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Financial Independence Program Off To Fast Start

Tue, 22 Oct 2013 14:38:38 CDT
By: Willis Kern

About six weeks into the program, some 40 people are involved in Next Step, a community collaborative effort aimed at helping those lacking resources attain financial independence. During an appearance on GLT's Sound Ideas, Angela Frazier with Mid-Central Community Action said 27 individuals have completed the one-stop shop's interview process and 6 have finished their first financial coaching session.

"Someone may come in and say, 'I've done this budget a couple of different times and it's just not working.' Well, let's take a look at it. If you're doing a monthly budget, how about a weekly budget, or a bi-weekly budget? Whatever works for them."

Frazier says coaching sessions also include a review of financial goals as well as particular hurdles individuals need to overcome along the path to financial independence. Next Step is a collaborative effort of the McLean County United Way, Mid-Central Community Action, Heartland Community College and the U of I's Community Preservation Clinic. Organizers say the early participation is exceeding expectations. Clients are expected to be on the road to financial independence within two years.

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