Budget Buddies, Inc.
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While the Massachusetts economy has improved strongly since the height of the Great Recession in 2008, the number of homeless families in the state has doubled, according to a 2017 report by the Boston Foundation. This rate is among the highest in the nation. Speaking to that need, Budget Buddies was founded in 2009 to empower low-income women through financial literacy. We seek to reduce the number of women and their families who live on the economic margins by improving their financial skills, behavior, and confidence. Serving low-income women through partnerships with local social service agencies, we help program participants gain greater economic stability, sustained employment, increased educational opportunities, and better housing security. Our unique, six-month comprehensive program of financial education tailors assistance to each participant’s needs in a highly practical and sustainable way. “Buddies” and volunteer coaches attend 10-12 workshops together that build basic money-management skills and encourage financial self-confidence. Coaches reinforce classroom instruction and solve individual financial issues through regular, face-to-face meetings with their buddies. Since implementing our first program in 2010, we have run 50 programs in partnership with 25 agencies and trained nearly 350 Coaches to mentor more than 450 women.
Organization Size:Small: 500K-2M USD
Coverage Areas:Lowell, MA, USA | Lawrence, MA, USA | Boston, MA, USA | Sudbury, MA, USA | Nashua, NH, USA |
Accreditations:Power of Change Award, Rotary Club of Nashoba Valley, 2017 |Innovator, Social Innovation Forum, 2016 |Honoree, YWCA of Greater Lawrence‘s Tribute to Women, 2016 |Nonprofit of the Year Award, Enterprise Bank, 2014, 2016 |Founders Anita Saville and Kathy Brough nominated for “The Greater Lowell Woman of the Year”, 2016 |Unsung Heroines Award, Massachusetts Commission on the Status of Women, 2014 |Splash! Award, Center for Women and Work at the University of Massachusetts at Lowell, 2013 |Greeley Award of Excellence, Jericho Road Project for program evaluation, 2011