Frequently Asked Questions
Saving for College
I want to save money for college, what do I do?
Saving money for college can occur in several different ways. You can use savings accounts, bonds, and even scholarships. The best thing to do is start saving early. Whether you are saving for yourself or your child, our Saving for College webpage has helpful tips to get you started.
Buying a Car
Can I afford to buy a car?
First, we suggest that you determine how much you can afford to spend on a car, and then determine what kind of car you need. For more tips, read our Buying a Car webpage.
Starting a New Job
I just started a new job, what do I do?
Starting a new job can be exciting and rewarding all at the same time. And, it gives you an opportunity to verify whether the right amounts of taxes are being withheld from your paycheck. For additional financial tips to help you prepare for a transition into a new job read our Starting a New Job webpage.
Owning a Home
I have never owned a home and I think I’m ready to purchase one, what do I do?
Buying a home is an exciting part of your life! Nehemiah Community Foundation has several tips, searches, and suggestions to help you buy your home whether you are a first time buyer or not. Start with our Is Homeownership Right for You webpage. Then read our Owning and Maintaining a Home webpage for tips on how to protect an investment in a home.
Marriage
I’m getting married! How will that affect my finances?
It depends on you and your spouse’s financial history. You will want to decide certain financial matters like joint bank accounts, budgeting, and other legal documents. Review our Marriage webpage for more information.
Parenting
We’re expecting! How much money will I need to budget?
Congratulations! You will want to prepare financially for any leave you or your spouse may be taking as well as all the new baby expenses. The best thing to do is plan ahead and save money! More tips are available on our Parenting webpage.
Retirement
I’m almost at retirement age, what do I need to do to prepare?
Retirement is a time to relax and enjoy all of your hard work. In order to enjoy it, plan ahead and start saving money right away no matter how small the amount. Our Retirement webpage will help you identify your options like social security and 401(k).
Elder Care
My parents are becoming less independent, are there financial sources of support we may tap into for help?
Elder Care can be expensive, but if you know what resources are out there for you, it could reduce your out of pocket expenses. Review our Elder Care webpage for information about managing elder care costs.
Financial Challenges
After the death of a spouse, will I need a lawyer?
Depending on the circumstances, your first step may be finding or getting access to financial documents such as a birth certificate, marriage certificate, proof of military service, will, trust account and the like. For complicated estates, a lawyer may be essential. It may not be necessary for estates with few assets and heirs who communicate well. Please read our Financial Challenges webpage for more information.
I just lost my job, what do I do?
Losing your job can be difficult. But, remember, you are your own best advocate. You have many strengths and past successes. Think about them and how you may use your strengths best when looking for another position. It is also important to get your finances in order and apply for unemployment if you are eligible. For more information, read our Job Loss section on our Financial Challenges webpage.
Financial Education Programs
How do I register for your online financial education class?
To register for our Building Your Wealth financial empowerment online course, click here.
Is there a fee?
There is no fee for most of the online Wealth Empowerment articles and resources. However, some of the more in-depth financial education courses have nominal fees ranging from $20 to $70.
Homeownership
What is Down Payment Assistance?
Down Payment Assistance is a cash contribution that helps eligible homebuyers purchase an affordable home. To search for a down payment assistance program in your area click here.
How do I register for the homeownership education courses?
To register for our online homeownership education courses, click here.
Wealth Empowerment Resources
What is an Individual Development Account (IDA)?
An Individual Development Account is a matched savings account (from private or public funds) that helps low income Americans achieve a financial goal. Examples of the types of financial goals are: buying a home, pursuing secondary education, opening a business. To learn more about IDA accounts, click here.
Can you help us figure out how to recover from a financial setback?
We can give you some of the basic steps through our Financial Recovery Mini Plan.
Can you provide us with some trusted links to good financial information?
We have included some links to great financial tips and information on our website. Click here.
Which financial/ budget tools should we use to improve our financial condition?
Although we can’t provide you with the perfectly fitting tool, we can provide you with some standard and very useful financial calculators. Experiment with the calculators we have provided in our Tools and Calculators webpage for starters.
What is a Debt Buster Calculator?
It is an online calculator that helps you figure out the quickest way to pay off your existing debts. Click here to try it.
Can you provide us with any uplifting quotes and scriptures we can use to guide our way to financial freedom?
Yes! Check out our Wealthspirations and Scriptures webpage.
Where can I find definitions of financial concepts and words used on this site?
Please visit our Glossary webpage.
Young Adults and Money
I just started college and don’t know much about money, are there any tips for me on your site?
Yes. Congratulations on starting college! We have a lot of money management tips and suggestions for you to use. Visit our Young Adults webpage.
After you have finished college, you may be one of our next Nehemiah Emerging Leaders, click here for more information.
Does the Nehemiah Community Foundation offer any scholarships?
Yes we do. For more information and to see if you are eligible, please visit our Youth Prosperity Scholarship webpage.
Will calculators help with my finances?
Yes they will help! Calculators can help you determine things like how much money you will need for retirement, how much money you can afford to borrow, or how much money you need to save to purchase a particular item. Try one of our many Tools and Calculators today.
Are Money Games actual games?
Yes! Money Games are similar to video games where you get to have fun and learn about money. Games range from sports to trivia. Try one today!
Grants
How do I apply for grants?
Please visit our Grant Guidelines webpage page for more information.
Can individuals apply?
No. Nehemiah Community foundation only makes grants to eligible non-profit organizations in areas closely aligned with our giving interests.
How can I get a grant application?
Click here to access our grant application.
Who can I contact with any grant questions?
Our Contact Us webpage has the information you need.
General Questions
How do I contact you with any questions or concerns?
To contact us, click here. We appreciate any questions or suggestions you may have for us about our site.
Who is the Nehemiah Community Foundation?
For information about us, visit our About Us webpage.
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