Southeastern Vermont Community Action (SEVCA) is providing a series of 4 Financial Fitness workshops to provide training, support, and resources to help participants gain control and manage their money. Workshop topics include: creating a personal, workable budget; reducing debt; setting personal goals; modify spending; basics of banking; plus credit building.
Workshops are free to Vermont residents. SEVCA will provide a gift card cash incentive to those Vermont residents affected by Covid who attend Workshops 1,2, and 3. Courses will be offered on Zoom, an online platform. Additional counseling is available to attendees.
Zoom Workshop dates and time for October 2022:
Workshop 1: Thursday, October 6: 6pm-7pm
Workshop 2: Thursday, October 13: 6pm-7pm
Workshop 3: Thursday, October 20: 6pm-7pm
Workshop 4: Thursday, October 27: 6pm-7pm
Workshop 1: Take Control of Your Money – Create a Budget
Date: October 6: 6pm - 7pm
Understanding and tracking the details of your financial situation is the start to making better money decisions and building a more secure future. When life situations change, and it often does (job loss, illness, birth of a child, new job, divorce, etc.) it’s time to review how to manage your money. This workshop will help you take control of your money by taking the first step by...creating a budget. We’ll learn what a budget is, why use it, and create and review a budget step by step.
Workshop 2: Manage Your Expenses - Set Your Goals
Date: October 13: 6pm - 7pm
After creating a budget, the next step is to review the expenses then identify goals. Goal examples are: paying off debts, saving for a car, or building an emergency fund. Creating a plan and taking control of income and expenses helps achieve goals. We’ll look at ways to lower expenses, increase income, what to do with bills you can’t pay and using strategies to achieve goals.
Workshop 3: Credit – Tame the Credit Beast
Date: October 20: 6pm - 7pm
Let’s face it, using credit to make purchases make life more convenient. But when credit (loans and credit cards) are overused, they become a trap and one of the biggest barriers in reaching financial goals. This workshop reviews credit: The do’s and don’ts of credit, how to avoid credit traps and ways to get out of credit card debt. We will learn about “Your FICO Credit Score”, how it affects your lifetime of interest rates, how interest impacts monthly payments, and how to improve a credit score.
Workshop 4: Banks and Credit Unions – Protect and Grow Your Money
Date: October 27: 6pm - 7pm
Where money is kept, whether it’s in a bank, credit union or under the mattress, does affect finances. This workshop explains the differences between banks and credit unions plus describes the accounts, benefits, and services (and fees) they offer. We will look at checking accounts, debit cards, savings accounts, loans and interest rates, plus strategies to grow and protect money. We’ll look at “Instant Cash” payday loans, how to protect your information and Identity theft.
This workshop is open to all, and a required program for those participating in our Individual Development Account (IDA) program. This course provides essential information about managing everyday finances as well as long-term expenses. Planning, budgeting, and building credit are crucial for financial independence. Topics include: Saving; Spending; Credit Retirement; Investing/Insurance; Real Estate; Protecting your family and yourself; Paying for college; Future goal setting
Duration: 4 weeks; 1 day / week; 1 hours / day
Cost: Free Restrictions: None