Managing Personal Finances
For many people, finances are an unsolvable Rubik’s cube filled with anxiety. There are millions of Americans who live with the shackles of debt each day. We don’t teach children when they are young, the value of a good credit score. Many people have a hard time formatting and sticking to a budget. You can easily solve the finance puzzle with a little hard work, self-control, and the right tools. Today is a new day; you are taking the first steps to reclaiming your financial freedom.
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
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