Here’s how g2080 works!
Our curriculum and goals for Year 1.
Year 1, Quarter 1: Getting Started
The basics. You’ll get started on a long-term savings and investment plan. You’ll open a dedicated savings account with Charlotte Metro Credit Union, and set up automatic deposit of $20 per pay period.
Your savings goal for Y1/Q1: $120
g2080 will match: $120
Your balance will be: $240
Year 1, Quarter 2: Give Yourself Credit.
You want to always be a credible borrower. Good credit hygiene starts with understanding your credit report, including credit scores, using “free credit” and auto financing. And, we’ll cover how to avoid high-cost credit.
Your savings goal for Y1/Q2: $140
g2080 will match: $140
Your balance will be: $520
Year 1, Quarter 4: The Value of Goals
It’s important to have financial goals for all you want to accomplish. We will talk about your dreams, set short-, medium- and long-term goals, and help you establish measures of success
Your savings goal for Y1/Q4: $140
g2080 will match: $140
Your balance will be: $1,040
Year 1, Quarter 3: Take it to the Bank
We’ll cover using banking accounts with intent. We’ll talk about how your credit union accounts can work for you, helping you manage weekly, monthly and yearly cash flow. And we’ll cover how to avoid fees.
Your savings goal for Y1/Q3: $120
g2080 will match: $120
Your balance will be: $760
Then, here’s what we’ll work on in Year 2.
Year 2, Quarter 1: Let’s Go Home
For most people, owning a home is a dream. Luckily, it is a dream that can come true for almost everyone. We’ll focus on preparing for purchasing a home - including types of loans, down payment requirements (and assistance), and the costs of home ownership.
Your savings goal for Y2/Q1: $120
g2080 will match: $120
Your balance will be: $1,280
Year 2 Quarter 2: Being Prepared
There are financial considerations other than savings and credit. It’s important to be prepared for uncertainty. We’ll help you evaluate the basics: a will, powers-of-attorney, life insurance, beneficiary designation and end-of-life directions.
Your savings goal for Y2/Q2: $140
g2080 will match: $140
Your balance will be: $1,560
Year 2, Quarter 4: You Made It!
Congratulations! You’ve made it to the “end of the beginning.” Remember “a journey of 1,000 miles begins with one step?” You’re on your way now. Success will require you to continue. But first, we’ll take time to celebrate just how far you’ve come!
Your savings goal for Q1: $140
g2080 will match: $140
Your balance will be: $2,080
Year 2, Quarter 3: Investing for the Long Haul
You’ve been saving. Now, it’s time to start investing. We’ll guide you in understanding the many types of investments beyond bank accounts. 401(k). IRA. Roth. Mutual funds. And, we’ll assist you in your transition from being a saver to becoming in investor.
Your savings goal for Q1: $120
g2080 will match: $120
Your balance will be: $1,800
At your graduation from Generation2080, you’ll have a $2,080 headstart to your financial future.
Standard CWC Budget Sheet
Want to work on your budget? Here’s the one we use with you in our counseling sessions. You can download a version and use it yourself.
Download Excel Spreadsheet Version
Income Tax Refund Planner
Here’s a worksheet to make a plan for your Income Tax Refund.
Preparing for Homeownership Guide
Interesting in owning a home? Here’s some valuable information.
Short-form Bi-Weekly Budget Sheet
Need a shorter version? Try this.
Download Excel Spreadsheet Version
CWC Payday Planner
A year-long calendar to map pay periods and assign expenses to each paycheck. This is an excellent tool for someone with regular, predictable pay.
How to Read a Credit Report
A quick guide to the components of your credit report, what they mean and how to evaluate them.
Sample Credit Report
Here is a sample of a Trans Union credit report to review alongside the How to Read a Credit Report (above)
Resources
Got a question or idea?
Here’s a quick link to get a message to us. If something comes up, just complete the attached and we will be in touch with response.