Financial Coaching in ECE Pilot
WESI’s first pilot, Financial Empowerment in Early Care and Education integrated financial coaching into early care and education programs throughout the Philadelphia region. Through the pilot program, coaches empowered center directors, employees, and parents/caregivers with long-term, goal-oriented, structured support that paved the way for sustained behavioral change and financial capability. With funding and oversight from WOMEN’S WAY, the pilot program was implemented by First Up and Urban Affairs Coalition’s PHLPreK team, each of whom hired one coach.
“Working with Alicia over the past couple of months has greatly improved my confidence in how I manage my individual finances. I believe that I am on the right track with how I manage my time and money in order to gain personal financial success. More specifically, she has helped me learn how to create a budget and how to realistically stick with that budget. I am very fortunate to work with her and believe that this personal financial coaching has helped me to achieve my current financial goals, and will continue to help me achieve any goals set in the future.”
-Financial Coaching Client
Click here to read the 1st Year Pilot Report.
Financial Coach Training Program
After seeing great results from the Financial Coaching in ECE pilot program, WESI stakeholders sought to expand its reach so that more organizations in the region could incorporate financial coaching into their existing services. We decided to underwrite a Financial Coach Training Program to empower partner organizations in the region that serve women and girls. The program will train staff of these organizations to become financial coaches as well as provide a learning community and technical assistance to help them with successful integration. Thanks go a generous grant from BLBB, we hope to reach 15,000 more women in the region by the end of 2023.
PECO First Sunday Partnership with Barnes Foundation
WESI will partner with the Barnes Foundation during their PECO Free First Sunday Family Day 3-4 times per year in order to build awareness of economic, educational, and leadership disparities among women and girls and highlight the resilience and resourcefulness of women experiencing economic insecurity. The first event will occur on November 1st, 2020 and the theme will be “Women’s Work: What work is out there? How is it valued?” The day will feature a piece of performance art devised by a group of women with lived experience from Crossroads Women’s Center in partnership with a local artist. There will also be a panel discussion focused on this theme.
Change the Narrative Fellowship Program
WESI’s Change the Narrative Fellowship Program seeks to change the predominant narrative by using a women-led, bottom-up, intersectional approach that focuses on the voices and stories of diverse women with lived experiences of poverty. The fellowship will train and empower 10 women with the lived experience of economic insecurity to share their personal stories through professional-level audio, visual, and print. The purpose of the program will be to generate awareness of racial and gender inequities in economic opportunity and spur actions among the public and private sectors that improve economic security in the Philadelphia region. Ultimately, fellows’ stories will be widely promoted and easily accessible through partner organizations, and fellows will convene with journalists, policymakers and philanthropists to identify actions to improve economic security of women and their families. It is anticipated that the fellowship program will be launched no later than early 2021.