Personal Finance Course Offered Statewide
By Caroline Richardson
County Extension Agent
Before starting a business or purchasing a home it’s essential that you get your personal finances in order, said University of Georgia consumer economics specialist Michael Ruptured. He and other faculty in the UGA College of Family and Consumer Sciences will offer workshops on personal finance throughout Georgia during the next several months.
“You may have the greatest idea in the world for a business, but if your personal finances are in disarray or if your credit scores are too low, it’s almost impossible to get funding from banks or other lending agencies,” Rupured said. “In addition, there’s the reality that it can easily take six months to a year before a new business has any income. You have to be certain that you can continue to pay your home mortgage and buy groceries during that time.”
Rupured will be joined by Housing and Consumer Economics professor Joan Koonce and family and consumer sciences Cooperative Extension Agents for the free workshops. During the session, participants will learn to set and plan to achieve financial goals, plan their personal spending, work effectively with banks and other financial institutions, learn about credit, plan for the unexpected and take steps to protect their personal assets.
The free Money Matters workshop will be held on March 15. The workshop is not only for those desiring to start a business or purchase a home. It is for anyone desiring to get their personal finances in order. Participants will not share and personal information with instructors or with any other participants. The session promises to be fun and educational. A light meal will be provided. Space is limited, so register as soon as possible by calling the Extension Office at 706-595-1815.
“These workshops are not designed to help entrepreneurs get their business started,” Rupured said. “Instead, they’re designed for people who understand that starting a new business is a tremendous undertaking and who understand the importance of having their personal finances in order before taking on the additional risks of business loans.”