ERIC Number: ED159325
Record Type: RIE
Publication Date: 1977
Reference Count: 0
A Financial Counseling Manual.
Simmons, Helen M.
Designed to assist professionals who are confronted with clients in need of financial guidance, this financial counseling manual is presented in seven chapters. Chapter 1 focuses on the helping relationship and discusses counselor attitudes, client characteristics, making contacts, and interviewing. Chapter 2 explains the causes of over-extension of credit, including temporary unemployment, permanent loss of income, lack of planning, and other possible causes. Financial counseling techniques are presented in chapter 3, including structuring the interview; asking appropriate questions; systematic inquiry; active listening and effective use of silence; reflection; conceptualizing client concerns; establishing realistic and achievable goals; designing effective procedures; values and behavior change; termination, evaluation, and follow-up; and review questions and feedback. Chapter 4 describes two major stages in decision making: anticipation and implementation. Chapter 5 outlines a process for developing a budget which includes guidelines for determining values and goals and suggestions for decreasing spending. Forms for recording these expenses are also included. Chapter 6 provides directions for developing a contractual payment plan. Finally, chapter 7 describes an evaluation and follow-up plan which can be used to assess the financial counseling process. (A series of related consumer education learning modules, CE 016 111 and CE 016 086-087, are also available.) (BM)
Descriptors: Adult Counseling, Budgeting, Consumer Education, Counseling, Counseling Effectiveness, Counselor Attitudes, Counselor Role, Credit (Finance), Decision Making, Employment Problems, Expenditures, Financial Needs, Financial Problems, Financial Services, Guidelines, Interviews, Loan Repayment, Money Management, Participant Characteristics, Recordkeeping, Records (Forms)
National Foundation for Consumer Credit, 1819 H Street, N.W., Washington, D.C. ($3.50; discounts for educators and non-profit organizations)
Publication Type: Guides - General
Education Level: N/A
Sponsor: Department of Health, Education, and Welfare, Washington, DC.
Authoring Institution: Virginia Polytechnic Inst., Blacksburg. Extension Div.
Note: For related documents see CE 016 111 and CE 016 086-087; Parts may not reproduce clearly due to print quality