No one teaches you in school about finance, taxes, budgets, or stuff like how to create a will. DCRAC offers all that—at no cost.
As early as 1995, we realized that many individuals in the United States, young and old, lack the basic knowledge required to engage in sound economic decision making, which threatens their prosperity and financial wellbeing. We taught personal budgeting and taxes to banking and business accounting, knowing that financial skills are learned—and not everyone gets to learn them at home or in grade school. Managing money is a challenge for many of the people who most need those skills.
Because so many generations of so many communities haven’t been treated fairly when it comes to financial inclusion and opportunity, there’s simply no passing-down of knowledge when it comes to opening a bank account or managing a mortgage. It can be a huge mental shift to then engage with traditional banking, even when clients understand the basic value of saving money, setting a budget, and achieving financial stability.
What's more, not everything requires an expert to deal with, or an expensive set of services. While recognizing financial education alone cannot overcome the impacts of historic and ongoing disenfranchisement of some communities, everyone needs to understand the basics of what goes on with their personal finances…and what they can do about it.
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DCRAC provides all services at low or no cost without regard to race, color, national origin, religion, gender, familial status, disability, age, creed, source of income, marital status, or sexual orientation. Please contact us for accommodation requests.