Money Management Program
Need some financial direction? Click here to learn about our financial advising and money management services!
Financial direction for stability and peace of mind.
As an older Vermonter, we promise to work directly with you to find stability and peace of mind. Whether you choose our Money Management Program or our Representative Payee Program, we can ensure a financial direction that is right for you.
Money Management Program
SVCOA’s money management program partners trained bill payer volunteers with low income clients who have trouble managing their financial affairs. The first meeting generally consists of the bill payer and client working together on a budget. Monthly, the trained volunteer organizes bills, writes checks, and assists in sending payments out in the mail, as well as reconciling the checkbook. All volunteers have passed required background checks, and are fully insured.
Representative Payee Program
Authorized by the Social Security Administration, as well as the Vermont Department of Disabilities, Aging, and Independent Living, SVCOA’s Representative Payee program is designed to administer the financial benefits for a beneficiary, who, due to mental or physical impairment, as confirmed by a medical provider, is unable to receive and manage these funds themselves. The goal of SVCOA’s Representative Payee program is to provide immediate financial stability, and over time, a greater sense of financial security and well-being for the client. Beneficiaries involved in the SVCOA Rep Payee program are ensured that the need for food, shelter, clothing and medical care are met with the freedom of using their personal allowance to remain independent and in the setting of their choice.
For more information about SVCOA’s Money Management Program, call the SVCOA HelpLine at 1-800-642-5119.