The Financial Clinic, a New York nonprofit, has created Change Machine, an online platform that other groups can use to provide financial coaching to the people they serve.
The new site helps employees work with clients to identify and prioritize their financial problems, develop a plan to deal with them, and monitor progress. Interactive lessons teach staff members how to be successful financial coaches, and the community section of the platform lets them share ideas with one another.
Besides serving nonprofits that focus specifically on financial empowerment, Change Machine is also designed for social-service groups—like job-training programs, organizations that work with ex-offenders, and domestic-violence shelters—that want to integrate financial counseling into their services, says Mae Watson Grote, executive director of The Financial Clinic.
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