1. $ tartNow A 10 hour Financial Literacy Programme for young people on the Youth Payment and Young Parent Payment Scheme Delivered by New Zealand Federation of Family Budgeting Services

2. Objectives Check the budget you have put together Create a spending plan for the next three weeks Know what it costs to live Be aware of the costs of your choices for living

3. Balancing the Budget More income Less spending

4. Balancing the Budget Increase Income  Part-time work Hours of study (homework)  Hobbies to small business Craft markets Art galleries  Excess garden produce markets students Decrease Outgoings  Food: Grow own Specials Supermarket vs. corner store  Rent: Cheaper suburb Board vs. rent vs. flatmates  Power: www.powerswitch.co.nz  Teleco: www.telme.co.nz

5. Time Planning

6. Sticking to the Spending Plan Using the notebook you can create a weekly spending plan and make things easier to keep to the plan. Note down the available funds Make a list of all the things that need to be paid for this week Does this exceed the available funds? If so reorganise, can something wait until next week? Is there money left over? What are you going to do with it? Spend it, save it or use it for one of your goals.

7. Sticking to the Spending Plan

8. Things That We Need To Pay For Food Rent/Board Power Clothes Transport Savings

9. Where are You Going To Live Flatting Bed, drawers, desk, chairs Rent plus share of utilities and food Rent includes utilities but not food Close to work but higher rent Further away – lower rent, higher transport costs Bond Payment Getting on with flatmates

10. Where are You Going To Live Boarding Are meals included? Limited activities at home Could be cheaper option to start out Ability to save for bond, vehicle, savings etc

11. Where are You Going To Live Renting Bond, letting fee, references (hard starting out) Are parents prepared to assist? Signing up for power, phone etc Bonds for power etc Bed, fridge, washing machine, lounge and dining suites Renters insurance

12. What Skills Do You Need? Reading and writing (literacy) – Can you read and write enough to know what you are signing when you sign a lease or tenancy agreement NEVER be afraid to ask for help – Can you read a grocery list and prices

13. What Skills Do You Need? Cooking – Can you cook cheap nutritious meals? – Where do you get cooking lessons? Cleaning – Do you know how to keep the house clean and safe and healthy?

14. What Skills Do You Need? Ironing/Mending – If you need to, can you iron a shirt? – Can you sew a button back on?

15. What Skills Do You Need? Relationships – Can you live with other people who may be different to you and have different habits, cultures, friends Can you live with your girlfriend/boyfriend safely?

16. What Skills Do You Need? Financial literacy – Do you have control of your money – By being here you are on track to improve that….

17. Homework Exercise #3 Banks Over the next week you are to go and visit as many banks as you can and ask them the following questions: – What accounts do you offer under 18yr olds? – What fees are there on those accounts? – What would be the best account for me in my position? – What help can you give me to save money on my limited budget? You will be asked to tell the group what you have found.