MoneytalkFF

Vision, Mission, & History

Vision

A world where everyone is financially stable.

We define financially stable as an individuals ability to manage their own money such that they can pay for their own basic needs (housing, clothing, utilities, transportation, food, and personal hygiene); pay their minimum payments in full and one time for all debts; all bills are paid in full and on time; they have savings, emergency funds, and retirement funds in place; and they do not rely on other sources for financial assistance.

Mission

Our mission is to provide basic financial life-skill education with continuing support for the underserved in a faith-based Christian environment.

History

Moneytalk Financial Foundations began as a part of a financial coaching business.  Teresa McGarry (founder & executive director) attended the Dave Ramsey financial counselor training in June 2009.  While leading Financial Peace University, one attendee requested I participate in his prison ministry.

We met with the re-entry coordinators at Lansing Correctional Facility in Feb 2012.  They stated that FPU and the FDIC’s MoneySmart programs were too advanced.  Most of their inmates have not finished high school, never held a job, never had a bank account, and struggle to read and write.  Their inmates needed something simpler and they hadn’t been able to find anyone teaching the basics.  Moneytalk was then founded.  Over the next year, the Lord gave me visions of what this ministry will be including how financial life-skills will be used to introduce individuals to God and Jesus Christ.  We received our Articles of Incorporation in Aug 2013 and our Letter of Determination 501(c)(3) status in June 2014. 

In 2013-2014, we offered classes exclusively at correctional facilities.  The classes were taught at Johnson County Corrections Juvenile Detention Center, Johnson County Corrections Residential Center, Topeka Correctional Facility, and Fort Leavenworth Joint Regional Correctional Facility (JRCF).

In 2015, we began transitioning from exclusively correctional facilities to providing classes in the community where students can use their new financial life skills immediately.  Therefore, much of the year was spent building new relationships and recreating a reputation.  We taught workshops at both correctional facilities and within another non-profit.

In the first 9 months of 2016, we taught workshops at KidsTLC; the JAG-K (students at-risk of dropping out of school) program within Turner Middle School, Turner High School, and several of the KCK school district high schools; The Single Mom KC; and Johnson County Correctional Facility Residential Center.  We began offering financial coaching services which is a customized process of teaching, guiding, supporting, and accountability for individuals or couples.

As of 2018, we are fully providing services in the community.  We are primarily providing financial life-skill workshops in area schools, within other non-profit organizations, in the community, and through financial coaching.

In 2019, we hosted our first Moneytalk Academy which is a combination of the group workshops and customized financial coaching.  This is a 6-week workshop series for low-income and poverty individuals including dinner, childcare, and graduation.  The focus for this first workshop series was basic skills including creating a vision, setting goals, money management, credit reports, and vehicle ownership.  We had a small group, but it went very well and the ladies are eager for additional workshops and services.

From our first workshop in Dec 2013 through the end of 2018, we worked with just over 3,000 students.  In 2019, we worked with 1,500 students and adults which is almost ½ of the previous 4 years put together done in one year.

In 2020, our financial life-skills workshops will continue to be in Wyandotte and Johnson counties in KS.  We will be providing financial life-skills workshops in high schools; for parents of students in Title 1 schools; as an add-on to services provided by other non-profits; in the community; through financial coaching; and additional Moneytalk Academy workshop series.