Personal Finance
Navigating Personal Finance and Avoiding Scams: Tips for Refugee Service Providers: This blog post, produced by Switchboard with assistance from the Consumer Financial Protection Bureau (CFPB), describes how service providers can help clients prevent and report fraud, identifies common scams that often affect refugees and newcomers, and shares resources to build newcomers’ financial literacy.
Understanding Taxes Part 1: Taxes in the United States: The Cultural Orientation Resource Exchange (CORE) covered different types of taxes, what taxes pay for, and how taxes are paid throughout the year. Watch the English event here. Recordings are also available in Dari, Pashto, Ukrainian, Russian, and Spanish.
Understanding Taxes Part 2: Preparing Your Yearly Tax Returns: The Cultural Orientation Resource Exchange (CORE) covered how to prepare your yearly tax return filing, including who needs to file, what documents you should have, where to get taxes completed, and how to avoid tax-related scams. Watch the English event here. Recordings are available in Dari, Pashto, Ukrainian, Russian, and Spanish.
Switchboard's latest guide, Understanding Individual Development Accounts, will assist service providers in understanding IDAs and their benefits. Asset building and self-sufficiency are important goals for newly resettled refugees in the United States. Individual Development Accounts (IDAs) can play a vital role in developing financial literacy and independence through matching funds and building assets.
Guide: Reporting Scams and Fraud to the Federal Trade Commission: This guide includes information for service providers about the Federal Trade Commission, adopting trauma-informed approaches, understanding common scams targeting immigrants, and offering additional wraparound support.
Evidence Summary: What works to improve people’s financial capability? See what the studies say about how to achieve positive financial outcomes for your resettlement clients with various interventions.
5 Ways to Support Your Clients’ Financial Wellbeing, a blog from Switchboard, looks at the importance of building trust, providing financial capability training, learning what asses-building programs are available nationally and regionally, and cultivating employer partnerships.
Personal Finance: Resources to Guide Newcomers on Measuring their Financial Well-being and Managing Money in the United States: People who are new to the United States may have many adjustments to make. Getting acquainted with the U.S. financial system can be one important component that supports successful integration.