Tool Kit Materials
Financial Literacy Presentation and Workshop Reminders
- Review training materials and make sure that you have all supplies (student primers, note paper, pencils/pens, easel paper, markers, etc).
- Make sure you know where you’re going and if you need to check in with anyone.
- Arrive early to set up.
- Start on time.
- Introduce yourself, what you do and your organization’s name.
- Outline your presentation objectives and lesson content.
- Remember to smile.
- Maintain eye contact.
- Encourage dialogue by asking questions and polling the participants.
- Draw on your own knowledge, experience and background to illustrate points. Stories are priceless!
- Keep the discussion on topic.
- Be enthusiastic about your lesson.
- If you don’t know the answer to a question, admit it and promise to check on it and report back.
- Summarize key points frequently.
- Close on an upbeat note.
- Get feedback from the host and participants.
- Provide the participants with an evaluation form to help you make improvements to your presentation.
- Have fun!
Tweets 4 U 2 use…
- Add the #CAFLM hash tag
- Add www.caflm.ca.gov
- Add a link to your own Web site.
Signing Paper Work Tweets
- Before You Sign Any Documents—Get all details in writing, and read fine print. Ask questions, only signwhen u understand all details.
- Verify paperwork matches promises! Unethical salespeople often switch rates, terms and conditions, and important financial details.
- NEVER sign a blank form!
Avoiding Common Financial Scams Tweets
- Affinity Fraud—when scammers take advantage of trust among peer groups. One group member invests & others become more easily convinced.
- Ponzi /Pyramid Schemes use incoming money to pay previous investors. All eventually collapse—leaving newer investors with financial loss.
- Multi-Level Marketing business modelsr often Ponzi schemes in disguise. B4 u commit time/money, research the company and your options.
- Verify a charity is legitimate before making a donation. Go to www.charitynavigator.org to evaluate charitable organizations.
- Don’t believe promises of quick profit, insider info, or tactics like “u must act now.” If it sounds 2 good 2 be true, it probably is!
- If a salesperson won’t allow you time to compare prices or explore other options, be cautious! This is a warning sign of fraud.
- It’s ILLEGAL for sweepstakes/lotteries to require winners to make a payment (besides the initial ticket) before winnings are distributed.
- Commodities markets are volatile and risky! Commodities are especially inappropriate for smaller investors.
- Don’t believe/reply to calls, emails, texts on ur phone, letters saying u won sweepstakes/lottery, when u never bought a ticket—It’s fraud!
- If u receive appeal letter, call, or email from a lawyer 4 a recently deceased relative uv never heard of, be careful—it’s probably fraud!
- If foreign govt official, widow, or someone claiming 2 b a US servicemember contacts u & asks 4 help moving money out of country—it’s fake!
- Work-at-Home offers often sound like easy income, but usually require up-front costs and/or have bogus materials. Profits may never appear.
- NEVER give out personal information when you receive an unsolicited phone call!
- “Slamming” occurs when ur long distance phone service is switched without ur permission. Call 1-700-555-4141 from ur home phone to verify.
- “Cramming” occurs when u r charged for items/services on ur phone bill that u did not authorize. Review your phone bills carefully!
- If you are ever told to call an Area Code 809 number immediately—don’t! It’s a scam, and you could be charged $2,425 per minute!
Internet Safety Tweets
- Be very careful when posting any personal information on the web—it is difficult, if not impossible, to ever remove it.
- Be sure to only use legit and secure websites—secure websites have an “s” at the end of the “http:” in their address, displayed as “https:”
- Since credit card purchases r covered by federal consumer protection laws, if possible, use credit card for mail, phone & online purchases.
- Beware of phony online escrow services (“third party” companies that verify the transfer of merchandise and payment has been fulfilled).
- Verify legitimacy of online escrow companies b4 u use them—research them companies on the internet & look for customer feedback/ratings.
- If someone won’t meet with u face-to-face before completing a large financial transaction, be very suspicious. This is a sign of fraud!
Safeguarding Your Personal Info Tweets
- Review all bills and financial statements immediately when you receive them. Look for purchases you didn’t make!
- Protect your info! Shred, don’t toss, cancelled checks, credit card statements, old bills, and other financial papers.
- To protect yourself from mail thieves, send mail at the post office or give outgoing mail directly to your postal carrier.
- When creating a password—NEVER use ur mother’s maiden name, birth dates, phone #s, consecutive #s, or last 4 digits of ur Social Security #.
- If u discover someone has stolen ur identity, u can freeze your credit. Contact all 3 national credit bureaus and follow their procedures.
- “Opt-Out” to remove ur name from mailing lists used to offer u credit/insurance. Go to www.optoutprescreen.com or call 1-888-567-8688.
Keeping Good Credit Tweets
- “Credit” is the term used to describe the willingness of lenders to allow you to repay a debt over time.
- Credit score is used to determine if u qualify for a credit card, loan, or financial service, & impacts the interest rate on your loans.
- A credit score is based on the amount of credit you already have, your debt-to-income ratio, and your timely payment history.
- The better (“higher”) your credit score, the lower the interest rates you are charged.
- Improve your credit score by paying your bills on time and paying debts off in full.
- For a modest fee, you can get your credit score information at www.myfico.com
Credit Report tweets (post in order)
- A credit report shows ur credit activities, including loans, unpaid balances, payment history, & actions against u because of unpaid bills.
- Be sure to review your credit report regularly to make sure everything is accurate, and that you are not a victim of identity theft.
- Children & adults (who can no longer managing their money) are targets of identify theft— Request copies of their credit report once a year.
- Request your free credit report from the ONLY authorized agency: www.annualcreditreport.com
Smart Money Management Tweets
- Financial health is closely tied 2 physical & mental health—Create monthly/annual budget, identify goals, & develop a financial plan.
- There are financial consequences to being unbanked. Unbanked households spend average of $800 per year on financial transaction fees.
- Even if u dont think u r an “investor,” if u purchase food, have phone, pay rent, etc, u r participating & there4 investing in the economy.
- It never hurts to ask for discounts! Always ask companies about special offers like good driver discounts, senior or veterans’ rates, etc.
9 Simple Steps to Help Manage Your Money
- Make a list of all your sources of income and all your expenses (big and small).
- Calc total amount owed each month. The amount owed each month varies depending on when bills r due. Review due dates and pay bills on time.
- Repay debt, especially ones w/ high interest rates. Less debt = more money available and sense of accomplishment.
- Review ur purchases to see where u can save. Small purchases, such as meals out or movie tickets, may be good opportunities for savings.
- Save for unexpected expenses by creating an emergency fund. Saving even a small amount on a regular basis builds up quickly over time.
- Plan 4 big bills like insurance, mortgage, property tax, car repairs. Dont 4get to factor in special occasions like holidays & birthdays.
- Try to use credit cards for convenience only. Remember, credit card interest rapidly increases total amount owed!
- Dont fall 4 predatory lending—loans u cant afford or loans w/ undisclosed or excessive interest, hidden fees, & prepayment penalties.
- If you or your family members are having financial difficulties, don’t let fear or embarrassment prevent you from seeking help!
Financial Difficulties Tweets
- Have Credit Probs? Contact ur creditor b4 payment is late. Ask to waive late fees, reduce interest rate, and/or establish payment schedule.
- Be careful—just because a debt management agency claims to be “non-profit” doesn’t guarantee the services are legitimate or affordable.
- For assistance w/ credit probs & creditors, go to National Foundation for Credit Counseling www.nfcc.org or call Toll-Free 1-800-388-2227.
- If you or a family member has a gambling problem, go to www.calproblemgambling.org or call Toll-Free 1-800-GAMBLER for help.