FINANCIAL LITERACY live Classes
By Comprehensive Credit Counseling of Rural Services of Indiana, Inc.
Our goal is to provide the information necessary to develop skills in the areas budget development, record keeping, and the wise use of credit. Whether you choose to acquire the skills and make them your own is your choice. We are here to present an opportunity, with all opportunities come choices.
Our course is a financial literacy course that provides a foundation in the subject matter. It is important to remember that in all areas of life stability is not possible without a strong foundation. The same is true in the financial arena.
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Section ONE: Our topics will cover some basics. Our activities will be limited since we will be laying the foundation for the rest of our coursework. We will explore categories of income and expenses. We will learn to separate expenses by their characteristics. We will also review a pay stub and obtain a greater understanding of true net income.
Section TWO: Once the foundation is set from week one, we tackle a hands on activity that allows you to take on an identity, create the make up of your family, select employment, a home and prepare a monthly budget for this pretend identity. It is useless to say, I have no job or home now, why am I learning to budget what I do not have?” Remember, we are building skills, if you choose to acquire these skills and make them yours they will be your foundation when the time is right.
Section THREE: Our visit during week three will create a deeper understanding of the relationships between a banker, the borrower, and the investor. We will talk about mortgages and car loans. Our subject matter will also include a review of record keeping systems, ways to track what you make and spend.
Section FOUR: Our final session together, is often the most enlightening of the four sessions. We will explore actions that effect credit scores. Simple actions on your part can add substantial points to your score. We will learn how to read a credit report so that it becomes a financial tool for you rather than a detailed list of your debts.
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