Financial Education - Knoxville TVA Employees Credit Union

BUILD FINANCIAL CONFIDENCE

At KTVAECU^®, we're passionate about financial education! Our mission is to help you grow financially. We accomplish this through FREE financial education workshops tailored to help you meet your financial needs and goals, from the basics of money management to how to navigate loans and debt.

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WE'RE HERE TO HELP YOU
WHEREVER YOU ARE IN LIFE.

We provide access to free and confidential financial counseling and education through GreenPath Financial Wellness¹. Your one-stop shop for everything financial! Tap into our information hub and access a variety of financial resources, toolkits, podcasts, and calculators, or connect to a live counselor who is ready to answer your financial questions.

COUNSELING REQUEST FORM INFORMATION HUB CALCULATORS

50/30/20 BUDGET RULE
Need a new way to budget? Try the 50/30/20 Rule! Here’s how it works.
Whenever you plan your monthly budget, divide your purchases into three separate categories: Needs, wants, and savings.

NEEDS
Your needs make up the first 50% of your entire monthly budget. These are the essentials you need to buy each month:

Rent / Mortgage
Bill
Utilities
Groceries

WANTS
Your wants make up 30% of your budget. These are the things you enjoy buying but aren’t essential.

Monthly Subscriptions
Restaurants
Entertainment
Travel

SAVINGS
The remaining 20% of your income goes into savings. This allows you to save for:

Future Expenses
Vacations
Emergencies

CREDIT CARD RESOURCES

Most people use credit cards and understand how credit cards work. However, if you’re not careful, they could be costing you a lot of money. Do you use cards for convenience or to live beyond your means? What type of card do you use? What is your interest rate? What rewards or perks does your card provide? Here are some credit card articles you may find interesting.

TYPES OF

CREDIT CARDS

Know the difference between credit (secured/unsecured), debit, and other cards.

Find the Right Card

CHOOSING THE

RIGHT CREDIT CARD

Important things to consider if you are planning to apply for a new credit card.

Features & Benefits

USING YOUR

CREDIT CARDS WISELY

Suggestions for responsibly using credit cards and signs that may signal trouble.

How to Manage Your Card

FINANCIAL WELLNESS

FREE FINANCIAL COUNSELING

FREE DEBT MANAGEMENT

FREE HOUSING COUNSELING

FREE STUDENT LOAN COUNSELING

FREE CREDIT REPORT REVIEW

Check out GreenPath’s many resources, get advice on budgeting and planning, tips for managing your finances, getting out of debt, improving your credit, and more.

Housing Counselor Q&A

WHAT CAN A HOUSING COUNSELOR HELP WITH?
GreenPath offers free education, along with counseling resources for rental, homebuyer, foreclosure prevention, and reverse mortgage, in a safe, non-profit, HUD-approved environment.

GreenPath strives to empower you with knowledge & confidence. Understanding how a mortgage servicer or landlord’s process works can go a long way in relieving stress and fear of the unknown. A GreenPath counseling session may provide the below and more:
Fill out the online FREE FINANCIAL COUNSELING form to request an appointment.
WHEN SHOULD SOMEONE MEET A HOUSING COUNSELOR?

Do not wait! If you have questions or need help with the sustainability and affordability of your housing situation, GreenPath’s Housing Counselors will listen to your situation, needs, and goals and provide realistic options. GreenPath works alongside you, as the homeowner or renter, as your advocate. If you are struggling with your housing, GreenPath can help navigate conversations with mortgage servicers or landlords and help explain what options may be available and what the impact of different options may be.

If you are considering a new home purchase, especially for the first time, connect with GreenPath's homebuying counselors for an additional resource to help you make the best financial decisions.

Fill out the online FREE FINANCIAL COUNSELING form to request an appointment.
WHY IS CONNECTING WITH A HOUSING COUNSELOR IMPORTANT?

When you reach out to a GreenPath Housing Counselor, you will hear the truth from someone who has your best interests in mind. GreenPath counselors have the knowledge and expertise to identify housing issues, share referrals, and resources, as well as provide realistic options while recognizing and avoiding scams and discrimination.

GreenPath is proud to be a housing counseling agency with 100% of their counselors certified as HUD-certified Housing Counselors. GreenPath counselors are also certified by the National Foundation for Credit Counseling (NFCC), which includes an additional housing counseling certification. And even after certification, GreenPath counselors are required to complete continuing education coupled with the day-to-day experience of speaking with clients and mortgage servicers.

GreenPath has a significant amount of knowledge and experience that can be used to benefit you and to help keep a roof over your head. Fill out the online FREE FINANCIAL COUNSELING form to request an appointment.
WHAT DOES A HOUSING COUNSELING SESSION INVOLVE?
As a Member benefit, speaking with a GreenPath Housing Counselor is free and confidential. GreenPath counselors are serious about their “No Judgment Zone" environment.

GreenPath counseling session will allow you to:
If you're buying a home, GreenPath Homebuyer Counseling is free to Members and will help you prepare for not just the home buying process but for the responsibilities of homeownership beyond the mortgage payment. Counseling sessions will help you prepare to be better budgeters and savers.

If you're carrying a debt load beyond a mortgage or rent, such as credit cards, student loans, or other loans, GreenPath counselors will also discuss tactics for reducing this debt in a way that prioritizes housing and basic needs first.

Fill out the online FREE FINANCIAL COUNSELING form to request an appointment.

¹GreenPath Financial Wellness is a third-party partner to Knoxville TVA Employees Credit Union. Must be a Member in order to receive free assistance. These services are optional and are not an obligation or guarantee by Knoxville TVA Employees Credit Union or its affiliates. GreenPath Financial Wellness is a trademark of GreenPath, Inc.