Molly Barackman-Eder, Manager, Financial Capability
Molly Barackman-Eder, Manager, Financial Capability
The winter holidays and the start of school are times when expenses can suddenly spike. Many low- to moderate-income families are unable to cover them, turning instead to expensive, predatory payday, auto-title or similar loans. Clearly, a safe alternative is needed.
Everyone knows it’s important to save for a “rainy day.” Emergencies happen: appliances break, cars sputter to a stop, jobs are lost. But when your paychecks are not that much more than what you need to pay your routine bills, that’s a habit most haven’t been able to form.