Savvy Savers Program Offers Incentive to Those Taking Virtual Financial Education Class

(Gesher Human Services, May 16, 2023)

Southfield, MI – Savvy Savers, a free financial education program offered by Gesher Human Services and sponsored by CIBC bank, and which is designed to assist metro Detroiters become life-long savers and even begin investing, has been enhanced with an additional financial incentive. Participants in the program, which started in 2021, who attend three consecutive hour-long classes held monthly, will have any savings they accrue during that time matched up to $500. New this year, Savvy Savers will offer those participants unable to save due to financial difficulties the opportunity to receive a grant of up to $150 to help them on their savings journey. To register for this free, virtual program which has a class on Wed. May 24 at noon, email financialhelp@geshermi.org or call 248-233-4299.

The Savvy Savers classes will provide attendees information on checking accounts, evaluate which savings accounts provide the best interest returns, discuss how to begin investing with apps like Robinhood, and review how to secure Baby Bonds through the Federal Government.

“So many adults have never been taught the basics of saving and are unable to cope when they get faced with unexpected financial challenges like a car repair,” said Financial Capability Manager Laltsha Cunningham. “But an important step in the path to financial security is learning how to save and there are many simple measures that families can take to build that nest egg and begin their family’s journey to generational wealth.”

Cunningham said that since the program started in 2021, local families have faced additional financial pressures because of the pandemic and inflation, so a decision was made to now offer up to $150 to participants in the Savvy Savers program who were unable to demonstrate savings due to financial difficulties. “Our program is designed to get everyone into the mindset of saving regularly and we hope this incentive will be an added encouragement to come to our meetings,” said Cunningham.

About Gesher Human Services

Gesher Human Services is a non-profit organization dedicated to helping people across metro Detroit lead more stable and fulfilling lives through career mobility, behavioral health programs and residential services that support our community by strengthening the individual. Uniting two of metro Detroit’s most influential Jewish human services agencies, JVS Human Services and Kadima, Gesher brings over 110 years of combined experience facilitating equitable employment opportunities and better mental health outcomes for residents. With a network of more than 400 employees and volunteers across 25 locations in southeast Michigan, Gesher delivers a continuum of services and support that directly impacts the lives of over 9,000 individuals and families annually. More information at www.geshermi.org.