BUDGETING Use Money Wisely. Training of Trainers Manual Toolkit

Transcription

1 BUDGETING Use Money Wisely Training of Trainers Manual Toolkit Financial Education for the Poor Project Washington, D.C. 2006

2

3 TABLE OF CONTENTS Budgeting: Use Money Wisely TRAINING OF TRAINERS TOOLKIT OF HANDOUTS HANDOUT NUMBER Handout 1 Handout 2 Handout 3 Handout 4 Handout 5 Handout 6 Handout 7 Handout 8 Handout 9 Handout 10 HANDOUT TITLE Budgeting Pre-Test Key Principles and Practices of Adult Learning Keys to Managing Small-Group Work Features of a Budget and Cash Flow Unexpected Events Local Modification Chart Key Principles for Giving and Receiving Feedback Workshop Assessment Questionnaire Budgeting Post-Test Budgeting Post-Test with Answers

4

5 TRAINING OF TRAINERS TOOLKIT HANDOUT 1 Budgeting Pre-Test Test # QUESTION ANSWER 1. A budget is a useful tool only for short-term financial goals. 2. One major benefit of budgeting is that it encourages disciplined savings. 3. One difference between a cash flow and a budget is (Circle the most appropriate answer) A) a cash flow provides a basis to develop a budget B) there is no difference, they provide the same information C) a budget is for short-term financial goals and a cash flow is for long-term financial goals 4. Once you develop a budget, you should never change it. 5. Personal factors that can influence your budget priorities include (Circle the most appropriate answer) A) money beliefs and personality B) level of education C) ability to make calculations 6. Investment goals are included in a budget. 7. A budget can only be developed if you know how to read and write. 8. To develop a budget you need to track (Circle the most appropriate answer) A) income B) expenses C) both of the above 9. You do not need to include an emergency fund in your budget. 10. A cash flow can show you whether your expenses are greater than your income.

6 BUDGETING: Use Money Wisely HANDOUT 2 Key Principles and Practices of Adult Learning PRINCIPLE Respect Affirmation Relevance Dialogue Engagement Immediacy DESCRIPTION Learners feel respected and feel like equals. Learners need to receive praise for even small attempts. Learners learn best by drawing on their own knowledge and experience. Learning must meet the real-life needs of the adult jobs, family, etc. Adults learn better when they can discuss information. The banking approach of making deposits in someone s head may be effective for children but is less appropriate for adults. Learning must be two-way to allow the learner to enter into a dialogue with the teacher. Learners must get involved through discussion, small groups and learning from peers. Learners must be able to apply the new learning immediately. 20/40/80 Rule Learners remember more when visuals are used to support the verbal presentation and best when they practice the new skill. We remember 20 percent of what we hear, 40 percent of what we hear and see, and 80 percent of what we hear, see and do. Thinking, Feeling, Acting Learning should involve thinking, emotions and doing. Safety Accountability Learners need to feel that their ideas and contributions will be valued that they will not be ridiculed or belittled. Teachers need to be accountable to the learners that their learning needs are met, that the exercise will be useful to them.

7 TRAINING OF TRAINERS TOOLKIT HANDOUT 3 Keys to Managing Small-Group Work Be sure to clearly define the activity and product of the small-group work. Ensure that everyone understands the group size before breaking into groups. Instructions may be given after groups have formed. Make sure that participants move physically so they can face each other and hear each other encourage quick physical movement. Use groups of different sizes pairs, groups of three and solidarity groups. Move around while discussions are occurring to assure understanding, answer questions and note key points of discussion. You may even want to encourage some groups to share specific points you think are key with the large group when the time comes. It is not always necessary to have each group present. Take a sample from among the groups. Avoid having each individual member of a group report to a large group ask groups to assign one person to report. If you find there is confusion, stop all groups and clarify the activity.

8 BUDGETING: Use Money Wisely HANDOUT 4 Features of a Budget and Cash Flow (cut in half) A plan for spending on day-to-day needs BUDGET

9 TRAINING OF TRAINERS TOOLKIT HANDOUT 4 (Continued) Features of a Budget and Cash Flow (cut in half) Tracks the flow of money during a specific period of time CASH FLOW

10 BUDGETING: Use Money Wisely HANDOUT 4 (Continued) Features of a Budget and Cash Flow (cut in half) Shows you how much money you have at the end of the period CASH FLOW

11 TRAINING OF TRAINERS TOOLKIT HANDOUT 4 (Continued) Features of a Budget and Cash Flow (cut in half) Provides the basis for setting up a budget CASH FLOW

12 BUDGETING: Use Money Wisely HANDOUT 4 (Continued) Features of a Budget and Cash Flow (cut in half) A guide to save for unexpected emergencies and opportunities BUDGET

13 TRAINING OF TRAINERS TOOLKIT HANDOUT 4 (Continued) Features of a Budget and Cash Flow (cut in half) A strategy for investing to achieve long-term financial goals BUDGET

14 BUDGETING: Use Money Wisely HANDOUT 5 Unexpected Events Illness

15 TRAINING OF TRAINERS TOOLKIT HANDOUT 5 (Continued) Unexpected Events Fire or Flooding

16 BUDGETING: Use Money Wisely HANDOUT 5 (Continued) Unexpected Events Divorce or Separation

17 TRAINING OF TRAINERS TOOLKIT HANDOUT 5 (Continued) Unexpected Events Loss of Job

18 BUDGETING: Use Money Wisely HANDOUT 5 (Continued) Unexpected Events Death of Spouse

19 TRAINING OF TRAINERS TOOLKIT HANDOUT 6 Local Modification Chart MODIFICATIONS TO LEARNING SESSION GUIDES INFORMATION/ MODIFICATION ISSUE Title of the Learning Session MODIFICATIONS/ INFORMATION NEEDED NO. OF THE LEARNING SESSION REQUIRING CHANGES Achievement-Based Objectives Time Period for the Learning Session Steps Titles and Sequencing Media and Materials Story Situation/Examples Need to be More Relevant

20 BUDGETING: Use Money Wisely HANDOUT 6 (Continued) Local Modification Chart MODIFICATIONS TO LEARNING SESSION GUIDES INFORMATION/ MODIFICATION ISSUE Worksheets MODIFICATIONS/ INFORMATION NEEDED NO. OF THE LEARNING SESSION REQUIRING CHANGES Pictures Local Problems and Solutions are Different Open Questions Need to Change Names of People in Stories/Dramas Adult Learning Methods: Small-Group Work, Games, Exercises, Etc.

21 TRAINING OF TRAINERS TOOLKIT HANDOUT 6 (Continued) Local Modification Chart MODIFICATIONS TO LEARNING SESSION GUIDES INFORMATION/ MODIFICATION ISSUE Local Terms MODIFICATIONS/ INFORMATION NEEDED NO. OF THE LEARNING SESSION REQUIRING CHANGES Currency and Amounts Used in Stories, Exercises and Examples

22 BUDGETING: Use Money Wisely HANDOUT 7 Key Principles for Giving and Receiving Feedback GIVING FEEDBACK: 1. Be specific. Come up with specific examples. 2. Suggest an alternative practice or approach. 3. Be appreciative. 4. Ask questions to understand why the person did something that you felt was inappropriate. RECEIVING FEEDBACK: 1. Listen to the entire comment/suggestion. Try not to interrupt the one who is providing the feedback. 2. Before responding, ask questions to make sure you understand clearly what the person is saying. 3. Try not to get defensive and justify your actions. 4. Be thankful for the ideas. 5. Help the one providing the suggestions to be specific (see point 1 under Giving Feedback ).

23 TRAINING OF TRAINERS TOOLKIT HANDOUT 8 Budgeting: Use Money Wisely Workshop Assessment Questionnaire NAME: DATE: INSTRUCTIONS: Please take a few moments to consider your experience during the workshop and share your comments and ideas. Your input will help shape future workshops. If you need more space, write on the reverse side of the page. 1. WHAT ACTIVITIES WERE MOST HELPFUL? WHY? 2. WHAT ACTIVITIES WERE LEAST HELPFUL? WHY? 3. WHAT COULD BE ADDED OR CHANGED TO MAKE THE TRAINING BETTER?

24 BUDGETING: Use Money Wisely HANDOUT 9 Budgeting Post-Test Test # QUESTION ANSWER 1. A budget is a useful tool only for short-term financial goals. 2. One major benefit of budgeting is that it encourages disciplined savings. 3. One difference between a cash flow and a budget is (Circle the most appropriate answer) A) a cash flow provides a basis to develop a budget B) there is no difference, they provide the same information C) a budget is for short-term financial goals and a cash flow is for long-term financial goals 4. Once you develop a budget, you should never change it. 5. Personal factors that can influence your budget priorities include (Circle the most appropriate answer) A) money beliefs and personality B) level of education C) ability to make calculations 6. Investment goals are included in a budget. 7. A budget can only be developed if you know how to read and write. 8. To develop a budget you need to track (Circle the most appropriate answer) A) income B) expenses C) both of the above 9. You do not need to include an emergency fund in your budget. 10. A cash flow can show you whether your expenses are greater than your income.

25 TRAINING OF TRAINERS TOOLKIT HANDOUT 10 Budgeting Post-Test with Answers Test # QUESTION ANSWER 1. A budget is a useful tool only for short-term financial goals. 2. One major benefit of budgeting is that it encourages disciplined savings. 3. One difference between a cash flow and a budget is (Circle the most appropriate answer) A) a cash flow provides a basis to develop a budget B) there is no difference, they provide the same information C) a budget is for short-term financial goals and a cash flow is for long-term financial goals 4. Once you develop a budget, you should never change it. 5. Personal factors that can influence your budget priorities include (Circle the most appropriate answer) 6. Investment goals are included in a budget. A) money beliefs and personality B) level of education C) ability to make calculations 7. A budget can only be developed if you know how to read and write. 8. To develop a budget you need to track (Circle the most appropriate answer) A) income B) expenses C) both of the above 9. You do not need to include an emergency fund in your budget. 10. A cash flow can show you whether your expenses are greater than your income.

26