YOUR MONEY GOALS

BUILDING WEALTH & MAINTAINING IT

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. Learning Outcomes: -Mentees will know how to set goals and plan for life events and large purchases using the S.M.A.R.T GOALS Model.



Saving for emergencies, bills & goals

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. Learning Outcomes: -Mentees will know how to set goals and plan for life events and large purchases using the S.M.A.R.T GOALS Model.



Tracking and managing income benefits

This module focuses on income, the reasoning behind pay deductions and wage garnishments, and employee benefits. Learning Outcomes: -Mentees will learn how to track their income with provided worksheets, understand the ways in which to receive income benefits, and learn how to increase their income.



Money Servies, cards, accounts and loans: Finding what works for you

In this module we will cover the topics of finding and choosing financial products and services and managing a bank or credit union account. Learning Outcomes: -Mentees will learn how to complete assignments that help them understand various services and banking basics. They will learn about the various financial institutions and accounts that they are able to, and should, open.



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.



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.



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).



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.