-------------------- BUDGET & FINANCIAL LITERACY Financial literacy plays an important role in many aspects of our lives. It enables us to make smart choices and set goals. Housing counselors help to empower clients with knowledge, tools, and resources to make informed financial choices. As the economy improves, the awareness and understanding of budgetng and financial literacy is vital to a family’s ability to become and remain financially stable. BUDGETING & FINANCIAL COUNSELING WORKS Source: U.S. Bank Possibility Index Survey DID YOU KNOW? In FY 2018, HUD approved 1/8 TOP 5 BENEFITS OF BUDGETING & FINANCIAL LITERACY COUNSELING counselors provided Budget & Financial Literacy services to 363,149 households households served Two in five U.S. adults (40%) – a proporton that has held roughly steady since 2007 – say they have a budget and keep close track of their spending Learn budgetng tools and techniques to 01 help you manage your money 02 Improve your credit ratng 03 Begin a savings plan for future goals 04 04 Increase awareness to avoid identty thef and loan scams Understand your financial optons for 05 05 homeownership, refinancing, or rentng Source: U.S. Bank Possibility Index Survey, hps://stories.usbank.com/dam/possibilityindex/USBankPossibilityIndex.pdf

Budget and Financial Literacy - HUD Exchange...LITERACY Financial literacy plays an important role in many aspects of our lives. It enables us to make smart choices and set goals

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Page 1: Budget and Financial Literacy - HUD Exchange...LITERACY Financial literacy plays an important role in many aspects of our lives. It enables us to make smart choices and set goals

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BUDGET & FINANCIAL LITERACY

Financial literacy plays an important role in many aspects of our lives. It enables us to make smart choices and set goals.

Housing counselors help to empower clients with knowledge, tools, and resources to make informed financial choices.

As the economy improves, the awareness and understanding of budgeting and financial literacy is vital to a family’s ability to become and remain financially stable.

BUDGETING & FINANCIAL COUNSELING WORKS

Source: U.S. Bank Possibility Index Survey

DID YOU KNOW?

In FY 2018, HUD approved 1/8TOP 5 BENEFITS

OF BUDGETING & FINANCIAL LITERACY COUNSELING

counselors provided Budget & Financial Literacy services to 363,149 households households

served

Two in five U.S. adults (40%) – a proportion that has held roughly steady since 2007 – say they have a budget and keep close track of their spending

Learn budgeting tools and techniques to0011help you manage your money

0022 Improve your credit rating

0033 Begin a savings plan for future goals

0404 Increase awareness to avoid identity theft and loan scams