Project Promise Poverty Coalition

Analysis & Information Committee

Brainstorming Session

07/30/2009 1-4pm at Goodwill Industries

 

Introductions: Participants shared who they were and why they were brought to the table.  Participants included:

Eileen Daly

Habitat for Humanity

Ron Turner

FISC/ CCCS NEWI

Rick Sense

Community First Credit Union

Dorothy Olson

Housing Partnership

Kristi Cutts

UW-Extension Winnebago County

Christine Garstka

Catholic Charities

Dar Sengkhammee

Catholic Charities

Phil Jankowski

Lakeview Credit Union

Barb Sheraski

Community Member

Jennifer Behrens

Thrivent Financial - Fitness Club

Kathryn Arias

Community Member

Jennifer Lehner

Big Brothers Big Sisters

Mary Bloomer

Goodwill Industries NCW

Jeff Williams

Kimberly Clark

Rhonda Hannemann

United Way Fox Cities

Lyle Verstegen

ESTHER/ Circles of Support

Mito Kudaka

Goodwill Industries NCW

 

Instructions: The group created their own guidelines for the brainstorming process, including:

supportive listening

respect

speak your mind

agree to disagree

respect others' opinoins

confidentiality

assume good intentions

stay on task

don't personalize

participate

have fun

use time wisely

don't interrupt/ one mtg. at a time

trust the process

 

 

Defining the question: Why are some people who are in poverty in the Fox Valley not financially literate?

 

Possible Reasons for Financial Illiteracy: The group took time to brainstorm as many reasons as they could think of by writing their thoughts on individual post its.  Each took time to share their brainstorming results.

 

Grouping of Reasons: With the ideas given, the reasons were grouped into different categories: Skill, Opportunity, Internal Motivators and External Motivators.

 

Prioritizing of Reasons: Once ideas were categorized, the group divided into 2 smaller groups to further sub-categorize the ideas and voted on which ideas seemed to be the most probable causes for financial illiteracy in the Fox Valley.

 

Results:

Financially responsible behavior was not modeled

Financial information was not provided at the appropriate time in their life

Individuals were not aware of resources available to learn this information

Individuals have been dependent on others in the past

Individuals experience pressure to spend

Being financially responsible/accountable is not a core value