Table 1 FL Intervention Content
Session# | Content |
|---|---|
1 | Banking: Explore Common Perceptions about Banks and share personal banking experiences; Evaluate why a bank is better than a “piggybank”, “under the pillow” or “mattress account”; Introduction to local financial institutions and opening bank accounts; Safety and safety planning |
2 | Savings and Financial Goal Setting: Defining savings and why people save; Identifying challenges to savings, Setting savings goals related to family and vocation; Personal financial goal settings |
3–4 | Budgeting and Financial Planning: Examine Money Management and Balancing a Budget; Set Financial Planning Goals; Describe Importance of Budgeting; Staying within budget and cut spending. |
5 | Debt Management: Borrowing Money: Things You Need to Know; Managing Loans and Debt; Costs of Borrowing; Delinquency: What Is It and How Does It Happen? The Dangers of Over-Indebtedness and Default |
6 | Emergency Funds: Planning for Emergencies, Maintaining an Emergency Fund and Adjusting Savings Goals; Planning for the Future. |
7 | Behavioral Economics: Delay Discounting; Economic Utility; Information Salience; Loss Aversion |