MANAGING YOUR MONEY AND MORE FOR HEALTHCARE NAVIGATORS

HIDDEN SLIDE: Facilitator Preparation Instructions 2

3 REGIONS FINANCIAL FUNDAMENTALS This information is general in nature and is provided for educational purposes only. Regions makes no representations as to the accuracy, completeness, timeliness, suitability, or validity of any information presented. Information provided should not be relied on or interpreted as accounting, financial planning, investment, legal, or tax advice. Regions encourages you to consult a professional for advice applicable to your specific situation. © 2014 Regions Bank.

MANAGING YOUR MONEY [Add your name and title here] 60 Minutes 4

1. How can you prepare a personal spending plan, stretch your paycheck and simplify your money management process? 2. What should you know about consumer credit reports, credit scores and applying for credit? 3. How can you be prepared in advance for things that may impact your financial situation? 4. You can pay your monthly household expenses, but are having trouble paying all of your loans. What options can you consider? AGENDA Today we will answer these big questions... 5 This information is general in nature and is provided for educational purposes only. Regions makes no representations as to the accuracy, completeness, timeliness, suitability, or validity of any information presented. Information provided should not be relied on or interpreted as accounting, financial planning, investment, legal, or tax advice. Regions encourages you to consult a professional for advice applicable to your specific situation.

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EDUCATE YOURSELF SET FINANCIAL GOALS ORGANIZE YOUR FINANCIAL GOALS EVALUATE YOUR PROGRESS IDENTIFY YOUR FINANCIAL GOALS 7

8 Set Financial Goals Develop and follow a personal spending plan 8 Balanced Flexible Realistic Know where your money comes from Know where your money goes A spending plan should be:

HIDDEN SLIDE: Handout: Personal Spending Plan, continued 9

10 WHERE DOES YOUR MONEY GO?

income 11 increase your

expenses know your 12

13 PERSONAL SPENDING PLAN—INCOME

14 PERSONAL SPENDING PLAN—EXPENSES

PERSONAL SPENDING PLAN TOOLS EXPENSE ENVELOPE SYSTEM BUDGET BOX SYSTEM BANK PERSONAL FINANCIAL MANAGEMENT SYSTEM OR SPREADSHEET SYSTEM 15

HIDDEN SLIDE: Spending/Savings Plan Tools, continued 16

Know Where You Are Keep accurate records Organize your files so it is easy to find important information Mail checks for bill payments at least one week before they are due or use your bank’s automated bill pay service Keep your tax records for at least three years Keep records in a safe place in your home or safe deposit box 17

“Uh oh. What do I do when there are more expenses than income?” 18

HIDDEN SLIDE: More Expenses Than Income, continued 19

“What can I do to increase my income?” “What can I do to decrease my spending?” 20

HIDDEN SLIDE: Handout: Increase Your Income and Decrease Your Spending, continued 21

THE ONE WEEK RULE BUDGET BUSTERS RENT STRETCHING YOUR PAYCHECK FIND FREEBIES 22

Decrease Spending Bargain hunting Comparison shop online before you buy Weigh quality vs. price Wait for sales Ask for a better deal on big ticket items Take advantage of group discounts Max out your savings Look for sample sales Consider outlet malls 23

HIDDEN SLIDE: Bargain Hunting, continued 24

UNDERSTANDING CONSUMER CREDIT REPORTS 25

inform yourself 26

WHAT IS IN A TYPICAL CREDIT REPORT? 27

CREDIT SCORES How much of a credit risk are you? Take Action! Poor Very Good Excellent OK or Fair Good Bad From FDIC’s Money Smart program 28

What determines your credit score? Past Payment History Outstanding Debt Length of Credit History New Applications for Credit Types of Credit SAMPLE CREDIT SCORE

HIDDEN SLIDE: FICO SCORE, continued 30

Credit Report Uses To obtain loans and other credit To get certain kinds of jobs For housing (rental applications and mortgages) To obtain insurance 31 Getting a Loan

APPLYING FOR CREDIT 32

HAVE A PLAN THAT SIMPLIFIES YOUR FINANCIAL SITUATION 33

34 FINANCIAL STABILITY PLAN 34 TALK WITH YOUR BANKER ABOUT YOUR ACCOUNTS & FINANCIAL NEEDS COPY IMPORTANT DOCUMENTS, POLICIES AND CONTACTS SIMPLIFY YOUR MONTHLY BANKING CREATE A COMPREHENSIVE CONTACT LIST

35 HIDDEN SLIDE: What to Have Ready, continued

Financial Stability Talk to your creditors Get credit counseling 36

Getting Help Credit Counseling Agencies Interview several companies before signing a contract Be sure they are reputable Ask questions about services, fees and a repayment plan 37

CONGRATULATIONS Today, you will leave with: The steps for setting financial goals Worksheet for tracking spending habits Worksheet for saving and spending plan to estimate income and expenses Important information about credit reports and credit reporting agencies Considerations for creating a contingency plan for financial stability Thank you. 38 This information is general in nature, is provided for educational purposes only, and should not be relied on or interpreted as accounting, financial planning, investment, legal or tax advice. Regions neither endorses nor guarantees this information and encourages you to consult a professional for advice applicable to your specific situation.

WANT TO LEARN MORE ABOUT HOW REGIONS CAN HELP YOU MEET YOUR FINANCIAL GOALS? To make an appointment with a Regions banker: Call the Regions Green Line at REGIONS Go to regions.com and click “Make an Appointment” Visit any Regions branch 39