Participants will not only learn the importance of evaluating their spending habits, but how to create a spending plan that best fits their lifestyle. Participants will be introduced to the spending plan process and will explore expenses related to major expenditures.
Participants will explore the difference between savings and investing and why they are an essential part of financial planning. Participants will learn how to utilize the time value of money to its greatest advantage while saving and investing money. Participants will also learn the importance of goal setting and process to follow when saving and investing.
Participants will learn the difference between a credit report and a credit score, as well as how to interpret a credit report. Participants will also learn how their credit history affects their credit score and they will explore the importance of having a positive credit history, and how to build and maintain positive credit history.
Participants will learn what a credit card is and how it is different from other types of credit. Participants will explore the advantages and disadvantages of using a credit card and its effects on an individual’s credit history. They will also learn how to analyze credit card offers and read a credit card statement.
Invest in Yourself
Participants will explore how values, needs, wants, and goals affect an individual’s financial situation. Participants will also discover the importance of setting goals and learn how to write a SMART goal.
Fraud & Identity Theft
Participants will learn how identity thieves obtain and use their personal information to create harm. Participants will also learn how to minimize the risk of identity theft, detect identity theft and minimize loss if identity theft does occur.
Jobs & Paychecks
Participants will learn what taxes are and how taxes are deducted from their paychecks. They will also explore three different paycheck payment methods and learn how to read a paycheck stub.