Managing personal finances can be challenging for anyone, but for some, a lack of financial understanding and skill can lead to serious problems, like the cutoff of utilities or eviction. For people with mental illness, developmental disability, substance abuse or other challenges, this can be the beginning of the cycle of homelessness.
Fortunately, our Money Minders program can provide financial management services for people not capable of spending their money appropriately.
Many of those the program serves are people who struggle with mental illness, developmental disabilities or HIV/AIDS, as well as those who have children in the court system. The program is also available to private clients, such as the elderly or children taking care of elderly patients. In fact, the program regularly helps seniors in an ongoing partnership with ElderSource.
Money Minders the only program in Northeast Florida that manages Social Security checks to ensure that people’s basic living needs are met and that vendors, family members or friends are not taking financial advantage of their vulnerability. Fiscal coordinators in the Money Minders program help clients set budgets, pay their bills for basic living expenses and give them spending stipends.
In FY2015, the program served an average of 800 people each month, ensuring they were living in safe environments and getting the ongoing support they need.