Community-based financial planning

Community-based financial planning is a collaborative approach where members of a community work together to assess their collective financial goals and resources. It involves local stakeholders sharing knowledge, identifying financial needs, and developing strategies to improve economic stability and well-being. This approach emphasizes local input, cultural relevance, and mutual support, ensuring that financial solutions are tailored to the community’s unique context. By leveraging community networks and resources, it aims to promote financial literacy, inclusion, and resilience, ultimately empowering the community to achieve better financial outcomes for individuals and groups within it.