MoneyMates
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MoneyMates support groups are based around the concept of sharing and learning together as a group.
This approach works in both large and small communities, as proven with programmes such as Weight Watchers.
Facilitators encourage group members to learn from others, get control over their financial lives, and build resilience.
What happens in a MoneyMates session?
Facilitators help the group to talk openly about money and finances (not necessarily about their own debt, but about, choices, options and behaviours).
Together, over several weeks they can:
- learn more about getting control of debt, budgeting and cash flow, financial products, safer credit and growing their resources
- learn from other people who are in similar situations, share their own insights and knowledge and build support networks with people going through the same experiences
- access other information and support such as helplines and the Sorted website
- build up their networks with whānau and their community.
Use the MoneyMates guide for facilitators
Providers should use the MoneyMates guide for facilitators. It outlines the type of approach expected and provides 10 modules of resources.
There is no requirement to use all 10 modules, and material from other sources may be used if the group requires these. Clients are the experts in their own lives, and MoneyMates groups should have the flexibility to include information requested by the clients themselves.
Other guidance and resources for providers
We also have other guidelines and resources for providers to use:
- BFC guidance and resources for providers page includes all resources for: the Financial Plan of Action, MoneyMates, posters and flyers, the BFC Services Guidelines, and the Client-led Outcomes measurement.
- BFC funding model - the way we fund BFC services was developed through co-design. Read more about the funding allocation model and how we purchase and price the core components.
