Effective money management:

• Why effective money management is vitally important
• The debt scene in South Africa – understanding the bigger picture
• Why most people cannot budget?
• What is money and the 3 kinds of persons using money.
• How society operates and your access to money
• How do you relate to money? Your basic temperament.
• Financial freedom has nothing to do with money – having enough is a value based question
• Principles of using money – what some people don’t know.
• Alternative sources of income – developing multiple income streams
• Disruptive elements to budgeting – preparing for the unforeseen
• What a budget should look like – understanding the importance of prioritizing expenses in terms of variable, non-variable and capital expenses and evaluating your current budget
• Good debt and bad debt – how to manage debt
• Developing a debt management plan
• How to check and enhance your credit profile and sustaining it
• Understanding the institutions selling money to make money (banks-credit cards-home loans-buying cars, etc). Do’s and don’ts when purchasing homes and cars  
• How to save 10-20% of your current budget – saving strategies in a time of financial crisis – developing a reserve fund
• Developing an action plan to work with your money.
• Workshop outcomes:
  
  ·         Create an awareness of the importance of proper personal financial management
  
  ·         How to manage personal debt.
  
  ·         Specialist referral agencies for those who need assistance with debt management.
  
  ·         Prioritizing expenses by distinguishing between needs and wants.
  
  ·         Developing a written personal budget to guide and monitor spending patterns.
  
  ·         Developing strategies to save money and develop a reserve fund.