Managing Personal Finances

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Course Description

There are several millions of people across the world struggling with debt. A lot of debt can be alleviated if you have the right tools. This course will provide you with the tools you need to reduce or eliminate debt, and give you the financial stability you need. The guide teaches you the benefits of having a budget and how to build a budget that fits your needs, and lifestyle. You will discover how you can cut costs, pay off debts, and live within your budget.

10+

Hours

62

Lectures

$40

Price

WHAT TO EXPECT

Learning Objectives

  • Discover how to establish financial goals
  • Evaluate where financial cuts can be made
  • Learn the basics about expenses
  • Determine what tools you need to stick with your budget.

Course Outline

Module One: The Benefits of Budgeting

  • Getting Rid of Debt
  • Generating Savings
  • Reducing Stress and Anxiety
  • Lessening Family Conflicts
  • Case Study
  • Module One: Review Questions

Module Two: What to Consider Before Creating a Budget

  • Understand Your Income
  • Determine a Budget Duration
  • Determine Expenses
  • Track What's Being Spent
  • Case Study
  • Module Two: Review Questions

Module Three: Types of Fixed Personal Expenses

  • Utility Bills
  • Housing Bills
  • Transportation
  • Debt Payments
  • Case Study
  • Module Three: Review Questions

Module Four: Types of Fluctuating Personal Expenses

  • Personal Care
  • Entertainment
  • Eating Out
  • Case Study
  • Module Four: Review Questions

Module Five: Establish Your Goals

  • Short Term vs Long Term
  • Be Realistic
  • Actually Get Rid of Debt
  • Save for the Future
  • Case Study
  • Module Five: Review Questions

Module Six: Determine Where Cuts Can Be Made

  • Cut Bad Habits
  • Decrease Transportation Costs
  • Reduce Utility Bills
  • Decrease Entertainment Expenses
  • Case Study
  • Module Six: Review Questions

Module Seven: Tools

  • Software
  • Phone Applications
  • The Envelope System
  • Expenditure Notebook
  • Case Study
  • Module Seven: Review Questions

Module Eight: Stick With Your Budget

  • Use Cash for Weekly Allowance
  • Accountability to Family or Friends
  • Set Up a Different Account for Savings
  • Remind Self of Benefit to Sticking with Budget
  • Case Study
  • Module Eight: Review Questions

Module Nine: Additional Ways to Make Money

  • Make and Sell Items
  • Sell Unused Items
  • Small Part-Time Job
  • Recycle for Money
  • Case Study
  • Module Nine: Review Questions

Module Ten: Paying Off Debt

  • Get Three Credit Reports
  • Start with Small Stuff and Work Your Way Up
  • Credit Card Hacks
  • Investigate Student Loan Repayment or Consolidation Options
  • Case Study
  • Module Ten: Review Questions

Assessment