Course Overview:
This course offers an introduction to the fundamental concepts of personal finance and money management. It’s designed to help individuals understand the basic principles of financial planning, budgeting, saving, investing, and protecting their wealth. Through practical examples and real-world scenarios, the course aims to empower participants to make informed financial decisions.
Course Structure:
Introduction to The Basics of Personal Finance
Module 1: Introduction to Personal Finance
Module 2: Budgeting and Expense Tracking
- The Basics of Budgeting
- Tracking Expenses and Identifying Spending Habits
- Tools for Effective Budgeting
Module 3: Saving and Building Emergency Funds
Module 4: Introduction to Credit and Debt
- Investing vs. Saving
- Understanding Risk and Return
- Introduction to Stocks, Bonds, and Mutual Funds
- Basics of Cryptocurrencies
- Understanding Retirement Savings Accounts (401k, IRA)
- Importance of Early Retirement Planning
- Strategies for Effective Retirement Savings
Module 7: Insurance and Risk Management
- Understanding Insurance
- Different Types of Insurance (Health, Life, Auto, Home)
- Protecting Your Assets with Insurance
Module 8: Tax Planning and Management
- Introduction to Estate Planning
- Wills, Trusts, and Powers of Attorney
- Importance of Early Estate Planning
Module 10: Building a Comprehensive Financial Plan
- Recap of Course Concepts
- Building a Personalized Financial Plan
- Reviewing and Adjusting Your Financial Plan Over Time
- Glossary of Common Financial Terms