Money Management
Objective.
Learn to set SMART financial goals and calculate how much you need for each goal. Learn how to develop a budget to track your spending and build savings. You will also understand how compound interest can impact your savings and borrowing, and what to look out for when buying on instalment.
Course Outline
- Definition of financial goals
- Setting financial goals
- Preparing a budget
- Assessing your expenses
- Effects of compounding interest
- Stretching your dollar and spending wisely
- Instalment payment plans
Who Should Attend. Those who have just started working and want to learn how to set financial goals as well as how to manage their money better and save more.
Duration. 3 Hours
Objective.
Learn how to build a financial plan using savings, insurance and investments to achieve your goals. Assess your financial position through analysis of your cash flow, net worth and financial ratios.
Course Outline
- Setting SMART financial goals
- Components of financial plans
- Assessing your financial fitness
- Considerations when implementing your financial plan
- Monitoring and reviewing your financial plan
Who Should Attend. Those who want to have an overview of the financial planning process and wish to learn how to assess their financial fitness. Also for those who are worried about their independent retirement planning, and those 40+ years old.
Duration. 3 Hours
Objective.
This module aims to teach participants how to measure their financial fitness, draw up a budget, manage their healthcare costs, and plan early for their retirement.
Course Outline
- Measuring your financial fitness
- Budgeting
- Managing healthcare costs
- Income supplement schemes
- Planning early for retirement
Who Should Attend. Those who are self-employed and wish to learn the essentials of managing their finances, the benefits of pension contributions, and the need to plan early for retirement.
Duration. 3 Hours
Objective.
This workshop is conducted especially for low-wage workers. Participants are taught how to track their spending and to stretch their dollar. They will also learn the importance of savings and budgeting, and the basic pension schemes available.
Course Outline
- Importance of savings
- Budgeting
- Tracking your spending
- Stretching your dollar
- Basic pension schemes
Who Should Attend. Individuals and families who wish to be equipped with the basics of money management.
Duration. 3 Hours