Family, Home and Youth
Objective.
This module addresses the following questions: Why do people want to buy a home? What are their housing options? And how should they go about it?
Course Outline
- Objectives of buying a property
- Understanding the various costs in buying a home
- Assessing your resources and calculating how much you can afford
- Deciding on an appropriate property
Who Should Attend. Those who are planning to buy a home and wish to understand the costs and options.
Duration. 3 Hours
Objective.
Learn how to plan your finances when starting a family, managing expenses and taking care of medical needs.
Course Outline
- Planning your finances when having children
- Reviewing your insurance
- Time management
- Home finance and budgeting
- Common pitfalls for small families
- Understanding where you are, where you are going, and how and when
Who Should Attend. Those who are planning to get married or start a family and want to learn about managing the costs involved.
Duration. 3 Hours
Objective.
Learn useful money management skills and concepts. Learn how to use basic financial products and services to help you manage your money.
Course Outline
- Definition and setting of financial goals
- Preparing a budget
- Assessing your expenses
- Effects of compounding interest
- How credit card interest is calculated
- Scams
- Pension and savings accounts
Who Should Attend. Youth between 16 and mid-20s who are about to enter the workforce or have been working for a few years and want to learn how to manage their finances and save to achieve their financial goals.
Duration. 3 Hours
Objective.
This module aims to teach participants the importance of inculcating good financial habits from young. It covers ways that can help to give children money sense, such as teaching and modelling healthy financial habits and budgeting.
Course Outline
- Teach and model healthy financial habits
- Teach your children how to budget and save
- Differentiating between needs and wants
- Being a smart consumer
- Understanding payment methods
Who Should Attend. Suitable for parents of pre-schoolers aged 3 to 6, primary school goers aged 7 to 12, and secondary school children aged 13 to 16.
Duration. 3 Hours
Objective.
Learn how to draw up a financial plan as a couple and take steps to ensure your family is in good financial health by saving, having sufficient insurance and investing. You will also be taught how to budget for your new home and to plan ahead by making a Lasting Power of Attorney (LPA) and pension nomination.
Course Outline
- Drawing up a financial plan together
- Setting SMART goals
- Assessing your financial fitness
- Implementing your plan
- Monitoring and reviewing your plan
- Planning for your new home
- Budgeting and costs of ownership
- Ways to grow your pension savings
- Pension top-up considerations
- Planning ahead — Lasting Power of Attorney (LPA) and pension nomination
Who Should Attend. Suitable for those who are married or planning to get married and wish to plan their finances together.
Duration. 2 Hours
Objective.
Learn how to assess the amount needed for families with special-needs members. If there is a shortfall after taking into account current resources, participants are taught how to close the gap. They also learn the basics of estate planning.
Course Outline
- Assessing how much is needed
- Estimating available resources
- Meeting the shortfall
- Estate planning
- Lasting Power of Attorney
Who Should Attend. Suitable for families and caregivers with special-needs family members.
Duration. 3 Hours