Making
Sense Of Your Personal Finances
Learn
to set S.M.A.R.T. financial goals and work out how much you need for your
goals.
What you'll learn
- Understand and set financial goals
- Prepare a budget
- Save effectively
- Manage your debt
Requirements
- Internet access
- computer or smartphone
- basic knowledge of spreadsheets
- a money sensible mindset
Description
This is a short course on basic money management
which is conducted by the Institute for Financial Literacy, Singapore. We
provide free and unbiased financial education programmes to companies and
organisations.
Description of Module:
Learn to set S.M.A.R.T. financial goals and work out
how much you need for your goals. Develop a budget by tracking your spending
and savings on a regular basis. Learn how to cut down on expenses and reduce
debt.
Financial planning includes: Managing your income to
meet your current as well as future needs, such as your retirement or your
children’s education; Managing exposure to unforeseen events like pre-mature
death, illness or disability; Managing savings and investments to meet your
financial goals.
Setting up a budget is a good way to start taking
control of your financial situation because it helps you to: Live with your
financial means, and meet expenses; Track spending, in order to meet both your
long-term and short-term goals; Control your money, so that it does not end up
controlling you.
The concept of money comes with a lot of associated
feelings. Too little money can make you miserable. Too much money can also make
you miserable. Managing money means knowing how to: Make and earn money; Hang
on to it once you have it; Spend it; Invest it; Enjoy it in our golden years.
In this module, we will cover essential money
management skills such as setting financial goals, preparing a budget, Paying
Yourself First (Saving a portion of your income the moment you receive it),
assessing your expenses, stretching your dollar and debt management. We will
also cover important topics such as the Power of Compounding Interest and
Consumer Debt. Take this module as a step towards financial wellness.
Browse through the text content in the lectures and
download the supplementary materials for additional learning. This course will
take your about an hour to complete.
Who this course is for:
- Working adults
- Students
- Basically anyone who handles money
>> JOIN THIS COURSE