Financial wellness is important for people with disabilities!
When people with disabilities think about financial wellness, they sometimes concentrate solely on federal benefits, such as SSI and Medicaid. However, there are other things they can also consider when building a strong financial future, such as saving for an emergency or making a budget. The Illinois Treasurer’s Office offers tools that can help people with and without disabilities as they build financial practices and skills. Read on to learn things that might help you during this Financial Literacy Month.
The FinWell Hub
Illinois residents can take advantage of the Illinois State Treasurer’s Office new free on-demand resource, the Illinois Financial Wellness Hub (FinWell Hub). FinWell Hub is accessible from a computer or mobile device and provides on-demand resources to fit people’s needs and schedules.
FinWell Hub provides budgeting tools and courses on a wide range of topics to help create a plan that supports financial needs and goals: videos, webinars, articles and infographics, and other tools on subjects such as:
- ABLE accounts
- Goal setting and budgeting
- Saving for an emergency
- Saving and preparing for education
- Retirement planning
- Managing debt
- Buying a home
- Estate planning
- Social Security
- And more!
Certified personal finance coaches are also available through FinWell Hub – for free! A certified finance coach can help assess financial situations, talk with people about their goals, and suggest resources. In addition to the on-demand materials on FinWell Hub, the Treasurer’s Office offers lunch-time livestreams. Check the Live Webinar tab for upcoming events and details.
It’s easy to get started
- Go to IllinoisTreasurer.Enrich.org.
- Create a free account.
- Complete the Financial Wellness Checkup to receive personalized recommendations.
- Start learning and building financial skills with new content every month.
Other Financial Tools for People with Disabilities
National Disability Institute
National Disability Institute (NDI) provides a breadth of resources such as articles, financial assessments, financial education curriculums, toolkits, and webinars to educate and empower people with disabilities to develop strong financial wellness. For more on what NDI provides, visit www.nationaldisabilityinstitute.org.
The Illinois Disability Benefits Estimator
The Illinois Disability Benefits Estimator helps people with disabilities better understand how their benefits may be impacted by income changes.
Learning to manage money is a process. These resources can help you keep your commitment to building your knowledge and confidence as you travel your personal finance journey.
For more information about IL ABLE, visit illinoisable.com and read the Plan Disclosure Booklet.