Financial Education-Adults
Workshop Curriculum
The National Economics Department, NAACP
Financial Freedom Campaign

Program Outline
Total Workshop Time: 90mins

  1. Overview
  2. Purpose of workshop
  1. To provide accurate personal finance information so that attendees can make better fiscal decisions
  2. To facilitate constructive dialog around sensitive financial matters
  3. To direct participants to creditable resources
  1. NAACP’s Financial Freedom Campaign’s mission/ goals of implementing these program(s):
  2. To educate and empower
  3. To serve as advocates
  4. To build capacity
  1. Benefits of attending this workshop
  2. Access to accurate information
  3. Opportunity to ask questions of an expert
  4. Access to local and national resources
  5. Opportunity to network with other people of similar backgrounds, etc.
  1. Ice Breaker
  2. Do you track your money? Activity Participants will provide an estimated percentage of where their income goes on a monthly/yearly basis. A short discussion will be had about the importance of knowing your spending patterns, etc.
  1. Personal Finance: Fundamentals
  2. Section 1:Banking Basics
  3. What is Credit?
  4. Where does one get Credit?
  5. What are the various forms of credit
  6. Financial Institutions
  7. Credit Unions; Banks:etc
  8. Section 2: Developing a Spending Plan
  9. What is a spending plan?
  10. How do I develop a spending plan?
  11. Identify financial goals
  12. Identify Income
  13. Track your spending
  14. Evaluate your income v. spending
  15. Set Savings Goals
  16. Section 3: Managing Debt & Credit
  17. Tips on improving your credit score
  18. New overdraft rules for debt and ATM cards
  19. Organizational tools to help you manage your debt/credit

Activity: Scenarios- Participants will evaluate the fictional incomes, spending patterns, and budgets of fictional characters and assess whether or not that character is financially stable

  1. Planning for the Future
  2. Section 6: Saving and Investing
  3. A closer look at 401k, Roth IRA’s, Investment Portfolios
  4. Basic Investment and Savings tips
  5. Section 7: Getting Insured
  6. What is Insurance?
  7. Why is it important?
  8. Basic types of insurance:
  9. Homeowners insurance
  10. Renter’s Insurance
  11. Automobile insurance
  12. Tips for purchasing insurance
  13. Section 8: Know Your Rights
  14. The latest credit card policies
  15. Key consumer advocacy policies you should know about
  16. Key Consumer financial privacy laws
  17. Section 9: Scams/Frauds
  18. What are the most common scams/frauds
  19. Tips on how to protect your financial information

Activity: (Self Assessment) Participants will write down five things they will incorporate into their personal finance plan as a result of attending the workshop

  1. Ask the Expert
  2. General questions
  3. Participants write questions down on slips of paper, only those questions are answered)
  1. Closing
  2. Thank everyone for coming (including expert)
  3. Remind people to complete evaluation form
  4. Remind People to take home folders/packets and utilize information

______

Notes for Trainer Length: 1 hour 30 mins

Probing Questions:

  • Do you know how much you spend each week/month?
  • Have you compared your monthly income to your monthly expenses?
  • How do you decide what to spend on?
  • Do you have a plan for saving and spending money?

Learning Objectives:
By the end of this workshop, participants will learn:

  • Develop financial goals
  • Develop a financial plan for the future
  • Have the tools necessary to make better financial decisions

Key Activities/Quizzes:

  • Scenarios
  • Self Assessments

Materials & Preparation
Included in each folder:

  • PowerPoint Presentation Printout
  • Note pad
  • Handouts (Resource information)
  • Worksheets
  • Workshop Evaluation Form
  • Expert ‘s Business Card