![]() For example, a follower who is new to a task will require more direction and coaching, while a more experienced follower may require less guidance and more delegation. Use one of the following budget worksheets to track the money that comes in and out of your pocket. The style chosen by the leader will depend on the development level of the follower. Free Budget Worksheets for Kids, Teens and Adults Budget Worksheets Home Budget Worksheets Create a budget with our worksheets Documenting your income and expenses is one of the most important steps toward managing your money. The four leadership styles identified by Hersey and Blanchard are directing, coaching, supporting, and delegating. ![]() Leadership style refers to the behavior of the leader, while development level refers to the competence and commitment of the follower. What is Money Manager Ex Money Manager Ex (hereinafter referred to as MMEX) is a free and open-source software designed for managing finances. The Situational Leadership® Model is based on two key concepts: leadership style and development level. According to this theory, effective leaders are those who can recognize the needs and abilities of their followers and adjust their leadership style accordingly. Be sure to download and print out the Money Tracker for Kids PDF below. Situational leadership® is a leadership theory developed by Paul Hersey and Ken Blanchard that emphasizes the importance of adapting leadership styles to suit the situation at hand. ![]() Do you adapt your leadership style to the situation? ![]()
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