Pulaski County CES

Title:

Managing In Tough Times

MAP:

Managing In Tough Times

Agents Involved:

Lovett

MAJOR PROGRAM 1:

Managing in Tough Times

Situation:

Kentucky consistently lags behind other areas of the United States in household income indicators, including personal income, population living below the poverty line, unemployment and revolving debt loads. Pulaski County has a population of more than 63,000 residents with 16% of them living in poverty.

Long-Term Outcomes:

The Long Term Outcome is to improve family financial stability and economical well being for al clients. To help individuals and families increase their income as well as maximize income resources consumption. Clients will improve their quality of life resulting in stronger families. /clients will understand the difference between wants and needs and learn how to say "no" to items they do not need to purchase. They will learn how to make a working budget, plan weekly family menus, and receive tips for saving money from their pay check.

Intermediate Outcomes:

Client will adopt short, mid and long term financial planning strategies. They will practice one or more resource management behavior skill, resulting in increased savings or investments. They will see the importance of getting out of debt and paying off their credit cards monthly. They will begin using coupons for shopping, search for the best buys when purchasing larger items, and seek ways to reduce their monthly utility bills by practicing turning off lights, water, decreasing the temperatures in their home in the winter and raising the temperature in the summer, and other practical daily habits.

Initial Outcomes:

Participants will increase their understanding of their consumer rights and privacy protections. They will increase their financial literacy related to savings and investments. Clients will be encouraged to save percent of their pay check each pay period. They will learn the importance of saving money weekly. Participants will be encouraged to establish an emergency fund to use when emergencies occur in the family.

Evaluation:

Initial Outcome: To get our of debt; to reduce credit card debt;

Indicator: Reduction of debt and savings account opened;

Method: Communication with Client

Timeline: November 2017 and as needed

Intermediate Outcome: Debt Free

Indicator: Debt Free

Method: Following Budget

Timeline: November, 2017

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Learning Opportunities:

Audience: Low income/ low literacy adults; general public; retirees; stakeholders; community partners;

Project or Activity: Classes for interested participants;

Content or Curriculum: UK Publications

Inputs: UK Specialists, UK Publications

Date: Fall, 2017

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Success Stories