The Credit Professional Fall 2015 | Page 10

Empowering Kansans To Achieve Their Financial Dreams By Lacy Stauffacher and Alicia Marsh Financial capability cannot be guaranteed by education alone. Long-term, sustainable financial well-being is a dynamic and shifting process that requires a multifaceted approach. Individuals and families are driven by ever-changing life goals and most significantly by their financial goals. Homeownership is one of the most common financial goals households strive to achieve with the highest demand for information and support. Interfaith Housing Services, Inc. (IHS) is working toward meeting these needs for households in the state Take Control—Grow Your of Kansas. Financial Wellness The mission of IHS is to develop, promote, and implement programs which assist persons of low to moderate income to meet their housing needs. Since 1992, IHS has helped hundreds of households across Kansas. IHS currently offers a diverse set of services including rental housing, home repair, financial education, and matched-savings programs. IHS is always looking for new ways to help people and has recently expanded its financial education program to include financial capability and first-time homeownership training. Take Control is a financial wellness program designed for all levels of income to encompass the highest level of individual financial security. Through financial capability training, individuals gain the knowledge to possess positive financial behaviors, manage their resources, and make financial decisions. Take Control addresses the fundamental components through financial capability training, starting with group education that encompasses goal-and-action-oriented practices. These practices are driven by six behavior principles: visioning, maximizing income, spending, saving, borrowing, and protecting. Visioning Visioning is the process of setting goals, developing a plan to achieve them, and putting the plan in Ѽ