Here you will find
Get information on important financial empowerment programs offered by other agencies.
ScholarShare 529 Matching Grant Program
California’s College Savings Plan
We all know that attending college is one of the single most important factors that can help to ensure the success of our youth; but, we also know that the rising cost of higher education is making it increasingly difficult for many families to afford it.
Did you know that kids from families who save any amount for college are SEVEN TIMES more likely to attend college than kids from families who don’t save?* It’s true!
At the Center for Financial Empowerment, one of our goals is to connect County residents to information and services that can help build household wealth and assets. We are proud to partner with ScholarShare529 to raise awareness about a new opportunity to help low-moderate income families jump start their college savings plan. To learn more about the ScholarShare 529 program, click the button below.
Do you know your credit report or banking history?
You can get a free copy of your credit report every 12 months from each of the credit reporting agencies (Equifax, TransUnion, and Experian) by clicking the button below to visit AnnualCreditReport.com. Everything reported on your credit report effects your credit score. Getting your credit report can help you identify the next steps to improving your credit score.
Chex Systems is a nationwide specialty consumer reporting agency under the Fair Credit Report Act (FCRA). ChexSystems’ reports information on closed checking and savings accounts.
Want to know if you qualify for extra benefits?
Contact the Department of Public Social Services
The Los Angeles County Department of Public Social Services (DPSS) provides benefit programs for individuals and families in need of health care coverage; CalFresh nutrition assistance; CalWORKs Financial, homeless, employment and supportive services assistance via Welfare-to-Work programs; In-Home Supportive Services; and financial, homeless and employment assistance to indigent adults through the General Relief Program. For more information on how to apply, contact DPSS by phone, online or visit one of their many locations in the County.
Save money with the L.A. Saves Pledge
Start saving today
Saving money is important for everyone. Whether it’s to pay for an an emergency, planning ahead for college or retirement, buying a car, or getting out of debt, having money saved away makes a big difference.
The time to start saving money is now!
Why should you save money? Simply put, life happens. Accidents, emergencies, or unexpected costs happen frequently and they can be expensive. If you don’t have money saved away, you might wind up skipping bills, borrowing money through a high-cost loan, or maxing out credit cards.
You can start saving today. Here’s how:
- Track your expenses. When you know where every dollar goes, you can find your best way to improve.
- Make a budget. If you plan your spending, you can find ways to save. Start small. Even saving loose change is good way to get started. If you’re getting a tax refund this year, try to save at least part of it.
- Set a goal. Do you need a short-term fix or a long-term solution? You decide why you need to save and make yourself a promise.