Centura Blog

Connecting Communities & Careers

The Path to Financial Literacy

Posted by on May 28, 2020 in Adult Education, Centura Chesapeake, Centura College, Centura Columbia, Centura Newport News, Centura Norfolk, Centura Richmond, Centura Virginia Beach, Financial Aid, Lifestyle

Written by Mike Vaughn

You may have found yourself asking, “what exactly does financial literacy mean?” Understanding the topic of money sounds simple enough, but its complexity depends on our goals. For everyday life, we only need enough to pay our bills and not be overdrawn by payday, but we may be able to do better than that by paying more attention to the ongoing struggle between our wallets and our bank accounts.

The odds of hitting the jackpot are 1 in 302,575,350, according to Mega Millions. Upon discovering this, most of us must find a different path to financial independence. The saying “spend less, save more” is a good start, but there’s so much more that we can do. We’re not going to go into the stock market here, but we’ll cover some easy things you can start doing today, tomorrow or next week.

Why is Financial Literacy Important

A basic understanding of your finances can help you set financial goals, manage your credit and even determine which bank you should be using. Obviously, the sooner you figure out your finances, the better. We can ruin our credit in a matter of months, but it takes years to rebuild. 

Credit Scores and Credit Utilization Ratios

You never know how important your credit score is until you’re making a major purchase.  Your credit score determines whether or not you qualify for that loan or financing; it also determines the interest rate you’ll be paying. 

It’s a good idea to keep your credit use below 30% of your total available credit.  That is your credit utilization ratio, and it is calculated by dividing the total amount on all your credit cards by your total available credit. For instance, if you’ve got a $1000 credit card, you’d want to keep your balance below $300. If your credit utilization ratio is above 30%, this can hurt your credit score, as this is the second biggest factor affecting your score next to payment history.

Setting a Budget

It’s also important to keep an eye on your accounts and track your spending because it’s easy to find your account overdrawn if you’re not careful. The best thing to do is create a budget. It doesn’t have to be too complex, but some way for you to see how much money you’ve got coming in and how much money you’ve got going out, and when. With this information, you’ll be able to plan how to use your money more efficiently. Once you see where your money is going, it’ll be easier to fine-tune your spending and set financial goals. 

There are a lot of resources online for information and tools you can use. With these financial management tools, you will easily be able to manage your money, manage your debt, and manage your credit.

A good method to follow is the 50/30/20 budget rule. That is 50% for essentials, 30% for personal spending, and 20% for savings and other financial goals.

Financial Literacy for Saving

Be sure to make savings a part of your monthly budget, no matter how small the amount. It’s important to keep your savings out of your checking account. Also, don’t confuse your wants with your needs.

An emergency fund is another good idea, but only dip into it in case of emergency, such as job-loss, medical emergencies, emergency home repairs, vehicle repairs and things of that nature.

It really is never too early to start saving for retirement, so try to get into a 401(k) program as soon as you can. Ask your employer or your bank about getting started, and they will walk you through your options. It’s also recommended that when you get a raise, increase your retirement savings, too.

Other Things to Know

Be aware of interest rates for credit cards, loans, and even savings accounts, as some are better than others. 

A good method for tackling debt is to pay off smaller bills first and getting them out of the way. Follow that up by attacking your higher interest credit cards or loans. 

It might also be a good idea to adopt a cash-only diet. This curbs spending and makes your money a lot easier to track. 

On a final note, it can’t be stressed enough that the more you learn about financial literacy, the closer you will be to reaching your goals.

For more information on Centura College, visit www.centuracollege.edu

About Centura College

Centura College has been part of an organization dedicated to helping men and women develop careers since 1969. By training working adults in healthcare, technology, business, and trades, they connect communities with some of the fastest growing career fields in today’s marketplace. The school offers professional facilities, knowledgeable instructors, day or evening classes, job placement assistance and is accredited by the Accrediting Commission of Career Schools and Colleges (ACCSC). To learn more, visit www.CenturaCollege.edu or like them on Facebook at https://www.facebook.com/centura.edu.

Share our Blog post:

Centura College Sends PPE to Healthcare Workers

Posted by on Apr 3, 2020 in Campus Connections, Centura Chesapeake, Centura College, Press Release, Spotlight Feature

Centura Chesapeake staff members collect PPE and food to donate to healthcare workers, children and less fortunate individuals within the community.

Centura College Staff members making masks for healthcare workers

Written by Jul DeGeus

Wednesday, April 1st, Centura College’s Chesapeake campus collected food and beverage donations and assembled nearly 100 facial masks for healthcare workers within our community, all while practicing social distancing. This event was held so that the campus staff members could collect materials and food for individuals within the community who need extra supplies and support.

“We at Centura College Chesapeake wanted to provide support as communities struggle throughout our nation,” said Centura College Chesapeake’s Campus Executive Director Michael Bragg. “We made the decision to collect PPE and food to help make sure that basic needs for healthcare workers, who are on the front lines of this pandemic, and children, whom represent our future, can be met.”

The food and beverages were donated to Buffalow Family and Friends Community Days (BFFCD), which is a family-oriented organization that offers support, food and clothing to the Chesapeake community in Chesapeake, Virginia. Currently, BFFCD is together daily lunches for thousands of children since the schools were closed for the remainder of the year.

The facial masks will be donated to the The Chesapeake Taskforce on Aging which is a non-profit organization that focuses on providing quality of life for seniors within the community. The masks will go to home healthcare workers who are performing their duties within assisted living facilities and homes right here in Chesapeake.

For more information regarding Centura College’s Chesapeake campus, call (757) 549-2121 or visit www.CenturaCollege.edu.

About Centura College

Centura College has been part of an organization dedicated to helping men and women develop careers since 1969. By training working adults in healthcare, technology, business, and trades, they connect communities with some of the fastest growing career fields in today’s marketplace. The school offers professional facilities, knowledgeable instructors, day or evening classes, job placement assistance and is accredited by the Accrediting Commission of Career Schools and Colleges (ACCSC). To learn more, visit www.CenturaCollege.edu or like them on Facebook at https://www.facebook.com/centura.edu.

Share our Blog post:

Hot Dogs for Heroes: Community Event

Posted by on Aug 27, 2019 in Adult Education, Campus Connections, Centura Chesapeake, Centura College, Community Connections, Military Friendly School, Spotlight Feature

Centura College Chesapeake honors military and first responders at Hot Dogs for Heroes, a community cookout with games and prizes.

Centura College female Staff members with male police officers at hot dogs for heroes.

Written by Zakkiyya Anderson and Esperanza Poquiz

Last month, Centura College Chesapeake celebrated Independence Day by honoring Hampton Roads military personnel and first responders with Hot Dogs for Heroes, a cookout complete with music, games and raffle prizes!

Students, faculty and spectators enjoyed hot dogs, chips and desserts that were prepared by the staff in a blind bake-off. Music was handled by Wendell Bond, one of the campus’s massage therapy students. Bond kept the beats jamming throughout the entire event. No summer gathering is complete without corn hole, volleyball and jumbo Jenga, all of which were at the celebration. Students and staff both got in on the competitive fun, knocking over Jenga towers and sinking beanbags into corn hole boards.

Local vendors, like AT&T, First Command, STOP Inc. and Red Bull, were in attendance sharing resources with staff, students and the community.  Raffle prizes included Norfolk Tides tickets and a Bluetooth speaker. All recipients of the raffle prizes either served in the military or were military spouses. Centura Chesapeake looks forward to continuing show appreciation for all the heroes who sacrifice so much for the community and country.

About Centura College

Centura College has been part of an organization dedicated to helping men and women develop careers since 1969.  By training working adults in healthcare, technology, business, and skilled trades, they connect communities with some of the fastest growing career fields in today’s marketplace.  The school offers professional facilities, knowledgeable instructors, day or evening classes, job placement assistance and is accredited by the Accrediting Commission of Career Schools and Colleges (ACCSC).  To learn more, visit www.CenturaCollege.edu or like them on Facebook at https://www.facebook.com/centura.edu.

Share our Blog post:

Centura Chesapeake has got Your Back When You’re in Knead

Posted by on Jul 30, 2019 in Centura Chesapeake, Centura College, Community Connections, Massage Therapy, Press Release

The grand opening of the new clinic is open to the public. The facility provides students with hands-on experience and the community with access to affordable massages.

Written by Jul DeGeus

Centura College’s Chesapeake campus  invites the community to attend the grand opening of their Massage Therapy Clinic and Spa on Thursday, August 15th, from 11:00 a.m. till 1:00 p.m. The event will take place at 932 Ventures Way in Chesapeake and is free and open to the public.

At the grand opening, visitors can take campus tours, enjoy a luncheon and receive free massages. Active students, alumni and bodyworkers from the Chesapeake community will have the opportunity to network face to face with employers who have immediate openings. Prospective students can view demonstrations and talk with employers about occupational possibilities within the industry, to include: clinics, spas, physician offices, hotels, fitness centers, cruise ships and personal businesses. Prizes will be raffled out to attendees, while supplies last.

“We are looking to grow our Massage Therapy program, because employers are calling us every day looking for our graduates! Massage Therapy is one of the fastest growing professions in the health care and wellness industry and we’re looking to do our part by training the next generation of massage therapists,” reported Ashley Oden, Campus Executive Director of Centura College, Chesapeake. According to the Bureau of Labor Statistics, the demand for massage therapists is expected to grow by 26% by the year 2026.

At Centura College’s Massage Therapy Clinic and Spa, clients can expect a tranquil and relaxing atmosphere while receiving their massage services by a student at comparable rate. “At Centura, the clinic simulation is an integral part of the curriculum as students prepare for employment in the massage therapy field,” states Oden. The Massage Therapy Clinic and Spa provides an opportunity for students to practice, refine and display the skills they have developed throughout their program. Students receive training based on sound evidence, ancient principles, ethical guidelines and professional integrity.

For more information regarding Centura College’s Massage Therapy program, contact the campus at (757) 549-2121.

About Centura College

Centura College has been part of an organization dedicated to helping men and women develop careers since 1969. By training working adults in healthcare, technology, business, and trades, they connect communities with some of the fastest growing career fields in today’s marketplace. The school offers professional facilities, knowledgeable instructors, day or evening classes, job placement assistance and is accredited by the Accrediting Commission of Career Schools and Colleges (ACCSC). To learn more, visit www.CenturaCollege.edu or like them on Facebook at https://www.facebook.com/centura.edu.

###

 

Share our Blog post:

Calvary Revival Church and Centura College create a $1 Million Overcomers Scholarship for the Hampton Roads Community

Posted by on Jun 12, 2019 in Adult Education, Campus Connections, Career Change, Centura Chesapeake, Centura College, Centura Newport News, Centura Norfolk, Centura Virginia Beach, Community Connections, Financial Aid, Military Friendly School, Press Release, Scholarships, School Awards, Spotlight Feature

In conjunction with Aviation Institute of Maintenance, Centura College, and Tidewater Tech, Calvary Revival Church announces a $1 million scholarship fund for students, to be awarded over the next ten years.

Earlier this year, Aviation Institute of Maintenance (AIM) purchased Calvary Revival Church’s former Calvary Christian School campus on East Little Creek Road, where AIM will relocate its Southeast Virginia campus in 2020. Calvary Christian School was an accredited K-12th grade, faith-based, private school founded by Bishop B. Courtney McBath, dedicated to inspiring future educators, doctors, lawyers, and politicians that would eventually leave their homes in Norfolk and surrounding communities to go out and change the world. The two entities have now teamed up to create a scholarship fund for students in the local community.

The $1 Million Overcomers Scholarship Fund will be administered by Calvary Revival Church (CRC) over ten years to help the Norfolk community and the Hampton Roads community at-large pursue career-focused college education and workforce development.  Recipients of the scholarship will pursue training at the AIM, Centura College, and Tidewater Tech campuses and will be supported with job placement services after graduation.

“This scholarship is representative of our church’s heart for Norfolk and people throughout the 757 that are looking for opportunities to improve their quality of life,” said Courtney McBath, Senior Founding Pastor at Calvary Revival Church—an  eclectic, family-oriented ministry dedicated to creating Overcomers out of the broken and empowering its community. In July 2020, CRC plans to celebrate 30 years of ministry and service. It offers services on Saturdays at 6:00 PM and Sundays at 8:30 and 11:00 AM at 5833 Poplar Hall Drive in Norfolk, where you can almost always count on being greeted with a “Hey Fam!” and hugs that feel like HOME. Calvary Revival Church, in conjunction with the Foodbank of Eastern Virginia, also serves thousands of Norfolk residents every Friday from their Healthy Foods Pantry located at the church’s 5833 Poplar Hall Drive campus. Our goal since our inception in 1990 has been to expose our community to opportunities for advancement and to remind them of their God-given value and purpose, says McBath, and alumnus of M.I.T.

Over the next decade, hundreds of Norfolk citizens will benefit from the Overcomers Scholarship Fund, and they will go to work at hospitals, airlines, shipyards, and businesses throughout the region.  Dr. Joel English, Vice President of Operations for the colleges, stated that “this is the first time in our institutional history that we have donated to such a significant scholarship program.”   “The Overcomer Scholarship will reduce or eliminate college debt for the recipients,” said English, “and it will supply skilled tradespeople for open positions throughout Hampton Roads.”

 

About Calvary Revival Church

For more information about Calvary Revival Church, please find them at @CRCNorfolk on all social media platforms or join us online at www.crcglobal.org to learn about ways that you can give back to Hampton Roads through service and scholarship!

About Aviation Institute of Maintenance

Aviation Institute of Maintenance (AIM) is a network of aviation maintenance schools with campuses coast-to-coast across the United States and headquarters located in Virginia Beach, Va. AIM students are trained to meet the increasing global demands of commercial, cargo, corporate and private aviation employers.  AIM graduates are eligible to take the FAA exams necessary to obtain their mechanic’s certificate with ratings in both Airframe and Powerplant.  AIM’s campuses are located in the following major metro areas: Atlanta, Philadelphia, Dallas, Houston, Indianapolis, Las Vegas, Washington, D.C., Kansas City, Mo., Fremont, Calif., Orlando, Fla., and Norfolk, Va. Learn more at: www.AviationMaintenance.edu.

About Centura College

Centura College has been part of an organization dedicated to helping men and women develop careers since 1969.  By training working adults in healthcare, technology, business, and skilled trades, they connect communities with some of the fastest growing career fields in today’s marketplace.  The school offers professional facilities, knowledgeable instructors, day or evening classes, job placement assistance and is accredited by the Accrediting Commission of Career Schools and Colleges (ACCSC).  To learn more, visit www.CenturaCollege.edu or like them on Facebook at https://www.facebook.com/centura.edu.

About Tidewater Tech

Tidewater Tech is a career training school that specializes in trade vocations including Auto Technician, Heating, Ventilation and Air Conditioning (HVAC), Building Maintenance and Repair and Welding.  The school offers professional facilities, knowledgeable instructors, day or evening classes, and job placement assistance.  Learn more at www.tidewatertechtrades.edu.

Share our Blog post:

HVAC Grand Opening at Centura College Chesapeake

Posted by on May 21, 2019 in Adult Education, Centura Chesapeake, Centura College, Community Connections, HVAC, Press Release, Skilled Trades, Skilled Trades Careers

After months of renovation, the community and prospective students are invited to the Heating, Ventilation, and Air Conditioning (HVAC) Program Grand Opening and Ribbon Cutting Ceremony.

HVAC dials adjusted

Centura College’s Chesapeake campus, located at 932 Ventures Way, Chesapeake, VA 23320, invites all members of the Hampton Roads community for the launch of their new Heating, Ventilation, and Air Conditioning (HVAC) Program. The celebration is on Wednesday, June 5th, 2019, and starts at 12:00 p.m. The ribbon cutting ceremony will be followed by refreshments, campus tours and demonstrations.

“The new HVAC Program will help fill an employment need in the community. The need for HVAC technicians is expected to grow more than 15 percent by 2026, so it’s a trade that needs skilled workers to keep up with the demand. We’re happy to have the space, equipment, and training available to fill the need,” says Ashley Oden, Campus Executive Director at Centura College’s Chesapeake campus.

More than 2,500 square feet has been renovated to include new classrooms for the new Heating, Ventilation, and Air Conditioning Program. The training lab features a variety of equipment, tools and specialized training aids to help students gain the knowledge and hands-on experience they need to enter the HVAC industry. This 12-month program is designed to train students in air conditioning fundamentals, electrical theory, refrigerants, heat pumps, heating systems, icemakers and ice cream machines, refrigeration equipment, specialty tools, commercial water-cooled air condition systems, brazing and soldering techniques, and psychometrics. Students will also complete the Occupational Safety and Health Administration (OSHA) 10-Hour Safety Certification and Environmental Protection Agency (EPA) Section 608 Refrigerant Transition Certification.

The event is free and open to the public. No HVAC experience is required to attend. For more information regarding the event, contact Centura College’s Chesapeake campus at (757) 549-2121.

About Centura College

Centura College has been part of an organization dedicated to helping men and women develop careers since 1969. By training working adults in healthcare, technology, business, and trades, they connect communities with some of the fastest growing career fields in today’s marketplace. The school offers professional facilities, knowledgeable instructors, day or evening classes, job placement assistance and is accredited by the Accrediting Commission of Career Schools and Colleges (ACCSC). To learn more, visit www.CenturaCollege.edu or like them on Facebook at https://www.facebook.com/centura.edu

Share our Blog post:
<