Program areas at CAAB
Savings programs - Caab encourages people to save money through its savings programs. These programs are offered to eligible participants who meet program guidelines. The program is a way for individuals to save money and invest in their future or the future of their family and youth. Use of funds can be for home purchase, small business, education, and children savings accounts as well as medical and burial expenses.
Eitc - the dc earned income tax credit (eitc) campaign recruits and trains hundreds of volunteers to prepare tax returns, provide savings and financial education information, and educate low-wage workers during the tax season. Many low-income families receive free tax filing assistance at dc campaign tax sites, enabling them to access tax refunds resulting from tax credits for lower income workers.
Financial education - Caab provides credit counseling sessions, and sponsors seminars and workshops on a wide range of financial topics such as: setting financial goals, developing and managing a spending plan, choosing financial products and services, understanding credit, managing debt, saving for college, understanding the basics of investing, and saving for retirement. Caab requires that ida enrollees complete the money management 101 curriculum before matriculating into the matched savings program. Caab believes this will increase savings participation and rentention rates, as well as better inform savers on the usage of their assets.