Module 1 : Good Money Habits Personal Budget Management
Making a budget is essentially just a detailed plan to help you decide how to make the best use of your money. Do it well, and you’ll likely have more freedom to spend than before. It’ll keep your account balance in credit, too. This course is designed to help everyone take control of their finances.
Topic's covered :
How to create and implement a budget plan
How to identify issues that might cause an irregular budget and how to cope with such a situation
Helpful budgeting tools and the benefits of each
Module 2 : Setting Financial Goals
Remember delivering newspapers in order to give your allowance a boost? It doesn’t matter whether you’re a kid saving up for a computer game, or an adult putting money aside for a new car, you’re always aiming for something.
Topic's covered :
The importance of setting financial goals
How to set SMART objectives to achieve your goals
How to design and implement a plan to set financial goals of your own
Module 3 : Tackling Debt
Taking on debt can help companies grow, just like it can help people purchase homes and other things they might not be able to afford outright. The problem is, if you don’t organize your finances to manage your debts, you can fall into what’s called a ‘debt spiral’. This course is designed to guide everyone on how to tackle excess debt.
Topic's covered :
How debt works
How to distinguish between good and bad debt
The difference between the avalanche and snowball methods of paying off debt
How to form a plan to get out of debt
Module 4 : Learning to Save
The problem is, not all of us are actually saving money. And without savings, it’s a lot harder to make plans for the future. Whether you’re thinking about your retirement or the vacation you want to take next year, you need to be thinking about putting some money away. This course will give everyone the tips they need.
Topic's covered :
The importance of saving
How to outline a set of steps towards saving money
How a specific savings plan can help you achieve your objective
Module 5 : The Importance of Pensions
State pensions can be a key source of retirement income in many economies, but while they may provide a foundation, they may not be enough to live on. Many people have pensions through their employer, but these schemes are less common than they used to be and also might not prove sufficient. The bottom line is that it’s up to you to make sure your future is taken care of.
Topic's covered :
The differences between state, occupational, and personal pensions
The importance of understanding and managing pensions
How to develop a plan to build your own pension fund
