Financial Health
Financial Health is a Critical Component to Peace of Mind
Achieving financial health is important for a secure and comfortable life. It involves managing expenses, building wealth, preparing for future financial burdens, and providing for daily living expenses. By prioritizing financial health, you can create a solid foundation for your future and ensure peace of mind. Your wealth and health depend on how well you manage your personal finances. No matter where you are in your life, if you manage your money and resources well, you will reduce your stress and work towards financial security.
11% of U.S. adults said that their household sometimes or often did not have enough to eat in the last seven days, while 1 in 5 adults living in rental housing could not pay their rent, according to 2021 data from the Census Bureau’s Household Pulse Survey.
Personal Financial Management
Your wealth and health depend on how well you manage your personal finances. No matter where you are in your life, if you manage your money and resources well, you will reduce your stress and work towards financial security.
Information Sessions
Developing a Spending Plan
This program focuses on building a spending plan that helps you accomplish your business and family goals and helps you organize a simple filing system for managing your money. It is beneficial to those who need a basic understanding of where to begin in gaining control of their finances. Length: 2 hours
Understanding Credit and Reducing Debt
If your goal is to reduce debt, this workshop will provide you with the tools to do it. We discuss weaning yourself off credit, credit reports and the importance of a credit history. Beneficial to those who need a basic understanding of where to begin in gaining control of debt and wise use of credit. Length: 2 hours
Tips and Strategies for Saving on A Tight Budget
If your goal is to try to begin or strengthen a savings plan, this workshop will provide you with the tools. We will also discuss simple techniques to “find money” to save, where to put your savings and identify motivators that will help you save. Length: 2 hours
Protecting Your Identity
Identity theft is the fastest growing area of consumer crime and one of the most difficult to resolve once it takes place. Do you know how to protect yourself? This session will give you tools to know what to do to prevent and what to do if it happens to you. Length: 1.5 hours
Creating a Retirement Paycheck
If you are pre-retirement and thinking about how much you will need in retirement, this class will help you learn how to calculate what you will need and provide strategies for using your savings assets to create a “retirement paycheck.” Length: 2 hours
Who Gets Grandma’s Yellow Pie Plate?
Everyone has personal belongings such as wedding photographs, a baseball glove or a yellow pie plate that contain meaning for them and for other family members. Planning to pass on such items can be challenging and may lead to family conflict. This program provides people with practical information about the inheritance of personal property. Length: 1.5 hours
What Every Child Should Know About Their Aging Parents' Finances, and How to Protect Your Own
This program is designed to help family caregivers understand the type of financial information and documents needed so they can perform their caregiving duties while also thinking about their own future. Participants will better understand their loved one’s financial situation, see more clearly how finances could change, and determine how best to communicate about caregiving and financial issues with family members. Length: 2 hours
Making Your Money Count
A four- or five-part financial education series that helps limited income participants understand their money personality, develop a spending plan, reduce debt, increase savings and understand insurance and the importance of a simple estate plan. Each session is 1.5 hours.
Cost: $50/person or $500 if sponsored by an agency.
Becoming Retirement Ready
This three-part series will review information and help participants develop confidence and skills in preparing for retirement. Most appropriate for those that have an understanding of basic financial concepts. A short pre and posttest will be used to help assess change over time. The series will include the following sessions 1) Crunching the Numbers, 2) Taking (Some of) the Mystery Out of Investing, and 3) Selecting a Financial Advisor. Length: 3, 1.5 hour sessions
Cost: $50/person or $350 if sponsored by an agency.
Professional Development
Training for Professionals and Those Supporting Others
Your Money, Your Goals
Financial Empowerment training- This full day workshop introduces those in the helping profession to the Consumer Financial Protection Bureau’s toolkit. This toolkit builds financial capability and confidence to work with others by providing accurate and timely information. It allows people to have reliable resources to share with clientele as financial topics need to be addressed.
Cost is $30/person when UD Cooperative Extension hosts the training. Cost if hosted by an organization is negotiated with this organization.