Personal Finance

Sample Budget

BNS provides a range of financial literacy education and counseling services to residents to assist them in developing a fundamental knowledge of debt, credit, savings, budgeting and financial services. Our programs aim to equip members of the community to achieve their financial goals and support their financial stability and growth.

Financial Empowerment Program

BNS offers a free financial empowerment course to allow community members to develop a fundamental understanding of money management and to move purposefully toward their goals.

Taught by a certified financial coach, the Financial Empowerment Course focuses on four key areas:

  • Goal-setting & Budgeting
  • Banking Basics
  • Managing Credit & Reducing Debt
  • Financial Planning & Investments

BNS also provides one-on-one financial counseling support to help clients identify, target, and meet their goals. The Financial Literacy Counselor will assist clients with:

  • Setting S.M.A.R.T. savings goals
  • Establishing an active household budget
  • Reviewing credit reports
  • Addressing credit issues
  • Disputing and resolving debts

Tax Preparation

We partner with Grow Brooklyn to offer free tax prep sessions every Tuesday from 10am - 2pm from January 26th - April 11th.

Bring the following items:

  • Proof of identification (photo ID)
  • Social Security cards for you, your spouse and dependents
  • An Individual Taxpayer Identification Number (ITIN) assignment letter may be substituted for you, your spouse and your dependents if you do not have a Social Security Number
  • Proof of foreign status, if applying for an ITIN
  • Birth dates for you, your spouse and dependents on the tax return
  • Wage and earning statements (Form W-2, W-2G, 1099-R,1099-Misc) from all employers
  • Interest and dividend statements from banks (Forms 1099)
  • All Forms 1095, Health Insurance Statements
  • Health Insurance Exemption Certificate, if received
  • A copy of last year’s federal and state returns, if available
  • Proof of bank account routing and account numbers for direct deposit such as a blank check
  • To file taxes electronically on a married-filing-joint tax return, both spouses must be present to sign the required forms
  • Total paid for daycare provider and the daycare provider's tax identifying number such as their Social Security number or business Employer Identification Number
  • Forms 1095-A, B or C, Affordable Health Care Statements
  • Copies of income transcripts from IRS and state, if applicable

Youth Financial Literacy & Leadership Program

BNS hosts financial literacy workshops designed to educate youth on the essentials of money management. The course is offered in 2 tracks: Cohort 1, ages 11-17; and Cohort 2, ages 18-25. In order to help lay a strong foundation for future success, the YFLL program allows young people in our community to develop a working knowledge of economics with the hope that educating them will empower them to avoid costly mistakes.

Session topics will include:

  • The Nature of Money
  • Budgeting & Savings
  • Credit & Debt
  • Accessing Financial Institutions
  • Using Financial Instruments
  • Financial Planning for Your Future