Explain one method that you will you use to help the identify what areas they may need to cut back on their spending without you telling them what exactly they need to cut back on. Based on the outcome of the clients financial statements, describe 2 techniques that you would recommend to encourage your clients to start a spending plan.

Bill's Comment: As long as we keep making the minimum credit card payment, we will be able to reach the goal of purchasing a new home.

Mary's Comment: The neighbor next door was able to get a great deal on their home loan, we should do what they are doing.

Client Session Notes: - Felt hostility in the room between the couple. - Bill took offenses when I spoke with Mary first about her perspective of the current financial situation. - Established the client relationship. - Still unclear on how to establish an action plan for the clients to complete their goals. - Mary did not take feedback so well and needs more clarification. - Bill brought up several examples of his past on how his family managed their finances. - Couple asked me to create a sample budget for them, and they will just fill in the blanks. - They asked me to sign off on their referral form from their Advisor. In addition, they told me they would be fine and are ready to go back their Financial Advisor.