Personal Financial Management - Online

Course Purpose

Budgeting, managing expenses, understanding different types of investments, and planning for financial goals like saving for retirement or major purchases. Additionally, you’ll explore concepts related to credit, debt management, insurance, and strategies for building wealth and securing financial stability.

What you’ll learn

Managing personal finances is crucial for achieving financial security, reaching goals, making informed decisions, and fostering overall well-being. It empowers individuals to take control of their financial futures, make wise financial choices, and create a path toward long-term financial success.

Gain insights into the fundamentals of personal finance and its practical application in daily life.
Learn to distinguish between personal income and expenditure using basic financial principles.
Explore the reasons behind personal financial planning and its role in maintaining financial stability.
Understand various sources of income within a personal context.
Interpret payslips to calculate income, deductions, gross, and net pay.
Differentiate between fixed and variable expenses based on essential financial principles.
Explore the concept of distinguishing needs from wants to achieve financial stability.
Examine different methods of financing purchases, considering their advantages and disadvantages.
Develop skills to create a personal budget, assess your financial status, and manage financial stability.
Emphasise the importance of financial discipline in maintaining stability.
Discover the range of accounts and services available at banks for personal finance management.
Learn how to complete banking documents in compliance with banking requirements.
Understand the significance of maintaining records of banking transactions for effective personal finance management.
Emphasise safety precautions when conducting banking transactions and handling cash for personal financial security.
Gain knowledge about secure practices involving Personal Identification Numbers (PINs), passwords, and credit/debit cards, in line with good banking principles.