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Dealing with Debt for Adults

Dealing with Debt for Adults: How to Manage Debt

This workshop helps adults recognize the signs of debt distress, make a plan to take control of debt repayments and spending, learn about their FICO score, and why it’s best to avoid risky solutions such as title, debt consolidation, tax refund anticipation and payday loans.

Workshop Materials

You must agree to the terms of the Content License Agreement below to access the materials. Once the materials are downloaded, they may be used as-is or customized to best meet your needs.


Each kit provides workshop facilitators with the materials needed to run a workshop straight out of the box, or the choice to adapt any of the detailed presentations, scripts or learner action plans to suit their unique audience’s needs. Here is what you can find in each workshop.

A Presentation

Display these PowerPoint slides during your presentation to keep the workshop engaging and on track.

A Script

Consult the script for tips on how to prepare for your workshop, what your primary talking points will be, and follow-up resources.

Activities and Info Sheets

Guide your workshop participants through the hands-on activities and informational sheets to bring the financial skills to life.

Related Resources

Find additional suggested resources that can help round out your educational offerings.

FAQs

The FAQ section for each workshop can help answer your questions about working with your intended audience.

FAQs

Who will be participating in this workshop?

Participants of this workshop are probably experiencing some amount of financial hardship and are looking for effective solutions and more financial education to become more financially stable. Everyone attending wants to take the next step to become more in control of their personal finances.

How do I make the participants comfortable with learning from me and sharing with me?

The best way to make participants feel comfortable during what can be a stressful time is to let them know that the environment is one of support and confidentiality. By sharing personal experiences and asking participants to do the same, relationships of trust are built and they will become more invested in the program. Also, presenting the information without lecturing and with more focus on discussion and activities will allow the participants to be more comfortable and open during the session.

How widespread is the problem of debt in America?

The average American household had about $24,000 in non-housing consumer debt in 2012. Because expenses have grown more quickly than income in the last 20 years, low-income and middle-income workers are struggling to make enough to support their expenses and are falling into a cycle of debt. Also, a greater number of formerly stable middle-class families have been using debt to cope with unemployment, medical crises, and other emergencies. This can become particularly challenging when credit scores are impacted, which can increase interest rates on debt. Uninformed and desperate consumers may turn to riskier borrowing options to deal with their financial stress. They are doing their best to make ends meet and just need the tools and encouragement to get back on track.

I’m not a financial expert. What if I can’t answer some of their questions, or what if they ask a very specific question about financial planning?

Be honest and tell your class they should consult with a trusted financial professional. Don’t guess or dismiss any question. You might use this as an opportunity to reinforce how important it is for them to ask questions anytime they don’t understand something. In addition, explain that finances are unique to each person and there are many factors to consider. Encourage the participants to learn more about financial basics so they can make the right choices for themselves.

What if my audience questions whether I can possibly understand what they are going through?

Your class is interested in learning skills that can help them better their financial situation. Most likely, each person will bring specific concerns or objectives to the program and will be focused on those—and not on your background. However, remember to always listen attentively without judging or minimizing the concerns of a class member. Everyday situations, such as budgeting for groceries, gas, or rent are universal themes for discussion. Be honest and straightforward with each person and acknowledge that each person’s situation is unique.

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