Financial Fitness

financial fitness with two stick figures holding the word "financial"

Why Financial Fitness?  Because 76% of us live paycheck to paycheck and half of have less than one month’s income saved for emergencies.  There are some people who love to budget and make financial plans but that truly is not the norm.  Are you ready to take charge of your finances?  The Financial Fitness classes will help you make a plan to get a handle on your finances and provide good resources for long range planning.

The six-week series of interactive financial education classes. will be offered Thursday evenings from 5:30-7:00 PM from October 4th through November 8th and are open to everyone.  Bron Briggs will be heading the class discussions.  Bron has a Bachelor’s degree in Business Administration and is working toward his MBA.   He is very excited about sharing his expertise!

The library will be serving a light meal with the classes and all materials will be provided.  In addition, the library will have a Resource Center of library materials and free resources available to customers.

The six sessions are modeled after the Smart Investing@your library® Fiscally Fit series.

Week 1:  Your Fiscal Strength
This sessions will cover how participants were  raised, examine their monty attitudes, and explore how experiences and even gender can affect our relationship with money.  Participants will be encouraged to examine how they can improve their relationship with money and make it a less emotionally charged issue.  Tracking will also be introduced during this session.

Week 2:  Booyah for your Budget
This class will cover in detail how to set up a budget, plan for periodic and variable expenses, why tracking is important and how to learn from it, how to start saving money and why, how to pay bills on-time, electronic bill pay, calendar method, and the importance of goal setting.

Week 3:  Credit Crunches
This session will cover reading credit reports, credit scoring, how certain actions affect credit scores, how to dispute incorrect items, and why good credit is important (interest rates, insurance, employment, etc), and protecting yourself against identity theft.

Week 4:  Basic Training for Borrowing
This class will cover things that participants need to know when borrowing money, how to get the best deal, types of loans, differences in credit cards, mortgages and pitfalls such as payday loans, rent to own, and overdraft fees.

Week 5:  Debt Drills
This session will cover ways to pay down debt and an overview of the different options to do including self-repayment plans, debt management plans, debt settlement, debt consolidation (including personal loans, home equity loans and borrowing from retirement) and bankruptcy.  Pros and cons of each option will be discussed.

Week 6:  Staying Fiscally Fit
This session will talk about looking ahead to the future, saving long-term (money market, CDs, Bonds), college savings, retirement, investments, and advantages to participating in your employer’s 401k/403b plan.

If you check the Financial Fitness website, there are lots of great resources available on all aspects of fiscal management.  Those topics and the links

Topics

folio, oklahoma department of libraries, FINRA sponsor logos