How Does The C2A Program Work?

Quick overview of how the C2A program works:

As we noted on the “Why” page, the biggest expense for our MWV young professionals is “housing”. Not just rent, but utilities, cable/Wi-Fi, insurance and so on. Easily these costs can be over $1500/month.

Participants in the C2A program are provided housing, utilities, Wi-Fi and “no cost” to them for 6 months. The C2A program requires them to save the money they would have spent on housing directly into an Emergency Savings bank account. That bank account will be in the participant’s name, but the account is monitored by the C2A program.

In this overview example, the participant would save $1500 for 6 months. That is a total of $9000 that would now automatically accumulate in their Emergency Savings account. This account will provide these young professionals with a buffer in the future to manage their career options. There is a fee that C2A collects from the participant to cover the costs necessary to run the program. Currently that fee is set at $99/month.

The housing (at no cost) is offered to these participants by amazing members of the MWV community that has a spare bedroom/bathroom, and they are willing to provide the space to these young professionals for 6 months to help them reach their goal of growing a 6-month Emergency Savings account.

The founder and his wife are among the homeowners sharing their MWV home with the C2A participants.

“Having a participant stay in our home is no doubt an inconvenience, but the financial boost we provide these young professionals outweigh that issue. They save $9000 and it really does not cost me as the homeowner any significant money.” - Mike Armstrong

If we reach our goal of 10 participants, and they each save $9000, in just 6 months we will have generated $90,000 of wealth for these young professionals. All without any significant costs to the homeowner or the participant.

No fundraising work necessary! No volunteering work necessary! Just people in the same community willing to share resources with the next generation is all it takes to generate the $90,000 of wealth for these young professionals.

We launched a pilot program in 2021 and plan to expand to 10 C2A participants in 2022.

Will you choose2advance?