Smart Money Management: Building Financial Literacy and Skills

This course is a 6  week course,  delivered in the home to students who are unable to attend on site provision. 

This course can be accredited by the NCFE at Level 1 or Level 2 

Week 1: Introduction to Financial Literacy

  • Topics Covered:

    • Defining financial literacy and its importance in everyday life.

    • Understanding key financial concepts: income, expenses, savings, and investments.

Week 2: Budgeting Basics

  • Topics Covered:

    • Importance of budgeting: tracking income and expenses.

    • Steps for creating a personal budget: fixed vs. variable expenses.

Week 3: Saving Strategies

  • Topics Covered:

    • Importance of saving and different types of savings accounts.

    • Strategies for building an emergency fund and setting savings goals.

Week 4: Understanding Credit and Debt

  • Topics Covered:

    • What is credit? Understanding credit scores and reports.

    • The impact of debt on personal finances and strategies for managing it.

Week 5: Introduction to Investing

  • Topics Covered:

    • Basics of investing: types of investments (stocks, bonds, mutual funds) and their risks.

    • Understanding the importance of diversification and long-term planning.

Week 6: Planning for the Future

  • Topics Covered:

    • Setting financial goals: short-term, medium-term, and long-term objectives.

    • Importance of retirement planning and understanding pensions and retirement accounts.

By the end of this course, participants will have a solid understanding of money management principles and practical skills to make informed financial decisions, empowering them to achieve their financial goals.