#BETTER MONEY HABITS WORKSHOPS HOW TO#
#BETTER MONEY HABITS WORKSHOPS SERIES#
#BETTER MONEY HABITS WORKSHOPS FREE#

#BETTER MONEY HABITS WORKSHOPS SERIES#

We are excited to bring this workshop series to more LIFT regions, partnering with Bank of America employees to train our advocates and enable more families to build strong financial foundations.

#BETTER MONEY HABITS WORKSHOPS HOW TO#

We realized that by connecting members to vital resources in the community (discounted internet, food pantries, transportation assistance) that reduce their monthly expenses, they can start to build savings for their broader goals.Īll in all, it was a hugely upLIFTing day and the LIFT-Philadelphia team is now equipped with the financial coaching tools they need to help members get ahead. Raising Kids Money Saving Money How to Break Bad Money Habits You Learned From Your Parents Turns out our parents are a huge influence when it comes to how we manage money as. Many advocates are still learning how to manage their own finances and they learned a lot of tips that will make them more confident discussing financial wellness.Īt the end of the session, we broke into small-groups to practice making budgets for LIFT members. For many LIFT members with little income, saving may seem daunting, but by putting a little away money every month they can begin to build a nest-egg for a security deposit, college classes, and life’s unexpected emergencies.īecause finances are such a personal issue, we talked about connecting your own efforts to reduce spending on everyday expenses to a member’s budgeting goals. Using three Better Money Habits™ videos from Khan Academy as teaching aid, an all-star team of Bank of America leaders talked about connecting budgeting to our member’s major life goals like getting a job, home, or education.

#BETTER MONEY HABITS WORKSHOPS FREE#

On Friday April 4 th, 4 Bank of America professionals led a lively discussion for 20 of LIFT-Philadelphia’s staff and advocates about the financial situation of LIFT members, their critical needs, and how we can incorporate conversations about expenses and savings into our ongoing work with members. BETTER MONEY HABITS WORKSHOP SERIES A free and engaging path to financial empowerment.Better Money Habits will help you make better sense of yourmoney. Youll learn best practices to stay on top of your. As part of our national critical needs partnership with Bank of America, we leveraged the bank’s financial coaching expertise to put on a “train-the-trainer” event for our staff and advocates in Philadelphia. Start off your post-grad life on the right financial foot by attending a Better Money Habits Workshop. Budgeting can be an uncomfortable, delicate topic, but we also know it’s an absolutely essential building block on the path to financial stability.įor Financial Literacy Month this April, we decided to launch a “Building a Financial Foundation” workshop series to train LIFT advocates on talking to members about budgeting and financial wellness.

There is something about talking about money that makes just about everybody squeamish. But there is a topic that can be difficult for our advocates to broach: PERSONAL FINANCES. Advocates work side by side with members to solve the biggest challenges in their lives and this often leads to very personal conversations about circumstances that put them on shaky ground. It will also give you information for compiling your personal budget and plugging any money drains.At LIFT, we help people find jobs, secure housing, and navigate to vital resources to meet their critical needs. This exercise reveals where and how your money flows and knowing that can be truly enlightening.

Gather receipts for every transaction and write up your expenditure at the end of each day.Īlso record all money received during the month.

Better Money Habits (Bank of America) Achieving Financial Independence lessons.

Use eft-pos for every transaction and then use your bank statement as the diary We provide training and technical assistance on how to deliver financial.

Use a notebook that is easy to carry in your handbag or pocket.

Your takeaway challenge is to keep a money diary for one month.Ĭhoose a method that best suits you from the list below and write down all your expenditures. This workshop will provide a wealth of information no matter where you are in your post-loss journey. This is a wonderful new opportunity we are excited to share with our spouses. Only by taking an honest account of your money reality can you see what is required to make change. JBetter Money Habits Virtual Workshop We are so fortunate to work with Bank of America and their Better Money Habits Experts and Volunteers. Those feelings of discomfort can’t hurt you but ignoring your money reality can. Look your money circumstances fair and square in the eye. To develop financial literacy you must do the exact opposite even if it makes you feel very uncomfortable. One of the very common situations when you don’t understand money or feel your money situation is not as good as you would like it to be, is to put your head in the sand and ignore things.

Better money habits workshops