Coronado Hosts Discussion on Financial Wellness for Military Families

Coronado Hosts Discussion on Financial Wellness for Military Families

Coronado, California – The Coronado Optimist Club recently welcomed Barb Fiorina from STEP (Support the Enlisted Project) to discuss the critical issue of financial wellness among military families. The gathering, organized by the club’s president, Dave Bean, focused on how poor financial habits can exacerbate issues like food insecurity, homelessness, and mental health challenges for enlisted personnel and their families.

STEP’s Mission and Impact

STEP is dedicated to improving financial wellness for enlisted service members, veterans, and their families. This initiative is crucial, as many families in the U.S. struggle with financial management, and enlisted personnel are especially affected. The organization offers various services, including:

• Financial counseling to help families create and maintain budgets.
• Assistance in paying off loans to creditors for a fresh start.
• Distribution of essential items such as food, diapers, and hygiene products from a dedicated warehouse.

Since its inception, STEP has provided assistance to over 8,545 families, issuing $2.8 million in grants to active-duty personnel and veterans. Remarkably, 94% of STEP clients do not return for additional assistance, indicating the effectiveness of their programs in establishing long-term financial stability.

Addressing Immediate Needs

Fiorina also discussed STEP’s proactive response to a recent plane crash in Murphy Canyon that impacted several military families. The organization stepped in to support 13 families affected by the tragedy, providing them with essential supplies, food, car seats, furniture, hotel accommodations, and emotional support during their difficult time.

Collaborative Efforts

In addition to their direct services, STEP collaborates with Hubble Design, a nonprofit focused on providing design assistance for homeless families. This partnership broadens the scope of support available to families facing housing instability.

Real-Life Financial Rehabilitation

During the discussion, a specific case was highlighted involving a family struggling with debt due to the aftermath of the crash. STEP helped them develop a comprehensive financial plan and paid off their loans, significantly enhancing their financial situation. Such stories reflect the organization’s commitment to providing meaningful financial solutions tailored to the unique circumstances faced by military families.

Getting Involved

Individuals interested in supporting STEP or learning more about their services can visit their website at teamstepusa.org. Donations and community involvement play a vital role in sustaining the impactful work performed by STEP and ensuring that military families receive the necessary assistance to thrive financially.

Conclusion

As the Coronado Optimist Club continues to host events focused on community wellbeing, discussions like these demonstrate the importance of financial education and support for military families. Addressing financial wellness not only aids in alleviating immediate struggles but also contributes to the overall stability and mental health of service members and their families.