentations and activities. The website for the general public is www.AmericaSaves.org. Your organization can also sign up at www.americasavesweek.org as a partner to receive information and officially participate in the national campaign. We also encourage you to indicate your interest in connecting with our local Connecticut Saves so that you can learn about our activities and become more involved. You can also visit our website at www.ConnecticutSaves.org.

America Saves is a campaign coordinated by the nonprofit Consumer Federation of America (CFA) and is dedicated to helping individuals save money, reduce debt, and build wealth. Connecticut Saves is the local campaign for our state and is coordinated by the UConn Extension Financial Education Program in partnership with nonprofit, government, academic, and business organizations.

Like our Facebook account @CTSaves and follow our Twitter account @CTSavesCampaign.

To post information about your organization's asset building event - send it to:  CTAssetBuilding@gmail.com.

Policy and Program News

Home   The Connecticut Scorecard --- Prosperity_Now_scorecard_PDF.pdf

Link to Prosperity Now Scorecard tool:  http://scorecard.prosperitynow.org/   You can search this site for data by state, locality, issue and other factors.

 

What is Asset Building?

The Collaborative's members do work in the following areas:

Entrepreneurship and Business Development

Financial Access and Products

Financial Education/Coaching/ Credit Counseling

Housing Assistance and Homeownership

Jobs and Workforce Development

Savings for Adults and Children, IDAs

Tax Assistance and Credits (VITA)

 

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