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Presentation lite.2 hour


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Introductory personal financial wellness education program for employees | adults | young adults. The introductory program is facilitated over two hours and covers the essential personal financial wellness topics including budgeting | debt management | creating savings | understanding investments | estate planning and so on.

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Presentation lite.2 hour

  1. 1. Financial Wellness liteAn introduction topersonal financial wellness
  2. 2. What is personal financialwellness?Ask yourself…• Where am I now?• Where do I need to be?• How do I get there?• Who can help me get there?• How do I plan?• What do I need to do?• What will hold me back?
  3. 3. Personal FinancialManagementWhere do I start?My PersonalBudget Planner
  4. 4. Personal FinancialManagement• Using your Personal Budget Planner• Setting up your Monthly Budget Planner• Daily Budget Diary• Envelope to keep transaction slips• Obtain a Bank Statement• Take 30 minutes• Month Two and beyond
  5. 5. Me and Debt• Dealing with Debt• Debt will hold you back• How did I get here?• ‘Good’ and ‘Bad’ Debt• The cost of credit• Pause and Think• Make sense of your debt…damage report
  7. 7. Me and Debt‘My DebtReductionPlan’
  8. 8. Me and Debt• Step One – Look yourself in the Mirror• your predicament – 4 options•reduce spending and adjust yourspending plan accordingly•debt review•refinance•default• share your plan of action
  9. 9. Me and Debt• Step Two – Assess the damage• Put the following into a simple table –Damage Report• identify all creditors• identify outstanding debt balances• specify minimum monthly repayments• loan interest rates• loan repayment start dates | finish dates
  10. 10. Me and Debt• Step Three – Monitor | Manage spending• where do you spend your money?• track all spending on a monthly basis• identify trends and habits• keep ordered records• review your records against the budgetcalculator• take any corrective action
  11. 11. Me and Debt• Step Four – Cut wastage out• get tough on yourself• identify ‘needs’ versus ‘wants’• remove the ‘clutter’ spending• cherish the simple things in life• coordinate/combine large purchases• review your insurance policies
  12. 12. Me and Debt• Step Five – de-clutter and reduce• convert disused goods to cash• book sale• linen and clothes• advertise on line such as Gum Treeand EBay• advertise in local newspapers
  13. 13. Me and Debt• Step Six – Negotiate with the bank• keep a record of all bank statements andtally up the charges• is the bank open to negotiation?• challenge the facility costs and charges• review what packages the bank offers |shop around• refinance | restructure options | DebtConsolidation? [cost of credit]
  14. 14. Me and Debt• Step Seven – Big Decisions• downgrade your car• cheaper more practical car | more fuelefficient• cheaper insurance | running charges• downgrade your house• move to a smaller more practical house• less upkeep | less expense
  15. 15. Me and Debt• Step Eight – Be goal orientated• determine | prioritise which debt to tackle• stick to the priority list• set a realistic and achievable payment plan• stick to the debt payment plan• close off accounts as you bring them up todate• roll over debt payments - cascading
  16. 16. Me and Debt• Step Nine – Wipe the slate clean• contact a credit bureau for a credit profile• entitled to one free report a year• ‘blacklisted’? – could stick for up to 5 years• attorney can assist, but costly• alternatively try Legal Aid or Credit Ombud• keep proof of paying off | settling any debt
  17. 17. Me and Debt• Step Ten – Review | Reset• SPENDING PLAN is the most importanttool• spending plan manages your spendinghabits• sets a clear strategy• identifies how you spend• sets goals | boundaries | discipline• ensures that you stick to it
  18. 18. Savings and Investments• Moving Forward• savings | investments• risk and return• time• inflation• building blocks of investments
  19. 19. Savings and Investments• Moving Forward• short | medium | longer termfinancial goals• creating and Emergency Fund• how much do I need for Retirement?
  20. 20. Considerations• Further financial planningconsiderations…• get your monthly BUDGET in order• reduce and manage your DEBT• improve your SAVINGS |INVESTMENTS• set SHORT | MEDIUM | LONGER termGOALS
  21. 21. Considerations• Further financial planningconsiderations…• consider your ESTATE PLANNING• adequate INSURANCE cover• CHILDREN | FAMILY and money• find yourself a FINANCIAL GUIDE
  22. 22. Considerations• Where can we help you further?• Financial Planning Advice• Debt Counselling• Tax Consulting• One on One financial coaching
  23. 23. Thank youThis is just the beginning ofyour NEW financial journeyVisit us at