People with Plans are 10x more likely to be successful. Make your Financial Plan for May 21 through August 31, 2023 so you can feel confident.
Steps: Fill in your total expected income, fixed, and flex expenses for the entire 3 month period from May 21 through August 31, 2023. Rounded estimates are your friend. Review your Plan Summary at the end of the sheet to determine if your plan will work or if any changes are needed. Make these changes to bring your plan into balance and write a brief reflection. Once you submit this form, you’ll have the option to download your responses as a PDF. Download the PDF and email it to your point of contact at Teach For America to unlock your summer stipend.
Example: Calculate the total needed for each entry for the whole summer. If rent is $1,325 per month, that’s $1,325 x 3 months = $3,975 for the whole summer.
All Income May 21 – August 31, 2023
Checking Balance • Stipend $5,000 • Transitional Financial Support • Need-Based Financial Support • Americorps $6,495 (Enrolled CMs, end of service).
For more info, visit 2023 TFA Financial Support Overview
All Fixed Expenses May 21 – August 31, 2023
Current CMs report an average rent for 1 Bd: $1,500/each month • Parking: $0-300/each month
All Flex Expenses May 21 – August 31, 2023
Daily decisions and one-time expenses