The goal of this session is to introduce participants to the fundamentals of personal finance as it relates to buying and owning a home. We'll start by answering some basic questions:
What are the costs and expenses associated with the purchase and upkeep of your new home? What are the requirements and prerequisites to get a home loan?
Next, participants will learn about budgeting and money management and how to apply those principles to their own lives. Then, they will learn about credit, credit building, and credit repair. From there, participants will get into a discussion about insurance, interest, maintenance, and taxes; the primary additional expenses that renters wouldn’t have to worry about. Finally, participants will go through the exercise of assessing their own financial situations and creating financial goals and milestones for themselves.