Financial Education Classes
Our financial education courses and counseling sessions are designed to address disparities in savings and banking directly by changing student’s thinking and behavior around money.
Financial literacy is an essential and missing skill for most new immigrants to Maine, who often come from countries with cash-based economies and lack knowledge about the financial system in the United States. In our classes, we teach our students all about savings, budgeting, building a credit score, opening an account at a bank or credit union, how loans work, about different kinds of insurance and why they are needed or sometimes required, investments and how to save and pay for a car, house, or education.
Foundational education courses include Basic Money Management and Saving to Build Wealth.
Basic Money Management:
This 5-week class teaches how money works in America and gives you the tools and skills for managing your money so you can achieve your goals. When you take this course you will learn:
How to set financial goals and develop good spending habits
All about bank accounts! What are the different types of accounts and how to use them
Creating and following a budget: Learn best practices for saving and spending wisely
Building good credit—We’ll teach you how credit works and how to avoid getting into trouble
Mondays on ZOOM
November 20th – December 18th: 5:30 - 7:00 PM
Wednesdays on ZOOM
January 10, 17, 24, 31 and February 7th: 10:00 AM – 12:00 PM
*Most schedules repeat monthly. Please contact ProsperityME if you have questions about the schedule or registration.
Saving to Build Wealth:
Once you take Basic Money Management, the next step is learning how to turn the money you make into your American Dream. This course covers:
Make saving money in a separate bank account a routine and see how fast it can add up
Learn how to save for college and open a 529 college savings plan
We’ll explain how to begin investing; including mutual funds, bonds, equities and how they work
Retirement planning: Make sure you have enough money to live on later in life
BY REQUEST ONLY! Please contact ProsperityME if you would like to request Saving to Build Wealth. A minimum of 5 students is required.