Money and credit management are not innate skills. Rather, sound fiscal management is developed through learning the tools and the knowledge necessary to build a stable financial life based upon firm financial principles. With these topics being far removed from most educational curriculums and family households, it is no wonder that consumers are making poor financial decisions and not using credit responsibly. According to the Federal Reserve Board, consumer debt has grown to a staggering $2.4 trillion as of the end of 2006. Given that, now, more than ever, consumers should start to rethink their spending habits and the way they think about saving and spending money, as well as using credit. Poor financial decisions and a lack of consumer knowledge can lead to serious consequences. Last year alone, over 621,000 Americans filed for bankruptcy.

The goal of the agency’s online money management education course is to provide basic proactive financial education regarding the following topics: Choosing between “wants” and “needs”; developing sound financial habits regarding spending versus savings; examining one’s current budget, including income, expenses and net worth; developing a workable budget (including short- and long-term goals, identification of factors that cause financial problems, and how budget adjustments can help with goal achievement); understanding the types and costs of available credit, wise credit strategies and alternatives to credit, as well as warning signs of credit misuse; understanding credit reports and credit scores, in addition to consumer laws and regulations which protect consumers; rebuilding credit through positive credit habits; understanding and avoiding predatory lending and/or identity theft; and understanding various types and costs of insurance and how to decide how much coverage is sufficient.

The goal of the agency’s in-person money management education course is to provide basic proactive money management education. Budgeting tips and skills will be discussed, such as setting financial goals, choosing between “wants” and “needs,” allocating for periodic expenses, prioritizing spending, keeping accurate records, developing a written budget, and setting aside for savings/emergency funds. During the agency’s in-person credit management education course, the instructor will discuss with participants the different types of credit available, the true costs of credit, the tips for wise credit management, ways to establish/re-establish credit, and the importance of obtaining/reviewing/disputing credit history.

The cost of our online course is $25; to enroll, click here. There is no charge for our in-person course (however, we do accept donations).