MONEY MENTORS - SESSION 1

1. MONEY MENTORS - SESSION 1 • Rounds – 15mins • The Big Picture – 10mins • Our relationship with Money – 10mins • Our relationships with education – 10 mins • Short and Long Term Goals – 5mins • The World of Money – 15mins • Setting personal goals – 15mins • Evaluation – 10mins

2. ROUNDS: Name, Institution.Why have you chosen to be a Money Mentor?

3. The Story of Money Mentors

4. Here’s how it works: 1) You will attend 5 training sessions 2) To improve your knowledge and skills about money – budgeting, banking and borrowing 3) So you can then mentor at least 10 further members of your community 4) Education to take control and then take action

5. MONEY MENTORS: The Big Picture Make bank account features work for you Planning your mentoring action Setting personal goals Beginning to budget Understanding the cost of borrowing Money Walk Key Tasks for MONEY MENTOR Leaders... Plan at least two mentoring sessions in your institution Develop a plan to enable money management to become sustainable in your institution Differentiate between bank account features Understand which bank account features are best for you

6. At the end of the year your community will have the skills to control their money that bit more.

7. Financial Literacy Test

8. What’s Our Relationship With Money?

9. Money Personality Quiz!What kind of money personality are you...? Saver or Spender? Risk Taker or Play Safe?

10. What’s Our Relationship With Education ?

11. Best Mentors

12. What Kind Of Mentor Will You Be??

14. Individual goals

15. Goal setting is a powerful process for thinking about your future, and for motivating yourself and others to turn the world as it should be, into the world as it is • What your personal goals are as a money mentor? • What short-term financial goals do you have? • What long-term financial goals do you have? • what economic changes would you like to see made in your community?

16. defining between short term and long term financial goals Short term goals Long term goals Intermediate goals Short term goals (usually 1 year or less to achieve) very much depend on the date the task is achieved, the total cost and required savings. Long term goals (usually over 5 years) are those things which wont happen overnight, no matter how hard you work to achieve them.

17. Examples of these goals may be Long term Short term Buying presents for Christmas or a birthday Buying a washing machine Going on break/holiday Paying of debts Buying a car Retirement plan Buying a house Investing in an education Paying off debts

18. Budgeting and Financial goals • Identify and write down financial goals • Break each financial goal down into short, intermediate, and long term. • Educate yourself; what do you need to cut out or down on within your current expenditure, check entitlements, what tools do you require to help you? • Evaluate your progress

19. What’s Our World Of Money Like ?

21. Something to have a think about • What short-term goal will you achieve during your Money Mentors course? • What will you have to do in order to achieve your goal? • How long will it take you to achieve your short term goal? • How will achieving your goal make you feel?

22. Fill in your plan!!!!!!!!!!!! Fill in your plan- and start to think about what tool will help you achieve your goal? REACH YOUR GOAL

23. EVALUATION