Orientation

LORI IRWIN, CFP ®, MBA FINANCIAL EMPOWERMENT COORDINATOR Contact: Phone: Presenter: _________________________

Welcome

Tell Us About

Bank On Benefits Strengthen your finances Develop solid relationships with trusted financial institutions/partners Builds opportunities for you Coaches (see list of participating financial institutions Products offered by financial institutions can help you save costs – some offer second chance banking products

Financial Challenge Financial Fitness Challenge 1.Improve income opportunity 2.Grow savings 3.Reduce debt 4.Improve credit score 5.Improve financial knowledge 6.Establish written goals with timelines and action steps to completion 7.Protect assets

Bank On Components  Once per month classes Calendar of all classes can be found at Bank On website Classes are fun and interactive so don’t be shy about bringing your questions  Homework assignments help you complete your financial fitness plan Complete prior to your next class Plan a little time each week to do homework financial freedom We are on a journey to financial freedom

Finding Your Coach  Each financial institution offers specific branches to find coaching Some financial institutions coach non-clients too  Trained volunteers offer coaching outside of work hours All volunteers have completed background check Some coaches here today Bank On Hampton Roads has a link for coach appointments as well  Coaching makes all the difference in the progress you achieve  You must contact your coach

Coaches Introduce themselves: Name Occupation Certifications Preferred Coaching Location/Times Finding Your Coach

Bank On Classes 1.Orientation - TODAY 2.Bank On It 3.Crisis Mode 4.Financial Management (2 classes) 5.Credit (2 classes) 6.Pay Yourself First 7.Keep It Safe 8.Next Steps

Matched Savings  Establish $150 of personal savings and receive a match of $150 ($300 emergency savings)  To be Eligible to $150 Match you must: 1. Complete all 10 classes of Bank On 2. Establish a savings account with a traditional financial institution 3. Meet 9 times with your Coach to establish sound financial practices 4. Establish personal savings of $150 or more for emergency needs 5. Submit for the Financial Challenge demonstrating financial capability Tab related to Matched Savings is at website:

Financial Empowerment Passport Your workbook as you complete Bank On Bring this Passport along with your completed homework to your Coach meeting –If using Excel version, bring electronic copy or print out Open to page 3 of Passport –Complete name and phone –This is your record for homework completion When you get your coach, add their contact to this page for easy reference.

 Turn to page 8 of your Passport  My Financial Team Your “little black book” of people to call for trusted help No sales and no strings – just volunteers investing in your success  Instructors name, and phone  Your coaches information can also go here  Resource partners Passport Click Here

NAME /PHONE NUMBER MY INSTRUCTOR(S) MY COACH OTHER FINANCIAL PROFESSIONALS Passport Click Here My Financial Team

 Turn to page 9  This is the list of homework assignments for this Orientation class  Top of page – add today’s date for date of class  Instructor Initials/Code: your instructor will give you a code for each class you attend as proof of attendance. Code for this class: GOAL write in your passport.  My class meets every _ _ _ - _ _ _ of each month at _ _ _ _ (time) Passport Click Here

 Completion ASSIGNMENT Complete “My Future” Worksheet: p. 12 Join Virginia Saves: Establish Savings Goal Obtain Credit Report from Complete Financial Assessment: pp Visit Bank On Website and answer: What dates are all the Bank On Classes for the coming month scheduled (List Below) ( : p. 11www.bankonhr.org Read Income Resource Guide: Read Homework Notes: below Reconcile Your Checking: Make Contact with Your Coach Need help? Call or Passport Click Here

Complete My Future Worksheet page 12 –List the things you would like to improve while you are in Bank On –Add a picture to help you visualize your end goal (dream book) Join Virginia Saves Campaign –Pledge to save for yourself –Save in your own account –Receive encouragement and e-wealth coach s –Receive texts if you include your phone number Obtain Credit Report from Homework Assignment:

–Income List all sources Use gross monthly income from pay stubs –Assets Accounts – take actual figures from statements Property – estimates There are websites that can help you with car/home values –Liabilities List Monthly Payment, Total Owed and Interest Rate Beginning of your debt reduction plan we will work on later Avoid Estimating – use actual amounts owed from credit report or from statements –Credit Score Free Sources: Credit Card Statements, CreditKarma, Credit Sesame –Alternative Credit questions Financial Assessment

Resource Guide Homework notes explain assignment Reconcile your checking account Meet with Coach (Coach will initial at meeting) Add the date in the Completion Column as you complete a monthly assignment. Monthly Assignments

  List ALL classes for coming month from calendar Calendar will provide date, lesson being covered and address for class  Read Income Resource Guide Provides listings of service providers to help you grow your income Education providers Employment providers Career coaching From Website

Questions?