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Financial Management Services
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The newest division of NMHSA's Community Services Department is Financial Management Services. FMS began as a service to help our customers learn basic household budgeting techniques and has grown to include the following five main areas: To view all of our Financial Management Services, scroll down.
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Individual Development Accounts
Budget Counseling
Homeownership
HOMEBUYERS CLUB
HOME MAINTENANCE WORKSHOPS
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Individual Development Accounts
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The Michigan Saves IDA Program is a new savings program for people who want to build financial assets. We will work with you to provide the extra dollars and tools to help you build your own bright future. Open an IDA Account and every $1 you save will be matched with $2 or $3 toward one of these eligible uses: Down payment on a first home Tuition for college or vocational training Small business start-up or expansion To be eligible for the Program, you must:: Agree to save an average of at least $20 per month from your earned income.Agree to complete an educational series on financial management and asset planning. Agree to meet other IDA Program requirements as described by NMHSA's IDA Counselor.Show proof of your earned income that meets the income eligibiliy guidelines (i.e., a family of 4 can have an annual household income of up to $36,800 and be eligible). For more information on the IDA Program, call 1-800-632-7334 or
231-947-3780.
Related Links:
Council of Michigan Foundations IDA Page
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![An IDA participant stands in front of the house that she and her family were able to purchase through the program. [Click here to view full size picture]](media/commsvc/tn_mvc138s.jpg)
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Budget Counseling
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FMS staff offers Financial Management workshops and individual counseling which help participants learn how to manage their personal finances.
The Financial Management workshops are offered monthly and cover the following topics: Setting Goals Economic Literacy Budgeting Ideas Credit Repair Financial Services Planning for Your Future A schedule of the Financial Management workshops can be found on the Community Services Calendar.
Individual Budget Counseling involves one-on-one personalized sessions in which a Counselor will help a customer prepare a household income analysis and establish a money management and bill paying plan.
If you are interested in finding out more about NMHSA's Budget Counseling Services, call 1-800-632-7334 or 231-947-3780.
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Homeownership
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FMS provides Pre-purchase classes for new home buyers, Links to Home Ownership home purchase education, and counseling for both home retention and reverse mortgages for seniors (HECM).
For more information on Homeownership Counseling, call 1-800-632-7334 or 231-947-3780.
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HOMEBUYERS CLUB
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Thinking of buying a home? FREE 2 DAY WORKSHOPS Food!! Fun!! Door Prizes!! Please call to register or for more information. Traverse City: 800-632-7334 or 231-947-3780 Petoskey or Mancelona: 800-443-5518 or 231-347-9070
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HOME MAINTENANCE WORKSHOPS
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FREE HOME MAINTENANCE WORKSHOPS OFFERED IN TRAVERSE CITY, PETOSKEY AND MANCELONA Please call for information on workshop topics, dates and times. Traverse City Registration; Call 800-632-7334 or 231-947-3780 Petoskey & Mancelona Registration; Call 800-443-5518 or 231-347-9070 Day Care MAY BE available upon request, call us!
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