Financial Mentor Introductory Course Module 8: Case Study 2 Creating a Cashflow

The Financial Mentoring Introductory Course is for new financial mentors to be trained in the skills and knowledge needed to...

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Last updated 21 June 2024

The Financial Mentoring Introductory Course is for new financial mentors to be trained in the skills and knowledge needed to be an effective financial mentor to serve the community.

This is module eight.

Aim of Module

This module works with Client Indigo to demonstrate how to create a cashflow and debt repayment plan.

What will you learn?

At the completion of this module, trainees will understand:

  • the importance of preparing a cashflow
  • the differences between a cashflow, budget and debt schedule
  • options to ‘fix’ a cashflow when it is out of balance
  • how to create a debt repayment plan.

Trainees will also understand:

  • how making changes to any one of the cashflow, debt schedule or budget, will impact the other two.

Module Timeframe

It is expected that this module will take three to five hours to complete depending on your individual pace and which topics you find challenging. There is also assignments to complete that will take approximately two hours. If you have any questions regarding the content of this module or the course, please contact your facilitator.

Module prerequisites and resources

Prior to starting this module, you must have completed the following modules and their associated Assignment questions.  You must have had your Assignment questions marked by your course facilitator (and completed any follow up actions) prior to moving onto the next module:

  • Module 1 – All About Financial Mentoring
  • Module 2 – Financial Mentoring Tools
  • Module 3 – Getting to know our clients
  • Module 4 – Strengths-based Approach
  • Module 5 – Case Study 1: Creating the Budget and Debt Schedule.
  • Module 6 – Case Study 1: Checking Entitlements and Allowances.
  • Module 7 – Case Study 2: Identifying Debt Solutions.
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FinCap offers support to all budgeting and financial capability services in New Zealand, providing them with all the resources they need to help clients safely & confidentially.