Effective Money Management: Beyond basic budgeting, you will master techniques that shed light on the importance of a good credit score and instill in you consistent saving habits. Our sessions are designed to empower attendees to navigate daily financial challenges seamlessly.
Strategic Financial Planning: Dive deep into the realms of investment, get acquainted with retirement preparations, and arm yourself with strategies for proficient debt management. Our aim is to ensure your long-term financial security and prosperity.
Risk Mitigation and Protection: Your financial future is valuable. Learn how to safeguard your assets and secure your future earnings through a comprehensive understanding of insurance policies and proactive financial decisions.
Why You Should Attend:
Personal Empowerment: Understand and leverage money for both your personal well-being and your community’s growth. From budgeting and investing to retirement planning, ensure a fortified financial future.
Community Impact: A financially educated individual is a community’s treasure. Play a significant role in your community by positively influencing spending patterns, enhancing creditworthiness, and backing community projects.
The course outline details are also described below:
Course Outline: Each course is 60 to 90 minutes
All workshops include: Small and large group discussions,
small and large group activities, a visual aide,
and supporting handouts/worksheets for each activity
–Module 1: Setting goals and planning for large purchases.)
In this module, participants will learn and know how to navigate life events and prepare for making future large purchases, setting goals, turning goals into financial targets, and revising goals as necessary. Tools associated with this module include worksheets for goal setting and planning for life events and large purchases. Using the (S.M.A.R.T GOALS Model)
–Module 2: Saving for emergencies, bills, and goals
This module will cover the topics of emergency savings, creating a savings plan, the benefits of a savings plans, how to save money for higher education and retirement, and where to hold savings. Mentees will have the opportunity to create a budget and savings plan and open a (savings or checking) account at a financial institution of their choice.
–Module 3: Tracking and managing income and benefits
This section focuses on income, the reasoning behind pay deductions and wage garnishments, and employee benefits. Mentees will have access to worksheets that support them in tracking their income, understanding the ways in which to receive income and benefits, and teaching them how to increase their income.
–Module 4: Paying bills and other expenses
Mentees will learn about paying bills, unexpected expenses, the occasional need for stricter budgeting, bill-paying options, and more. Associated tools include a spending tracker and a bill calendar.
–Module 5: Getting through the month
This entire module centers on creating a cash flow budget or a monthly budget. Mentees will work with their mentors to create a monthly cash flow budget, calendar, and checklist.
–Module 6: Dealing with debt
In this course we will discuss debt in general (good, bad, secured, and unsecured, and how much is too much), payday loans and debt traps, and the types of debt (student loan, medical, mortgage, etc.). Mentees will have access to the following worksheets: debt, debt-to-income, reducing debt, and repaying student loans or Legal Obligation Fines (LFO’s).
–Module 7: Understanding credit reports and scores
Topics include the importance of credit reports and scores, what’s included in a credit report, and the definition of a credit score, among others. At this point in the training, students will pull their credit report with the help of their mentor and discuss. Mentees will complete worksheets on attaining credit reports and scores, a credit report review checklist, and what they, specifically, can do to build their credit history and/or improve their credit score.
–Module 8: Money services, cards, accounts, and loans: Finding what works for you
In this section we will cover the topics of finding and choosing financial products and services and managing a bank or credit union account. Mentees will complete assignments that help them understand various money services and banking basics and the various financial institutions and accounts that they are able to, and should, open.
Understanding the different types of influences in our life when it comes to money and how this impacts the decisions we make with money.
–Module 9: Intro to Money Mindsets
This section focuses on money mindsets, where they come from & how our thoughts about money influence our money habits. Tools associated with this module include a worksheet on identifying different money mindsets associated with money.
–Module 10: Money Attitudes
This module will cover several types of money attitudes, where they come from & the influence our attitude has on our money habits. Tools associated with this module include a worksheet on identifying different money attitudes associated with money.
–Module 11: Money Beliefs
This module will cover several types of money beliefs, where they come from & the influence our beliefs have on our money habits. Tools associated with this module include a worksheet on identifying different money beliefs associated with money.
–Module 12: Money Choices
This entire module centers on money choices, where they come from & the influence, our choices have on our money habits. Tools associated with this module include a worksheet on identifying different money choices associated with money.
–Module 13: Money & Culture
Mentees will learn about the many ways our culture influences our money habits. Tools associated with this module include a worksheet on identifying different types of cultural influence.
–Module 14: Money & Values
This entire module centers on our values about money and how our values influence our money habits. Tools associated with this module include a worksheet on identifying different values associated with money.
–Module 15: Money & Emotions
This section focuses on how our emotions about money influences our money habits. Tools associated with this module include a worksheet on identifying different emotions associated with money.
In addition to the guided topics and lessons above, mentors and mentees work together to identify additional hands-on activities that are necessary.