Housing & Financial Counseling
Housing and Financial Counseling (HFC) follows a national counseling and educational model to provide services to residents in Utah and Southern Idaho. HFC focuses on empowerment through education in housing and finance, and works to promote the dignity of every individual. The HSC is a HUD approved housing counseling agency and offers pre and post purchase educational workshops and individualized counseling.
- Mortgage default counseling
- Loss mitigation negotiation
- Reverse mortgage counseling
- Rental counseling
- Credit management
- Debt reduction
- Risk management
- Saving for a home
Workshops and counseling services are free of charge until May 2019.
- Tracking Worksheet
The Tracking Worksheet provides a place to record all income and expenses. The information can be used to fill out the Income and Expense Statement.
- Net Worth Statement
The Net Worth Statement shows assets, liabilities, and net worth for one point in time. It provides information on what you own, what you owe, and the difference between the two. The Net Worth Statement can also show progress when done annually. It is necessary for the Financial Ratios.
- Income and Expense Statement
The Income and Expense Statement shows a picture of income and expenses for one time period. This statement uses one month as the time period. It reveals the ability to live within one's means. The Income and Expense Statement is necessary for the Financial Ratios.
- Financial Ratios
Financial Ratios are used as measurements of one's financial situation. They help individuals and families evaluate debt loads and adequacy of savings. Guidelines are given to help avoid financial problems. The Net Worth Statement and the Income and Expense Statement are necessary for the Financial Ratios.
- Revolving Savings Account
A Revolving Savings Account is used to cover irregular expenses that come throughout the year such as car registration, holidays, and more. The worksheet helps one gather information about irregular expenses and helps determine how much should be taken out of a monthly budget to cover these expenses.
- Retirement Needs
The Retirement Worksheet provides individuals an estimate of how much they will need to save by retirement and how much they need to save each year to reach that goal.
- Life Insurance
The Life Insurance Worksheet helps individuals decide if they need life insurance and if so, how much they need.
- Goal Worksheet
The Goal Worksheet provides space for short-term, intermediate, and long-term goals. It helps individuals and families look at how much these goals will cost, when they are desired, and how they will be accomplished.
- Budget Worksheet
A budget can help individuals achieve their financial goals. The budget worksheet provides a column for the estimated or budgeted amount, the actual amount received or spent, and a column to see the difference between the budgeted and actual amounts.