Financial Independence

What is Financial independence?

Financial independence is the ability to make enough money to support oneself.

Financial independence is knowing how to manage ones’ own financial resources.

Financial independence is having control over and being able to make choices on how save and spend ones own money.

Financial independence is learning how to keep a healthy balance between spending and earnings.

Financial independence is financial empowerment.

 

Why is Financial independence important?

Many people stay in abusive relationships because they are dependent upon the other person for financial support. When we learn to achieve financial independence, we can make educated choices regarding staying in or leaving relationships that are not based upon financial dependence.

 

How does the SAFE through the Arts program address Financial independence?

The SAFE through the Arts program and handbook encompasses financial independence by addressing the following:

Understanding the importance of getting an education, obtaining a job, and opening up ones own bank account as the three important steps to becoming financially independent.

Learning the process of applying for a job including interviewing and how to write a cover letter, resume, and follow up letter.

Learning more about the different types of jobs and careers that are available for teenagers and adults, and how to visualize and find employment.

Learning the basics of banking including what types of accounts are available, the importance receiving interest through income-bearing accounts, and the danger of accruing debt through the use of credit cards.

How to stand up to someone who is trying to stop us from achieving our financial goals.

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