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Financial Literacy Session Types

If you are looking into taking a Financial Literacy class, the different types are listed below. If you have questions, please reach out to:
Jessica Davenport - Financial Literacy Coordinator

jdavenport@newopp.org

712-792-9266 Ext. 805

OR

Carol Bayer - Workplace Training/Financial Literacy

cbayer@newopp.org

712-792-9266 Ext. 605


1 Hour Session

In the one-hour session of Financial Literacy, there are a few different activities that will be completed and resources/tools will be provided.

The activities are:*

  • My Money Picture Sheet – this helps the counselor figure out where you are financially and it will help them know where you could use resources to help.

  • A Cash Flow Budget Sheet – you will fill out a cash flow budget to get an idea of how much you spend per month and if that spending falls within your income.

  • A Bill Calendar – You will be provided a bill calendar to help you keep track of when your bills are due to help you pay them on time.

  • A Spending Tracker – This tool helps you see where and what you spend your money on. 

  • Needs and Wants Activity – This activity helps you prioritize where to spend your money.

  • Spending Leaks Activity – This activity will help you see where you spend your money so you can stop any “spending leaks” and start saving or paying off debts.

*All sessions are situational, and the activities may change depending on the needs of the client.


2-3 Hour Session

In the two to three hour session of Financial Literacy, there are a few different activities that will be completed and resources/tools will be provided. This session is not done all at one time, but divided into multiple one-hour sessions. The activities build off of and add to the one-hour session. The activities are spread out between the two to three hours.

The activities are:*

  • My Money Picture Sheet – this helps the counselor figure out where you are financially and it will help them know where you could use resources to help.

  • A Cash Flow Budget Sheet – you will fill out a cash flow budget to get an idea of how much you spend per month and if that spending falls within your income.

  • A Bill Calendar – You will be provided a bill calendar to help you keep track of when your bills are due to help you pay them on time.

  • A Spending Tracker – This tool helps you see where and what you spend your money on. 

  • Needs and Wants Activity – This activity helps you prioritize where to spend your money.

  • Spending Leaks Activity – This activity will help you see where you spend your money so you can stop any “spending leaks” and start saving or paying off debts.

  • Strategies for Cutting Expenses Activity – This activity teaches you way you can work with companies that you have services through (TV, Internet, Cell Phone, Etc.) to save money and cut expenses.

  • Emergency Funds Worksheet – This activity helps you budget for emergency savings in case something were to happen (loss of job, injury, etc.) and you needed money.

  • Debt Worksheet – This activity helps you track any debts you owe to help you get them paid off.

  • Credit Report Review Checklist – This sheet is a tool that helps you when filling out a credit report to make sure you have included everything.

  • Credit Report – You will fill out a credit report and get that send in if you are comfortable doing so.

*All sessions are situational, and the activities may change depending on the needs of the client.


Five-Month Program

In the Five-month program, there are five, one-hour sessions that take place over a five-month period. There is one session per month. This program digs deeper into your finances and helps you with any financial questions you may have. After this session is complete, we will follow up with check-ins to see how you are doing with your new knowledge.

The activities that will be completed in each session are:

Session 1: Intro & Budgeting
  • a Financial Literacy Pre-Test - rate yourself with your comfortability with Financial Literacy before the program.

  • Self-Sufficiency Matrix – Rate yourself on how self-sufficient you are with Financial Literacy.

  • Financial Literacy Program Goals – set goals for yourself to work towards over this course of the program.

  • Annual Credit Report - You will fill out a credit report and send it in if you are comfortable doing so.

Session 2: Do's & Don'ts of Debt Management
  • Check-in to see how you are doing on your goals.

  • Financial Literacy Quiz - to see what knowledge you already have about Financial Literacy.

  • Spending Plan Case Study – You will be given a Case Study to have you help the person in the scenario make spending cuts to save money.

  • Cash Flow Budget Worksheet – the coordinator will help you create a budget with your own finances.

  • Weekly Spending Tracker – Track your spending for Four weeks to get an idea of where you spend your money.

Session 3: Planning, Tracking & Spending
  • Check-in to see how you are doing on your goals.

  • Go over Weekly Spending Tracker and discuss experience/thoughts.

  • Second Spending Plan Case Study - You will be given a Case Study to have you help the person in the scenario make spending cuts to save money.

Session 4: Smart Credit - Smart Savings
  • Go over credit score – Your credit score should be back by then and you will go over your score and what that means.

  • What makes up a credit score – Discuss the different factors that make up a credit score.

  • Reasons your credit score changes – match the different scenarios to if they help raise or lower your credit score.

Session 5: Tools for a Successful Financial Future
  • Self-Sufficiency Matrix – Rate yourself on how self-sufficient you are with Financial Literacy. Did it stay the same or do you feel more self-sufficient with your finances?

  • Financial Literacy Post-Test - rate yourself with your comfortability with Financial Literacy after the program.

  • Presentation Evaluation – Evaluate your understanding of Financial Literacy after completing the program.


 

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