Success StorySpending Leaks: Where Does My Money Go
Spending Leaks: Where Does My Money Go
Author: Lynnette Allen
Planning Unit: Breckinridge County CES
Major Program: Securing Financial Stability (general)
Plan of Work: Providing opportunities and resources to educate families on financial management
Outcome: Initial Outcome
Spending Leaks: Where Does My Money Go
To support the recovery process for families that are struggling with substance abuse and incarceration, the Breckinridge County Extension Family and Consumer Science Program reaches out to the local detention center to provide family resource management classes for men in a mandated substance abuse program. The majority of the participants are fathers and/or husbands who have identified money management as a need. The curriculum Where Does My Money Go was utilized to provide the framework for the discussion and learning activities to teach needs versus wants, personal spending and saving habits, budgeting and SMART goal setting for family resources. Forty participants completed post program surveys and stated that they could have more money if they made different spending choices. More than 95% reported they would do things differently in the future by spending on needs before wants. After adding up the cost of personal spending leaks, one participant stated, “this class has opened by eyes to being more responsible with my money and spending.”The Where Does My Money Go program is helping to build a community of support for recovery and is helping men to build life skills to support themselves and their families in a positive way.
Stories by Lynnette Allen
Nurturing Families in New Ways During the Pandemic
The impact of Covid 19 is still being determined as families are gradually returning to normal. Over... Read More
Kentucky Saves Week 2021
Kentucky Saves is led by the University of Kentucky Cooperative Extension Service as part of the nat... Read More
Stories by Breckinridge County CES
Ripple Effect Mapping in Breckinridge County
On October 12, 2020, Breckinridge County 4-H leaders hosted a community development program designed... Read More
Youth Livestock Shows during a pandemic
Youth Livestock Shows during a pandemicThe volunteers in the area really came together to make sure ... Read More
© 2024 University of Kentucky, Martin-Gatton College of Agriculture, Food and Environment