Habitat for Humanity unveils online financial education program
New interactive ‘recipe box’ educates on credit, homeownership, avoiding foreclosure and overall financial fitness
Atlanta (September 8, 2008)—Habitat for Humanity has partnered with the National Endowment for Financial Education to develop the “Recipes for Financial Fitness” toolkit, an interactive tool to help provide ongoing financial education and resources to Habitat homeowner families. Habitat’s latest effort in building affordable houses focuses on empowering its current and future homeowners through education as a means to financial stability, and it is also available to the general public at no cost.
“Habitat for Humanity’s goal has always been to eliminate poverty housing, and one of our most effective methods is the power of knowledge,” said Connie Steward, vice president and chief learning officer for Habitat for Humanity International. “Habitat for Humanity is delighted to work with NEFE to provide financial education tools to help our current and future partner families, as well as others who are interested in building financial expertise.”
Habitat’s Recipes for Financial Fitness toolkit can be tailored to the needs of individual families and breaks down the complexity of money management by showing participants how credit, financial fitness and owning a home are all connected and dependent on one another. The interactive program covers such topics as
• Becoming financially fit
• Controlling finances
• Credit basics
• Protecting your money
• Finding a better-paying job
• Getting an education
• Owning a Habitat home
Steward adds that providing training and education for partner families and potential Habitat homeowners has long been a priority of Habitat affiliates and one that is made even more important today in light of the nation’s current housing crisis.
Habitat for Humanity and NEFE’s relationship started in 1999 with the Homeowners Handbook, which taught new partner homeowners about how to manage long-term opportunities and challenges arising from owning a house.
“NEFE’s mission is to help people achieve financial well-being and one way to do that is to help them straighten out their finances prior to owning a house,” says Ted Beck, president and chief executive officer of NEFE. “With this resource, Habitat and NEFE can help people learn the financial basics so that someday, they can own a home without worries of foreclosures.”
To learn more about Habitat’s Recipe for Financial Fitness toolkit, please visit www.habitat.org/hfhu/programs/nefe.
The National Endowment for Financial Education is a nonprofit foundation dedicated to helping all Americans acquire the knowledge and skills necessary to take control of their financial destiny. For more details, visit www.nefe.org.
About Habitat for Humanity International
Habitat for Humanity International is an ecumenical Christian ministry that welcomes to its work all people dedicated to the cause of eliminating poverty housing. Since its founding in 1976, Habitat has built nearly 300,000 houses worldwide, providing simple, decent and affordable shelter for nearly 1.5 million people. For more information, visit www.habitat.org.