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Budget Buddies Inc.

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Nonprofit Overview

Mission: Budget Buddies builds the financial literacy, confidence, and security of low-income women in Massachusetts, through a unique program that combines instructional workshops and personal, one-to-one coaching. We work with clients referred by local social service agencies and customize our program to their needs. Local financial institutions lead our classes. Volunteer coaches serve as personal mentors. The special mentoring component customizes assistance to each client. Low-income women – who typically have no access to the financial advisors that educate those with higher incomes – get individualized help with the specific financial issues that keep them in poverty. Teach Financial Skills that Last a Lifetime Do you have an hour a week to change someone’s life? As a volunteer coach, you’ll provide ongoing, one-on-one support for your client – and we’ll support you in that effort. As a start, here’s a summary of what we ask of our coaches: - A genuine interest in and commitment to working with low-income women - Strict confidentiality of all client financial and personal information - A six-month commitment to your client - Participation in a two-hour coaches’ orientation - Participation in 10-12 hour-long client workshops - One or two follow-up contacts with your client between workshops - Participation in our monthly Coaches’ Exchange For an hour a week, you can guide someone in your community along the road to financial independence. You don’t have to be a money-management expert to participate, just someone who wants to help. Per the request of Budget Buddies students, all coaches are women.

Results:

Target demographics: Low income women

Geographic areas served: The Greater Lowell Area

Programs: Financial education, support, and empowerment

Community Stories

2 Stories from Volunteers, Donors & Supporters

Volunteer

Rating: 5

Budget Buddies gives financial education a personal touch. Bringing in a volunteer to work one-to-one with each client is incredibly valuable to the client-- but also a gratifying experience for the volunteer coach! I have loved my time coaching with Budget Buddies. Each program is different and I have learned right along with the women in the program. It does take patience. Not every woman I've worked with has been thrilled by the idea of confronting her financial situation. But it is worth it! Build relationships, encourage a woman to be the best she can, help your community!

1

Volunteer

Rating: 4

Budget Buddies is a non-profit devoted to helping low income women to empower themselves by learning
how to use the money they have wisely. Each client is assigned their own coach whose sole purpose is to help their client achieve the financial goals that they feel are important to them. It is very gratifying to help someone improve their credit, get their first credit card and realize that they are capable of changing their financial situation on their own once thye have gained some confidence.