FINANCIAL WORKSHOP KITS

TRANSITIONAL HOUSING

1

FINANCIAL WORKSHOP KITS

2

WELCOME & INTRODUCTIONS

FINANCIAL WORKSHOP KITS

Dealing with an emergency housing situation Finding ways to generate income Controlling expenses and cutting debt Starting a savings habit

OBJECTIVES

3

FINANCIAL WORKSHOP KITS

IF YOUR HOUSING IS AT RISK NOW

4

FINANCIAL WORKSHOP KITS

FINDING EMERGENCY HELP

5

FINANCIAL WORKSHOP KITS

Part-time jobs Volunteering at a nonprofit

• Gain experience• Make job connections

Sell your stuff• Garage sale

WAYS TO EARN EXTRA MONEY

6

FINANCIAL WORKSHOP KITS

NEEDS vs WANTS

7

FINANCIAL WORKSHOP KITS

Utility bills Transportation costs Food costs Plug spending leaks

CONTROLLING EXPENSES

8

FINANCIAL WORKSHOP KITS

Create a Spending Plan• Identify your income• List your expenses• Compare income and expenses

TRACKING YOUR MONEY

9

FINANCIAL WORKSHOP KITS

Top 10 signs of too much debt Nine quick ways to start getting

out of debt Avoid predatory lenders

• Pawnshops• Rent-to-own• Tax refund–anticipation loans• Check-cashing stores and

payday loans

DEALING WITH DEBT

10

FINANCIAL WORKSHOP KITS

Start Saving Now• Using bank or credit

union accounts• Paying yourself first• Saving for emergencies

‣ Goal: Set aside enough to cover three months of basic living expenses

STARTING A SAVINGS HABIT

11

FINANCIAL WORKSHOP KITS

REVIEW

12