Poverello House partners with Bank of America for financial literacy workshops

FRESNO, Calif. (KFSN) – Men who go through the substance abuse rehabilitation program at Poverello House are not only learning how to adapt to a sober lifestyle, but clients are now learning better financial habits and how to plan their future.

The Fresno shelter says being in good financial health helps clients become successful members of society.

The Poverello House has partnered with Bank of America to help customers complete the program.

“The material is really just to help them improve their financial well-being, whether it’s the basics of banking like what is a checking account, what is a savings account, what are these items that I pay off of my paycheck all the way how to save for a car, house and retirement,” said Marisa Moore, market manager at Bank of America Fresno-Visalia.

Bank of America officials offer financial literacy workshops to about 30 men at the shelter as they walk them through the process of budgeting and managing finances.

“We have people leaving our transition facility with over ten, fifteen sometimes $20,000, so knowing what to do with that money is very important,” said Poverello House jobs developer Gavin Larson.

Clients say understanding money and learning how to succeed financially is integral to their recovery.

“Obviously in the future we’re going to be looking to rent an apartment, buy a car, buy a house and without a decent credit these days you can’t do that. This class is slowly helping us get our credit back .where he was or to build new credit so we can afford these things and allow ourselves to actually live,” ex-client Rafael Vasquez said.

Current client Brett Lucky admits the nature of his addiction was triggered by his financial irresponsibility, but the lessons he learned from the program have helped him become a healthier person both spiritually and financially.

“If I know I can afford to feed myself and pay my bills, then a lot of stress is going to be taken off my shoulders. And if I know how to be responsible about that and take care of those things, then that’s really puts me in a better position to be successful,” Lucky said.

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