Financial Literacy
Residents learn foundational skills that cover a range of topics such as investing, buying a car or home, how to create a budget, and creating an emergency fund.
Dave Ramsey Financial Literacy – Foundations in Personal Finance
This course offers a general overview of financial basics that covers everything from investing, buying a car or home, how to create a budget, and creating an emergency fund. This course provides residents with lessons on how to make smart decisions with their money. Each class generally begins with watching a chapter video of Dave Ramsey followed by a discussion.
The fundamentals of the course have value for the demographic of residents at LGH, but a more focused curriculum may be better suited for residents, including information on social service benefits and their budget with and without it, and has touch points on the types of financial situations they encounter. Since the majority are at or below 25% of the federal poverty line with little to no income, it may be beneficial to modify the course to include subjects such as poverty mindset, the psychology of money, defining needs and wants, delayed gratification, and living within your means.
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