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Economic Stability

Families have a responsibility to provide a stable environment for their children. An important part of this is economic stability. There are many programs available that can help fathers improve their economic stability in a variety of ways, including job training, subsidized employment, job retention and job enhancement; following safe credit/borrowing practices; and sound financial planning.

Financial Education

Financial education fosters financial stability for individuals, families, and entire communities. The more people know about credit and banking services, the more likely they are to increase savings, buy homes, and improve their financial health and well being. Below are two Federal Financial Education resources.

  • MyMoney.gov
    Getting help managing your finances and understanding the many credit, loan, saving, and banking options that are available at every income level is crucial to economic stability. MyMoney.gov is the U.S. government's Web site dedicated to teaching all Americans the basics about financial education. Whether you are planning to buy a home, balancing your checkbook, or investing in your 401(k), the resources on the site can help you do it better. Throughout the site, you will find important information from 20 federal agencies.

  • Money Smart
    The Federal Deposit Insurance Corporation (FDIC) recognizes the importance of financial education, particularly for people with little or no banking experience. That's why they created Money Smart, a training program to help adults outside the financial mainstream enhance their money skills and create positive banking relationships. The Money Smart curriculum helps individuals build financial knowledge, develop financial confidence, and use banking services effectively.

The following resources, along with others in the National Responsible Fatherhood Clearinghouse (NRFC) library, can be very useful whether you are an individual looking for financial guidance, or a fatherhood program interested in incorporating economic stability and financial literacy into your program.


Other Relevant Resources

  • Tips for Safe Banking on the Internet (PDF - 1,518 KB) Exit Disclaimer - Brochure from the Federal Reserve Bank of New York; Provides basic information and tips on using on-line banking services effectively.

  • 66 Ways to Save Money - Sponsored by the Federal Citizen Information Center in Pueblo, CO, this 12 page brochure is available online, in PDF, or in print as well as in Spanish. Tips include information on housing and prescription drugs.

  • Earned Income Tax Credit Information - Research and toolkits about the Earned Income Tax Credit, as well as Tax Year 2004 EITC State Specific Data. Provided by the Administration for Children and Families' Welfare Peer TA network.

  • Department of Labor One-Stop Web sites - Most states have "One-Stop" work force support centers that provide resources for job seekers and employers. Local resource centers are good sources for support when addressing employment and economic stability issues.

  • Employment and Training Administration - The U.S. Department of Labor's Employment and Training Administration (ETA) administers federal government job training and worker dislocation programs, federal grants to states for public employment service programs, and unemployment insurance benefits. These services are primarily provided through state and local workforce development systems. The ETA Web site provides information on finding a Career Center near you.

  • Homes and Communities - The U.S. Department of Housing and Urban Development (HUD) provides information on home ownership, rental issues, and other housing and community development issues, including tips, tricks, and other information can help make your experience as a homeowner a little easier. HUD also provides information on homes and communities state by state.