Overview
-
-
-
Duration/Frequency:
2 Hours
-
Mode of Training:
Face-to-Face (Classroom Teaching)
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.
.tmb-w400.webp?Culture=en&sfvrsn=a38adfe2_1)
