Family Finance Solutions

Helping Families Achieve Financial Goals

About This ProgramFFS

The Family Finance Solutions (FFS) program offers a variety of financial education programs to help families achieve their financial goals through Workshops, One on One Financial Counseling, Asset Building, and much more.  This program was launched over 5 years ago, reaching hundreds of participants through its Financial Literacy Academy, FFS events and workshops, One-on-One Financial Counseling and special events. All FFS programs are free, require registration, and are offered to the general public.

The Financial Literacy Academy

The Financial Literacy Academy is a six (6) week long, two (2) hours per week, program that uses the FDIC Money Smart Curriculum, teaching finance basics including creating a budget, credit building/reparing/protecting, banking & borrowing basics, and asset building.

FFS Events are offered bi-monthly in partnership with Lowell Public Schools. Each financial event boasts three to five (3-5) hour-long workshop choices on topics such as How to Create an Emergency Fund, Eating Healthy on a Budget, Steps to Investing, How to Pay for College, Debt Management, Resources in Your Community, and much more.

One-On-One Financial Counseling provides intensive financial management techniques. Attendees work with Community staff on income vs. expenses, creating a saving and spending plan that works, building, repairing, and protecting credit, debt to income ratio, financial resources, community resources, and much more depending on the client’s specific situation.

Special events include the annual Financiallyhers full day seminar that empowers women to be strong and independent financial decision makers by building their confidence and competency as it relates to their money decisions in life. Financial Literacy for High School Students teaches high schoolers real-world personal finance skills.

Individual Development Account (IDA) Program

Community Teamwork has been managing an IDA program for over six (6) years. The program has helped over twenty five (25) individuals purchase a home, two (2) individuals start a business, and six (6) individuals pay for college costs. The IDA initiative is designed to help low-income people reach self-sufficiency through asset attainment. Education and mentoring are provided through Community Teamwork’s Asset Development Coordinator, and through partnerships with local financial institutions. Financial peer support is derived through monthly IDA Savings Club meetings where participants receive additional training, build peer relationships, motivate and support one another.


  • Participants must be working.
  • Be at or below 200% of the Federal Poverty level.
  • Cannot have assets over $10,000.
  • Have a credit score of at least 680.
  • Have manageable debt (manageable debt is determined on an individual level, and will be defined by the Asset Development Coordinator).
  • Have completed CTI’s Financial Literacy Academy.

IDA participant Juliet K., who was honored at Community Teamwork’s 2011 Annual Community Action Awards, tells the audience how the IDA program allowed her to purchase a home using IDA funds and that one of program’s partners, NMTW Credit Union, helped her secure her mortgage. She praises Community Teamwork and NMTW for her success.

Volunteer Income Tax Assistance (VITA) Program

Community Teamwork has been managing a Volunteer Income Tax Assistance (VITA) program for over fifteen (15) years. Clients must qualify for the Earned Income Tax Credit to qualify for the free tax preparation services. Appointments are required. Please call  978-654-5676.

Get In Touch

155 Merrimack St.
Lowell, MA 01852

Resource Center
17 Kirk Street
Lowell MA 01852

Financial Education Center
165 Merrimack Street
Lowell, MA 01852
Get Directions

(978) 654-5725 Resource Center / (978) 654-5673 Financial Education Center / (978) 459-0551 Main
Use Our Contact Form