E-newsletters
March 2020 Update
Learning from Our Participants Last month, we hosted our first listening session with program participants, with the hopes of learning how to improve our current and future systems. In a small group setting, several participants shared their honest opinions of their experiences with our program. We are incredibly honored to work with such thoughtful, passionate Read more March 2020 Update
50/30/20 Budget
The 50/30/20 budget breaks down all your expenses into three broad categories: needs, wants, and savings. For budgeting beginners or those looking to avoid tracking every single transaction, this method can simplify personal money management in the present while still preparing for future needs and wants through savings. First, allocate 50% of your income to Read more 50/30/20 Budget
February 2020 Update
Payday Lending in Minnesota Payday lending should be illegal. That’s what we’ve been preaching for years. Why? Because lenders intentionally design their products to trap individuals experiencing financial hardship. Unfortunately for Minnesotans, payday lending is legal in Minnesota. Why? Because our elected officials in Minnesota allow it to be. Fortunately, we have the power to Read more February 2020 Update
How to Improve Your Credit
While limited credit access is a systemic issue, it is still important that individuals take small steps whenever possible to improve their credit. Here are four steps you can take to start this process. Step 1: Read Your Report Once you understand the difference between credit scores and credit reports, request your credit report from Read more How to Improve Your Credit
January 2020 Update
2019 Growth Thank you for helping make 2019 a huge success! This time last year, our team set a lofty goal to help 150 Minnesotans, a 50% increase from 2018. We’re thrilled to share that we hit that goal with 151 enrollments in 2019 – an all-time high! With this sustained growth, we’ve also hit Read more January 2020 Update
Talking with Family and Friends about Money
At Exodus Lending, we believe in the power of story-telling. Sharing your story is compelling – even if it’s a little scary. But talking about money? Downright terrifying. Money is one of the most challenging topics of conversation. But there is power in speaking up, and these strategies can help you begin talking about money Read more Talking with Family and Friends about Money
December 2019 Update
Thank you for all your support! We’re celebrating another year of growth and advancement toward our goal of economic justice! At Exodus Lending, we firmly believe that everyone deserves access to safe, affordable credit options. However, some lenders do not agree. Predatory lenders snatch away a sense of financial well-being from countless borrowers. Many Minnesotans like Read more December 2019 Update
Supporting your Loved Ones Financially
For many families, winter holidays bring opportunities to celebrate with family. This time of year may also be emotionally draining, especially if the subject of money is brought up and your are expected to begin or continue supporting relatives financially. If a family member is experiencing a financial crisis and turns to you for help, Read more Supporting your Loved Ones Financially
November 2019 Update
It’s Give to the Max time in Minnesota! Starting NOW through the end of the day on Thursday, November 14th, we have a goal to raise $3,000 plus another $3,000 in matching funds to bring us to $6,000 in total. With $6,000, we can help 6 participants through our interest-free refinancing program. For more than 370 Minnesotans, our interest-free refinancing program is a gamechanger. People like Read more November 2019 Update
Financial Resources in Minnesota
Payday loans are often only a sliver of someone’s financial reality. Regardless of what hardship you may be facing, you are not alone, and someone can help. Before your next emergency occurs, identify where you can go and who you can talk to when you need additional support or guidance. Before your next emergency occurs, Read more Financial Resources in Minnesota