Summary
This Financial Literacy course is designed to equip employees with the knowledge and practical skills needed to manage their personal finances effectively. Participants will learn foundational principles in budgeting, saving, investing, and understanding economic tools that impact everyday financial decisions. The course empowers employees to make informed choices that promote financial well-being and long-term security.
Course Objective
To provide employees with practical financial skills and an understanding of economic concepts, enabling them to manage personal finances, grow wealth, and make sound financial decisions for a more secure financial future.
Key Topics
- Building a Budget
- Setting financial goals
- Income tracking and expense management
- Understanding fixed and variable expenses
- Saving Strategies
- Developing a savings plan
- Emergency funds and their importance
- Short- and long-term savings goals
- Introduction to Investing
- Basics of investments (stocks, bonds, mutual funds)
- Understanding risk vs. reward
- Building a diversified portfolio
- Economic Tools That Impact Personal Finances
- Interest rates: how they affect loans, savings, and investments
- Inflation: understanding its impact on purchasing power
- Taxes and credits: basics of income taxes, deductions, and credits
- Debt Management
- Differentiating good and bad debt
- Strategies for paying down debt
- Responsible use of credit
