You have now completed Session Two of the Programme. Congratulations!

In this session you have covered the following areas:

1. Working out your income
2. Working out your outgoings
3. Working out the money left over
4. Listing your creditors
5. Prioritising your debts
6. Allocating your available income
7. Updating your Financial Statement

As a result of your learning, your outcomes from the session are that you have:

Produced a Financial Statement which accurately reflects your financial position. Including the following:

• Your income
• Your outgoings
• A list of all your creditors
• Your monthly disposable income

Produced a Spending Tracker using the template provided which you are using to monitor your spending and ensure you keep to your budget.

Improved your abilities You can now:

• Identify your priority and secondary creditors
• Calculate pro rata payments for all your secondary creditors

My Personal Key Learning Points

Think about what you have learned from this session and make a note of the main points in the key learning box below. This will help to ensure your learning is kept fresh in your mind.

These points will be stored in your Personal Development Record, to enable you to keep track of the progress you are making throughout the programme. You can view your Personal Development Record in the ToolBox at anytime.

Next Steps

In the next session you will be looking at the negotiation process -building up your knowledge of the process which will in turn improve your confidence when you are negotiating with your creditors.