empowering people to become self-reliant

Wave 40 Class Schedule

New Century IDA
Economic Literacy Curriculum
Wave 40

SESSION 1 ORIENTATION INTO IDA/ECONOMIC LITERACY
February 19, 2018
 Pre-Test of current financial knowledge
 Expectations of participants
 Meet with Financial Pathways / 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
March 19, 2018
 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
April 16, 2018
 A continuation of previous session

SESSION 4 REDUCING DEBT
May 21, 2018
 Effects of Debt on Homeownership
 Determining Your Debt Ratio
 Creating a Plan of Action to Reduce Debt

BORROWING MONEY THE SMART WAY
 Predatory lending Practices
 When to use credit
 Scams & schemes

SESSION 5 WISE USE OF CREDIT
June 18, 2018
 Understanding your credit report
 Managing credit relations
 Your Consumer Rights

SESSION 6 BANKING & CREDIT PRODUCTS
July 16, 2018
 Essentials of different banking products
 Savings – The Power of Compounding
 Understanding your banking statement
 Mortgage Products
 Loan Process

SESSION 7 PSYCHOLOGY OF MONEY
August 20, 2018
 How do you view money?
 What drives your motivation to spend money

SESSION 8 PREPARING FOR HOMEOWNERSHIP
September 17, 2018
 Funding Programs
 IDA Checklist
 Understanding City and County Programs
 Partners for Homeownership

SESSION 9 INVESTING FOR THE FUTURE & 401K
October 15, 2018
 Resources for Investing
 Risk and return
 What is 401 K?
 What are benefits of 401K?

ESTATE PLANNING
 Insurance needs
 Wills

SESSION 10 MAKING YOUR TAXES WORK FOR YOU
November 19, 2018
 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 11 FORECLOSURE PREVENTION AND MORTGAGE MAINTENANCE
December 17, 2018
 Where do I start?
 How to maintain my asset
 What about an Equity Line?

SESSION 12 GRADUATION – IDA Program Staff
January 21, 2019

SESSION 13 PRE-QUALIFICATION SYMPOSIUM (3 hours)
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