WELCOME TO:
MONEY MANAGEMENT CLASS
REACHING YOUR
FINANCIAL GOALS
Section One
Intake Forms
 Please fill out your intake paperwork via
page 7-15 or via
https://www.surveymonkey.com/r/CFCIntake
 Bring completed forms, or complete the
forms online before our next class.
 Foundation Communities uses this
information for reporting purposes only.
Can you make through the
month?
 Let’s play The Spent Game!
http://playspent.org/
 Or: Let’s play The Bean Game! (20 min)
 In these games you will be faced
with various financial decisions, and
hardships. Your goal is to make it
through the month successfully.
What is a Budget?
 Helps you track your monthly income and
expenses
 Helps you actively choose how to use your
money
 The most effective financial management tool
available to all of us
 There are various types of budgets find the one
that suits you best and stay with it
 Remember a budget is a living document –
revisit periodically and adjust as needed
How to make your goals
SMART:
 S
 Specific
 M
 Measurable
 A
 Aggressive yet achievable
 R
 Realistic
 T
 Time-sensitive
Making Behavior Changes to
Reach Your SMART Goals:
 Real change takes a little planning
 On Your Own: take your SMART goals
and answer the questions on this
sheet for each goal.
 This will help you to come up with a
defined plan on how to change your
behavior to reach your goals.
Needs Vs. Wants Activity
 A Need is something
you have to have,
something you can
not do with out.
 A Want is something
you would like to
have.
These vary by household, lets work in groups
to complete this activity and then talk about
it a little more! (10 min)
Reducing Expenses & Saving
Green
 Where can you cut back?
 Everyone has a few black holes where
money seems to disappear. If you can
pin point these black holes you can plug
them up!
 Saving Green Video:
 Part 1 (10 min)
 Overview of Saving Green Materials (10 min)
 Part 2 (10 min)
4 Simple Steps to Creating a
Budget :
 Do an honest assessment of your
monthly expenses.
 Write it down.
 Determine if your living expenses are
compatible with your income.
 Put your budget to work
 Remember your budget is a living
document update it frequently!
Create Your Own Budget
 Use the budget template that suits
you best and own your own create
your budget at home!
Why Do You Need a Bank
Account?
 Having a bank account can be
cheaper, and more convenient than
not having one.
 Savings Accounts can help you reach
your financial goals
 Choose the one that suits you best.
Be Sure to check out the
Resources for Reaching Your
Financial Goals
Don’t Forget to complete your
Intake Forms
Join us next class for more on
Money Management!
FREEDOM FROM DEBT &
GIVING YOURSELF CREDIT
Section Two
Why Do We Spend Money?
What is Debt and How Do You
Deal With It?
 Debt is something, typically money,
that is owed or due.
 Let’s take a look at a few ways to deal
with debt .
Bankruptcy
 To file or not to file…that is the question
What is Credit & How do you
get it?
 Credit is the ability of a customer to
obtain goods or services before
payment, based on the trust that
payment will be made in the future
 We are going to discuss some
important aspects of credit and how
to handle it.
Credit Profile Activity
 What should Henry do?
 For a Safety Net Savings Account be
sure to bring all necessary documents
with you to our next class.
Join us next class for more on Money
Management!
GIVING YOURSELF CREDIT
Continued…
Section Three
Money Habitudes
By: Syble Solomon
 Target some of your habits and attitudes that are
affecting your relationship with money.
 Discussion Question: Who’s habitude is right?
 There are no right habitudes.
 The most important thing is to “know thyself”.
Recognize your own habitudes and use that
knowledge to your advantage when managing your
money.
Have You Ever Been Affected
by Identity Theft?
 Identity Theft is the fraudulent
acquisition and use of a person's
private identifying information,
usually for financial gain.
What is a Consumer Report?
A consumer report is a specialty report
that contains information about you
beyond your credit history.
What is a Credit Report?
A credit report is a detailed report of an
individual's credit history prepared by
a credit bureau and used by a lender to in
determining a loan applicant's
creditworthiness.
CONGRATULATIONS YOU HAVE
COMPLETED FC’s MONEY
MANAGEMENT CLASS!
Please complete the Post-Test and Course
Evaluation and turn them in on your way out!
 Time for Credit Counseling & Safety Net
Savings Accounts
Thank You again for joining us!