Budgets, banking, loans and taxes are important pieces of the puzzle to understanding your money. DCA's OFE will show you ways to Get, Manage, Save, and Protect your money, provide important information about Debt and Credit, and help you Find a Class or Counselor so you can piece the puzzle together!
New Yorkers with Low Incomes Save $73,000 in $aveNYC Accounts DCA Releases First-Year Results of Innovative Pilot Program Individuals with low and very low incomes can and will save when offered simple and safe banking products at the right moment, according to key findings in the report $aveNYC Account: Innovation in Asset Building. The City's $aveNYC Account encouraged savings through a match program—50 cents for every dollar saved from a tax refund up to a maximum match amount of $250. Participants had to keep the account open for one year to receive match money, which came from private funding raised with the help of the Mayor's Fund to Advance New York City. Read the press release Download the report (in PDF) Learn more about the $aveNYC Account
Mayor Bloomberg Opens Three New Financial Empowerment Centers to Help New Yorkers with Money Worries New Yorkers can now access free financial counseling at the City's Financial Empowerment Centers in Brooklyn, Manhattan, and Queens in addition to the Bronx. Services are provided by professional counselors in person or by phone in English and Spanish. Opening additional Centers is one of Mayor Bloomberg's 18 initiatives to help New Yorkers face current economic challenges. Read the press release Find a Financial Empowerment Center near you