LEVEL UP Credit Improvement Movement

Service Description

Overview The Financial Foundations program is a transformative initiative designed to empower African American adult learners residing in Tacoma Housing Authority with essential financial knowledge and skills. Tailored to those with limited financial education, this program focuses on fostering financial empowerment through practical learning and community support. Program Goals The program aims to equip participants with the tools necessary to improve their financial literacy, manage personal finances more effectively, and achieve long-term stability. Specific objectives include: Understanding Basic Financial Concepts: Introducing fundamental financial principles and practices. Developing a Positive Money Relationship: Helping learners reshape their perspectives on money based on cultural backgrounds and experiences. Implementing Effective Financial Strategies: Teaching skills such as budgeting, debt management, credit improvement, and saving. Empowering Financial Decision-Making: Encouraging informed and confident financial choices that align with personal and family goals. Curriculum Structure The curriculum is structured into four dynamic lessons, each covering specific content areas from the "Level Up Credit Improvement Movement" syllabus: Lesson 1: Building Financial Awareness and Planning Focuses on understanding personal financial situations, creating budgets, and setting realistic goals. Lesson 2: Advanced Financial Management Strategies Advances into managing debts, understanding credit scores, and exploring additional income opportunities. Lesson 3: Debt Management Deep Dive Concentrates on in-depth strategies for handling and reducing debt through various methods like consolidation and negotiation. Lesson 4: Long-Term Financial Planning and Empowerment Encourages setting long-term goals and planning for future financial health, including saving for significant expenses like home ownership. Teaching Methodology The program employs a blend of instructional techniques: Interactive Workshops: Hands-on sessions with activities like budget creation and debt management role-plays. Case Studies: Real-life scenarios to apply concepts in a supportive environment. Group Discussions: Opportunities to share experiences and learn from peers. Visual Aids and Worksheets: Tools to facilitate understanding and practical application, including budget templates and debt repayment plans.