Centura Blog

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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.

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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.

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Centura College’s Try a Trade Event

Posted by on Mar 4, 2020 in Adult Education, Centura Norfolk, Construction Electrician, Dental Assistant, Dental Assisting, Health, Health Information Technology, Skilled Trades, Skilled Trades Careers

Written by Meagan Chappell

Centura College’s Norfolk campus hosted their first Try a Trade Open House on Friday, January 10.

The Try a Trade campus event welcomed the public to try a trade for a day. The event mimicked a typical college shadow day, but with a twist. All attendees had the opportunity to explore a skilled trade of choice and received hands on training. Whether they selected the carpentry trade or construction electrician trade, attendees worked hands-on with professional assistance by experienced trade instructors.

The attendees learned how to safely use tools of the trade to assist with cutting, shaping, installing and much more, allowing them to gain experience immediately. Several instructors were on hand to talk about why they’re passionate about what they do and the opportunities that stem from hands-on learning. The attendees thoroughly enjoyed test-driving the actual equipment that will be available to them and were able to leave with hand crafted pieces of their work.

Centura College believes providing hands-on learning is the way to take what you’re learning in the classroom and apply it to real experiences.

Trade Programs

The Carpentry program at Centura Norfolk provides students with the technical skills to build, install and/or repair residential, commercial, and industrial structures such as floors, walls, roofing, windows, and doors as well as interior and exterior building structures. Students who graduate from this program will have learned how to construct, repair and install building framework and structures made from wood and other building materials.

The Construction Electrician program at Centura Norfolk provides students with the technical skills to setup, install, repair and maintain electrical systems that provide heating, cooling, lighting, communications, and power distribution for residential, commercial and industrial structures.

Centura College’s Norfolk campus offers training in the following career fields:

Carpentry

Construction Electrician

Dental Assisting

Health Information Technology

Medical Assisting

For more information regarding Centura College’s Norfolk campus program offerings, contact the campus at (757) 340-2121.

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.

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Centura College’s ‘Scope’ of Programs Expands

Posted by on Oct 15, 2019 in Adult Education, Career Change, Centura College, Centura Virginia Beach, Health, Medical Assisting, Press Release

Limited-scope radiologic technology training is now an option with the existing Medical Assisting program at Centura Virginia Beach.

Male instructor teaching Centura college Female student in the a Medical Assistant with Limited-Scope Radiologic Technology program

Written by Jul DeGeus

Centura College’s Virginia Beach campus is now offering a Medical Assistant with Limited-Scope Radiologic Technology program. This program will be offered alongside the campus’s existing training: Medical Assisting, Massage Therapy, Biomedical Equipment Technology, Business Management Associates Degree, Operations Management Degree and Allied Health Management Degree.

The Medical Assistant with Limited-Scope Radiologic Technology program provides the student with the knowledge and skills to become employed as a medical assistant with limited radiography for work in physician offices, hospitals, urgent care centers, and other health care facilities. Positions of employment related to this program consist of: medical assistant, laboratory assistant, limited-scope x-ray technician, phlebotomy technician and EKG technician.

Students will learn the fundamentals of medical terminology, anatomy and physiology and medical laboratory and exam room procedures. Hands-on learning will teach pupils to measure vital signs, perform EKG’s, urinalysis and phlebotomy procedures. Students will gain an understanding of insurance billing, radiologic equipment operation and radiation safety measures.

The healthcare industry desires the professional and medical skills of our graduates along with the interpersonal skills that we teach within the program. The program concludes with two capstone courses, which guides the student in preparing for a medical assistant industry certification exam and prepares the student for the limited scope radiologic exam. Upon successful course completion, students will be prepared to take the American Registry of Radiologic Technologist (ARRT) Radiography certification exam.

For more information regarding Centura College’s Medical Assistant with Limited-Scope Radiologic Technology program, contact the campus at (757) 340-2121.

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.

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Centura College Hosts Career Fair to Support Job Seekers

Posted by on Oct 15, 2019 in Adult Education, Campus Connections, Career Change, Career Fair, Centura College, Community Connections, Press Release, Skilled Trades, Skilled Trades Careers

Centura College’s Richmond Metro campus hosts a Career Fair on October 16 for job seekers in the community.

Male Welder from Centura College

Written by Jul DeGeus

Centura College’s Richmond Metro Area campus is holding a career fair on Wednesday, October 16th, from 12:00 p.m. till 4:00 p.m. Located at 7914 Midlothian Turnpike North Chesterfield, Va., this event is free and open to the public, you can RSVP here.

Jobs seekers will have the opportunity to connect directly with recruiters from a variety of industries. Hiring managers will be present and are looking to fill positions within their respective organizations. These representatives will be accepting resumes as well as providing information regarding available job opportunities. On-the-spot interviews will be conducted at the discretion of the employer.

“Centura College of Richmond Metro continues to strive to be responsive to the needs of area businesses, industries, and the government,” stated Robert Jones III, Campus Executive Director. “We assist adult students to gain the skills and attitudes necessary for a meaningful entry-level career position. We look forward to having the community come out for this event.”

Career fair goers should come dressed in business attire and bring multiple copies of their resume. For more information regarding Centura College’s Career Fair, contact the campus at (804) 330-0111.

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.

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