Financial Wellness Programs

Published by on April 16, 2019 12:00 am Comments Off on Financial Wellness Programs in General

PNC Bank is offering a series of Financial Wellness programs, which are available for all faculty and staff to attend. If you would like to attend any or all of these courses, please sign up using the instructions linked here: https://www.towson.edu/hr/documents/self_service_instructions_erd.pdf

Available workshops are as follows:

  1. Investment Basics – Tuesday, April 23rd (12-1 pm, Administration Building room 120)

By the end of this course, participants will understand ways to invest money and savings options for future goals.

  • Explain why it’s important to Invest.
  • Determine investment options that help reach goals.
  • List ways to invest, including retirement, child’s college tuition, car or home purchase, or a vacation.
  1. How much house you can afford – Thursday, May 2nd (12-1 pm, Administration Building room 120)

By the end of this course, participants will understand the home buying process and the difference between renting versus owning and financially protecting their home.

Pre-Home Buyers:

  • Explain the advantages and disadvantages of renting versus owning a home.
  • Identify questions to ask to determine readiness to buy a home.
  • Identify the steps required to buy a home.
  • Identify basic terms and required disclosures used in a mortgage transaction.
  • Describe the advantages and disadvantages of different mortgage options.
  1. Maximizing home ownership – Thursday, May 9th (12-1 pm, Administration Building room 120)

By the end of this course, participants will understand the home buying process and the difference between renting versus owning and financially protecting their home.

  • Describe the advantages and disadvantages of borrowing against a home.
  • Explain what to do when difficulty arises in making payments.
  • Explain the advantages and disadvantages of a reverse mortgage.
  • Identify predatory lending practices and loan scams.
  1. Retirement – Thursday, May 23rd (12-1 pm, Administration Building room 120)

By the end of this course, participants will understand ways to save money and savings options to save toward their goals.

  • Explain why it’s important to save.
  • Determine saving goals.
  • Determine savings options that help reach savings goals.
  • List ways to save for large-expense goals, including retirement, child’s college tuition, car or home purchase, or a vacation.
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This post was written by Morrow, Jennifer G.