As this Dikkop fiercely nurtures and protects its young, so too should we nurture and protect our personal finances.
Personal finance is a term that covers managing your money as well as saving and investing. It encompasses budgeting, banking, insurance, bonds, investments, retirement planning, and tax and estate planning.
Personal finance is about meeting personal financial goals, whether it’s having enough for short-term financial needs, planning for retirement, or saving for your child’s college education. It all depends on your income, expenses, living requirements, and individual goals and desires—and coming up with a plan to fulfill those needs within your financial constraints.
Session One: Course Overview
Session Two: How to Calculate your Net Worth
- What is net worth?
- How do you calculate net worth?
- Calculating your net worth
- Increasing your net worth
Session Three: Setting Financial Goals
- What are financial goals?
- 3 Types of financial goals
- Examples of financial goals
- Making financial goals SMART
Session Four: Personal Budgeting
- Types of Expenses
- Bottom line, needs and wants
- Steps for creating a budget
Session Five: Paying Off Debt Faster
- Listing your debts
- Choosing the payment method
Session Six: Minimising your Expenses
Session Seven: Saving More Money
Session Eight: Five Must-Have Insurance Policies
Final Quiz