Personal Financial Management

Certification

On successfully completing this course, participants will be issued with a Certificate of Completion.

Who is this course for?

This course is for persons from 13 years old.

COURSE DESCRIPTION

This Personal Financial Management course is designed to provide the basic concepts of financial management, show you how to prepare a budget and introduce the tools to help control your spending based on that budget. It will examine debt; mortgages;  the impact of risk on decision making  and saving for more than just a rainy day.

The course provides a foundation for you to understand and effectively apply various financial tools and skills and gain confidence in your choices to achieve financial stability. It will look at ways in which the money you earn can work harder for you and give you greater security in the future.

Finally, it will assist you in the preparation of Your Personal Financial Plan.

COURSE REQUIREMENTS

There are no prerequisites to this course.

Students should have:

  • Internet connection
  • A notebook and calculator
  • Microsoft Excel
  • OR Budgeting Apps/Software

COURSE MODULE STRUCTURE

The course is presented using text, graphics, audio, video and various interactions.

Participants will be assessed on their knowledge. Quizzes are used for scored Assessment at the end of each module. Starting with Module 1, the participant must complete each unit to successfully move to the next unit and the next module.

This course is divided as follows:

Module 1

Introduction to Personal Financial Management

Module 2

Budgeting and Budget Making

Module 3

Saving

Module 4

Debt and Debt Management

Module 5

Investing and Creating Wealth

Module 6

Long term Financial Planning

Module 7

Securing your Wealth & Financial Wellbeing

LEARNING OUTCOMES

At the end of the course Participants should be able to:

  1. Create a budget and manage income and expenditure
  2. Create a statement of affairs and determine their net worth
  3. Set financial goals
  4. Understand the importance of savings
  5. Distinguish between common savings tools for short and long-term savings
  6. Understand common banking concepts
  7. Understand debt and consumer financial instruments
  8. Understand the importance of investing
  9. Make sound financial decisions
  10. Create a financial plan to meet their goals