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October 2008
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Wealth Builder Monthly
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In This Issue:

DC Saver Story

Save for Retirement
National Save for Retirement Week

Financial Market Info:
What You Need to Know

Poll: Protect Yourself

Meet a Partner:
Agriculture FCU 

Upcoming Events



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     

Calendar:

10/7-
"In the Black"


10/11-
Claim Your Stimulus Payment

10/4 & 10/22-
Money Management 101

10/21-
Homebuying Workshop

10/27-
The Consequences of Identity Theft

10/29-
Psychological Strain of Managing Money

11/5-
How to Become an Entrepreneur

11/8-
Stretch Your Money Seminar

 

Additional Upcoming Financial Seminars 

DC Saver Story: Constance Byrd-Raynor
"If you want to get anything, control your spending...you have to really think about what you want, and if you really, really want it, you need to save for it"
- Constance Byrd-Raynor

And that’s just what DC Saver (and last quarter's DC Saves $100 quarterly drawing winner) Constance Byrd-Raynor is doing. Constance is well on her way to becoming the first person in her family to own her own home, thanks to her own dedication and support from two DC Saves partners, Manna, Inc. and Capital Area Asset Builders (CAAB).
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Constance has put herself on the path to homeownership by applying saving strategies and homebuying skills that she learned in Money Management 101 at CAAB and homebuying classes with Manna. Before long, Constance will be walking into the door of her own home.  Keep up the great work Constance!

Click here to learn more about Constance's story.  You too can achieve your financial goals. Visit DCSaves.org today, and start planning for a brighter financial future!

National Save for Retirement Week

October 19-25 is National Save for Retirement Week (NSRW)! Are you are saving enough for retirement? Take a free Five Minute Retirement Checkuppiggie_bank.jpg today.

And did you know that the government offers up to a $1,000 tax credit for contributions to retirement savings accounts? Individuals with adjusted gross incomes under $39,000 and married couples with combined AGIs under $52,000 (2007 figures) may qualify. Click here for more information.

Visit the NSRW website for more NSRW information and retirement resources.

Don't Panic!
What You Need To Know About The Economy

What happens if your bank fails? Or if your brokerage declares bankruptcy? Make sure you are prepared with these 10 Things To Know.

Also, find out up-to-date information about protections for:
-Money Market Mutual Funds
-Brokerage Accounts
-Bank Failures

Poll: How Are You Protecting Yourself?

The economy has been slowing down and the need for savings is greater than ever. What are you doing to protect your finances?

Take our poll to let your fellow DC Savers know.

Meet a Partner: Agriculture FCU

Agriculture Federal Credit Union offers a wide range of financial services and products including loans with competitive low rates and flexible repayment terms, as well as a variety of savings accounts. Click Here to learn about AFCU’s featured savings tool, the Asset Builder Share Certificate.

AFCU also works with the local community to improve financial literacy.AgricultureFCUEvent.JPG On September 13th, it held its second youth financial seminar at the Department of Agriculture Building in Southwest DC.  More than 30 children and their parents spent the day learning about savings and money management with AFCU’s Super Savers and Young Millionaires Club members. Free lunches were served to the children and parents, and three children won gift cards in a raffle. Children and their parents learned valuable lessons about saving, and each child left with an AFCU T-shirt and a back-pack filled with goodies.

To learn more about Agriculture FCU’s services and activities, visit www.agriculturefcu.org.

Upcoming Events

"In the Black"

Join Capital Area Asset Builders for its annual benefit from
6 - 8 p.m. on October 7 at the True Reformer Building at 1200 U Street, NW. Tickets to the reception are $100, and  include free food and drink (beer and wine), live jazz music, and a silent auction. Click here for more information or to purchase a ticket.

Claim Your Economic Stimulus Payment

The DC EITC Campaign is holding a free Economic Stimulus Payment filing day at the MLK Library (901 G Street, NW) on October 11 from 10 a.m. - 2 p.m.

If you earned more than $3,000 in 2007 wages, Social Security or SSDI, or Survivor's, Veteran's, or Retired Railroad Benefits, you may be eligible for a Stimulus Payment of $300-$600 or more from the government!

Click here for eligibility info and required documents.

Money Management 101 to fit your schedule

CAAB's popular Money Management Classes will now be held on both Saturday mornings and Tuesday/Wednesday evenings. Saturday classes will meet once a week from 10 a.m. - 12 p.m. starting on October 4, and weekday evening classes will be held from 6:30 - 8:30 p.m. starting on October 22.

This FREE 5-week financial education workshop series will help you learn how to save and invest now for your future. For more information, including a schedule of classes, click here.

Homebuying Workshop

This free evening workshop will be led by Patricia Davis of Davis Financial Services on October 21 from 6:30 - 8 p.m. at 1801 K Street NW, Suite M100.house

Come learn:

  • How to prepare for this huge investment;
  • How buying a home can increase your net worth (and how it can't!); and
  • The various financing and funding options available for purchasing a home.

Refreshments will be provided, and participants will receive a ticket for a GMAC raffle where two GM cars will be given away on March 31, 2009!

Click here for more details and registration information.

Protect Yourself from Identity Theft

Free seminar presented by Rosemary Hill from Consumer Credit Counseling Services on October 27 from 6 - 8 p.m. at 1801 K Street NW, Suite M100.

Participants will learn:

  • How to guard personal information;
  • What assistance is available for victims of identity theft; and
  • How to use the law as a strategic weapon against unscrupulous identity thieves.

  Email seminars@caab.org for more information.

The Psychological Strain of
Poor Money Management

This free seminar and brown-bag lunch will be presented by Licensed Professional Counselor Pamela Hiler on October 29 from 12 - 1 p.m. at 1801 K Street NW, Suite M100.

Attendees will learn:

  • How to evaluate money messages;
  • The effects of poor money management on personal lives and careers; and
  • Behavioral approaches to help shape a better relationship with money.

  Email seminars@caab.org for more information.

How to Become an Entrepreneur

Free seminar presented by Evelyn Bandoh of EAB Creative Planning Services on November 5 from 6:30 - 8 p.m. at 1801 K Street NW, Suite M100.

Participants will:

  • Learn what it really means to be self-employed and an entrepreneur;
  • Learn how to use EAB’s seven key questions to help determine if entrepreneurship is right for them; and
  • Discuss business ideas and get feedback and strategies to help start their businesses.

  Email seminars@caab.org for more information.

Ways to Stretch Your Money

This free seminar will be presented by The Vernon Williams Company on November 8 from 10 a.m. - 12 p.m. at 1801 K Street NW, Suite M100.

Take charge of your financial future and sign up for this free seminar where you will learn how to make your paycheck go much farther.

Email seminars@caab.org for more information.

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Adam Perry
Capital Area Asset Builders
1801 K Street NW
Suite M100
Washington, DC 20006

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