Money Mentoring – CAP Australia (2024)

What is a Money Mentor?

Money Mentors are people from local churches across Australia who have been trained by CAP to offer general financial information. A Money Mentor will walk alongside you, supporting you to manage your financial situation. Their goal is to empower you with the skills and knowledge that will allow you to:

  • Better understand your current financial situation.
  • Manage your day-to-day expenses, including paying bills, and putting food on the table.
  • Build resilience to financial shocks, including saving money, managing credit, and getting out of debt.

Please fill out the form below if you’d like to be connected with a Money Mentor.

Please read the CAP Privacy Policy here.

Who is it for?

Money Mentoring is for everyone. You don’t need to be a Christian; anyone can access help through Money Mentoring.

How do I meet with a Money Mentor?

Money mentoring can happen in 1 on 1 catch ups, group settings, in-person or online. It depends where you are, the Money Mentor you connect with, and your preferences. You can tell us how you would like to meet when you fill in the form to connect with a Money Mentor.

How will I be contacted?

It depends on what contact preferences you’ve listed in the form you completed. Money Mentors will respect your preferences. They will also usually text before calling so you know the number.

How often will we meet?

In a 1 on 1 style meeting with your Money Mentor, you and your Money Mentor will decide how often you want to meet and for how long. If you’re attending a group workshop, there will usually be a set number of sessions you can attend.

Can I receive money through Money Mentoring?

Money Mentors do not give out money. Some churches that offer Money Mentoring may run services that offer vouchers or small gifts for people in certain circ*mstances. Speak to your Money Mentor, they will be able to connect you with a person or service who may be able to help you.

Do I need to be in financial distress to see a Money Mentor?

No. Money Mentoring is for everyone, whether you’re in financial distress or feeling comfortable in your finances. The practices a Money Mentor will go through with you can be applied to any financial situation.

Where is it?

There are Money Mentors located across Australia. If there isn’t one near you (usually within 25km), we will see if there is someone who can see you online if you’re happy to meet that way.

When will I hear from someone?

Most of the time you will hear back from someone within a couple of days of submitting the form to connect with a Money Mentor, but please allow up to a week.

Do I need to bring anything to my meeting?

Not usually, but your Money Mentor will let you know if they want you to bring anything that could be helpful.

Will my Money Mentor contact my creditors for me?

A Money Mentor will help you to contact your creditors and can refer you to a free financial counsellor when needed.

Money Mentoring – CAP Australia (2024)

FAQs

What is a cap money coach? ›

CAP Money Coaching is usually run over 3 sessions. Your coach will help you identify how you spend your money and prioritise the things that are important to you. You'll learn a simple system that has been working for attendees for over 10 years!

What is cap money? ›

The CAP Money Course is a simple, 3-session, budgeting course that gives participants the opportunity to learn skills that have a lasting impact on their finances.

What is cap Australia? ›

CAP Australia is a Christian charity that believes no Australian should live in financial distress, and so is equipping a movement of churches to walk alongside those in financial distress while confidently proclaiming Jesus.

How does money mentor work? ›

Money Mentors is a non-profit organisation providing free financial counselling, debtor's advocacy and community education programs to improve the financial literacy of individuals, families, and small business owners.

How much do money coaches charge? ›

Rates for financial coaches can vary, but hourly rates of $100 to $300 are fairly common. Annual packages with a financial coach may run into the thousands of dollars, so you'll want to have specific goals in mind when you start working with a coach so that the costs don't become a financial burden.

What is money cap? ›

an upper limit on the amount that employees in a particular company or industry can be paid: The players' union is opposed to a salary cap. (Definition of salary cap from the Cambridge Business English Dictionary © Cambridge University Press)

What is cap program in Australia? ›

The ASEAN-Australia-New Zealand Free Trade Area (AANZFTA) Consumer Affairs Program (CAP) is a consumer law focused cooperation program that supports fair and efficient markets, and in turn consumer welfare, in the AANZFTA.

What are caps in Australia? ›

CAPS Australia is a leading provider of compressed air and power generation solutions, boasting an extensive portfolio of products and brands. CAPS delivers products that are suited to Australian operating environments, serving a wide range of industries including mining and resources, agriculture and manufacturing.

Why is cap called cap slang? ›

The term "cap" refers to a lie or falsehood, while "no cap" means "no lie" or "for real." The origins of the term are uncertain, but it is believed to have originated in hip-hop culture and then spread to other aspects of African American culture before being adopted by mainstream culture.

What is money mentoring? ›

Money mentoring supports individuals and families to understand and manage their finances. It goes beyond advice-giving by enabling mentees to understand the causes of their financial problems and identify goals they want to achieve.

Are money mentors free? ›

As part of our mission, Money Mentors offers FREE appointments to put you on a realistic path to a brighter financial future. With our free Credit Counselling and Financial Assessment, you can eliminate debt and get your finances on track.

Who is the CEO of Money Mentors? ›

Calgary, Alberta – [Thursday, February 22], 2024 – Money Mentors is thrilled to announce the appointment of Stacy Yanchuk Oleksy as its new CEO.

What does a money coach do? ›

A financial coach is a type of advisor who can help you reach your financial goals by teaching you money management skills, such as how to build savings, create a financial plan or pay down debt. A financial coach can help improve your financial literacy, but they likely cannot give you investment advice.

What is a cap debt coach? ›

The purpose of the Debt Coach is to help provide good quality debt advice to people taken on by the centre as CAP clients, and to do this in such a way as it positively reflects the Christian faith and the core values of the charity.

What is the coaching salary cap? ›

NFL coaches are management, but position coaches are about as middle management as it gets. Some have agents to handle their contracts, but many negotiate on their own. And unlike player contracts, there's no salary cap on a coaching staff.

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