Financial Education and Outreach

Diverse family at the holiday table

Financial Success Amidst the Holiday Season

Regardless of what holiday your family celebrates, there are an abundance of gifts being exchanged during the month of December and the expense of all that gift giving can sneak up on you. If you’ve been working hard to stay on budget and gain financial stability this year, don’t let this season derail your progress. There are three things to keep in mind from now until New Year’s to stay on course to improving your financial health.
multi racial hands all in for teamwork

GetLifted Program

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We are excited to share that we have been selected to be a part of Capital One's GetLifted program! When we first heard about this program, we thought this was a fantastic way to bring financial education to the communities we serve.  In this article, we will explain all about the program, the volunteer positions we are looking to fill and how you can become a part of this exciting project!
CCCSMD Executive Team at September Board Meeting

CCCSMD Quarterly Highlights

The third quarter of 2022 brought lots of excitement and productivity to the CCCSMD team! Here are just a few highlights from the past few months.
couple buys house

How to Navigate Buying a Home with Student Loan Debt

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Consumers' first line of defense against frauds is awareness, which is why CCCSMD works to safeguard them. People most frequently associate scams with attacks on their identity or financial security, but as the amount of fraud rises, so do the attack strategies, and individual people aren't the only group being targeted. Scammers target businesses, especially nonprofit and volunteer organizations, and their actions can cause significant financial harm.

Fighting Fires and Financial Scams

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Consumers' first line of defense against frauds is awareness, which is why CCCSMD works to safeguard them. People most frequently associate scams with attacks on their identity or financial security, but as the amount of fraud rises, so do the attack strategies, and individual people aren't the only group being targeted. Scammers target businesses, especially nonprofit and volunteer organizations, and their actions can cause significant financial harm.

Saving Money with Electric Vehicles

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In addition to the fuel savings, EVs don’t require much of the typical maintenance needed for an ICE vehicle as they have significantly fewer moving parts. Electric vehicles also utilize regenerative braking to slow the car by putting energy back into the battery, which greatly reduces the wear and tear on brake pads and rotors.

Are You Living Within Your Business Means?

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The key to achieving long term financial success is to balance your investments and business expenses with your income to ensure that you’re operating within your means. You may need to invest in a variety of products, services, tools and technologies to help your business grow, but these investments should always be made with a sound budget in mind.

Planning for Car Insurance Costs and Changes in Premium Rates

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Most people don't think about car insurance until they have to and then it can be a huge shock to learn that rates went up. To help you prepare, here is some valuable information that can help you plan for car insurance costs and changes in…

Top 5 Methods for Bankruptcy Prevention

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Something urgent came up.  Someone got sick.  Something broke down. Someone lost their job.  Someone encouraged you to buy those new shoes you had to have! Then $100 of credit card debt turned into $500, and $500 turned into $1,000.  Before you knew it, your family was thousands of dollars in debt trying to recover from unforeseen circumstances. 

Board Member Spotlight – Gail Sanders

Gail H. Sanders is a native of Pittsburgh, Pennsylvania.  Upon graduating from Indiana University of Pennsylvania, she moved to Maryland to accept a teaching position.  After receiving a master’s degree from The Johns Hopkins University…

Affordable Housing Challenges – A Threat to the American Dream

One of the essential pieces of the American dream includes the opportunity to be a homeowner. This dream, for many Americans, has begun to look like a nightmare. Home and rental prices are skyrocketing, inflation is on the rise, and a pandemic we thought would soon be over is still trying to get the last word! As we live in a world filled with so much uncertainty, one thing we can always be certain of will be our need for adequate housing. And let’s be honest, it would be awesome if that housing was more affordable.
Saving for education

10 Ways to Limit Student Loan Debt

Each year as graduation season rolls around, a new crop of young adults heads off to colleges across the country where they hope to build the skills to succeed in their careers, leading to a life of prosperity. Unfortunately, many students discover that the promise of financial success from their degree is overshadowed by the heavy burden of student loan debt.
Credit Counseling

Two Personal Financial Apps that Changed our Finances

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When my wife and I began carefully budgeting four years ago, we sat down and developed a budget and a system for tracking our spending. In the old days, we may have handwritten a list to track our purchases or put cash in envelopes to use throughout the month, but this is 2022, and there are now more options available than ever for tracking your finances.

The Racial Wealth Gap – Turning Shortage into Abundance

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History tells us that differences in wealth exist between varying ethnic or racial groups and the racial wealth gap has been looming over us for centuries.  The term "racial wealth gap" refers to the difference in assets owned by various racial or ethnic groups, which results from a range of factors that affect the overall economic well-being of these different groups.

Evading and Escaping the Credit Card Trap

When used responsibly, credit cards can be very convenient and useful financial management tools. The various perks, including travel rewards, are hard to ignore; and the cash back rewards are truly free money! Credit cards also offer excellent security and protection against fraud.