Financial Literacy Courses

Saving & Budgeting

Saving & budgeting is the foundation of personal finance. Only 33% of all millionaires earn over $100k annually. Building wealth is a long-term endeavor and budgeting is the centerpiece. Most consumers overlook the financial impact of choosing a home, automobile, college, and everyday expenses. Breadwinners Academy cohort includes but is not limited to the following:

  • Building our rainy-day fund

  • Building our emergency fund

  • Identifying needs vs wants

  • Building our budgeting plan

“If you can’t budget, you can’t save, if you can’t save how are you going to pay for life’s unexpected expenses?” - Jason Lockett Sr

Banking

Personal banking can be an intimidating experience if an individual is not prepared. The importance of establishing a relationship with a credit union or bank is essential to financial success. Financial institutions secure our monetary assets and provide lending products that are needed for us to live our best lives. The Breadwinners Academy program includes but is not limited to the following:

  • Banking 1 on 1

  • Checking & savings accounts

  • Debit cards (credit cards will be covered in personal credit)

  • Intro to auto loans

  • Intro to student loans (private/federal)

“People first, then money, then things.” -Suze Orman

Credit

Personal credit allows consumers to buy homes, and cars, pay for college tuition and have things in the present that are then paid for in the future. Essentially, our economy was built on the extension of credit and the ensuing debt it creates. Consumer credit is an important element of the United States economy. A consumer’s ability to borrow money easily allows a well-managed economy to function more efficiently and stimulates economic growth. Albeit this is a great concept, consumers consistently find themselves in financial ruin from accumulated debt.

Breadwinners Academy takes a hand on approach on how to build personal credit while avoiding common mistakes made by consumers.

Topics we will cover:

  1. FICO 101

    a. Payment history

    b. Credit utilization

    c. Credit history

    d. Credit age

    e. Inquiries

    f. Installment accounts

    g. Revolving accounts

  2. Credit cards

  3. Auto/Home loans

Auto Purchasing & Insurance

A parent/guardian(s) anxiety is unexplainable when their child reaches the stage of driving. Driving is an amazing experience but simultaneously nerve-wracking. The biggest fear is the safety of your child and every driver on the road. Another major concern is the lack of knowledge that consumers have regarding the financial implications of being a driver.

Breadwinners Academy addresses these concerns through hands-on simulation covering the following topics:

Car buying 101

  1. How to evaluate a used vehicle

  2. The total cost of ownership

    a. KBB’s value

    b. Routine maintenance

    c. Gas cost

    d. Future value of the car

  3. Financing a vehicle (partly covered in credit)

Auto insurance

  1. Difference between comprehensive & collision

  2. Difference in coverage amounts

  3. What to do in an accident

  4. Explain why the type(s) of cars matter in determining premiums

Investing

The wealthiest 10% of Americans own 89% of all stocks (CNBC, 2021). It is no secret that the stock market can and will create wealth for the savvy and patient investor. Building wealth is a marathon and executing the right financial habits is the surest way of securing it.

Breadwinners Academy created a hands-on course that will create experts in the following areas:

  1. Stock market explained

  2. Different investment vehicles

  3. Learning the language of investing

  4. Creating financial goals

  5. How to create a portfolio

  6. How to manage the highs/lows of the market

We also offer more advanced investing courses upon request

*According to a CNBC study in October 2021

Taxes

Paying taxes is the one activity of adulting we all wish we could skip. Let’s speak candidly; FICA isn’t a favorite amongst families in the US. However, paying federal income taxes contributes to many things, including social security.  

Breadwinners Academy believes financial literacy should be taught using the four predominantly learning styles. Our hands-on approach will allow each student to understand taxes and will be able to calculate how much will be taken from each paycheck. 

Our tax course includes the following:

  • How to complete a W4

  • A complete breakdown of FICA, state, and local taxes

  • How to complete a simple 1040 tax return it