Financial Planning Process
What is the 1st step?
Determine your current financial situation
What % of the on-time payments is the credit score breakdown?
35%
What program provide to personal/families experiencing a food crisis.
What is Food Baskets?
Where do we need to start talking about Money?
Home
Focuses on the knowledge and skills you need to make effective and informed money management decision/s
What is financial Literacy?
What is step 2?
Develop your financial goals
What is the credit score break down % for capacity Used?
30%
Agency will participate the telephone life line discount programs and cell phone to eligible low-income households.
What is LIFELINE?
Who should we pay first, when you get paid
yourself
Who are the consumers in Capitalism?
We Are
What is step3?
Identify alternative courses of action
What is the % of length of credit history?
15%
Agency will assist in the purchase of school supplies and uniforms for low-income elementary-high school aged youth.
What is Pencils to Pens?
What credit card do you need to start building credit
Secured card
What percentage of respondents flunked a basic financial literacy test?
63%
What is step 4?
evaluate alternative. consider life situation. assess risk. money opportunity
What % is types of credit used
10%
what is the Sumer Youth Employment?
Agency will provide low-income youth with work experience to improve employment skills and provide additional household income.
At what age should I introduce the concept of investing
age 12
List 3 of the five essentials for any income level
1. talk about money at home
2. teach the concept of paying yourself
3. secured card
4. Concept of investing
5. Take advantage of teaching in everyday situations
when you get paid, who should you pay yourself?
YOURSELF
What is the past credit applications %?
10%
Who is director f the HELP Agency?
Who is Tomica McDonald?
What is an advantage in an every day teaching finance?
online banking...…..
flow of income...…..
flow of monthly payments...……..
flow in and out...……..
bank statements...……...
Who gives assistance with financial literacy
Alter Ego Business Solutions