This course has been developed to educate participants on responsible personal financial management and to counteract the effect of media advertising that encourages debt and creates unrealistic financial expectations. Participants will be empowered with the necessary knowledge that will set them firmly on the path to financial independence.
Who should attend?
Anyone who would like to improve management of their personal finances, previous financial knowledge is not required
Duration
One day or five sessions of two hours each (for in-house presentation)
Outcomes
Participants will:
Learn the basic steps on the road to financial freedom Uncover the myths about money
Identify their money personality type and make it work for them
Learn how to set financial goals and personal budgets
Understand the dangers and power of compound interest
Understand debt and practical ways to reduce and avoid debt
Understand their rights according to the National Credit Act
Learn about debt counselling
Gain insight on the rules about money
Discover how to stay on the road to financial freedom
Course content
The myths we believe about money
Understanding the basic principles
Setting some goals
Mind your business
Where are we currently?
Developing a personal / household budget
Reducing debt – the first step to financial freedom
Dealing with debt
Avoiding debt – yes it is possible
Limiting expenses
The next step
Recap of the steps to financial freedoms – Quiz
The way forward – Brainstorm session
