Personal Money Management and Financial Planning

Course Date:
Ongoing

Duration:
The access period for the course is 3 months, starting from the date of registration.

Participant will receive an email notification on the next working day upon successful payment.

 

Mode of Training:
e-Learning

Course Objectives
This course aims to develop good personal money management skills and to avoid the debt trap.

By the end of the course, learners will be able to:

  • Learn how to set S.M.A.R.T. financial goals and work out how to reach each goal.
  • Learn how to develop a budget to track your spending and build savings.
  • Understand how compounding can impact the growth of your savings.
  • Learn how to build a plan to meet your financial needs and goals.
  • Assess your financial situation using financial calculators and ratios.
  • Manage your resources and implement your financial plan to reach your financial goals.
  • Learn how to assess if you are borrowing too much and saving too little.
  • Find out about the common types of loans and the associated costs.
  • Learn to manage your borrowings and to resolve debt issues.

Course Outline
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.


Suitable For
Anyone who wants to learn useful skills related to Money Management & Financial Planning


Minimum Entry Requirements
No minimum entry requirement planning


Award / Certification / Accreditation

• Certificate of Attendance
A Certificate of Attendance will be awarded to participants who have completed the course

 

Course Fee
S$20.00 + S$1.40 (GST) = S$21.40 (inclusive GST)

Singaporeans aged 25 years and above may use **SkillsFuture Credit balance to offset respective course fees.

Application Procedure

1. All applications must be made via Online Registration at www.pace.sp.edu.sg
Course fees can be paid by the following payment modes:

a) Credit Cards, Internet Banking, NETS (Not Applicable for company sponsored)
For e-payment using Visa/Master cards and Internet Banking, please click on the ‘Make e-Payment’ button on the acknowledgement page to proceed.

b) For NETS payment, you can pay at:
Singapore Polytechnic
PACE Academy

c) For payment via PayNow, please enter the UEN No. T08GB0056ACET and indicate the invoice/registration number. 

*With effect from 1 August 2021, cheque payment will not be available.

2. All successful applicants will be notified with a letter of confirmation via email.