Session Description:
This session will cover key topics such as budgeting, saving, understanding credit, making informed spending decisions, tracking income and expenses, identifying areas for cost-saving, setting financial goals, and planning for unexpected expenses. Learners will be introduced to basic financial concepts and tools that are essential for building a solid financial foundation. The session aims to empower young individuals with the knowledge and skills to manage their finances effectively, preparing them for a future of financial stability and independence. Learners will be equipped with strategies and tools for creating a realistic and sustainable budget that aligns with their financial objectives. This session is particularly beneficial for young adults and teenagers who are beginning to navigate their financial journey and is ideal for anyone looking to gain control over their finances, whether they are managing a tight budget, planning for future expenses, or simply aiming to improve their financial literacy.
Learning Outcomes:
Outcome 1: Money Management
- A. Learn the basics of personal finance management.
- B. Develop skills in budgeting, saving, and responsible spending.
- C. Understand the importance of financial planning for future security.
Outcome 2: Balancing a Budget
- A. Develop a practical budgetingplan.
- B. Learn to track income and expenses effectively.
- C. Understand strategies for maintaining financial balance and avoiding debt.
Outcome 3: Personal Finance
- A. Gain knowledge in various aspects of financial management.
- B. Learn about saving strategies, investment options, and risk management.
- C. Develop a comprehensive personal financial plan.