Financial Foundations for Newcomers

This course provides essential financial education for immigrants, helping participants build a solid foundation in personal finance by covering the following topics:

Financial Philosophy: Gain an understanding of how emotions and beliefs influence financial decisions, how to set financial goals, and the importance of cultivating a healthy financial mindset and habits.

Balance and Budgeting: Learn the basics of balancing finances, including income, expenses, and savings. Explore budgeting tools and strategies for reducing unnecessary expenses and establishing an emergency fund.

Financial Planning and Goals: Discover how to prioritize short-term, medium-term, and long-term financial goals, and explore concepts related to creating a financial plan.

Money Management: Understand the financial system and different types of bank accounts. Learn practical strategies for effectively managing money.

Investments: Get introduced to various types of investments, such as stocks, ETFs, mutual funds, and bonds, and understand key concepts like risk tolerance, portfolio diversification, and long-term investing.

Economics and Government Influence: Explore basic economic principles, how government policies can affect personal finances, and the role of government programs in financial planning.

Job Benefits: Understand employment benefits and how to make the most of them to support financial goals. Learn how to evaluate job offers based on total compensation and benefits.

Understanding Credit Scores: Learn what a credit score is, how to build and maintain a good credit score, and the importance of credit history in financial planning.

Loans and Debt: Gain insights into different types of loans, understand the potential risks of borrowing, and learn responsible debt management strategies.