Unlock Your Financial Potential with CalABLE's Financial Wellness Tips!

At CalABLE, we believe that financial literacy is a crucial skill for achieving long-term financial security, especially for individuals with disabilities. Our recent webinar focused on empowering attendees with the knowledge and tools they need to manage their finances effectively.

Key Takeaways:

Understand Your Financial Situation: Begin by assessing your income, expenses, debts, and savings to get a clear picture of your financial health. This foundational step is critical in making informed decisions about your finances.
Set Realistic Financial Goals: Whether it's saving for a vacation, paying off debt, or building an emergency fund, setting both short-term and long-term financial goals is essential. Define what you want to achieve and create a plan to get there.
Create and Stick to a Budget: Budgeting is key to managing your money effectively. Track your spending, categorize expenses, and allocate funds to essentials, savings, and discretionary spending to ensure you stay on track.
Save for Emergencies: Aim to save at least 3-6 months' worth of living expenses in an easily accessible account. This emergency fund will provide a financial cushion in case of unexpected events.

Improve Your Financial Literacy:

Educate Yourself: Take courses, read books, and stay updated with financial news. Join online communities to discuss financial topics and share knowledge.
Practice Good Financial Habits: Consistently review and adjust your budget, save regularly, and avoid unnecessary debt. Regularly setting and reviewing financial goals will help you stay on track.
Seek Professional Advice: Consult with financial advisors or counselors for personalized guidance based on your unique financial situation and goals.
Utilize Available Resources: Explore the variety of financial literacy tools and programs available online to help you succeed. From budgeting apps to educational websites, there are many resources at your fingertips.

Recommended Resources:

By implementing these strategies and utilizing available resources, you can take control of your financial future. Stay informed, stay disciplined, and watch your financial wellness grow with CalABLE!

This image is decorated with an American flag background and cartoon silhouettes of athletes with disabilities participating in sports like basketball, swimming, archery, and more. The text says ''celebrate the Paralympics with CalABLE! August 28 - September 8.''

A faded red, white, and blue gradient decorates the background of this image. In the upper left corner is a picture of CalABLE Ambassador Otto L with a golden wreath frame. Otto is a young white man with a great smile! Otto's quote says ''I loved the social media quote all the athletes posted about ‘I will not be participating in the 2024 Paralympics in Paris…I will be competing!!’ That is how I feel about my CalABLE account…I am not simply making deposits into my account, I am investing in my future!! CalABLE is not a special needs piggy bank, it’s a serious investment tool because I have seriously big plans for my future!”

A faded red, white, and blue gradient decorates the background of this image. In the upper left corner is a picture of CalABLE ambassador Jennifer O. with a golden wreath frame. Jennifer is a black woman with a great smile! Jennifer's quote says “The Paralympics provides an opportunity for differently abled individuals to show our worth and our talents in sports! I can't wait to see the Cycling events, and I am making sure that I have my Smart TV ready to have a live streaming at home -- I can't wait!!”

In the middle of this image is a screenshot of a tweet by CalABLE Ambassador Hector. It says one of the ways that I use my #CalABLE account to celebrate Team USA at the Paralympics is paying for my streaming subscriptions to view the games at USA Network. Additional text on this image says how are you celebrating the Paralympics? Share on social media!

Register for our September Webinar

White woman sitting in wheelchair with service dog next to her. Both are in front of pumpkins and other fall decorations. Text says Qualified Disability Expenses (QDEs) from 2 to 3 PM PT. In this webinar, we will explore, CalABLE basics, definition of a qualified disability expense, and qualified disability expense examples. This webinar will also feature a CalABLE Ambassador panel.

This webinar will be recorded. Please register to be notified when the recording is available.

Detalles del Seminario Web:

Gastos Calificados por Discapacidad

11 de Septiembre de 2024

2:00 PM – 3:30 PM PT

En este seminario web exploraremos:

Fundamentos Básicos de CalABLE
Definición de un Gasto Calificado por Discapacidad
Ejemplos de Gastos Calificados por Discapacidad

Meet the CalABLE Ambassadors who will be featured at the September webinar:

Ashley

Adrienne

Watch our webinar on Using Your CalABLE Account

Back to School

August and September bring many expenses related to school. Your CalABLE account can help! Haircuts, clothes and shoes, books, writing supplies, and backpacks could all be considered qualified disability expenses.