Unity Christian Fellowship Church God - Koinonia Financial Classes
Unity with God, in the Church and Community - Financail Education , Financial Empowerment

Come to our Free Financial Educational Classes this Tuesday 7:00pm

 Koinonia Financial

 Koinonia {coy NO nyah / coin IN ee ah) is a transliterated form of the Greek word, κοινωνία, which means communion, joint participation; the share which one has in anything, participation, a gift jointly contributed, a collection, a contribution, etc. It identifies the idealized state of fellowship and unity that should exist within the Christian church, the Body of Christ  our Lord and Savior.  The Church must play a vital and visible role in the overall development of the people and community. Koinonia Finance Management Classes are free and covers a board band of topics and subject matters. The word of our God said My people Perish from a lack of knowledge (Hos 4:6, Ex 19:21 Prov 28:28).And Because of this we offer the Free Finance Management classes here at UCFC.   

Financial education and planning fosters financial stability for individuals, families, and entire communities. The more people know about credit and banking services, the more likely they are to increase savings, buy homes, and improve their financial health and well being.  The Development of People , Entrepreneurs and Small Business are still necessary for communities and cities. The Church working together and reaching out to community is a Better Community Overall.  


Life Class: Free Financial Educational,Planning and Management Classes


  • Financial literacy is the ability to understand how money works in the world: how someone manages to earn or make it, how that person manages it, how he/she invests it (turn it into more) and how that person donates it to help others.    

  • Financial Planning is a comprehensive evaluation of an individual's current pay and future financial state by using current known variables to predict future income, asset values and withdrawal plans. Also includes a budget which organizes an individual's finances and series of next steps or specific goals for spending and saving in the future.


By the end of this course, participants will understand how to manage money by preparing a personal spending plan and identifying ways to decrease spending and increase income. To achieve this objective, the participants will be able to:
  •  Track daily spending habits.
  •   Prepare a personal spending plan or budget to estimate monthly income Expenses.
  •   Identify ways to decrease spending.
  •   Identify possible ways to increase income.
  •   Identify budgeting tools that will help you manage your bills.
  •   List and prioritize financial goals.
  •   Recognize how to create a plan to achieve financial goals.
By the end of this course, participants will understand Available banking services and how to build a positive relationship with a financial institution. To achieve this objective, the participants will be able to:
  •  Identify the major types of insured financial institutions.
  •  Identify five reasons to use a bank.
  •  Describe the steps involved in opening a bank account.
  •  Describe two types of deposit accounts.
  •  Identify additional bank services that come with deposit accounts
 
By the end of this course, participants will understand how credit works, types of credit that is available, and if they are ready to apply for credit. To achieve this objective, the participants will be able to:
  • Define “credit” and “loan”.
  • Distinguish between secured and unsecured loans.
  •  Identify three types of loans.
  •  Identify the costs associated with getting a loan.
  •  Identify the factors lenders use to make loan decisions.
  •  Explain why installment loans cost less than rent-to-own services.
  •  Explain why it is important to be wary of rent-to-own, payday loan, and refund anticipation services. 
  • Describe how to guard against predatory lending practices.
 
 
By the end of this course, participants will understand how to protect their rights as consumers and how to be financially prepared if a disaster strikes. To achieve this objective, the participants will be able to:
  •   Recognize how federal deposit insurance protects deposits.
  •   Recognize how to guard against identity theft.
  •   Recognize how the various types of insurance will help you manage risks.
  •   Recognize the need to plan for unexpected death or disability.
  •   Describe the ways you need to be financially prepared for disasters.
 
 
By the end of this course, participants will understand how to use a credit card responsibly and what to do when a credit card is lost or stolen. To achieve this objective, the participants will be able to:
  • Define credit.
  • Explain why credit is important.
  • Describe the purpose of credit cards.
  •  Determine if you are ready to apply for a credit card.
  •  Determine which credit card is best suited for you.
  •  Identify the factors creditors look for when making credit decisions.
  •   Describe how to use a credit card responsibly.
  •   Identify the steps to take when a credit card is lost or stolen.
 
By the end of this course, participants will understand the characteristics of consumer installment loans. To achieve this objective, the participants will be able to:
  •   Identify various types of installment loans.
  •   Identify the factors lenders use to make home loan decisions.
  •   Explain federal laws that protect you when applying for a loan.
  •   Identify the questions to ask when purchasing a car.
  •   Explain why installment loans cost less than rent-to-own services.
  •   Explain why it is important to be wary of rent-to-own, payday loan, and refund anticipation services. Explain how to guard against predatory lending practices.
 
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. To achieve this objective, the participants will be able to:Pre-Homebuyers
  • Explain the advantages and disadvantages of renting versus owning a home.
  • Identify questions to ask to determine your 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.
  •  Describe how interest rates affect the “amount” of house you can buy.
  •  Explain how taxes and insurance affect a monthly payment and the “amount” of house you can buy.
Homeowners
  •  Describe the advantages and disadvantages of borrowing against a home.
  •  Explain what to do if you are having trouble making payments.
  •  Describe the different types of refinancing options.
  •  Explain the advantages and disadvantages of a reverse mortgage.
  •  Identify predatory lending practices and loan scams.
By the end of this course, participants will learn about steps they can take to recover financially and rebuild their credit after experiencing a financial setback. To Assess their current financial situation.   
  • Identify ways to increase income and decrease and prioritize expenses.
  •  Develop a financial recovery plan.
  •  Identify steps to successfully implement a financial recovery plan.
  •  Recognize how to guard against credit repair scams.
  •  Identify timeframes to review and adjust their financial recovery plan.
 
Bythe end of this course, participants will understand how to manage money by preparing a personal spending plan and identifying ways to decrease spending and increase income. To achieve this objective, the participants will be able to:
  • Track daily spending habits.
  •  Prepare a personal spending plan or budget to estimate monthly income and expenses.
  •  Identify ways to decrease spending and increase income.
  •   Identify budgeting tools that will help them manage their money.
By the end of this course, participants will understand general information on installment loans, including car loans and student loans. To achieve this objective, the participants will be able to:
  •  Differentiate between secured and unsecured installment loans.
  •  Explain why installment loans cost less than rent-to-own services.
  •  Identify the factors lenders use to make loan decisions.
  •  Identify the questions to ask when purchasing a car.
  •   Describe various types of college loans and loan programs.
 
By the end of this course, participants will understand information on the steps involved in renting an apartment and buying a house. To achieve this objective, the participants will be able to:
  • Identify initial and continuing costs of renting an apartment.
  • List questions to ask when determining if you are ready to buy a home.
  •  List costs associated with renting and owning.
  •  Describe the benefits and pitfalls of renting versus owning a home.
 
 
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