Managing Personal Finances

Finances shouldn’t be a source of anxiety. While many of us weren’t taught the value of credit or the art of budgeting in school, it is never too late to learn. This course provides a hands-on approach to solving the “finance puzzle.” Through a combination of hard work, self-control, and the right strategic tools, you will learn to break free from debt and build a foundation for lasting wealth. Your journey to financial freedom starts here.

INTRODUCTION

• Course Objectives

MODULE 1

• The Benefits of Budgeting
• Getting Rid of Debt
• Generating Savings
• Reducing Stress and Anxiety
• Lessening Family Conflicts
• Knowledge Check

MODULE 2

• What to Consider Before Creating a Budget
• Understand Your Income
• Determine a Budget Duration
• Determine Expenses
• Track What’s Being Spent
• Knowledge Check

MODULE 3

• Types of Fixed Personal Expenses
• Utility Bills
• Housing Bills
• Transportation
• Debt Payments
• Knowledge Check

MODULE 4

• Types of Fluctuating Personal Expenses
• Personal Care
• Non-Fixed Transportation Costs
• Entertainment
• Eating Out
• Knowledge Check

MODULE 5

• Establish Your Goals
• Short Term vs. Long Term
• Be Realistic
• Get Rid of Debt
• Save for the Future
• Knowledge Check

MODULE 6

• Determine Where Cuts Can Be Made
• Cut Bad Habits
• Decrease Transportation Costs
• Reduce Utility Bills
• Decrease Entertainment Expenses
• Knowledge Check

MODULE 7

• Tools
• Software
• Phone Applications
• The Envelope System
• Expenditure Notebook
• Knowledge Check

MODULE 8

• Stick With Your Budget
• Use Cash for Weekly Allowance
• Accountability to Family or Friends
• Set Up a Different Account for Savings
• Remind Self of Benefit to Sticking With Budget
• Knowledge Check

MODULE 9

• Additional Ways to Make Money
• Make and Sell Items
• Sell Unused Items
• Small Part-Time Job
• Recycle for Money
• Knowledge Check

MODULE 10

• Paying Off Debt
• Get Three Credit Reports
• Start With Small Stuff and Work Your Way Up
• Credit Card Hacks
• Investigate Student Loan Repayment or Consolidation Options
• Knowledge Check

ASSESSMENT

• Post Test