Q: How do I apply for Financial Fitness?
A: Apply by using our online application system. Remember to fill out the “New Applicant Form” before applying for any JIT services.
Q: How long until I receive notification from JIT?
A: Participants will receive a phone call or email from Program Staff no later than 72 hours.
Q: What if I apply and do not receive a phone call or email within 72 hours?
A: Staff make every effort to contact applicants via telephone or email. If you have not heard from a JIT member, please call 619-683-9340 ext. 28. Sometimes the telephone numbers of applicants are out of minutes when staff makes an attempt to call.
Q: What happens if my application is approved?
A: Once Program Staff have approved a request, we will set up an individual orientation to talk about all of the requirements for Financial Fitness.
Q: Will I need to provide any paperwork?
A: Applicants may be asked to provide verification of being in foster care as a child; pay stubs or proof of enrollment in school. On occasion, staff may ask for other documentation to process an application.
Q: What happens if my application is denied?
A: Program staff will evaluate each application individually and provide an explanation after processing. Youth may apply for program services in the future unless indicated otherwise by staff.
Q: Do I have to be working?
A: Yes, we need to see that you have some sort of income coming in. We may ask for verification
Q: If I’m in school, does financial-aid count?
A: Financial-aid only counts if you can show a strong sense of responsibility by creating a savings plan and actively searching for a job.
Q: What if I’m receiving an AB12 stipend?
A: Like financial-aid you need to show that you can create a savings plan and actively searching for a job.
Q: Does cash-aid, food stamps counts as income?
A: No, only actual earnings count as income.
Q: What happens if I don’t have a savings account?
A: If you have never participated in Opportunity Passport, JIT will help you open a savings account with Union Bank or a bank or credit union of your choosing.
Q: How much do I need to save a month?
A: As much as you want! So it can be as little as $5 or as much as $100.00, as long as you are saving and keeping a $100.00 minimum in your savings account.
Q: Will I be paired with a mentor?
A: Yes, you will be paired with an Asset Advisor who will help you with any financial questions that you may have.
Q: How will I meet my Asset Advisor?
A: Your Financial Fitness program coordinator will coordinate an introduction meeting where you will meet your Asset Advisor for the first time.
Q: Do I have to attend classes?
A: Yes, you will need to at least two of the following classes: Group Class 1- Budgeting, Group Class 2- Pay & Benefits and Group Class 3- Cash Substitutes.
Q: What is the matching component to the program?
A: The matching component is a breakdown of five modules that consist of five different matching levels. Module 1: $250.00, Module 2: $500.00, Module 3: $750.00, Module 4: $1,000.00, Module 5: $2,000.00
Q: What can I match for?
A: You may match for school, transportation, living expenses, CD accounts, retirement plans, health, fitness plans, and much more.
Q: When do I qualify to match?
A: You qualify to match after three months of consecutive savings and you have saved the same amount as the module you want to match for. For instance, if you want to match for Module 1: $250.00, you need to have $250.00 in your savings account by the time you match.
Q: What happens if I want to match for $2,000.00 and skip the other matches?
A: If you skip the other matches you won’t be able to go back and match for the previous matches. You will also need to show a savings pattern equal to the module time. For instance, if you wish to match for $2,000, you will need to show a savings pattern of at least 15 months (5 modules at 3 months each). The mission Financial Fitness is to teach a pattern of saving.
Q: How do I make a matching request?
A: You would email your Asset Advisor first and ask for their feedback and then email the program coordinator.
Q: What happens after I complete my last match?
A: You graduate from the program with a savings plan and on your way to self-sufficiency. However, you can still come to the classes and stay in touch with your Asset Advisor!
Q: Who do I contact for more information?
A: Steven Silva at email@example.com or (619) 683-9340 Ext. 28.
Q: Can I send a note of thanks??
A: Absolutely! We encourage each and every participant to write a hand-written thank you to our donors and volunteers. JIT is a small organization and, without the support of members in the community, we would be unable to provide furnishings for our young people! Contact our office so we can help facilitate.