This course is designed to teach people of all income groups the basic principles of personal budgeting and personal financial management. Apart from teaching participants how to physically set up a personal budget, tools to analyse and understand a personal budget are also presented. Personal finances and how we should think about money is discussed on an individual and family level, with a section set up specifically for married couples. The course participant will also learn to understand their own habits and spending behaviour better, and most importantly how to avoid falling into financial traps. The course aims to assist all income earners in becoming good stewards of their finances and ultimately lead to a healthy financial climate in the country.
Duration of the course: 4½ weeks
WHAT THIS COURSE IS ABOUT:
Are you truly in control of your finances? This course is designed to teach individuals and families from all income groups about the basic principles of budgeting and personal financial management. Apart from teaching the course participants how to physically set up a budget, tools to analyse and understand a budget are also presented. Personal finances and how we should think about money is discussed on an individual and family level, with a section set up specifically for married couples.
Does it sometimes feel like your wallet or bank-accounts are on autopilot? Do you sometimes wonder why you bought a specific item? Are you uncertain about how much you spend on groceries every month? Are you in conflict with other people because of money? Or does your monthly income just not feel enough?
You will find great value in this course if you answered YES to any of the aforementioned questions. Over-and-above learning how to set up a budget, participant will also learn to understand their own financial habits and spending behaviour better. Most importantly, the course aims to help you to avoid falling into financial traps and to become a good steward of your finances.
WHO SHOULD DO THIS COURSE?
This course will benefit all those who earn an income or have a say over their household’s expenditure. People who want healthy, debt-free finances in order to build a better future for themselves will be drawn to the course. The course contains budgeting tools and financial insights that will be of great value to all levels of income-earners, and indirectly benefit all of their current dependants and those to come in the future.
The course aims to teach participants:
- What a personal budget is
- The value of personal budgeting and financial goals
- What a personal budget should look like
- How to prepare a personal budget
- How to evaluate a personal budget
- How to think about your money and manage your spending habits
- Understand general personal financial management
- Why investing should be a goal
- How to manage finances in a marriage
- To implement a turn-around strategy if someone has lost control of their finances
Tier/Level 1 = Understanding basic concepts of personal budgeting, setting up a personal budget, managing yourself to manage your finances, understanding financial principles of spending, debt, saving and investing, money and marriage.