We’re on a mission to deliver the first debt-free generation.
What we do
Credit Do is a non-profit dedicated to making financial independence a reality for all. We create unique opportunities for purchasing food, clothes, school supplies, and other essential goods in exchange for doing social good.
Think of them as Smarter Barters™.
By leading relief efforts that meet their community's specific needs, participants earn credit to local businesses and cash contributions that jumpstart their savings accounts.
Freedom from debt is the freedom to
3 steps to leading a debt-free life:
We partner with financial literacy organizations to teach the fundamentals of managing money.
We empower people of all ages with opportunities to work for what they need.
We provide individuals with savings accounts for continuing their financial growth.
Why Learn, Work, Save?
High school students who take a personal finance course before graduating achieve, on average, higher savings rates and net worth.
Early work experiences build self-confidence, reward time management skills, and help demonstrate what it's like to make a living.
A student with a savings account is 4 times more likely to go to college — 6 times more likely if the account is in their name.
Saving takes work.
30% of antsy toddlers agree.
We all know that saving is the smart thing to do, but that doesn’t make it any easier.
For example: would you rather eat one marshmallow now, or have two in ten minutes?
Of the kids who took part in the original Marshmallow Tests, only 30% were able to stop themselves from springing for the marshmallow. Their resilience proved to be a strong predictor of success: the same 30% tended to earn higher grades, incomes, and savings rates later in life.
A majority of Americans don’t have a savings plan, and more than half live paycheck-to-paycheck.
Buying a car...
At 13, Paloma decides to deposit $25 into a savings account at the end of every week.
At 13, Paloma lacks the opportunity to start saving up.
At 23, she buys a $13K car for getting to and from her new job. Paloma's salary allows her to increase her savings to $400 per month.
At 26, she's gained another $14K in savings at 2% annual interest.
At 23, she takes out a $13K auto loan from the bank to buy a car.* They collect $400, plus fees, from Paloma every month for 3 years.
At 26, she’s finally debt-free.
Our programs are designed to help people of all ages earn their financial independence.
Here’s how they work:
Learn how to make a basic budget, balance spending with saving, and prepare for some of life’s biggest financial decisions — including the smaller ones that add up quickly.
By teaming up with the Council for Economic Education, we’re bringing financial literacy programs to classrooms across New York City.
Work on a Credit Do project and earn a minimum of $10 an hour in credit to a local business. In each project, participants:
Lead a work service project organized by Credit Do to help those in need.
Our food drives currently benefit City Harvest food shelters, with more partnerships underway.
We customize every project to meet a neighborhood’s most pressing needs.
Earn a minimum of $10 an hour in credit toward purchasing life essentials.
Buy food, clothes, school supplies, and other goods from local businesses that sponsor your Credit Do project.
Flex their newfound skills to make the most of what they earn.
Compete in teams for extra credit — meaning more credit toward purchases — by creating budgets that stretch your team’s combined credit the farthest.
For every dollar in credit you earn, save another toward your future education.
With a donation from businesses in Credit Do's Needs-Matching Network, every participant receives a minimum $50 deposit into their personal or educational savings account. If they don’t have one already, we partner with financial institutions to open an account in their name.
good. Earn greatness.
Smarter Barters allow our participants to work for what they need while meeting the needs of their community.
Our classic Smarter Barter. Students run a food drive hosted by their local supermarket, which matches their hard work with credit towards groceries, clothes, and school supplies. This exchange benefits everyone: supermarkets support the same families that have always supported them, while food shelters receive hundreds of meals for those in need.
Participants build affordable homes for New York families by joining forces with a housing nonprofit. In return, they earn credit toward home improvement supplies from Credit Do’s retail partners, plus matched contributions to their savings accounts.
It all adds up
After Credit Do identifies a community need, we mobilize the organizations in our network that are uniquely qualified to help.
Together, we’ve delivered thousands of meals to food shelters, supported local businesses, and given students new opportunities to provide for themselves by providing for others.