SEFCU’s Institute for Financial Well-Being recently facilitated a four-part financial education series with clients at the Women’s Opportunity Center in Syracuse where they touched on a number of financial topics.
The clients, who were 35-70 years old, were active participants in sessions focused on creating a personal spending plan, understanding credit reports and credit scores, finding the meaning of payroll deductions and payroll forms, and developing an effective pay down strategy.
Attendees participated in active learning, with a game-based approach using an oversized game of Jenga within the Budgeting Basics session. The purpose of this game was to apply the learning of the 50-30-20 rule for determining fixed, flexible, and financial goal spending, and evaluating choices of financial decision-making. A team research activity and presentation guided the clients to learn about payroll deductions, payroll forms, and tax deductions.
After the session, attendees expressed additional feedback saying, “This will be a good informational program to fit my needs,” and “Great class!”
Amy Canavan, Women’s Opportunity Center Career Development Coach and Training Facilitator said, “The Women’s Opportunity Center is a part of the Displaced Homemaker Program helping individuals gain career and life skills that they had not had the chance to hone while they have been taking care of families. Beyond the skills needed to launch a career, the clients are also finding that they have a whole new slew of requirements in their personal life. These are managing finances, understanding credit scores, learning how to save for the future and how to make smart choices with their new income. Our partnership with SEFCU is imperative to their development, their security, and their success. We are so grateful for all of the dedication to the continuing education of our WOC Clients.”
The Institute will continue to provide financial education to new Women’s Opportunity Center clients throughout the year.
The Institute for Financial Well-Being accepts requests for free financial education from community organizations and private groups and offers pre-scheduled sessions for the general public. As a community service initiative, our mission is to encourage positive habits and financial well-being. There is no expectation for participants to engage in SEFCU products or services.
To make a request for your group, or to enroll in a public session, visit sefcu.com/financialeducation.