The strategy focuses on empowering disadvantaged individuals to enhance their financial skills through budgeting and bill management techniques. It begins with a series of budgeting workshops, partnering with local community centers. These workshops are tailored to meet varying needs and schedules, offering both in-person and online options. Participants engage in practical exercises and benefit from case studies and expert guest speakers.
Moreover, personalized budgeting templates are provided. These templates cater to different income levels and offer sections for tracking and long-term planning. One-on-one sessions are available to aid in template completion, supplemented by online tutorials and continuous support channels.
Additionally, the strategy establishes a network of financial mentors to provide personalized guidance. Volunteer experts are paired with participants to set financial goals and expectations. Regular check-ins and resource sharing ensure ongoing support, enhanced by monthly mentor meetups for best practice exchanges.
The strategies
⛳️ Strategy 1: Start with a budgeting workshop
- Identify and partner with local community centres to host workshops
- Develop workshop content tailored to the audience's needs
- Schedule multiple sessions to accommodate various availabilities
- Offer both in-person and virtual attendance options
- Include practical exercises on creating a personal budget
- Provide printed and digital resources for further learning
- Organise a feedback session after each workshop to improve future sessions
- Invite a guest speaker with experience in financial management
- Use case studies that resonate with the audience
- Set up a follow-up system to track participants' progress
⛳️ Strategy 2: Create personalised budgeting templates
- Develop a simple, easy-to-use budgeting template
- Customise the template for different income levels and expenses
- Distribute templates via email, workshops, and community centres
- Offer one-on-one sessions to help individuals fill out the template
- Include guidance notes within the template for each section
- Regularly update the template based on user feedback
- Include sections for monthly tracking and long-term planning
- Host online tutorials on how to use the template
- Encourage participants to share their completed budgets for feedback
- Provide ongoing support via a dedicated email or helpline
⛳️ Strategy 3: Establish a network of financial mentors
- Recruit volunteers with expertise in financial management
- Screen and train mentors to work with disadvantaged individuals
- Pair participants with suitable mentors based on their needs
- Set up an initial meeting to establish goals and expectations
- Encourage regular check-ins between mentors and mentees
- Provide mentors with resources to guide their sessions
- Organise monthly interactive mentor meetups for sharing best practices
- Create a tracking system to monitor the progress of each pairing
- Recognise and reward mentor contributions to motivate continued support
- Develop a platform for mentees to anonymously provide mentor feedback
Bringing accountability to your strategy
It's one thing to have a plan, it's another to stick to it. We hope that the examples above will help you get started with your own strategy, but we also know that it's easy to get lost in the day-to-day effort.
That's why we built Tability: to help you track your progress, keep your team aligned, and make sure you're always moving in the right direction.
Give it a try and see how it can help you bring accountability to your strategy.
