Somerville Community Corporation

We are currently offering a 4-week session of Financial Literacy classes. These classes were created to educate students and to give them the confidence and abilities to be self-sufficient with their finances. These in-person classes give the students the opportunity to ask questions or express any concerns during the presentations/classes. These classes were created so that everyone has a better understanding of finances and how to manage their money/finances.

Group Financial Literacy Classes

These classes are a great source to learn about Budgeting, Credit, Debt Management and Savings & Investments.

The Financial Literacy classes could be in a small or big group, and it will be led by two instructors/facilitators.

Class List

• Budget
  Learn how to calculate your income, calculate expenses. Develop a spending plan. The guideline for a budget. Fixed and variable expenses. Ways to increase income and ways to reduce expenses.
• Credit
  Learn the wise and unwise use of credit. Establish, use, and protect your credit, characteristics of credit, your credit score, what affects your credit score and components of a credit report.
• Debt Management
  Learn what is a debt, types of debt, what’s is a good debt and bad debt, who are debt collectors, understanding the importance of debt management, how to get out of debt and two methods for tackling debt.
• Savings & Investments
  Learn about emergency funds, the 50-30-20 rule (needs, wants, savings), the difference between savings and investments, savings tips, what to do with your savings, investments and the different “types” of investments, types of insurance companies and why is important to have life insurance.

For additional information, please contact Metushael Jacques, Asset Building Specialist at 617-410-9916 or mjacques@somervillecdc.org