Boost Your Financial Power with Grow Brooklyn
What is financial capability?
It means having the knowledge and confidence to manage your money wisely—budgeting, saving, building credit, and making plans for your future.
How is it different from financial literacy?
- Financial literacy is knowing how money works.
- Financial capability is using that knowledge to make smart choices every day.
Why should I care about financial capability?
Because it helps you:
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Stay out of debt
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Save for emergencies
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Build credit
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Reach big goals like going back to school, buying a home, or starting a business
I don’t make much money. Can I still improve my finances?
Yes! It’s not about how much you make—it’s about how you plan and use what you have. Even small steps can lead to big changes.
What can Grow Brooklyn help me with?
We can help you:
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Make a budget
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Build a savings plan
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Understand and improve your credit
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Get ready for homeownership
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Navigate financial challenges like debt or back bills
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Access public benefits you may qualify for
What are some common things people like me want to save for?
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Emergency fund (3–6 months of expenses)
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First and last month’s rent
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Moving costs
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Tuition or vocational training
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Car repairs or purchase
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Childcare
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Medical or dental procedures
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Immigration fees
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Back taxes
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Business startup costs
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Funeral or estate-related expenses
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A family trip or special celebration
Is this service free? Can I still get help if I’m undocumented? What if I don’t have a bank account?
- Yes! All our financial capability services are completely free to eligible NYC residents.
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Yes. We can show you safe ways to build financial stability and access services, even if you’re undocumented.
- You can also consult with our affiliate Brooklyn Cooperative Federal Credit Union (Brooklyn Coop), or we’ll help you find another trusted bank or credit union near you that offers safe, affordable services—no surprise fees or shady fine print.
Meet Our Financial Capability Allies
We collaborate with trusted organizations to bring you more resources:
- Brooklyn Cooperative Federal Credit Union – Safe, fair banking and loans
- Financial Beginnings – Financial education for all ages
- FDIC Money Smart – Easy-to-understand financial tools
- Community Service Society of New York – Benefits access and advocacy