Financial Beginnings Oregon

FINANCIAL BEGINNINGS OREGON EMPOWERS YOUTH AND ADULTS TO TAKE CONTROL OF THEIR FINANCIAL FUTURES.

FINANCIAL BEGINNINGS OREGON (FBOR) INCREASES THE FINANCIAL CAPABILITY OF YOUTH AND ADULTS IN OUR STATE. THIS ALLOWS OREGONIANS TO LIVE WITH MORE FINANCIAL SECURITY, AND INCREASES LIFE OPPORTUNITIES SUCH AS HOMEOWNERSHIP, HIGHER EDUCATION, AND SECURE RETIREMENT. FBOR WORKS TO:- PROMOTE SELF-SUFFICIENCY BY TEACHING INDIVIDUALS HOW TO PROACTIVELY IMPROVE THEIR FINANCIAL HEALTH.- SUPPORT UN- AND UNDERBANKED INDIVIDUALS IN ACCESSING AND PARTICIPATING IN FINANCIAL SERVICES.- PROVIDE AGE-APPROPRIATE FINANCIAL EDUCATION THAT MEETS OR EXCEEDS STATE-SPECIFIC STANDARDS.- ENHANCE FINANCIAL RESILIENCY AMONG UNDERSERVED POPULATIONS.- PROVIDE ALL OF THESE SERVICES AT NO COST TO PARTNERS OR PARTICIPANTS.FBORS FINANCIAL EDUCATION PROGRAMS REACH ALL DEMOGRAPHICS BUT ARE DESIGNED TO EMPOWER ECONOMICALLY-VULNERABLE YOUTH AND ADULTS THROUGH INCLUSIVE FINANCIAL EDUCATION. FBOR PROACTIVELY REACHES UNDERSERVED AUDIENCES SUCH AS LOW-INCOME INDIVIDUALS, INDIVIDUALS WITH LEGAL HISTORIES, INDIVIDUALS EXPERIENCING HOMELESSNESS, AND COMMUNITIES OF COLOR.PROGRAMS ARE PROVIDED IN PARTNERSHIP WITH SCHOOLS AND COMMUNITY-BASED ORGANIZATIONS, AND ARE ALWAYS OFFERED AT NO COST TO THE PARTICIPANT OR PARTNER. FBOR STRIVES TO REACH OVER 25,000 OREGONIANS EACH YEAR WITH FREE FINANCIAL EDUCATION. ALL OF THEIR PROGRAMS ARE TAUGHT BY OVER 300 TRAINED COMMUNITY-BASED VOLUNTEERS IN THE COMMUNITY. FBOR RUNS AN ANNUAL FELLOWSHIP PROGRAM THAT BRINGS YOUNG ADULTS IN-HOUSE AS FINANCIAL EDUCATORS AND PROVIDES THEM PROFESSIONAL DEVELOPMENT OPPORTUNITIES. THIS FELLOWSHIP MAKES THEIR PROGRAMS MORE EQUITABLE AND IMPACTFUL BY ENGAGING YOUNG ADULTS IN THEIR PROGRAM DELIVERY. FBOR ALSO HOSTS AN ANNUAL FINANCIAL LITERACY CONFERENCE THAT BRINGS TOGETHER FINANCIAL EDUCATION STAKEHOLDERS AND SUPPORTERS FROM ACROSS THE STATE TO GAIN FINANCIAL LITERACY RESOURCES AND COLLABORATE. THIS HAS BEEN HELD VIRTUALLY SINCE COVID-19.MOST IMPORTANTLY, FBOR'S PROGRAMS HAVE A MEASURABLE IMPACT. IN THE SIX MONTHS FOLLOWING THEIR PARTICIPATION, 98% OF PARTICIPANTS REPORTED CHANGING ONE OR MORE OF THEIR FINANCIAL BEHAVIORS. WHEN ASKED ABOUT THE KNOWLEDGE THEY GAINED DURING OUR LESSONS:- THOSE WHO SAID THEY KNEW HOW TO KEEP THEIR BUDGET RELEVANT WHEN FINANCIAL CIRCUMSTANCES CHANGED INCREASED FROM 43% TO 94%.- THOSE WHO SAID THEY KNEW HOW TO CHOOSE A BANK OR CREDIT UNION THAT BENEFIT THEM INCREASED FROM 41% TO 100%.- THOSE WHO KNEW HOW TO ACCESS AND READ THEIR CREDIT REPORT INCREASED FROM 27% TO 91%.- THOSE WHO KNEW THEIR OPTIONS FOR RETIREMENT SAVINGS INCREASED FROM 16% TO 91%.- THOSE WHO KNEW HOW TO COMPARE VARIOUS INSURANCE COVERAGE AND COSTS TO CHOOSE THE RIGHT PLAN FOR THEM INCREASED FROM 27% TO 85%.