Personal Money Management and Financial Planning

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Personal Money Management and Financial Planning

Overview

Course Date:
01 Apr 2016 to 01 Apr 2017
Registration Period:
31 Mar 2016 to 01 Apr 2017
Duration/Frequency:
TBA
Mode of Training:
Classroom
Venue:
-
Funding:
-

Course Objective

This course aims to develop good personal money management skills and to avoid the debt trap.

By the end of the course, participants will be able to:

Learn how to set S.M.A.R.T. financial goals and work out how to reach each goal.
Learn how to develop a budget to track your spending and build savings.
Understand how compounding can impact the growth of your savings.
Learn how to build a plan to meet your financial needs and goals.
Assess your financial situation using financial calculators and ratios.
Manage your resources and implement your financial plan to reach your financial goals.
Learn how to assess if you are borrowing too much and saving too little.
Find out about the common types of loans and the associated costs.
Learn to manage your borrowings and to resolve debt issues.

Course Outline

This course is made up of four parts:
1. Making Sense Of Your Money – What are financial goals? Setting of financial goals. Preparing a Budget. Assessing your expenses. Typical spending patterns. Effects of compounding interest. How to stretch your dollar and spend wisely.

2. Financial Planning Begins Now – Setting financial goals. Assessing your financial situation. Discovering your financial fitness. What are your financial plans? Considerations when implementing your financial plan. Engaging a financial adviser. Monitoring and reviewing your financial plan.

3. Understanding Loans – What are the various types of loans? Comparison of the types of loan, their purpose, features and cost of borrowing.

4. Managing Debt - How much debt can you afford? How can we avoid debt? Options you can take when you are in debt. Common debt collection process. Bankruptcy as the last resort.

Minimum Requirements

Nil

Certification / Accreditation

• Certificate of Attendance (electronic Certificate will be issued)
A Certificate of Attendance will be awarded to participants who meet at least 75% attendance rate

• Certificate of Completion (electronic Certificate will be issued)
A Certificate of Completion will be awarded to participants who pass the assessment and meet at least 75% attendance rate