E-newsletters
February 2021 Update
Speaking Up to Stop The Spiral In Minnesota, licensed payday lenders can legally charge triple-digit annual interest rates. Based on our analysis of the most recent data from the Minnesota Department of Commerce, licensed lenders report an average APR of 215% in 2019. Exploitative licensed lenders, and worse still, illegal operations, have wreaked economic havoc Read more February 2021 Update
Managing Finances in Multigenerational Households
In 2018, the Pew Research Center found that more than 1 in 10 American parents were “multigenerational caregivers” because they provide unpaid care for a child (or children) under 18 years old and an adult, such as a relative, friend, or neighbor. Often, this extended family lives together under the same roof, which presents unique Read more Managing Finances in Multigenerational Households
January 2021 Update
Our Advocacy Efforts in Challenging Times It is a painful, emotional, and nerve-wracking time for those of us working towards justice. At Exodus Lending, we denounce the racist ideologies and behaviors that endanger everyone, especially people with historically marginalized identities. Following last week’s siege of the US Capitol by violent mobs and the second impeachment Read more January 2021 Update
Teaching Children about Money
Time and again at Exodus Lending, our participants share with us that some of their financial goals are to improve their money habits and be a role model for the children. Thankfully, there are many ways we can impart the importance of money to children, no matter their age! Here are some tips from Better Read more Teaching Children about Money
December 2020 Update
Oh, what a year. With reckless abandon, 2020 has forced us to grapple with the precariousness of individual and communal health. This year has shown us that no one should suffer the indignity of unjustly compromised physical, emotional, or financial wellness. Yet, hardship after hardship continues to wreak havoc on our communities, such as the Read more December 2020 Update
Give to the Max Day 2020
It’s Give to the Max Day! That’s right. It’s Give to the Max Day once again! Of course, you probably already knew that. So let’s keep this brief. By the end of today, we have a goal to raise $10,000 (including a $5,000 match) to help Minnesotans break free from predatory payday and auto title Read more Give to the Max Day 2020
November 2020 Update
Why Give to the Max for Exodus Lending? We’ll let Reuben explain: “It was just so wonderful what you did.” Following retirement from a forty-year teaching career and his wife’s death, Reuben* found himself turning to payday loans for their convenience. “It’s an easy, quick access to cash. Then, of course, that builds up.” “If Read more November 2020 Update
Pet Expenses
Pets are a significant part of our lives; pet owners often want to give them the best, but the prices of medical check-ups, grooming, and food are eye-popping! Here are some resources and tips on how to save money in various aspects of pet care, so you can give your furry family member the best Read more Pet Expenses
October 2020 Update
An Update on Our COVID-19 Response Thanks to a generous donation designated exclusively to provide direct relief to participants, Exodus Lending helped 241 Minnesotans impacted negatively by COVID-19. Since May, Exodus Lending covered $27,476 of loan payments for 190 participants and distributed $71,400 worth grants of up to $500 each to 156 individuals. Through these Read more October 2020 Update
Energy Efficiency and Weatherization
If you’d like to bring down your utility bills and make your home more environmentally friendly, it’s essential to think about your home’s energy efficiency. Energy efficiency generally refers to how well something uses energy. The home uses energy in many different ways, such as heating and cooling. In other words, the more efficiently your Read more Energy Efficiency and Weatherization