Workshop Purpose and Objectives
MOTIVATIONAL WORKSHOP: To discuss the importance and ability to develop savings habits & explore ways to do so, and to identify savings goals.
BANKING BASICS: To learn basic banking and financial skills to interact effectively and beneficially with financial institutions.
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Recognize the differences between traditional financial institutions and alternative financial products
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Appreciate why banks are necessary
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Explain how savings and checking accounts work
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Understand check holds and why deposited funds might not be immediately available
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Understand how to manage accounts correctly
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Group-defined objectives
BUILDING A BETTER BUDGET: To emphasize the importance of and aid in the creation of a livable personal budget.
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Understand how budgeting can help maximize money
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Name the major components of a personal budget
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Understand how habits affect a budget’s success
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How to “track” spending and why this helps budgets
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Create a livable personal budget
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Group-defined objectives
TAKING CHARGE OF YOUR CREDIT: (a.k.a., Good Credit is Sexy!) To discuss consumer credit history and explore strategies for improving credit.
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Understand why good credit is important
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Recognize what’s in a credit report
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Understand credit scoring
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Know how to access free credit reports
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Identify 3 key steps to improve credit
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Group-defined objectives
CHOOSING & USING CREDIT WISELY: To discuss responsible credit use, with a focus on understanding one of the most common forms of credit: credit cards.
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Explain fundamental concepts of borrowing money
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Describe how credit cards work
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Understand the cost of using credit
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Make informed choices about credit
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Group-defined objectives
PREPARING FOR HOMEOWNERSHIP: Designed for First Time Homebuyers to help them determine if they are ready to buy and how to access first time homebuyer programs.
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Understand how to qualify for a mortgage
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What lenders are looking for to approve you
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How to estimate your current buying power
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How to increase your buying power
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How to access first-time homebuyer programs
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Understanding your rights as a mortgage borrower
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Group-defined objectives
ARIZONA KIDS SAVES WORKSHOPS: 3-part series offered to children (who attend with their parents) to learn the difference between “Wants vs. Needs”, the importance of savings and money management, and basic banking skills.
CRISIS BUDGET WORKSHOPS: To provide intervention to families facing mortgage crisis and prepare participants to work effectively with Housing Counselors. To aid in the creation of a Crisis Budget during period of financial hardship.
Workshops can be presented as “stand-alone” classes or as a “series.” Generally, Workshop Series are offered as 3 classes (Budget, Credit & Homeownership). Chex Systems workshops are offered as 4 classes (Banking, Budget, Choosing Credit & Taking Charge of Credit). When presented as a “series,” Arizona Saves may provide Dinner to participants. When children’s classes are incorporated, incentives include weekly “prize store” for kids & teens, savings bonds for each child who completes the series, savings bond raffle at each adult class, and certificate of completion.
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