Money 101

Financial Literacy
For those individuals that have concerns about their credit, we have instituted a Financial Fitness Program - Money 101. This program consists of four classes once a week for four weeks. The program covers all of the basic fundamentals that a person should know about their finances and how to begin correcting their credit in preparation for homeownership. The contents of this program are structured around the following areas:
  • Banking and Services / Money Management
  • Savings and Credit
  • Debt and Rebuilding Credit
  • Predatory Lending and Identity Theft and Energy Star Money
The workshops consist of PowerPoint presentations and group exercises that will help better facilitate the importance of getting one’s personal finances in order. Individuals will also meet with a counselor to review credit, housing expenses and develop an individualized action plan once they have completed the classes.

If you are interested in attending a Money 101 session please email us or call us at 516-572-1903 to register for the next available session.

Class Agenda
Class 1 - Banking Services / Money Management
  • Benefits of checking accounts
  • ATM and Debit card tips
  • Understanding and Controlling Finances
  • Setting up a budget
  • Tracking your expenses
Class 2 - Savings & Credit
  • Pay yourself first- Strategies to reduce spending
  • Saving for financial goals and the unexpected
  • How credit affects us
  • Characteristics of a credit card
  • Healthy credit use
  • Potential problems with credit card use
  • Guest Speaker
Class 3 - Debt & Rebuilding Credit
  • What a credit report is and how it is used
  • How to get a credit report
  • Repairing and maintaining good credit
  • Tips to avoid debt
  • Resources for debt management
  • Guest Speaker
Class 4 - Predatory Lending & Identity Theft
  • Avoiding predators - Predatory vs. Sub-Prime
  • How to avoid scams
  • Your rights as a consumer
  • Techniques to protect your identity
  • What to do if you become a victim