SmartMoney is a financial program designed to provide low-income families with access to affordable financial services. It offers a variety of services, including financial education, credit counseling, and matched savings accounts.
SmartMoney has been shown to be an effective tool for helping families improve their financial well-being. A study by the Center for Financial Services Innovation found that SmartMoney participants increased their savings by an average of $1,000 over a two-year period. They also reduced their debt by an average of $2,000.