Overview
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Duration/Frequency:
2 Hours
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Course Objective
This course aims to develop good personal money management skills and to avoid the debt trap.
More Information
This course is made up of four parts:
1. Making Sense Of Your Money – What are financial goals? Setting of financial goals. Preparing a Budget. Assessing your expenses. Typical spending patterns. Effects of compounding interest. How to stretch your dollar and spend wisely.
2. Financial Planning Begins Now – Setting financial goals. Assessing your financial situation. Discovering your financial fitness. What are your financial plans? Considerations when implementing your financial plan. Engaging a financial adviser. Monitoring and reviewing your financial plan.
3. Understanding Loans – What are the various types of loans? Comparison of the types of loan, their purpose, features and cost of borrowing.
4. Managing Debt - How much debt can you afford? How can we avoid debt? Options you can take when you are in debt. Common debt collection process. Bankruptcy as the last resort.
