Please find the following resources on protecting yourself and your loved ones financially from the impact of COVID-19.
The Consumer Financial Protection Board has information
ranging from what to do if you have trouble paying your bills, are facing
income loss, or have a problem with a financial service: https://www.consumerfinance.gov/coronavirus/
FERM is a statewide effort by Cornell Cooperative Extension to help individuals and families to adopt management behaviors which lead to more secure financial situations and affordable use of resources through education and practice, including:
FERM Program Work Team (PWT) Members
Tom Hirschl, Cornell
Theresa Mayhew, Co-Chair, Community Stakeholder, firstname.lastname@example.org
Barb Henza, Co-Chair, Cortland County, email@example.com
Linda Law, Washington County, firstname.lastname@example.org
Nancy Reigelsperger, Steuben County, email@example.com
Vallie Castner, Yates County, firstname.lastname@example.org
Maria DeLucia-Evans, Albany County, email@example.com
Kenneth Earl McLaurin Jr., Tompkins County, firstname.lastname@example.org
Jackie Spencer, Tioga County, email@example.com
Susan McCormick, Orange County, firstname.lastname@example.org
Megan Young, Orange County, email@example.com
Myron Thurston III, Oneida County, firstname.lastname@example.org
Ann Gifford, Community Stakeholder
Linda Gillilland, Essex County, email@example.com
FERM PWT Mission
The Family Economic Resource Management Program Work Team (FERM PWT) exists to provide professional development support for Cornell Cooperative Extension Educators who assist individuals and households in making informed decisions that enhance their quality of life and financial wellbeing. The work of CCE Educators strengthens decision making skills while helping consumers explore options, set goals, develop and use spending plans, implement saving strategies, and obtain information needed to make informed choices that will meet their specific situations. The PWT also assists in generating and reporting out data that documents the important impact this work has on individuals, families, and communities.
FERM PWT Vision
Cornell Cooperative Extension will be recognized as the leading provider of learning opportunities for individuals and households in the areas of Consumer and Money Management Education.
Resources to Manage Debt
Cornell Cooperative Extension provides basic personal financial management education and information to consumers through a mix of classes, publications and one-on-one programs. When the circumstances require more direct intervention consumers can contact RethinkingDebt, a non-profit credit counseling agency affiliated with Consumer Credit Counseling Services of Rochester NY. RethinkingDebt has helped thousands of individuals and families deal with and work through financial difficulties. Their certified professionals provide confidential counseling, educational services and other solutions enabling their clients to meet their financial goals. Click here to get connected -- https://www.rethinkingdebt.org/
The services ReThinkingDebt offers include:
Highlighted Web Resources
Financial Security for Tough Times is a series of web pages on Extension.org that detail positive money management techniques which help families dealing with economic hardship.
The Consumer Financial Protection Bureau's (CFPB) mission is to make markets for consumer financial products and services work for Americans - whether they are applying for a mortgage , choosing among credit cards, or using any number of other consumer financial products. The CFPB offers consumers information and guidance, and a place where they can file formal complaints against financial service providers and products.
The Attorney General of New York State offers a wide variety of information on consumer issues such as used car buying tips, credit and debt management strategies, and things to know before signing oil and gas leases.
Attorney General of New York State also offers a tenants rights guide in multiple languages to help renters understand New York State renter’s right and regulations.
My Benefits offers a pre-screening tool to help New York State citizens determine if they may be eligible for certain benefits, such as food stamps.
New York Makes Work Pay provides information on entering or re-entering the workforce for persons with disabilities
The New York State Division of Consumer Protection takes consumer complaints 24 hours a day and offers information on scams, ID theft, product recalls, and more.
The Financial Literacy and Education Commission's comprehensive website is designed to teach all Americans the basics of financial education. Popular topics include planning for retirement, dealing with mortgages, and managing credit and debt.
The Federal Reserve Board's Consumer Information Page explains credit reports and scores and offers a credit card payoff calculator and other financial tools.
20 Money Lessons for Children as They Grow is a site from the President's Advisory Council on Financial Capability. This site offers a poster and suggested activities for each age group identified.
Tips for Protecting Your Privacy and Identity and Recovering From Identity Theft is a website provided by the United States Federal Trade Commission
The American Association of Retired Persons (AARP’s) website -- www.aarp.org -- is a treasure trove of information geared to Americans 50 years and above. Founded in 1958, it’s the second largest not for profit organization in the country with over 38 million members. It’s dedicated to ensuring/advocating proper housing, health care and financial security for all, especially older Americans. While their website promotes the benefits of becoming a member, it does contain much valuable information and many resources non-members can partake of in the areas of disrupting aging, aging-in-place community building, family caregiving, social security & Medicare, work & jobs and much more, including a cadre of free online classes and news articles on a variety of timely consumer topics such as lowering health care and food costs.
Last updated June 22, 2022