Slide 1:Financial Help, Hope, Education, and Empowerment  How CCCS can serve your schools, students, and familiesTodd Mark, CCCS of Greater Dallas

Slide 2:Hi, I am Todd, your host!

Let’s just say I was a bit thinner when I was on CNN!

Slide 5:What do we do?

Budget and credit counseling Housing counseling Financial education Debt management plans Bankruptcy counseling

Slide 6:NFCC agencies across the country

www.nfcc.org 800-388-CCCS 106 CCCS agencies More than 1000 offices

Slide 7:What are we seeing?

Unemployment, cut-back in hours Mortgage delinquency Greater severity in debt levels and overall financial crisis Supporting other family members Traditional causes

Slide 8:What is the Age of Acquisition?

    Differentiate wants from needs: Place to live – with furnishings and everything else to fill it Everything else provided and/or paid for by parents or school Car to drive Professional wardrobe Possibly a family A taste for saving and spending

Slide 9:Needs of college students

Establishing credit First-time costs living on own Individual shopping decisions Creating a consumer savvy Basics: room/board, tuition, books, activities, etc.

Slide 10:The rite of passage: Credit

Slide 11:Changing urgencies for students

Mom and Dad didn’t come through Financial aid funding gap Job market meant no/less student income Costs of college Back-to-school for jobless

Slide 12:What’s hurting Mom and Dad?

Unemployment/underemployment Mortgage delinquency Investments crushed Property values devastated Savings gone Helping other family members in crisis Other traditional: death, medical, divorce, natural disaster

Slide 13:What happens in counseling

Reasons for crisis Income Budget Debts Action plan Always caring, compassionate, non-judgmental listener

Slide 14:…or in consumer education

College credit 101 Basic budgeting Setting financial goals (savings, debt) Banking skills Age of Acquisition CCCS.net/webinars

Slide 15:Where does your money go?

Observe what items you are spending now. Track your expenses for 30 days

Slide 16:Create a spending plan

How can you balance your income and your expenses? Identify your monthly income and write it down. Write all your monthly expenses and prioritize them. Subtract spending from income. If your expenses are more than your income, review your expenses and make adjustments so your income equals your expenses.

Slide 18:Understanding liabilities

Slide 19:Planning to meet your goals

List your creditors and the amounts you are currently paying Prioritize bills, then use the “ladder system” Make a plan to payoff your debts

Slide 22:Walk through resource spend-down

Emergency savings Home equity Retirement Credit cards Other assets Family, local resources

Slide 23:“Credit scores — why do I care?”

What does your credit score impact? Mortgage Car loan Credit card or personal loans Insurance Employment

Slide 24:What’s in a credit report?

Identifying information Account summary Inquiries Public records

Slide 25:What a FICO score considers

Slide 26:Plan Set financial goals Assess your financial situation Develop a realistic spending plan Don’t allow expenses to exceed income

Slide 27:

Ten basic rules of money management Save Pay your bills on time Determine the difference between wants and needs Use credit wisely Keep a record of daily expenditures

Slide 28:Questions and answers

Slide 29:Thank you for attending how CCCS can help your school and students! For more information visit our website, www.cccs.net. To set up a counseling appointment at one of our 10 Dallas locations or 22 Texas locations, or for telephone counseling, call our main number:  1-800-249-CCCS (2227) For free, in-depth financial education classes, see the full webinar schedule at www.cccs.net/webinars, or call 214-540-6872.Todd Mark: tmark@cccs.net, 214-540-6810