Asset Building
Knowledge of key financial concepts and skills, along with access to safe, affordable banking services, fosters greater financial stability for people and communities. - FDIC Website
Financial Assets
MAHUBE-OTWA provides a variety of programs and assistance to help families gain financial literacy, increase assets, and decrease debt.
- These tools can help you locate a bank in your area and learn why you should open a bank account: BankFind (fdic.gov) and #GetBanked
- MAHUBE-OTWA offers the FAIM matched 3 to 1 savings program that allows participants the opportunity to use savings to pursue a college education, to buy their first house, start a small business, or purchase a car.
- Interested in learning about budgeting and financial independence? MAHUBE-OTWA can offer you help with your financial literacy.
- Worried about credit card, student loan or other debt LSS Financial Counseling (lssmn.org) x
- Free Credit Reports | FTC Consumer Information
- Learn the 5 building blocks for growing and managing your money - Earn, Save & Invest, Protect, Spend, and Borrow: MyMoney.Gov - MyMoney Five Home
- Parent/Caregiver Guide for Kids to learn about money smart: FDIC: Learn Money Smart For help with your Financial Assets
Physical Assets
Obtaining and maintaining the homes we live in and the vehicles we drive are two of the typically most expensive purchases people will make throughout their lifetime. That’s why it’s important to ask for help.
- MAHUBE-OTWA coordinates local contractors who provide home and chore support services that help seniors and disabled persons live independently. Services include yard work, snow removal, and house cleaning.
- Energy Assistance helps renters and homeowners pay their heating bills and reconnect heat in the event of a shutoff. The program can also provide emergency repair and replacement of broken heating systems. The Energy Assistance Program / Minnesota.gov (mn.gov)
- Weatherization provides home improvement and repairs to help lower energy costs and improve energy efficiency. Services include attic and insulation repairs, furnace and water heater repairs and replacements, and reduction of air leakage. Weatherization Assistance Program / Minnesota.gov (mn.gov)
- Automobiles: New or Used – Buy or Lease For help with your Physical Assets
Social Capital
Humans are social creatures – we live in community. Our social networks provide so much value that they are sometimes called “social capital”. A strong social support network can be critical to help you through the stress of tough times; the lack of social support can lead to isolation and loneliness.
- What does social capital look like? A coffee break with a friend, a chat with a neighbor, a phone call to a relative, a visit to a house of worship or volunteer work are all ways to develop and foster relationships with others.
- MAHUBE-OTWA works with individuals and families providing relationship-based coaching and emotional support to help you build your network of social capital.
- MAHUBE-OTWA offers volunteer and mentorship programs.
- Social support: Tips to beat stress - Mayo Clinic
- How Do Our Social Networks Affect Wellbeing? | Taking Charge of Your Health & Wellbeing (umn.edu)
- Why Personal Relationships Are Important | Taking Charge of Your Health & Wellbeing (umn.edu)