empowering people to become self-reliant

Wave 36 Class Schedule

New Century IDA Economic Literacy Curriculum Wave 36


Session 1 – Orientation into IDA/Economic Literacy

September 29, 2014

  • Pre-Test of current financial knowledge
  • Expectations of participants
  • Meet with Consumer Credit Counseling/ Set future appointment
  • Getting to know your classmates
  • Goal Setting / Over coming barriers and obstacles
  • Getting ready for next Session

Session 2 – Tracking Spending, Cash Flow & Budgeting – Harvey Reid

October 13, 2014

  • Techniques to tracking expenses on a daily basis
  • Communicating about money with your family
  • Assessing your net worth

Session 3 – Tracking Spending, Cash Flow & Budgeting – Harvey Reid

November 10, 2014

  • A continuation of previous Session

Session 4 – Making your taxes work for you – EITC/VITA Coordinator – Takia Miller

December 8, 2014

  • Homeownership and tax deductions
  • Understanding appropriate filing status and dependents
  • Earned Income Tax Credit (eligibility)
  • Free tax preparation sites and programs available on-line for free

Session 5 – Wise Use of Credit – Phyllis Caldwell

January 12, 2015

  • Understanding your credit report
  • Managing credit relations

Session 6 – Banking & Credit Products – Bank Specialist

February 9, 2015

  • Essentials of different banking accounts
  • Savings – The Power of Compounding
  • Understanding your banking statement
  • Tips for Saving

Session 7 – Psychology of Money – Shenell Thompson

March 9, 2015

  • How do you view money?
  • What drives your motivation to spend money

Session 8 – Preparing for Homeownership – Bianca Green

April 13, 2015

  • Funding Programs
  • IDA Checklist
  • Understanding City and County Programs
  • Partners for Homeownership

Session 9 – Reducing Debt – Dan Kornelis
May 11, 2015

  • Effects of Debt on Homeownership
  • Determining Your Debt Ratio
  • Creating a Plan of Action to Reduce Debt

Borrowing Money the Smart Way – Dan Kornelis

  • Predatory lending Practices
  • When to use credit
  • Scams & schemes

Session 10 – Investing for the Future & 401k – Danny Freeman

June 08, 2015

  • Next goals
  • Resources for Investing
  • Risk and return
  • What is 401 K?
  • What are benefits of 401K?

ESTATE PLANNING

  • Insurance needs
  • Wills

Session 11 – Foreclosure Prevention and Mortgage Maintenance

July 13, 2015

  • Where do I start?
  • How to maintain my asset
  • What about an Equity Line?

Session 12 – Graduation – IDA Program Staff

August 11, 2015


Session 13 – Pre-Qualification Symposium (3 hours)

Date: TBD
Local lenders, Realtors, Non-Profit Developers
City and County Housing Programs

  • Obtain at least 3 pre-qualifications
  • Meet with lenders to review loan products available
  • Determine affordability
  • View housing opportunities