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The Money Smart Training Program - Modules
Bank On It
Time
60-90 Minutes
Objectives
By the end of this course, participants will understand available banking services and how to build a positive relationship with a financial institution. To achieve this objective, the participants will be able to:
- Identify the major types of insured financial institutions.
- Identify five reasons to use a bank.
- Describe the steps involved in opening a bank account.
- Describe two types of
deposit accounts.
- Identify additional bank services that come with deposit accounts.
- Describe the primary function of the bank customer service representative, teller, loan officer, and branch manager.
Borrowing Basics
Time
90 Minutes
Objectives
By the end of this course, participants will understand how credit works and if they are ready to apply for credit. To achieve this objective, the participants will be able to:
- Define credit.
- Explain why credit is important.
- Distinguish between secured and unsecured loans.
- Identify three types of loans.
- Identify the costs associated with getting a loan.
- Explain why it is important to be wary of rent-to-own, pay-day loan, and refund anticipation services.
- Determine if they are ready to apply for credit.
Check It Out
Time
120 Minutes
Objectives
By the end of this course, participants will understand how to use a checking account responsibly. To achieve this objective, the participants will be able to:
- State the benefits of using a checking account.
- Determine which checking account is best for them.
- Identify the steps involved in opening a checking account.
- Add and withdraw money from a checking account.
- Reconcile a check register with a bank statement.
Money Matters
Time
60 Minutes
Objectives
By the end of this course, participants will understand how to manage money by preparing a personal spending plan and
identifying ways to decrease spending and increase income. To achieve this objective, the participants will be able to:
- Track daily spending habits.
- Prepare a personal spending plan or budget to estimate monthly income and expenses.
- Identify ways to decrease spending and increase income.
- Identify budgeting tools that will help them manage their money.
Pay Yourself First
Time
60-90 Minutes
Objectives
By the end of this course, participants will understand ways to save money and savings options to save toward their goals. To achieve this objective, the participants will be able to:
- Explain why it is important to save.
- Determine goals toward which they want to save.
- Identify savings options.
- Determine which savings options will help reach savings goals.
Keep It Safe
Time
120 Minutes
Objectives
By the end of this course, participants will understand how to protect their finances and identity. To achieve this objective, the participants will be able to:
- Identify the laws and regulations that protect their deposits.
- Identify the laws and regulations that protect them when applying for a loan.
- Guard against predatory lending practices and identity theft.
- Describe how to be financially prepared for disasters.
To Your Credit
Time
90 Minutes
Objectives
By the end of this course, participants will understand how to read a credit report and how to build and repair their credit history. To achieve this objective, the participants will be able to:
- Describe the purpose of a credit report and how it is used.
- Order a copy of their credit report.
- Read their credit report.
- Identify ways to build and repair their credit history.
Charge It Right
Time
90 Minutes
Objectives
By the end of this course, participants will understand credit cards and how to responsibly use them. To achieve this objective, the participants will be able to:
- Describe the purpose of credit cards.
- Determine which credit card is best for them.
- Identify the factors creditors look for when making credit decisions.
- Describe how to use a credit card responsibly.
- Identify the steps to take when a credit card is lost or stolen.
Loan To Own
Time
90 Minutes
Objectives
By the end of this course, participants will understand general information on installment loans, including car loans and home equity loans. To achieve this objective, the participants will be able to:
- Identify various types of installment loans.
- Explain why installment loans cost less than rent-to-own services.
- Identify the factors lenders use to make loan decisions.
- Identify the questions to ask when purchasing a car.
- Describe the advantages and disadvantages of borrowing against a home.
Your Own Home
Time
90 Minutes
Objectives
By the end of this course, participants will understand information on the steps involved in buying a house. To achieve this objective, the participants will be able to:
- Describe the benefits and pitfalls of renting versus owning a home.
- Identify the steps required to buy a home.
- Identify questions to ask to determine their readiness to buy a home.
- Identify basic terms used in a mortgage transaction.
- Describe the advantages and disadvantages of different mortgage options.
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