What is Financial Education? Financial Education can help. Click here to View Financial Education Videos Financial Education is the development of sound money management practices that help reduce debt and increase assets for families and individuals based on a knowledge and awareness of the financial products and services that exist in the market place and how they work. The American Economy is very complex. The financial services industry is constantly creating new products and services. Government regulations are ever-changing. And as a society we are relentlessly bombarded with sales pitches and offers of every type that seem to say that if we just buy this product or that service that our lives will be immeasurably better. Consumers are overwhelmed by all this information and often misled. It takes a lot of dedication to read the fine print, the ten page disclosure notice, the government study to learn what is the right move for yourself or your family. Most consumers don’t have the time. Financial Education can help. Click here to Test Your Financial Savvy Where is Financial Education available? Consumers can get help in learning what they need to know to make a solid financial plan for their families from a variety of sources. CCR provides free workshops in a classroom setting on a regular basis in locations throughout the region. These informative, interactive workshops cover topics such as: banks and bank accounts making a financial plan for your future budgeting and savings debt management credit reports and credit history identity theft If you are interested in learning when our next workshop is scheduled, please contact us at:dyoung@ccrhv.org There are a number of websites dedicated to helping people learn more about how to manage their finances. If you just type “financial literacy” into a search engine, a number of sites will pop up. Be careful. Some of these sites exist only to sell you information that is likely available at no charge in other locations. There are also a number of books and publications available at your local library or in bookstores. Ask the librarian or bookseller for assistance.

Paying Just the MINIMUM? Check the REAL cost of you credit card debt. Enter your current debt:     You will pay a total of:   Including interest charges totaling:   You will make monthly payments for Years   * Assumptions: Minimum monthly payment is 3% of your outstanding loan balance; 18% nominal annual interest rate (1.5% per month); dollars and years are rounded to the nearest whole numbers; stated percentage of balance is paid monthly; no additional fees or charges are incurred during repayment period; no payment is less than $15, except the last payment. Pay MORE Each Month And Save a LOT! Enter your debt: Monthly Payment Payment Amount * YEARS in Debt Interest PAID Interest SAVED** 3% of balance 4% of balance 6% of balance   * This is your first monthly payment. If you do not charge more, your payments will decrease each month. **Savings based on boosting payment from 3% to 4% or to 6%.

© Community Capital Resources 2007    All rights reserved.