Financial Literacy

SCC's Financial Literacy course graduation, summer 2016

Everyone can benefit from learning new strategies for smarter saving and spending. Somerville Community Corporation's Financial Literacy classes can help you:

  • Set saving and spending goals you can achieve.
  • Create a realistic spending plan (budget).
  • Brainstorm different ways to save money.
  • Examine your credit and spending habits.

And while there are many financial literacy classes offered throughout Greater Boston, SCC is the only organization that offers them in Somerville. 

For the most up-to-date information about classes, please download SCC’s 2017 Financial Literacy class schedule (PDF). All classes require pre-registration. Contact Janine Lotti, asset building specialist, at 617.776.5931, ext. 228 for more information. 

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You May Be Eligible ...

Also note that financially eligible individuals may receive a stipend upon completion. 

Requirements: Participants must:

  1. Live, work or study in Somerville.
  2. Attend all seven class sessions, as well as two counseling sessions with SCC staff.
  3. Qualify under the following income guidelines.
  • 1 Person Household, $47,150
  • 2 Person Household, $53,900
  • 3 Person Household, $60,650
  • 4 Person Household, $67,350
  • 5 Person Household, $72,750
  • 6 Person Household, $78,150
  • 7 Person Household, $83,550
  • 8 Person Household, $88,950

2017 Financial Literacy Class Schedule
(7 classes per session)

Download SCC’s 2017 Financial Literacy class schedule (PDF).

Evenings,  Wednesdays and Thursdays
6:00 to 9:00 p.m. 
May 24, 25, 31 and June 1, 7, 8, 14

Mornings, Thursdays and Fridays
9:15 a.m. to 12:00 p.m. (noon)
March 16, 17, 23, 24, 30, 31 and April 6 

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Somerville for Access to Financial Education (SAFE)

SCC’s SAFE program seeks to provide Somerville residents – recent immigrants and U.S.-born individuals alike – with the necessary knowledge to navigate their financial lives effectively and successfully. The topics covered are vital to the economic well-being of all people but of most importance to low-income individuals and families. They are more vulnerable to economic instability.

During this four-week financial education series, participants work together as they address: 

  • Goal setting: Set realistic, achievable goals. 
  • Budgeting: Devise a spending plan that guides spending choices and is relevant to personal experiences. 
  • Saving for the future: Develop strategies for smart saving and spending.
  • Using credit wisely: Know your credit score and how it affects your asset-building power. 

SCC's Financial Literacy course graduation, summer 2016Somerville Center for Adult Learning Experiences (SCALE)

SCC has offered the financial literacy curriculum to SCALE students since the fall of 2007. Many SCALE students have employment and family responsibilities that prevent them from being able to take time out of their busy schedules to attend financial education classes. To deal with this difficulty, financial literacy workshops have been incorporated into SCALE's regular class schedule, making it possible for students with already overextended schedules to gain access to important knowledge.

To learn more, contact Janine Lottiasset building specialist, at 617.776.5931, ext. 228. 

See also: English