Objectives
- Increase participants’ knowledge and understanding of basic financial concepts such as budgeting, saving, and investing.
- Educate participants on the use of various financial tools, including budget worksheets, investment calculators, and savings plans.
- Help participants become more mindful of their spending habits and develop strategies to better manage their finances.
- Equip participants with the skills needed to make informed decisions when making changes to their existing financial portfolios or making investments in new products/assets.
- Instil in participants a sense of responsibility towards their future financial goals by emphasizing long-term planning and monitoring progress towards those goals in real-time.
Table of Contents
Module 1: Introduction to Financial Awareness
- Understand the concept of financial awareness and basic financial literacy
- Explore available resources for learning about personal finance
- Identify core financial skills and fundamentals
Module 2: Budgeting 101
- Essential budgeting tools, rules, and principles
- Learn how to track income & expenses with a budget spreadsheet
- Establish financial goals & create a monthly budget plan
Module 3: Investing Basics
- Explore different types of investments
- Understand risk/reward ratios of long-term investing strategies
- Learn tax implications when investing money
Module 4: Retirement Planning & Saving Strategies
- Calculate retirement savings needs based on life expectancy and desired lifestyle
- Compare different types of retirement accounts (401(k), IRA, etc.)
- Utilize saving strategies to reach retirement goals
Module 5: Credit & Debt Management
- Analyse your current credit score and understand its impact on borrowing power
- Review debt cycle traps and understand how to manage debt more efficiently
- Develop a debt repayment plan & discuss refinancing options as needed
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