empowering people to become self-reliant

Wave 37 Class Schedule

New Century IDA Economic Literacy Curriculum Wave 37

Session 1 – Orientation into IDA/Economic Literacy

February 23, 2015

  • 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

March 23, 2015

  • 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

    April 27, 2015

    • A continuation of previous Session

    Session 4 – Making Your Taxes Work for You – EITC Coordinator – Takia Miller

    May 18, 2015

    • 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

    June 22, 2015

  • Understanding your credit report
  • Managing credit relations

  • Session 6 – Banking & Credit Products – Bank Specialist

    July 27, 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

    August 24, 2015

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

    Session 8 – Preparing for Homeownership – Bianca Green

    September 28, 2015

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

    Session 9 – Reducing Debt – Dan Kornelis

    October 26, 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

    November 23, 2015

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

    Estate Planning

    • Insurance needs
    • Wills

    Session 11 – Foreclosure Prevention and Mortgage Maintenance

    December 14, 2015

    • Where do I start?
    • How to maintain my asset
    • 7at about an Equity Line?

    Session 12 – Graducation – IDA Program Staff

    January 26, 2016


    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