Program Timeline

2009

  • CAHS launched the CT Money School (CMS) in partnership with 5 nonprofit agencies including United Way, 211, and Money Management International to provide financial education workshops at community organizations for low-income adults and seniors across Connecticut.

2011

  • CMS expanded its service to provide a bilingual version “La Escuela De Dinero” to attract low-to-moderate income Spanish-speakers.

2012

  • CAHS and Inceptia partnered to launch Financial Avenue, an online financial education platform, offering free money management classes online.
  • CMS expanded its service to launch Bank On CT, a partnership between CAHS and community banks to help unbanked and underbanked people open safe checking and savings accounts. CMS workshops focused on information about banking products and services and participants were introduced through a “warm handoff” to banking partners in the communities served.
  • CMS and the Department of Social Services launched a 2 year project to provide financial education and coaching for TANF recipients across Connecticut.

2013

  • CMS adopted new curricula for community workshops, improved the overall quality of the program materials, and developed evaluation tools to measure financial knowledge, financial confidence, and financial intent.
  • CMS, Points of Light Foundation, the Corporation for National and Community Services (CNCS), and Bank of America launched the Financial Opportunity Corps project which provides low-income individuals and families across Connecticut with volunteer financial coaches to help them reach their self-defined financial goals.
  • CMS launched the Professional Development workshops for librarians and other community groups throughout the state

2014

  • CMS recruited and trained a cohort of 40 volunteers and entered into partnerships with more than 30 community agencies across Connecticut.
  • CMS and the Bureau of Rehabilitative Services’ Connect to Work program launched a 2 year project to provide financial education and financial coaching for low-income persons with disabilities.

2015

  • CMS currently works with dozens of community partners and volunteers to provide hundreds of low-to-moderate income individuals and families with services.  To date, CMS has served close to 5,000 people with financial education, financial coaching, and professional development services throughout Connecticut.