1 / 21

Orientation

Orientation. Welcome. This program is about YOU! Gain greater financial control Part of Mayor’s Action Challenge for 500 Families Financially Fit for the Future Create your financial plan Establish lasting financial change. Tell Us About. You. My Future. Vision for you. Bank On.

kiora
Download Presentation

Orientation

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Orientation

  2. Welcome • This program is about YOU! • Gain greater financial control • Part of Mayor’s Action Challenge for 500 Families Financially Fit for the Future • Create your financial plan • Establish lasting financial change

  3. Tell Us About You

  4. My Future • Vision for you

  5. Bank On • Strengthen your finances • Develop solid relationships with trusted financial partners. • Relationships build opportunity for you. • Coaches = see list of participating financial institutions

  6. Bank On Components • Once per month classes • Calendar of all classes can be found at Bank On Blog • http://bankonvb.blogspot.com • Scheduling: if you cannot make your class time, check the calendar for alternate classes – Notify us. • Homework assignments help you complete your financial fitness plan • Classes are fun and interactive so don’t be shy about bringing your questions

  7. Bank On Components • Coaching • Financial Institutions offer coaches • You must proactively schedule time with your coach. • This is your champion to help you build a stronger financial foundation • Products: • Participating financial institutions offer low cost and second chance products

  8. Finding your Coach • Each financial institution offers specific branches to find coaching • Some financial institutions offer coaching for non-clients • Some churches are offering faith based coaching • Some volunteers are offering coaching outside of work hours • You must contact your coach

  9. Bank On Lessons • 10 Monthly Classes with Information you can apply to your personal financial plan • Orientation • Basics of Banking and Checking • Crisis Management • Financial Management – Budgeting • Credit Building • Pay Yourself First • Keep It Safe • Next Steps

  10. Incentives • Matched Savings Available • Funding raised by Interfaith Alliance at the Beach • Match $150 to fund emergency savings • You become your own payday lender • Requirements • Attend ALL 10 Bank On Classes • Virginia Beach Resident • One per household • Meet with Coach 9 times (Coach recommends you on application) • Save $150 of your own

  11. Mayor’s Action Challenge • 500 Families Financially Fit for the Future • Improve income opportunity • Improve savings • Reduce debt • Improve Credit Score • Build Assets for future • Improve Financial Knowledge

  12. Financial Empowerment Passport • Starting Position • Coaching Team • SMART Goals -Prioritize Goals with Strategies • Financial Knowledge – Record Classes Attended

  13. Challenges – Each lists community resource partners Income Tax Money Management Asset Building Credit Affordable Housing Consumer Protection Action Challenges

  14. Turn to Income Challenge You may have completed some of the requirements for the challenge You can self certify that these have been completed by marking “N/A” or the date they were completed. In the “Verified” column add your initials Support for your challenges: Community Resource Partners Coach Challenge Review

  15. Ending Position Challenge Summary Partner Directory Notes Passport Components Continued

  16. Asterisk/Bold Employment (Note: Also include retirement income as employment) Stable income sources are a mark of financial stability and so become a requirement for the Mayor’s Action Challenge Complete the required challenges Submit Passport for Completion Passport will be returned to you Requirements for Mayor’s Action Challenge

  17. Savings Campaign to inspire you to Make a commitment to savings create a written savings goal Writing a goal – more likely to implement You save in your preferred location Mattress  Bank/Credit Union Loadable Card Creating a savings plan is key to breaking payday living Virginia Saves

  18. Flyers for Community programs available at sign-in table Programs address special interests Homeownership Other Educational Classes Foreclosure Prevention Job Opportunity Special Products offered by our Partners Community Programs

  19. Sign-in for each class Instructor signs Passport for completion of class If you need to attend another class, contact bankonvb@vbgov.com or 385-3551 Complete Homework Assignments Reach out to your coach Class Guidelines

  20. Get Your Annual Credit Report Get your credit score (CreditKarma free) Complete Starting Position Join Virginia Saves Complete MY Future Visit Blog http://bankonvb.blogspot.com Schedule Appointment with coach Homework

  21. Questions?

More Related