We are currently offering a 4-week session of Financial Literacy classes. These classes teach the skills and provide the confidence needed for students to be self-sufficient with their finances. The in-person format provides opportunities to ask questions or express any concerns during the presentations. Upon completion, you will have a better understanding of your finances and how to manage your money.
Group Financial Literacy Classes
Learn about Budgeting, Credit, Debt Management and Savings & Investments.
The Financial Literacy classes could be in a small or big group, and it will be led by two instructors/facilitators.
Class List
- Budget
Learn how to calculate your income, calculate expenses. Develop a spending plan. The guideline for a budget. Fixed and variable expenses. Ways to increase income and ways to reduce expenses. - Credit
Learn the wise and unwise use of credit. Establish, use, and protect your credit, characteristics of credit, your credit score, what affects your credit score and components of a credit report. - Debt Management
Learn what is a debt, types of debt, what’s is a good debt and bad debt, who are debt collectors, understanding the importance of debt management, how to get out of debt and two methods for tackling debt. - Savings & Investments
Learn about emergency funds, the 50-30-20 rule (needs, wants, savings), the difference between savings and investments, savings tips, what to do with your savings, investments and the different “types” of investments, types of insurance companies and why is important to have life insurance.
One-on-One Financial Counseling
At Somerville Community Corporation, we believe that financial wellness begins with you. After all, everyone has unique circumstances and different financial goals. We work with you to ensure you are prepared for any financial challenge and that you ultimately achieve your goals. Once you are on a course in improving your financial health, we help you with a long-term strategy to plan your financial future right.
Life happens. Whether you’ve found yourself struggling with debt, want to improve your credit score, or are just looking for a financial refresher, we’re here for you.
Counseling Highlights
Our financial counselor will work with you to develop a personalized action plan and ongoing support to achieve your financial goals – at any stage of your financial wellness journey. Free, confidential counseling with a compassionate, understanding approach and flexible scheduling that works for you!
A financial counseling session is always tailored to your needs and goals. We can provide information, support, and problem solving. Talking about money can be hard, but we’re here to make it less stressful. You can schedule as many as you want to.
Through personalized one-on-one counseling, we can assist you with:
- Understanding basic financial principles
- Learning money management
- Creating financial goals
- Managing debt and financial stress
- Creating and maintaining an efficient monthly budget
- Improving, understanding, and building credit
- Creating a sustainable savings plan
- Preparing to become a homeowner.
Things to know:
- This is for anyone!
- Financial counseling is FREE
Regardless of your financial position, our one-on-one financial counseling program is free, flexible, and confidential. Appointments are available in-person or/and virtual.
For more information, please contact info@somervillecdc.org