VTEC Training
Course Code: 20358
Managing Personal Finances
VTEC Training
Portland,
ME
Class Dates:
1/1/0001
Length:
1 Days
Cost:
$245.00
Class Time:
Technology:
Business
Delivery:
Instructor-Led Training, Virtual Instructor-Led Training
Overview
- Course Overview
- In this 1 day course, you will learn:
" Understand your personal expenses
" Know the benefits of making a budget
" Set financial goals
" Develop good spending habits
" Learn how to pay off debt
" Learn how to effectively make a budget
SKILLS YOU WILL GAIN
Risk Management
Budget
Saving
Investment - Audience
- Anyone who struggles with certain aspects of their financial life could benefit from a personal finance course. You're never too young to learn the principles and applications of personal finance.
Prerequisites
- Basic math
Course Details
- Module One: Getting Started
- Workshop Objectives
- Two: The Benefits of Budgeting
- Getting Rid of Debt
- Generating Savings
- Reducing Stress and Anxiety
- Lessening Family Conflicts
- Case Study
- Module Three: What to Consider Before Creating a Budget
- Understand Your Income
- Determine a Budget Duration
- Determine Expense
- Track What's Being Spent
- Case Study
- Module Four: Types of Fixed Personal Expenses
- Utility Bills
- Housing Bills
- Transportation
- Debt Payment
- Case Study
- Module Five: Types of Fluctuating Personal Expenses
- Personal Care
- Entertainment
- Eating Out
- Case Study
- Module Six: Establish Your Goals
- Short Term vs Long Term
- Be Realistic
- Actually Get Rid of Deb
- Save for the Future
- Case Study
- Module Seven: Determine Where Cuts Can Be Made
- Cut Bad Habits
- Decrease Transportation Costs
- Reduce Utility Bills
- Decrease Entertainment Expenses
- Case Study
- Module Eight: Tools
- Software
- Phone Applications
- The Envelope System
- Expenditure Notebook
- Case Study
- Module Nine: 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 Ten: Additional Ways to Make Money
- Make and Sell Items
- Sell Unused Items
- Small Part-Time Job
- Recycle for Money
- Recycle for Money 80
- Module Ten: Review Questions 82
- Get Three Credit Reports
- Start with Small Stuff and Work Your Way Up 86
- How to read a Credit Report and Scoring
- Investigate Student Loan Repayment or Consolidation Options
- Case Study
- Module Twelve: Wrapping Up
- Lessons Learned
- Completion of Action Plans and Evaluations