The Credit Professional Fall 2015 | Page 11

continued from page 10 emotions, thinking, and action; setting goals; giving self-direction; and controlling finances. Maximizing Income Maximizing income is the process of identifying ways to increase sources of income in order to reach financial goals. Spending Spending is the process of reducing fees and expenses, as well as, making choices that align with one’s values and goals (both short-term and long-term). Saving Saving is the process of financially planning ahead. This includes saving for specific financial goals or certain predictable life events and creating a financial buffer for unpredictable financial emergencies. discussions and one-on-one financial coaching and support. Financial coaching is offered to all individuals who have attended the group education to further their success of financial security. Financial coaching is client driven and goal focused. It is centered on performance through practice and accountability. The financial coach offers encouragement and support to practice and adhere to positive financial behaviors. The financial coach will direct the individual with the end in mind and will provide access to a variety of financial products and services to manage their personal finances and reach their financial goals. Hutchinson Area Homebuyers Club Hutchinson Area Homebuyers Club (HAHBC) is a first-time homebuyer program designed for all levels of income to achieve and sustain homeownership. Program participants gain awareness of home purchase processes, familiarity with mortgage industry terminology, and understanding of sustainable homeownership practices through homeownership education and counseling services. Homeownership is a symbol of success and gives individuals and families a greater sense of freedom, security, empowerment and independence. HAHBC offers Kansans the opportunity to fulfill their dreams of homeownership. HAHBC utilizes eHomeAmerica, a nationally recognized and approved online housing education program, to provide the homeownership education curriculum. The online eHomeAmerica Homebuyer Education course covers six topic areas: are you ready to buy a home; managing your money; understanding credit; Borrowing Borrowing is the process of learning other ways to spend money. Special emphasis is given to borrowing via credit. Credit is a tool to get and use something that is paid for later and includes additional costs. Protecting Protecting is the process of shielding assets from loss due to financial hardships, financial predators and other threats. Individuals are taught these six behavior principles through hands-on activities, group Continued on page 12 October 2015 11 The Credit Professional