Many of our clients struggle with not having their personal finances in reasonable order and often limited knowledge of the steps to take to improve their standing. This concept is daunting as it can feel overwhelming as to where to start! AEDC recognizes the lack of financial literacy as a leading cause of generational poverty and a major stumbling block to individuals’ economic stability.
AEDC launched a financial literacy program in 2020. Guided by an advisory committee of regional experts, AEDC works with residents to improve their understanding of money as a critical resource and providing the knowledge necessary to make long-term financial decisions.
The overall goals of the Financial Literacy program are to empower residents to have the knowledge and tools to make sound decisions regarding their short, and long-term financial goals and enabling more to fully participate in the economy. This will result in improved wealth/asset building and specific measures such as improved credit scores, establishment of personal savings, or the ability to acquire assets; thereby enabling financial security.
Participation in AEDC’s Financial Literacy Program is FREE, CONFIDENTIAL and customized for as little or as much assistance as needed.
A Publication of Consumer Financial Protection Bureau
Creating effective goals and planning for life events and large purchases.
The reasons to save, taking the first step to saving, and making saving automatic.
Income, deductions from paychecks, and tools for tracking income and benefits.
Planning for bills, wants versus needs, creating a bill calendar, and cutting expenses.
Making a cash flow budget and improving / adjusting cash flow.
Types of debt, avoiding problems with debt, and tools such as debt log and debt to income calculation.
Why do these matter, requesting and reviewing your free credit report, disputing errors on the report.
How to open a checking and savings account, tools for comparing financial service providers.
Learn how to ask the right questions, avoid scams, guard your information, and protect your identity.
*This program includes assessments to assist individuals in discovering what areas of financial literacy they need help with so that the appropriate modules can be covered with them.