1. Meeting Financial Responsibilities
Getting Your Needs Met by
Not Putting All Your Eggs Into One Basket
Presented by:
Kathleen E. High, M.Ed., CCSP, GCDF-I
Independent Education/Career Consultant
Your Dreams & Goals
Presented to:
Clients of:
Orange County One-Stop Center

2. Overview
This workshop will give participants helpful and practical information designed to help them identify the attitudes and expectations that allow them to find creative solutions to addressing their financial needs. It will also help them explore many options for generating income, lowering financial responsibilities, reducing expenses, and identifying resources for coping with seasons of financial emergency, such as a loss of income. 

3. Disclaimer:
The author claims no special training in financial planning, nor does she want the readers to expect such expertise from her. Her expertise for this subject comes from personal experience of responding to a lay-off by returning to school to make a mid-life career change while having no financial reserves on which to depend. Her experience also includes her professional experience working with students and other adults living through similar circumstances.

4. Learning Outcomes: Participants will:
Understand how expectations affect their ability to think creatively.
Develop options available for establishing a source of income.
Gain tips for lowering financial responsibilities.
Gain strategies and tips for reducing expenses.
Identify solutions for handling seasons of financial emergencies. 

5. Understanding How to Meet Your Financial Responsibilities
Change Your Expectations
Establish a Source of Income
Lower Your Financial Responsibilities
Strategies and Tips for Reducing Expenses
Solutions for Emergency Situations

6. Change Your Expectations
This Approach Is Time and Energy Consuming
Everyone’s Situation Is Different
More Than One Way To Meet Your Needs
Know Your Priorities
Live within Your Means – Even If Your Means Have Dropped
Change Your Lifestyle
Distinguish the Difference between “Needs” and “Wants”
Adopt a Collectivistic Mindset
For A Season and For A Reason

7. “Needs” vs. “Wants”

8. Reflection: Changing Your Perspective
Take a few minutes to reflect on the following questions:
What have you learned that was new to you?
How can you apply it to your life? Are there any expectations you should consider revising?

9. Establish a Source of Income
Ongoing Sources of Income
Employment
You and/or Your Spouse
Part-Time
Temporary
Rental Income

10. Financial Aid For Students
Two Types:
Need-based
Merit-based
Types of Aid
Grants
Fee Waivers
Scholarships
Work Study
Loans
School-Sponsored Special Discount Programs

11. Other Financial Assistance Programs
Unemployment
Severance Packages
Disability
Veteran’s Benefits
Employer-Sponsored Tuition Reimbursement Programs
Retirement

12. Short-Term Sources of Income
Your hobbies/Interests
Selling Assets
Online/Yard/Garage Sales
Selling Back Textbooks
Buyer’s Remorse

13. Reflection: Establish a Source of Income
Take a few minutes to reflect on the following questions:
What are your current sources of income?
Which new ideas are feasible for you to consider as possible sources of income?

14. Lower Your Financial Responsibilities
Fixed Expenses
Variable Expenses
Required/Optional Expenses
Debt Management Consultants
Refinance Loans
Downsize

15. Reflection: Lowering Your Financial Responsibilities
Take a few minutes to reflect on the following questions:
What have you learned that was new to you?
How can you apply it to your life? What monthly expenses can you reduce?

16. Strategies and Tips For Reducing Expenses
Shop Around
Coupon Shopping
Buy Less Expensive Versions
Buy Used Instead Of New
Trade/Barter
Carpool and/or Use Public Transportation

17. Strategies and Tips For Reducing Expenses (Cont’d)
Student Support Services
Resources For Small Businesses And Non-profit Businesses
Adopt An Environmentalist Perspective
Reduce
Reuse
Recycle
When Things Need To Be Replaced
Hire Students
Entertainment
Do It Yourself

18. Reflection: Strategies and Tips For Reducing Expenses
Take a few minutes to reflect on the following questions:
What have you learned that was new to you?
What options can you realistically consider to help you reduce your expenses?

19. Solutions For Emergency Situations
Utilize Multiple Resources
Identify Support Systems
Bankruptcy
Emergency Social Services
Lending Institutions
Living on Credit Cards

20. Reflection: Solutions for Emergency Situations
Take a few minutes to reflect on the following questions:
Who/What Is Your Support System?
What resources should you consider as solutions for emergency situations?

21. Conclusion/Summary
Meeting Financial Responsibilities involves five things:
Change Your Expectations
Establish a Source of Income
Lower Your Financial Responsibilities
Strategies and Tips for Reducing Expenses
Solutions for Emergency Situations

22. Final Reflection:
Now that you have completed this workshop, take the time to reflect on your response to what you learned.
Set some goals for how you can apply these concepts to your life.