POWER Inc.
4180 Packard Rd.
Ann Arbor, MI 48108
P: (734) 929-6509
F: (734) 929-6553
info@powerclf.org

Family Financial Academy

Family Financial Academy is a comprehensive money management-training program for the financially troubled to the financially secured. The academy is a tool that helps support its community members by empowering them to become financial healthy and accountable for their financial decisions.

The Academy offers a variety of services:

Workshops & Seminars

  • Comprehensive Financial Management Training (link to description)
  • Financial Freedom BootCamp© (link to description)
  • One-day onsite Training

    Topics Covered in Workshops

    • Cash Attitudes
    • Savings
    • Budgeting
    • Credit
    • Debt Elimination
    • Goal Setting
    • Record Keeping
    • Investment
    • Insurance
    • Stewardship
    • Additional Seminars Available
One-on-One Consultation
  • Budgeting
  • Credit Review
  • Debt Analysis
Onsite Workshops for Group/Churches/ Organizations
  • Trainings and materials can be brought to your location for groups of 10 or more people.

    Comprehensive Financial Management Training© (CFMT)
    Family Financial Academy Fall 2005 "Comprehensive Financial Management Training" will begin February 2006. Contact Alycia Welch for enrollment information.

    Financial Freedom BootCamp© (BootCamp)
    Family Financial Academy "Boot Camp-Training to Eliminate the Cycle of Debt and the Bondage of Poverty" will begin in February 2006. Contact Alycia Welch for enrollment information.

    Comprehensive Financial Management Training
    Course Objective
    Beginning the Journey
    • Explores the importance of planning and developing specific, measurable and time-oriented goals based on family values.
    • Helps participants begin to develop a personal short-term savings goal and set priorities.
    Cash Attitudes
    • Identifies consumerism vs. wealth building attitudes and how our cash attitudes influence our financial habits.
    • Explores finance and savings behaviors of American families.
    • Introduces participants to basic money management tools
    Closing Financial Leaks
    • Facilitates understanding between basic and discretionary expenses.
    • Encourages participants to identify financial leaks in their household that would prevent them from living within their means.
    • Creates awareness of current financial status.
    Budgeting Applications
    • Participants are taught step-by-step how to prepare a spending plan that will work, analyze their total monthly expenses and determine the amount of money available to pay off debt.
    • Offers participants various cost savings tips to reduce expenditures, live inexpensively and maintain their budgets.
    Credit I
    • Explains the use and misuse of credit, how to check and clean participant credit reports.
    • Helps participants understanding the benefits of repairing credit and improving credit scoring.
    Credit II
    • Focuses on consumer rights, communication and negotiating with creditors and collection agencies and developing a plan to restore financial integrity.
    Debt Elimination
    • Equips participants with techniques to get out of debt and stay out of debt.
    • Identifies the effects of compound interest relating to debt and the benefits of compound interest in investment.
    Investment
    • Explores different methods of investment, financial advisors and fund managers.
    • Helps participants understand the risk and rate of return on different types of investments.
    Insurance
    • Provides and overview of life, disability, auto and homeowners insurance.
    • Emphasizes the importance of insuring your assets and shows participants how to purchase insurance appropriate for their needs.

    Financial Freedom BootCamp©
    Course Objective
    Enlisting
    • Identifies consumerism vs. wealth building attitudes and how our cash attitudes influence our financial habits.
    • Explores the importance of planning and developing specific, measurable and time-oriented goals based on individual values.
    Basic Training
    • Explores savings and finance behaviors of American families.
    • Focuses on narrowing participants' scope to identify personal financial leaks in their household that would prevent them from living within their means.
    • Participants are taught step-by-step how to prepare a spending plan that will work.
    Site Adjustment
    • Explains the use and misuse of credit, how to check and clean participant credit reports.
    • Helps participants understanding the benefits of repairing credit and improving credit scoring.
    Hand-to-Hand Combat
    • Focuses on consumer rights, communication and negotiating with creditors and collection agencies and developing a plan to restore financial integrity.
    Tactical Maneuvers
    • Equips participants with techniques to get out of debt and stay out of debt.
    • Identifies the effects of compound interest relating to debt and the benefits of compound interest in investment.
    War Games
    • Uses activities to pull all the information learned together preparing participants to apply it to their personal lives.

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