About Course

Personal Finance & Development Training

About the Program

Financial fitness becomes a reality if you are willing to pursue it and embrace it. The Personal Finance Management program is designed to equip the delegates with the knowledge, understanding and comprehension of financial stability and viability. By keeping on top of your personal finance management, you can avoid falling into the easy debt trap that is so rampant in our society and causes huge stress amongst your workforces. It teaches us about money and money is the ability to make choices and gain power. Learning about personal finance will give you freedom in your life and the ability to accomplish your dreams.

By the end of this training, the participants will be able to understand about:

1. Why it is important to manage your finances?
2. What is debt and how you can manage it better?
3. What is debt counselling and how you can apply for it?
4. How can you learn to budget better?
5. What is interest?
6. How to apply for a home loan or vehicle financing?
7. What is a garnishee order?
8. How to create a personal finance plan?

Target Audience

• Professionals working in financial planning and analysis (FP&A), accounting, treasury, financial reporting, corporate development, etc.
• Audit and Compliance officers.
• Any other personnel who can contribute to overall improvement in the budgetary controls of the organizations.

Training Period

• Classroom: 5 Days
• Online: 7 Days

Modules

Module 1: Wealth Creation vs Lifestyle

• Understanding what Wealth Creation is.
• The “Lifestyle” Challenge.
• The “Image” Trap and dealing with peer pressure.
• Understanding “what is” and “what is not” your employers’ responsibility when
  it comes to money.

Module 2: Where Money Goes and Creation of a Spending Plan

• Understanding and managing your expenses.
• How to categorize expenses and the real opportunity cost of luxuries.
• Creation of a budget/spending plan.
• Planning for irregular expenses e.g. school fees, insurance, etc.
• Tackling Debt.

Module 3: Tackling Debt

• Good Debt vs Bad Debt.
• The True Cost of Debt: How debt really works.
• How to pay down your debt effectively and quickly.
• Using Good Debt to grow your Wealth.

Module 4: Financial Planning Principles

• Understanding inflation’s impact on lifestyle.
• Retirement Planning and Education planning.
• What your Financial Goals cost and what to save to achieve them.

Module 5: Wealth Creation: Savings, Investments, Net worth

• Understanding the difference between Assets & Liabilities.
• Calculating your Personal Net Worth.
• The difference between Savings and Investments.
• What different investment categories work.

Delivery Method

This program is taught through a mix of practical activities, theory, group work and case studies. Training manuals and additional reference materials are provided to the participants.

CERTIFICATION

Upon successful completion of the training, participants will be awarded a certificate of course completion