FINANCIAL MANAGEMENT

MODULE 2: Creating financial goals: developing and implementing a realistic monthly budget.

Homebuyer(s) creates financial goals, improves or maintains their credit scores, and works to reduce and/or eliminate debt. Homeowner(s) developes and implements a realistic monthly budget.

Homebuyer(s) creates a household budget.

Homebuyer(s) can read and understand their credit report.

Homebuyer(s)'s credit score improves over the course of working with Habitat, before they qualify for a loan with Glacier Bank.

Habitat Homebuyers are financially educated and more likely to be successful homeowners.

Mentor and Homebuyer(s):

  • Review and discuss cirriculum.

  • Discuss what actions can affect your credit scores or finances.

  • Discuss what decisions can lead to deselection and why.

  • Discuss what they have learned so far and any questions that have come up.

Mentor asks questions to confirm understanding.

RESOURCES

Budgeting 101

Budgeting for Families: Why should I talk to my family about budgeting?

Financial Foundations (HFHEBSV)

Strategies for Healthy Credit (Fannie Mae EC)