This course teaches the basics of managing money, including budgeting, tracking expenses, saving, and understanding debt. Participants will learn practical skills to make informed financial decisions and build better financial habits for long-term stability.
Course Level
Beginner Level
Mode of Delivery
Online
Target Audience
This course is designed for:
- WDP participants
- Individuals with limited financial knowledge
- People who want to improve money management skills
Course Purpose
The purpose of this course is to help participants understand how to manage money effectively, develop budgeting skills, build saving habits, and learn how to manage debt and financial responsibilities.
Learning Outcomes
By the end of this course, participants will be able to:
- Understand the basic concept and functions of money
- Identify different types of expenses
- Create and manage a personal budget
- Apply saving strategies for financial goals
- Understand and manage debt and fines
Duration 4 hours
Course Instructor
Module 1 – Understanding Money and Expenses
What is Money? (Functions of Money)
Money Mindset and Spending Behaviour
Types of Expenses (Fixed, Variable, Periodic, Discretionary)
Activity – 30 Day Money Audit
Quiz – Understanding Money and Expenses
Module 2 – Budgeting Basics
What is a Budget?
Core Principles of Budgeting
Budgeting Methods (50/30/20 Rule, Zero-Based Budget, Envelope System)
Activity – Build Your First Budget
Quiz – Budgeting Basics
Module 3 – Saving Strategies
Why Saving is Important
Emergency Funds and Savings Hierarchy
Practical Saving Strategies
Activity – Create Your Savings Plan
Quiz – Saving Strategies
Module 4 – Managing Debt and Fines
Understanding Good Debt vs Bad Debt
Debt Repayment Strategies (Snowball vs Avalanche)
Managing Fines and Financial Penalties
Activity – Build Your Debt Elimination Plan
Quiz – Managing Debt and Fines
The Break Short Courses
$40.00
1 month of access