Archive for the ‘Classes & Coaching’ Category

5 Ways to Avoid Holiday Debt

December 2nd, 2014

It’s easy to spend more than you plan to during the holidays. christmas-debt-300x300Keep your eyes on the prize. If your goal is a higher credit score, spending more than 30% of your credit limit could cause your credit score to drop. If your goal is saving money, using credit for purchases could mean finance charges in the long run. Stick to these 5 tips to avoid getting into holiday debt so that you can reach your financial goals.

  1. Set spending limits: Make a list and a spending plan before going shopping to avoid extra purchases.
  2. Don’t buy it if you can’t afford it: Seems simple enough, but some purchases can be tempting. Only charge what you can afford to pay off the next month. Otherwise, you’ll be paying financing costs well into the new year.
  3. Consider ways to cut back on current expenses: It’s never too late to start saving a little extra. Whether it’s giving up a morning coffee for a few weeks or cutting back on cable, small changes can help offset some holiday costs.
  4. Save on purchases: Check for coupons or compare online to make sure you’re getting the best deal. Apps like GeoQpons can help you save on purchases at many retailers on-the-go. You may also have unused gift cards you can cash in toward purchases.
  5. Share the costs: Consider doing a gift exchange instead of buying gifts for everyone on your list. Or suggest a potluck meal if you’re doing the hosting.

If you are forced to use your credit card for expenses, make a commitment to paying off that debt in the first few months of 2015, so that you can stay on track towards your goals. Remember that the best gift is often not wrapped with a bow, but is time spent with family and friends.

Categories: Classes & Coaching

Housing Market News

November 18th, 2014

Single family homeHousing Market News

Sergio Quero, Senior Housing and Financial Coach

In 2004, the housing market was a complete success. The process of buying a house was focused on the ability to purchase and not the financial capacity of the buyer. Buyers first sought the home of their dreams and then worried about financing. Many achieved the American dream of buying their first home, but without a down payment, with a low credit score and without proof of income. Ten years ago, the buyer also had to face disadvantages when buying a house such as high prices, the use of subprime loan programs and the pressure to buy on the spot without a defined budget. As a buyer in 2004, this cycle was interrupted by the balance of the real estate market and gave us one of our worst economic times.

Today, the buyer has the knowledge of what happened in the last 10 years. This has taught him or her things that cannot be avoided: Know the terms of financing, follow a monthly budget and be financially qualified before buying a house.

In 2014, the (home buying) process is characterized by the financial capacity of the buyer, which results in a buyer with a defined and successful plan. Through CHW, the buyer is able to purchase a home using the necessary tools to be a capable and informed buyer. Through financial classes and coaching, CHW enables today’s buyer to determine if the goal of buying a home is possible and realistic and has financial coaches working directly with buyers to achieve the same goal.


Noticias del mercado de Bienes Raíces

Consejero principal de vivienda y finanzas

En el año 2004, el mercado de bienes raíces era todo un éxito. El proceso para comprar una casa se enfocaba en la rapidez de poder adquirir y no en la capacidad financiera del comprador. Los compradores buscaban primero la casa de sus sueños y después se preocupaban por obtener financiamiento. Muchos lograron el sueño Americano al comprar su primera casa sin dar enganche, con un nivel de crédito bajo y sin comprobar ingresos. El comprador de hace 10 años tenía que enfrentarse a desventajas al comprar una casa como: precios altos, la utilización de programas de financiamiento no adecuados y la presión de comprar en el momento sin un presupuesto definido. El ciclo como comprador del 2004 fue interrumpido por el balance del Mercado de bienes raíces y nos brindó uno de nuestros peores momentos económicos.

Hoy en día, el comprador tiene el conocimiento de lo sucedido en los últimos 10 años. Esto le ha enseñado las cosas que no se pueden evitar: Conocer los términos del financiamiento, seguir un plan mensual de presupuesto y ser capacitado financieramente antes de comprar una casa.

El ciclo del comprador en el 2014 es caracterizado por la capacidad financiera del comprador, lo cual tiene como resultado un comprador con un plan definido y exitoso. Por medio de CHW, una organización sin fines de lucro, el comprador logra adquirir su casa utilizando las herramientas necesarias para ser un comprador capaz e informado. CHW capacita al comprador de hoy, por medio de clases financieras que ayudan a determinar si la meta de comprar una casa es posible y realista y cuenta con guías financieros que trabajan directamente con los compradores para lograr esa misma meta.

Categories: Classes & Coaching

5 Fall Savings Tips

October 21st, 2014

Fall image

Most Americans spend 30-40% more than they intended to spend during the Holidays, and spend the first six months of the New Year paying off debt. Here’s some great tips to consider from our Financial Fitness team to have a stress-free holiday season…

1. Plan ahead.

Set up a holiday savings and spending plan and stick to it! Get the Holiday Savings & Spending plan

Experts recommend trying to spending less than 1.5% of your income on the holidays*. So for example, if you make $40,000 a year, it is suggested to save about $600 for the holidays. Whether you spend more of less than this amount, deciding early how much you want to spend is always a good idea to avoid overspending and stress.

*Source: Practical Money Skills

2. Budget your time (and money).

Compare prices and give yourself enough time to shop around for the best deals. Sometimes it’s the last-minute gifts that can send us over our spending limits. Shopping early will usually help you get the best deals and give you enough time to find coupons or sales for the item. Here’s some helpful website and apps that can help you save more money:

  • Coupon Mom: CouponMom (not just for moms!) is a website that provides weekly shopping advice to you and more than 3 million members and shows you how to combine coupons, loyalty programs and weekly sales in your area to maximize your savings.
  • Get online coupon codes that can help you get free shipping or big discounts on your next online purchase.
  • When you’re shopping around or traveling, it’s important to find the best places to fill up in your area.  Also check out their fuel-saving tips, maps, and pricing info! Available as a mobile phone app.
  • The Coupons App (iPhone, Android)
  • CouponSherpa (iPhone, Android)
  • GeoQpons (iPhone, Android, Blackberry)

3. Get creative.

Consider a gift exchange with family and friends or a potluck to share on costs. You can even try making your own gifts this year. Pinterest is full of great homemade, DIY gift tutorials. Check out our Pinterest page for a few ideas!

4. Pay in full or pay it off.

The holidays are a time of giving and it can be very easy to overspend. Use your Savings & Spending plan to decide what you can afford to spend and try to pay it in full or in “cash” whenever possible. If using your credit card during the holidays, try to pay the credit bill in full or you may be dealing with debt in the new year.

5. Stick to the plan.

Think about your financial goals – are you hoping to one day buy your first home or are you trying to save for college? Don’t let unexpected costs creep up and hinder your savings goals. Remember that it’s really the time you share with family and friends during the holidays that means the most – not the gifts or parties.

Interested in learning more savings and financial tips? Consider taking CHW’s Financial Fitness class. Or if you’re ready to take the next step toward your financial goals, learn more about our coaching program. 

Happy Homebuyer Hour

October 21st, 2014



Learn about CHW’s one-stop homebuying shop at our Happy Homebuyer Hour at Waypoint Public! Appetizers and first drink on us. Please RSVP below.

Happy Homebuyer Hour

HappyhomebuyerhourAre you thinking about buying a home but wondering how to get started? CHW is a one-stop-shop for homebuying, providing classes, realty and lending services to help you reach your homeownership goal. Join CHW and our homebuying experts on Monday, December 8th from 6-7 PM at Waypoint Public in North Park to learn more about how to buy your first home. Appetizers and first drinks are on us! 

Invest in your future and your community. As a nonprofit organization, we reinvest into community programs like afterschool tutoringfinancial literacy, and neighborhood revitalization. So when you work with us, you're also making a difference in your community.

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We are sorry but registration for this event is now closed.

Please contact us if you would like to know if spaces are still available.

View the flyer or share it with friends!

Taller Introduccion a la Compra de Casa

September 30th, 2014

Monday October 13, 2014 – Monday October 13, 2014

4352 Delta St.

View MapMap and Directions | Register


Taller GRATUITO! Ven aprender los primeros pasos a la compra de una casa. Algunos temas del taller son: el proceso de comprar una casa, como estar listo/a para obtener una hipoteca, y programas de prestamos disponibles. El taller es de 1 hora y es una introducción al taller para Compradores de Casa de 8 horas que también ofrecemos.


Categories: Classes & Coaching

Home Affordability Workshop

September 3rd, 2014

Wednesday December 17, 2014 – Wednesday December 17, 2014

4010 Fairmount Ave

View MapMap and Directions | Register


HomebuyingDecember 17th at 4010 Fairmount Ave, San Diego, 92105

Attend our FREE, no strings attached pre-qualification event! Our loan officers will help you figure out what kind of mortgage you can afford and help you determine your next steps. For the most accurate estimation of your affordability, please bring your most recent pay stub, 2013 W-2’s, and an idea of how much you spend every month on minimum payments towards debt.


Credit Workshop San Diego

September 2nd, 2014

Monday December 8, 2014 – Monday December 8, 2014

4010 Fairmount Ave

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FREE! Come and receive more information on FICO scores, how to establish credit, what is in a credit report, understanding credit card terms and conditions, and more credit tips.


Categories: Classes & Coaching

Financial Fitness Vista

August 5th, 2014

Saturday January 24, 2015 – Saturday January 24, 2015

200 Michigan Ave

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Introducing E-asy Account

July 21st, 2014

Group shot cropped

Thanks to Citi Community Development’s support of a $200,000 grant, CHW is now able to introduce a smart new technology solution for our financial coaching program: E-asy Account.

Easy account diagram

E-asy Account is a virtual bridge connecting consumer financial information aggregated by with the data tracking systems used by financial experts at participating nonprofit organizations. This helps eliminate the paper chase and streamline data collection for nonprofits.

With the sophisticated tools of plus the one-on-one support of a financial expert, E-asy Account users set realistic financial goals and stay motivated towards achieving them. Nonprofit providers will also see staff productivity rise, saving thousands of staff hours yearly and allowing them to help more people.

Thank you, Citi Community Development, for your support!

Introduction to Homebuying Workshop Poway

May 27th, 2014

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Monday September 29, 2014 – Monday September 29, 2014

13414 Community Road

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FREE!!! Come learn about the first steps to buying a home. Some topics covered: shopping for a home, what is needed before applying for a loan, making an offer, and additional resources will be available. This is an introduction to the 8 hour homebuyer’s class.


Categories: Classes & Coaching