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Bank On Financial Coach Training

Bank On Financial Coach Training. October 16, 2012. Bank On and 500 Families Financially Fit for the Future. History Components of Bank On Access to low cost traditional financial products Financial Education Coaching Referral Process Sign up or Referral

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Bank On Financial Coach Training

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  1. Bank On Financial Coach Training October 16, 2012

  2. Bank On and 500 Families Financially Fit for the Future • History • Components of Bank On • Access to low cost traditional financial products • Financial Education • Coaching • Referral Process • Sign up or Referral • Contact Office of Financial Empowerment • Package Sent • Search for Bank • Participate in Class • Meet with Mentor

  3. Financial Empowerment Passport

  4. Beginning Coaching • Initial Contact • Establishing a relationship • Open ended questions • Establishing a goal • Actions for follow up • Discussion of class attendance • Points learned • Actions taken • Next meeting • Frequency of meetings (payday play)

  5. ROLE PLAY

  6. Beginning Coaching • Initial Contact • Establishing a relationship • Open ended questions • Establishing a goal • Actions for follow up • Discussion of class attendance • Points learned • Actions taken • Next meeting • Frequency of meetings (payday play)

  7. Tips for Success • Trigger points for follow up • Account Activity • Other • Do’s and Don’t’s • Role of Personality in Decision Making

  8. Helping Clients Take Control • Where’s my stuff? - Get Organized • Where did it go? – Track Spending • What are my options? – Resources for help • Where should it go? – Spending Plan • What can I control? – Financial Decisions • What is most important? – Goals/Prioritizing • Who’s in charge? – Strategies for maintaining control • What do they say? – Chexsystems, Credit Bureaus, and Credit Score

  9. Resources to Use • Forms: • Spending Plan • Debt Management • Net Worth • Tracking Sheets • Goal Setting • Guideline Budget

  10. Web Resources • Virginia Beach Department of Human Services: www.vbgov.com • Virginia Saves – www.virginiasaves.org • Money 101 – www.money101thebasics.com • Annual Credit Report – www.annualcreditreport.com • Credit Karma – www.creditkarma.com • Mint – www.mint.com • Bank On Website: www.joinbankon.org

  11. Filling in the Gaps

  12. You are not alone • Emails: to lirwin@vbgov.com • List-serve • Shared Documents

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