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Financial Literacy Resources

Financial Literacy Resources






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    Financial Literacy Resources Financial Literacy Resources Presentation Transcript

    • Financial Literacy Trainings Provided by WorkFirst Partner Agencies (Does NOT Include Contracted Services) Rg Name of the Time Brief Description Provider Referral Criteria Service Frames 1 Personal Skills Financial Utilizes SNAP (Spokane Neighborhood Action Program) to offer "Personal Financial Skills Spokane Community Colleges; Classes are once per week during the noon WF eligibility criteria Training Training" to students who attend Spokane Community, Career hour. Community College. Students also have the & Employment option of one-on-one assistance. Services 509-533-8009 To view a current schedule of Life Skills classes, 1810 N. Greene click here. Street, Spokane, WA 99217-5399 1 Budgeting & This program offers financial counseling and Neighborhood Assets Monday & Thursday, Free and open for Money credit union services for people who 212 S. Wall, 1:30 - 4:30 pm, public, no referral Management need help managing their money, Spokane, 99201 or by appointment. necessary are using high cost financial services, need and want a bank account. (509) 456-7378 A SNAP partnership with Numerica Credit Union and Washington State Employees Credit Union. 1 Work Place A four-week, modularized class in financial Wenatchee Valley Four one-week WF parents with no Basics planning and customer service. This course College modules with any success in JS, or combines training in personal finance with Monday as a start determined through customer service education. It has been used in (509) 682-6908 date. CE to be unlikely to WorkFirst program for one year, and is strongly succeed in JS, and supported by agency partners. It serves as a Customized Job foundation for Customized Job Skills Training, and Skills Training as preparation for Job Search. participants. 1 Homebuyer Provides information and education to potential Spokane Home Monday - Friday, Free and open for education homebuyers and offers homebuyer education Ownership Resource public, no referral seminars, seminars, pre-purchase counseling, and referral Center (SHORC) 9 a.m. – 5 p.m. necessary services. Non-profit Varies. pre-purchase organization counseling, SHORC has recently launched the Get Checking Contact: (TM) Program that provides education on 5813 E. 4th Ave., (509)343-7472 1
    • and referral budgeting and responsible financial practices. This Suite 102, Spokane services program is for individuals who Valley, WA 99212 have had problems in the past with checking accounts or never had a checking account. After fulfilling the course requirements, participants will work with participating financial institutions to establish an account that works for them. 1 Financial Classes provided for people with the goals of North Columbia Offered at different Free and open to Literacy classes buying a home, going to college or starting a Community Action times, days and public, but Dawnel business. Council / locations in asks to call / e-mail Tax preparation WorkSource Moses Grant, Adams and and register first. Budgeting Lake, Lincoln counties Building, fixing or maintaining credit Setting goals Dawnel Hutsell Fair housing (509) 765-9206 ext. Renting 240 Financing or e-mail at Real Estate dawnel@nccac.net. Home Maintenance 1 Bankruptcy Clients may meet one on one with a bankruptcy Spokane County Bar By appointment Free and open for Information attorney to go over their Chapter 7 bankruptcy Association Contact: public, no referral Clinic filing paperwork and receive counsel and advice Volunteer Lawyers Janette Smith at necessary on next steps. Program 1704 West Broadway (509) 324-0118 No Chapter 13s. Ave, Spokane 1 Consumer Consumer Credit Counseling Services of Inland Consumer Credit By appointment Free and open for Credit Northwest provide confidential one-on-one credit Counseling Services public, no referral counseling and budget counseling with certified counselors. of Inland Northwest (866) 346-2227 necessary 1912 North Division, Suite 100, Spokane, WA 99205 2
    • 1 Consumer An advisory service for consumers about buying on Consumer Credit By appointment Free and open for Credit credit and handling credit problems. Counseling Services public, no referral counseling of Northern Idaho (208) 746-0127 necessary When a person's monthly obligations exceed 1113 Main St., Credit income available for debts, CCCS can often help Lewiston, ID 83501 Report counseling develop a plan with creditors. Linda M. Emerson Credit When Self study has 12 chapters, an open book test for Credit Is each chapter. Send in tests and pass course, you'll Due receive a certificate and 3 cards to send to 3 major Credit Bureaus. They'll note you took the class. 1 Financial Adult education program for people with little or YWCA YWCA customers, Literacy Class no banking experience to help adults outside the 300 Min St. St. WorkFirst parents financial mainstream Lewiston, ID including Payee 208-746-1535 clients 1 Financial Adult education program for people with little or Community Action Lewiston, ID Free and open for Literacy Class no banking experience to help adults outside the Agency 208-798-1831 public, no referral financial mainstream necessary 124 New 6th St, Pullman Lewiston, ID 209-334-9147 Colfax 509-397-2205 1 Consumer An advisory service for consumers about buying on Consumer Credit By appointment Free and open for Credit credit and handling credit problems. Counseling Services public, no referral counseling of Yakima Valley Karin Smith (509) necessary When a person's monthly obligations exceed 765-6599 Credit income available for debts, CCCS can often help 821 W Broadway Report develop a plan with creditors. Ave, Moses Lake, counseling WA 98837 3
    • Credit When 230 Methow St, Credit Is Self study has 12 chapters, an open book test for Wenatchee, Due each chapter. Send in tests and pass course, you'll WA 98801 Sheri Bailey receive a certificate and 3 cards to send to 3 major Credit Bureaus. They'll note you took the class. (509) 662-0936 Available in English & Spanish. 2 Region 2 Money Management Resources http://region2csd.dshs.wa.gov/Money/Money.htm Credit When Self study has 12 chapters, an open book test for 401 Mountainview, By appointment Free and open for Credit Is Due each chapter. Send in tests and pass course, you'll Ellensburg, WA public, no referral 2 receive a certificate and 3 cards to send to 3 major 98926 1-800-273-6897 necessary Credit Bureaus. They'll note you took the class Consumer Consumer Credit Counseling Services of Yakima Consumer Credit By appointment Free and open for Credit Valley, Inc provides confidential credit counseling Counseling Services public, no referral counseling of Yakima Valley, 1-800-273-6897 necessary with certified counselors. When a person's monthly obligations exceed income available for debts, Inc. CCCS can often help develop a plan with creditors. Geoff Baker 1115 West Lincoln 2 Credit Self study has 12 chapters, an open book test for Ave. Yakima, WA (509) 248-5270 When each chapter. Send in tests and pass course, you'll 98902 Credit Is receive a certificate and 3 cards to send to 3 major Due Credit Bureaus. They'll note you took the class. Available in English & Spanish. Certified Credit An advisory service for consumers about buying on Consumer Credit By appointment Free and open for Counseling credit and handling credit problems. Counseling Services public, no referral 1-800-201-2181 of Tri-Cities necessary 2 When a person's monthly obligations exceed 401 N Morain, Laurie Tufford, (509) Kennewick WA income available for debts, CCCS can often help 737-1973 99336 develop a plan with creditors. Guardianship Provides guardianship and financial management. Lifetime Advocacy (509) 248-9810 Free and open for for Plus public, no referral 2 Developmentally 6 S. 2nd Street necessary Disabled Yakima, WA 98901 4
    • Credit When Self study has 12 chapters, an open book test for Banner Bank By appointment Free and open for Credit Is Due each chapter. Send in tests and pass course, you'll Community Room public, no referral 2 receive a certificate and 3 cards to send to 3 major Sunnyside, WA 1-800-273-6897 necessary Credit Bureaus. They'll note you took the class 98944 Credit When Self study has 12 chapters, an open book test for Consumer Credit By appointment Free and open for Credit Is Due each chapter. Send in tests and pass course, you'll Counseling Services public, no referral 2 receive a certificate and 3 cards to send to 3 major 5 West Alder, Suite (509) 525-2132 necessary Credit Bureaus. They'll note you took the class 240, Walla Walla, Family Literacy Utilizes Balancing Work & Family, and FDIC Walla Walla Quarterly- WF parents with no Work Money Smart curricula, integrated with EFF Community Integrated Basic success in JS, or Readiness Family Literacy Curriculum/CASAS Content. College/Family Works Skills Class- determined through Consumer • Meeting family needs; developing spending Literacy Foundations Wed/Fri. 1-3pm CE to be unlikely to Economics plans; keeping track; basic bank services; -Families That Work Family succeed in JS and borrowing basics; choosing a checking account; Management/Parent Customized Job consumer rights; credit history Basic Skills, Education Class Skills Training • Using weights, measures, measurement scales, ABE/GED, Tue/Thur 1-3p.m. participants. 2 and money; applying principles of comparison Family Literacy Also, Non-TANF shopping; understanding taxation concepts 509-529-5454 low-income parents • Understanding methods and procedures to christina.connerly@w in need of a GED, obtain housing and services; applying principles wcc.edu basic skill of budgeting in the management of money improvement, and work readiness skill development. IMPACT! Life Information, referral, instructional services for WWCC-IMPACT! 2 days/week for 10 Displaced Skills/Career displaced homemakers: Displaced weeks - covers all homemakers and Development Improving self-esteem, Homemakers workshops under anyone in transition Money Management, Program brief description. from job loss to Time/Stress Management, employment 2 Dealing with Legal and Medical Insurance (509) 527-4230 including WF Issues, clients. Exploring Career Options, Resume and Job Applications writing, Effective Communication and Job Interview Skills. 5
    • 3 Life Skills Basic Education - Skagit Valley 4 weeks All TANF Class Community College Returners; those Math skills; (lead); WSU (360) 416-7855 with no or little Money Management; Extension Agency, employment history. Time Management; Skagit Recovery, MT Note: do not refer a Communication Skills Vernon CSO, Skagit parent has a current DV and Sexual or recent Assault Services employment history. 3 CJST - Balancing work and home; Whatcom Community Integrated into the Only available to integrated life Credit repair; College entire course of 8-12 CJST students. skills Communication skills; weeks CJST each Interpersonal skills in the workplace (conflict quarter management); Family management (includes quality time with (360) 650-5354 children, family mission statement, early childhood education overview, etc.); Teamwork; Leadership. 3 Hidden Rules 16-hrs course based on the principles of the hidden Whatcom Community Offered every other Part of CE. for Success rules of economic classes from Bridges Out of College week to all new Poverty. TANF parents. Half Addresses behavior and values within economic days Friday classes and how to move/succeed between them. Provides opportunity for parents to self-identify (360) 650-5354 their own values/behaviors that hinder success. 3 Financial and A program for low-income neighborhoods that The Whatcom Dream Life Skills offers free, in-community financial skills courses to Development local residents, creating a safe, interdependent Program learning environment, encouraging participants to http://www.thewhatcom recognize and use their gifts, talents, and assets to dream.org/default.htm bring about greater self-sufficiency. 3 Rent Smart & Covers issues of housing (how to be a good renter, Opportunity WorkFirst Money Wise how to take care of your home inexpensively, etc. Council/Housing participants (part of Also includes a money management. Authority's Family CJ experience) 6
    • Self-Sufficiency program 3 Money Smart This training program is created by the Federal Housing Authority of Once a month Free and open to – Adult Deposit Insurance Corporation (FDIC) for people Island County, Advertised on the public, no referral Education with little or no banking experience to help adults at WorkSource center WorkSource calendar necessary Program outside the financial mainstream at 31975 SR 20, Suite 3 http://www.worksour Oak Harbor, 98277 cenorthwest.com/cont ent/calendars/Whatco mCalendar.pdf (360) 675-5966 4 Financial Banking basics El Centro de la Raza Every third Saturday Free and open to Literacy Adult Savings 2524 16th Ave S of the month public, no referral is education Importance of credit Seattle 10 -12 am necessary program Presented in Spanish only, childcare is provided to Participants are asked all participants to pre-register (206) 957-4646 4 Financial Banking basics Literacy Source 1.5 hrs X twice a Free and open to Literacy Adult Savings 720 35th St. N week public education Importance of credit Seattle Pre-registration is Individualized one-on-one instructions http://www.literacy- required source.org/Newcomer http://www.literacy-source.org/programs.htm Network.htm (206) 782-2050 4 Kaizen Kaizen addresses the specialized instructional needs Kaizen Program Pre-registration is Free for low income Program for of blind and visually-impaired immigrants and required families New English refugees learning English as a Second Language. 810 A Hiawatha Learners with Financial Literacy is incorporated and customized Place S Seattle (206) 784-5619 Visual to individuals needs. http://www.nwlincs.o Limitations rg/kaizen/ 7
    • 4 Money The eight 1 credit course modules can be tailored to Bellevue Community WF eligibility management Workplace, College. criteria Saving Social service agency, or Credit For presentation to community groups. Taxes Risk http://www.dfi.wa.go management v/consumers/bellevue Real estate _community_college. investments htm Employee benefits 4 St. James ESL Individual tutoring customized to student’s needs. St. James Cathedral Individually Free for low income Program Interpreters are available for assistance with Across the street from scheduled families training 804 9th Ave, Seattle http://www.stjames-cathedral.org/esl/ (206) 382-4511 4 Money Smart – This training program is created by the Federal Renton Technical 10 modules. Each Free and open to Adult Deposit Insurance Corporation (FDIC) for people College module takes 1 hr. - public, no referral Education with little or no banking experience to help adults 2:45-3:45 PM on necessary Program outside the financial mainstream Sherrie Holmes, Thursdays in Enhance their money skills and 425-235-2352 the library on campus Create positive banking relationships. ext 2033 Available in 9 languages. 4 Banking and Hopelink Centers offer free financial literacy Hopelink Centers Free and open to Budgeting classes. public, no referral Shoreline Center necessary Credit A Spanish interpreter is present at all classes. 206-440-7300 Management Childcare is available with advance registration. Northshore Centr Taxes and 425-485-6521 Insurance Presentations at the different locations are possible Bellevue Center depending on the number of people interested. 425-943-7555 Literacy Eastside 8
    • 425-643-1912 Literacy Sno-Valley Center 425-333-4417 4 Credit Covers the issues of Katherine Swanberg Up to 2 hrs per class. Classes are free and Restoration good credit, Direct: All classes begin at open to public. But Clinic why it is so important, 425-289-1108 Cell: 6:00pm at City participants are how to rebuild it, etc. 425-260-3121, University in asked to register by Also includes a money management. Fax: Bellevue. phone at 206-350-5754 E-mail or call for Direct: Katherine will travel for shot distances. schedule. 425-289-1108, Cell: katherines@lakemont 425-260-3121, mortgage.com Fax: 206-350-5754. 4 Business/Life Time Management, Financial Management, Shoreline Community Modular 2 - 7 weeks WorkFirst Skills Conflict Resolution, Business Communications College Participants (206) 546-6927 4 Basic Life Money Management, basic math, cooking skills, Everett Community First 4 weeks of Referred by WFPM Skills as a part English skills, reading, writing, computer skills. College CJST and ESD staff. of CJST Clients must have a (425) 760-5475 need for training and be able to commit to 13 weeks of class 4 TRiO Program Financial Management Skills workshop series: Lake Washington Offered quarterly WF parents referred Getting a Grip on your Future, Funding Resources Technical College by WFPM and ESD. & Financial Obligations, Work Hard but Smart, and (425) 739-8339 Take Control of your Future. 4 Transition Specifically geared towards felons. South Seattle 4 weeks. Each week Clients are referred Week 1 go over some basics of employment for Community College segment is 4 by sanction case felons, as well as self preservation and legal (206) 768-6666; hours/day for 5 days managers, ESD and issues. for a total of 20 CSO staff Highline Community Week 2 is traditional Life Skills program hours. 9
    • including interpersonal skills, attitude, self College preservation, communication, money (206) 878-3710; management, balancing work and home, etc. Renton Technical Week 3 is Dependable Strengths Workshop. College Week 4 covers dressing for success, interview (425) 235-2352 skill, time management, etc. 4 Food & Basic Nutrition; Meals planning & budgeting; Washington State Every Tuesday from None Nutrition Class Portion sizes; Creative cooking; Stretching food University, King 10-12 noon & 1-3 dollars; Feeding toddlers & children; Food safety County Extension for families. 4 Lifelong Hopelink offers a variety of classes at many http://www.hope- During the year Learning locations and times to assist families in managing link.org/ and improving their lives. The Lifelong Learning Program classes include: Money management; (425) 869-6000 Cooking on a budget; Computer skills. 16225 NE 87th St., Suite A-1 P.O. Box 3577 Redmond, WA 98073-3577 4 Money Debt Reduction ESD counselors/ NW Variable during Parents on public Management Consumer Credit weekly Job Club assistance. 4 JumpStart Modules within the JumpStart programs include, Bates Technical Mon-Thurs open Determined by case but are not limited to College enrollment starts manager transitional budgeting, every Monday 3- establishing and/or re-establishing credit, (253) 680-7283 Program runs in 3- exploring where and how you spend your week cycles money in order to break unsuccessful patterns and Evening class. understanding the flow of your money. 4 ABE/ GED / Soft skills classes for all WF parents - can enroll North Seattle 12 hrs. per week All WF parents ESL/ CJST & into on going weekly basis. Class is structured and Community College HWHD modular designed. Includes social skills, (206) 527-3727 decision-making skills, 10
    • employability skills financial management skills parenting classes. 4 REACH Plus A curriculum that can be modulized for shorter WWEE (Washington Workshops can be 2 Referred by WFPM sessions. Some of the topics are: Self-awareness, Women's to 4 hrs long. or WFSW if Attitude, Balancing work and personal life, Money Employment and determined management, Communication skills, Conflict Education) appropriate by CE resolution, and Dress for success. 4 Business Washington CASH’s nine-session Business Washington CASH Starts Free for low income Development Development Training program offers hands-on, (Community Alliance quarterly, families Training practical information that is designed to help for Self Help) potential borrowers take concrete steps towards 9 sessions taught creating their own businesses. As the entry point Registration is once a week, 2.5 hrs into Washington CASH, this training program required at each session. helps clients produce a solid and comprehensive business plan, (206) 352-1945 Taught in Seattle, introduces them to fundamental business Kent, Bremerton practices, such as o preparing cash flow statements, o record-keeping, http://www.washingto o marketing, ncash.org/index.html o budgeting, and o completing feasibility assessments. This training is essential to prepares clients for the next phases of the program: joining a loan group and applying for micro loans. 5 Pierce County Colleges Rapid Response Worksheet http://www.bates.ctc.edu/jrtc/eo/JRTC/files/PCrapidReference06- 07.doc 5 Family Itemized needs, costs, resources, wage needed. Tacoma Community 1-2 hrs WF parents in need Budgeting College of financial literacy, math skills (253) 460-4369 5 Financial Two 1-1/2 workshops delivered to job seekers at Pierce College Two 1-1/2 hr. Job Search Planning CSO WorkForce workshops. participants. Budgeting & Development 11
    • Credit (Note: Each of the Colleges in Pierce County Department Weekly Offered in Credit Reports coordinates to provide a Life Skills module as conjunction with JS workshops described above for each parent in Job Search at each ESD Job Search site) 5 Bridges to 5 x 8hrs classes offered first week of CJST include Clover Park 40 hrs (8hrs x 5 WF parents in CJST Success professional development, Technical College days). (integrated into conflict resolution, First week of 11-22 CJST) time management, (253) 589-5959 week CJST basic computer applications, financial literacy, communication skills, and soft skills. 5 Clover Park Family Literacy with a work focus including Clover Park 32 hrs/week Mothers without Technical Parenting to balance family, school, and work, Technical College/ GED College/ GED, Families That Work Families That TANF - its actual worth, Work Meeting family nutritional needs on food (253) 589-5959, stamps, (253) 583-8947 Banking skills, Community financial resources, Planning beyond today, Living wage, Keeping a job, Choosing a career (benefits). 5 Clover Park Modularized course to engage all students prior to Clover Park M-F All WorkFirst Technical program start date; works on balancing Technical College / students College / Great responsibilities, identifying campus and community Great Strides 1PM - 5PM Strides resources, routines support success, creating learning profile as well as successful work and (253) 589-5959, school related behaviors. In addition to the above (253) 583-8947 one week is focused on planning, accessing, utilizing, and budgeting limited resources. 5 Basics of How to avoid skims and set and achieve personal Tacoma's Goodwill 8 classes for 1.5 hrs Free and open for Money financial goals. Consists of 8 classes for 1.5 hrs Industries twice a week. public, no referral Management twice a week. or pre-registration 12
    • Basics of banking, There is no necessary debt management, permanent location – Spending, saving & borrowing, class travels to credit & credit report, different locations Consumer protection. every month Good Will presents students $100.00 gift certificate after completion of the class. Also work with For more information different banks and help participants to open about future schedule checking accounts. (253) 272-5166 Maggie Gardner or mgardner@tacomago odwill.org 5 Money Smart FDIC Money Smart curriculum American Financial Once a month, Free and open for Money Matters – Budgeting and Setting Solutions Pre-registration is public, no referral Financial Goals 263 4th St., required. necessary Pay Yourself First – The Effective Way to Bremerton, 98337 Class will be held Save Money (360)377-9000 with 6 students or To Your Credit – About Credit and Credit Ask for Rona more. Reports 5 Basic A very basic budgeting class designed for very low Housing Authority of Last Tuesday of each Westpark and Tara Budgeting income participants. the City of Bremerton month Heights families as in partnership with well as Section 8 Kitsap Credit Union. families. Westpart Community (360) 752-8506 (There is an Center agreement pending 76 Russell Road, to serve a larger Bremerton population in the near future.) 6 Family Money management topics are incorporated into Centralia Community Financial literacy is Usually PE/exempt. Management the curriculum. The program covers College integrated into a 10 class (part of Budgeting, week term at least WorkFirst referrals the Family time management, (360) 736-9391 Ext. every other term to Family Literacy Literacy stress management, 694 program Program) setting priorities for spending and nutrition; 13
    • exploring the difference between wants & needs, long and short term goals, building awareness of one's attitudes about money and spending it, access free credit report annually Consumer Counseling NW makes a presentation during the class. Wise shopping tips. 6 Parent-Line Program for parents who need to learn how to Lutheran Community manage their lives and families. Includes money Services, management. Port Angeles 6 Families that Program includes financial literacy training Whiteside Education WorkFirst parents Work Center 1st St. Aberdeen Linda Blauvelt (360) 533-4138 Life Work Program includes financial literacy training as a Grays Harbor WorkFirst parents Skills topic of instruction Community College 1620 Edward Smith Dr, Aberdeen Sara Aiken (360) 538-4077 6 Financial Financial seminar provided by Neighbor Works at WorkSource Grays about1 hr. WorkFirst parents seminar no cost to us. Harbor office 511 W Heron, Aberdeen J’Neil Lee 360-533-9318 6 CJ training Program includes budgeting and financial Local CJ contractors WorkFirst parents literacy elements Nadine Swift 360-533-5100 14
    • 6 Money Smart 10 modules program on financial literacy, held WorkSource Every Friday Free and open to the Financial every Friday morning 711 Vine St. Kelso mornings public Education Liz Myntii 9:00 am – 10:30 am 360-578-4209 6 Credit Smart The program covers all aspects of home ownership, Home Ownership Orientations are held Free and open to the including Center on the 1st & 3rd public. Budgeting Wednesday evenings Use of credit 3801-A Main Street, at 6:00 p.m. Setting goals Vancouver Setting up a checking account Lending, To register, or for Home inspections, and insurance further information, Special programs geared for first time home buyers call will also be covered. 360-690-4496 Attending a Home Ownership Center Orientation as or toll-free a first step to our program is recommended. 1-877-690-4496 An interpreter can be ordered if requested ahead of http://www.homecen. time. org/ Community Action Programs across the state http://www.cted.wa.gov/site/285/default.aspx Foreclosure NeighborWorks has joined forces with the NEIGHBORWORKS Toll Free Assistance Homeownership Preservation Foundation to AMERICA free hotline promote a toll-free hotline offering free foreclosure 1325 G St., NW, prevention services and counseling to consumers. Suite 800, Also available in Spanish. Washington, DC Contact: (888) 995-HOPE or (888) 995-4673 Homebuyer & Washington State Housing Finance Commission Washington State Toll Free Ownership Homeownership Programs help low- and moderate- Housing Finance free hotline Assistance income first-time homebuyers understand their Commission options and purchase their first home. http://www.wshfc.org /buyers/index.htm 1–877–894-HOME or 1-877-894-4663 15
    • Education Planning Checking & Saving Financial Planning Financial Systems Buying a Home Budgeting Insurance Investing Banking Credit Taxes Author/ Other Topics Title Publisher Length Cost Investing Pays Off: Merrill Lynch & the Each of this Free on X X X X X X Risk & Reward It’s never too early National Foundation for 15-series the Jobs & Career to start! Teaching Entrepreneurship program is a Internet Opportunity Recognition (Jumpstart Coalition) 45-minute Calculating Future Value http://philanthropy.ml.com/i session. Economic Factors ndex.asp?id=66319_67034_ Philanthropy 67417 International Trade Leadership Control Your Money Lynn Gerrity Ames, CCCC, 96 pages X X X X Money Basic Vice Pres. Money Trouble Eileen D. Muhlig, Dir. Ed. Resources Public Relations Consumer Credit Counseling Service http://www.msmoney.com/ mm/financial_health/finan_ fundamentals/control_mone y.htm Complete Learning www.myfinancialgoals.org website Free on X X X X X X X X Credit counseling Center of Financial the Extensive Financial information and our free on-line classes – internet Education The Investing In Debt Management Yourself Series. Services Financial Options and Resources 16
    • Education Planning Checking & Saving Financial Planning Financial Systems Buying a Home Budgeting Insurance Investing Banking Credit Taxes Author/ Other Topics Title Publisher Length Cost Money Management Fannie Mae Foundation 240 pages Free copy X Fundraising and Resource and Home-buying Deborah Schwartz available Development Readiness Lenore Balliro by Expanding Your Sourcebook for http://www.fanniemaefoun request Resources: Tools for Teachers of ESOL dation.org/programs/jhr/v6i Teachers and ABE 2-kau.shtml Appendices Home buying Five brochures Brief Free CD- X X X X Information Guide http://www.homebuy brochure on ROM can specific topic be ordered Beehive - Resource http://www.thebeehive.org/ website Also X X X X X X X Money Management, Website with lots of Templates/Money/Level3N available Filing taxes, information on oRight.aspx?PageId=1.194 in Free credit reports, different topics, &HideChildLinks=0&Loca Spanish Home buying guide, including Money l=1&Lang=1 Resources Management. 17
    • Education Planning Checking & Saving Financial Planning Financial Systems Buying a Home Budgeting Insurance Investing Banking Credit Taxes Author/ Other Topics Title Publisher Length Cost Money Smart FDIC Various Free CD- X X X Money Matters (available in 7 FDIC: Money Smart - An paging ROM can languages) Adult Education Program be ordered My Money U.S. government's website Website Also X X X X X X X X X Kids dedicated to teaching the available Privacy, Fraud & Scams http://www.mymoney basics about financial Free “My in Starting a small Business .gov/ education. The resources Money” Tool Spanish Financial Education on MyMoney.gov site kit is available Grants include important to order on information from 20 the website or federal agencies call government wide. 1-888-696- 6639 Hands on Banking Wells Fargo and Operation Free on X X X X Assessment Hope the http://www.handsonbanking.o internet or rg/ can order CD-ROM Bank Jr. The Zions Bank Free on X X X X Money in the Community Classroom http://www.bankjunior.co the Money in the Nation m/classroom/ internet Money in the World Business 101 Bank High School http://www.bankhs.com/ Free on X X X X X the internet 18
    • WORK PLACE BASICS Chelan/Douglas LPA Wenatchee Valley College As a result of discussions with Chelan/Douglas LPA partners, Wenatchee Valley College developed and is implementing Work Place Basics, a four-week, modularized class in financial planning and customer service. The class targets WorkFirst parents who have not succeeded in Job Search, or have been determined through the Comprehensive Evaluation process to be unlikely to succeed in Job Search, and Customized Job Skills Training participants. The class is comprised of four one-week modules. Participants may enter the current module on any Monday and rotate through each succeeding module. Classes meet from 9:00 a.m. through 4:00 p.m. with a one-hour lunch break. The morning session focuses on personal finance training, and the afternoon session provides attention to external and internal customer service development. Instruction is accomplished by lecture, discussions, and computer lab activities in an interactive format. The training occurs at an off-campus training location that is easily accessible to the WorkFirst participants. Financial planning is included to encourage participants to see the value of employment and a steady income in realizing their personal goals. The students will be assisted in developing their financial goals and their plans for obtaining these goals. Training will focus on the importance of planning and developing the tools and skills to implement financial plans. Topics include: • Learning the value of financial planning and ways to avoid the most common money mistakes. • Understanding spending habits and the importance of preparing a monthly budget. • Discovering one’s “money style” and adapting behavior to allow wise spending. • Developing financial goals and a financial plan to obtain these goals. • Identifying financial institutions, their services, and how to best use the tools they provide. • Learning how to control debt, and understanding credit ratings and what influences them. • Developing methods to save to meet financial goals, educational expenses, and retirement plans. Customer service training will encourage each participant to develop their own service philosophy by applying positive attitudes and behaviors. Objectives include: • Understanding and meeting customer needs. • Appreciating the importance of first impressions and projecting a positive image. • Communicating non-verbally. • Mastering the skill of good listening and applying it for successful customer relations and effective communication. • Applying effective telephone skills. • Developing customer rapport to successfully meet customer expectations. • Identifying internal and external customers, and recognizing that excellent customer service involves meeting the needs of co-workers and business associates. Two hours per day are allocated for personal skill development and job search preparation. “Career Skills” developed by Keytrain and “Employability Skills” by Achievement Technologies provide Web-based individualized training in these areas. 19
    • Bellevue Community College Is offering courses on financial literacy for Workplace Social service agency Presentation to community groups. Each course can be offered in various formats. Individuals can receive college credit for completing them. Personal Money Management Personal money management focuses on managing personal income and expenses and their recordkeeping. Learners will be required to develop a personal budget and compile personal income statements. Course Outline Outcomes Cash flow management Keep receipts and track expenses for one month to Comparative household expenses compile personal income statement by categories used The financial evaluation of by the Consumer Finance Survey alternatives Look for opportunities to save money - teach strategies Personal income statement - budget for comparison pricing, getting bids, etc. against actual Create a personal budget for the year Accounting and bookkeeping of Create a system for tracking expenses against budget personal expenses including credit card monitoring and check book Balancing Personal Savings Savings; the banking industry and its products and services; savings returns, and evaluating alternative savings vehicles are the focus of this course. Learners will be able to create an annual budget, set financial goals and determine the risks and returns of various savings vehicles. They will create a personal net worth statement. Course Outline Outcomes The banking industry and its products Differentiate between annual budget and long term and services financial goals Annual personal budget Discuss and quantify major financial goals such as car, Long-term financial goals education, retirement Investment risks (volatility and Have each learner come up with individual long term inflation) financial goals Time value of money (present value Assess the risk associated with each of these goals and future value) (inflation) Annuity calculation Determine how much has to be saved annually to Economic and financial evaluation of achieve these goals using the time value of money alternatives Review several types of bank accounts (marketing Net worth statement brochures or review on the internet) Evaluate which is the best account for expenses and savings Calculate the cost (in annual percent) of insufficient 20
    • funds or other bank fees Creating a net worth statement Personal Credit Credit focuses on the evaluation of the credit industry and its consumer products and services. Learners will evaluate alternate credit and loan features. They will learn strategies for debt management. Course Outline Outcomes Credit and loan industry Evaluate "buy" messages analytically and critically Legal aspects of credit Differentiate between rational (cognitive) and Comparative evaluation of credit emotional (affective) buying motives instruments Differentiate between ethical and unethical marketing Credit ratings and their impact practices. Time value of money (future and Compare cash price to installment price in order to present) make a purchasing decision Calculation of annual returns Determine periodic payment, interest and total Debt management amount required to pay to amortize a loan Calculate finance charges on credit card balances and cash advances Identify consumer assistance services provided by the public and private organizations (e.g. government, the Better Business Bureau and manufacturers) Research consumer advocacy groups that address consumer right and responsibilities and describe how an individual can participate Analyze various sources and types of credit and related costs Select an appropriate form of credit for a particular buying decision Compare and contrast the various aspects of credit cards (e.g. APR, grace period, incentive buying, methods of calculating interest and fees) Explain credit ratings and credit reports and describe their importance to consumers Describe the relationship between credit rating and cost of credit Recognize the signals of a credit problem Compare and contrast the legal aspects of different forms of credit (e.g. title transfer, responsibility limits, collateral requirements and co-signing) Describe legal and illegal types of credit that carry high interest rates (e.g. payday loans, rent-to-buy agreements and loan sharking) Identify the components listed on a credit report and explain how the information is used Personal Taxes Taxes deal with individual tax filing, tax planning and maximizing after-tax returns. 21
    • Course Outline Outcomes US taxation system--tax returns, Prepare a tax return withholding, tax credits, tax refunds, Engage in tax planning tax payments, tax penalties Calculate benefits of pre-tax spending accounts Filing tax returns Calculate the difference between after-tax and pre-tax Pre-tax spending accounts returns on retirement accounts Tax-advantaged retirement accounts Evaluate eligibility for Earned Income Tax Credit and (IRAs, 401Ks, Roth IRAs) tax credits for 401K (low income) and their effect on savings Evaluate strategies for maximizing after-tax returns Personal Risk Management Personal Risk management focuses on the insurance industry and its products. The learner will evaluate personal insurance needs. Course Outline Outcomes Insurance (Property, auto, renters) - Analyze personal risk and determine methods of Deductibles, limits, etc.) mitigating this risk Life insurance (term, whole life, Evaluate various forms of life insurance and their variable annuities and how they work) benefits and costs Health insurance and how it works Prepare personal information for appropriate insurance (Deductibles, copays, etc.) quotes - Evaluate three quotes for property insurance Long term care Evaluate the differences in risk between three or more Medicare and Medicaid health insurance packages Analyze risk management case studies Articulate the resources available under Medicare and Medicaid Personal Real Estate Course Outline Outcomes Single-family real estate in the US Evaluate case study between buying and renting Historical returns on single-family real including investment and tax benefits estate Articulate rights in the home buying process Evaluating the single-family homes as Review home buying programs an investment Articulate steps in the home buying process and risks Interest rates and how they work. in each step Mortgage maturity and risks. Financial evaluation of various mortgages (fixed rates, Mortgage payment calculation. APR, variable rates, interest only, terms, points, etc. ) The home buying process Calculate the effect of brokers' fees, title insurance, inspections and lawyers fees on a home purchase Evaluate the effect of interest rates on mortgages Personal Investment Investments will focus on financial goals, historical risk and returns of major asset classes, asset allocation, maximizing after-tax returns and monitoring investments. Course Outline Outcomes 22
    • Personal Financial goals Evaluate budget versus long-term financial goals Historical returns Articulate personal financial goals Investment risk Differentiate between asset classes, their Asset allocation characteristics, and their historical returns and risk Maximizing after-tax returns Articulate how asset allocation is done Monitoring investments Assess Mutual funds, index funds, ETFs Evaluate case studies of traditional IRAs, Roth IRAs, 401Ks and other tax-advantaged savings Evaluate investment returns versus cost of debt Evaluate investments against indices Employee Benefits for Personal Finance Employee benefits outline basic benefits offered by firms. Learners will become familiar with what these benefits achieve and how to use them for long-term financial planning. Course Outline Outcomes Social Security Review a social security summary statement and Unemployment insurance evaluate how benefits are computed. Medical Insurance Determine how unemployment benefits are given. Disability Describe major employee benefits (medical, disability, Dependent Care and Health Care life, etc.) and what they cover Spending Accounts Analyze a case study of health insurance and determine Retirement (401K, profit sharing, relevant costs pensions) Evaluate the differences in risk between three or more medical insurance packages Taking the employer's perspective design an employee benefits package using relevant components - calculate the cost to the employer and the benefit to the employee Evaluate the financial benefits of spending accounts Calculate the after-tax benefit to the employee of 401K, profiting sharing or pension benefits 23