‘Financial Literacy Workshop’ for Castleview Residents

ROCHESTER, MN — Many Americans struggle every day to balance their finances and avoid getting into more debt and some are to the point where it is hard to turn back. But there is a way to get back on track and some in our area are trying to help.

The Castleview Apartments are in the heart of Rochester. They are the first of their kind for the Salvation Army and house single adults who may be disabled or chronically homeless.

“This is something that helps them get back on their feet, this is a long-term facility, long-term stay here, so they don’t need to leave, but most of them want to find some way to be self-reliant, to find their footing and re-introduce themselves to their own life back out in the world,” said Dave Ferber, Director of Community Engagement for the Rochester Salvation Army.

They aim to teach those living there about healthy lifestyles.

“We teach nutrition education and we teach other kinds of self-reliance and this is just another element to add to that program,” Ferber said.

Wednesday residents are also learned a thing or two about spending and saving wisely.

“They brought up some good points trying to help us as far as budgeting out money and of course we had some input too,” said Robert Brakke, a resident of Castleview.

The topics covered included the dangers of credit cards and how to use them wisely, how to read bills and statements and how to interact with creditors.

“The Financial Literacy program is really just a next step in teaching the residents here about what to do with their life,” Ferber said. “It’s simple for some people and it’s very difficult for others to manage their money.”

Residents like Brakke say they appreciate the help.

“It was good, I’d like to see them come back again. They’re really good people,” Brakke said.

There are 32 residents at Castleview who fill all 32 apartments. Ferber says he was pleased to see 30 of those residents at the workshop which shows that they are willing to learn.

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