1. Welcome to Ongoing training Basic Brush-up

2. Objectives Identify the circumstances that bring clients to budget services Identify the elements of a typical ongoing budgeting sequence Identify and demonstrate the use of the debt schedule Identify and demonstrate the long term use of the cashflow

3. Typical ongoing budgeting sequence 1. + income: find it all! 2. - basic expenses: essential living costs 3. = surplus: can be used to address crisis 4. - other monthly and annual expenses (draw up budget worksheet) 5. = smaller surplus or deficit

4. Ongoing budget sequence 6. interim, short term cashflow 7. debts: list, prioritise, make repayment plan 8. = balanced budget or small surplus 9. long term (12 month) cash flow 10. encourage, educate, monitor

5. NZFFBS Inc Client Debt Schedule Key:Security:Creditor:Type: 1. Secured1. Government Dept.1. Credit card Date: 2. Unsecured2. Courts2. Credit Contract(HP) Client name / number: 3. Telecommunications3. Loans 4. Utilities (gas/power)4. Other 5. Accomodation Client address: 6. Retail goods 7. Professional Services 8. Bank Loans 9. Finance Company Loans Adviser name / number: 10. Mortgages 11. Family/Friend/Other Loans Creditor nameTotal debtSecurityCreditorTypeTotal arrearsRepay rateFrequencyPriorityComments Totals$0 The information contained in this budget has not been verified and no responsibility is accepted for its accuracy by the NZFFBS Inc. The budget has been copied from the NZFFBS Inc website and is for informational purposes only. The NZFFBS Inc does not accept any responsibility to any other person(s) or organisation(s), on any grounds whatsoever, for the accuracy or otherwise of this information. This is a special item purpose built for the NZFFBS website. © NZFFBS Inc 2008, recreated 2010.

6. Debt prioritisation Urgent debts are for basic essentials are overdue and action is being initiated carry the greatest penalties are likely to cause further hardship

7. Debt prioritisation We should keep paying debts to avoid penalties, arrears and legal action take are of medical bills etc priortise debts important to the family deal with small debts deal with old debts

11. Key Points A range of issues bring people to the budget service Take care making commitments to creditors Use the debt schedule Clients must be primarily responsible Cashflows are an excellent tool for clients and advisers