Smart Money Management: Building Financial Literacy and Skills
This course is a 12 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
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.
Here is an example of the topics we can cover
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.