Description
There are millions of American citizens struggling with debt. A lot of debt can be alleviated if you have the right tools. This workshop will provide you with the tools you need to reduce or eliminate debt, and give you the financial stability you need. The guide teaches you the benefits of having a budget and how to build a budget that fits your needs, and lifestyle. You will discover how you can cut costs, pay off debts, and live within your budget.
Designed for:
Anyone wanting to learn how to manage personal finances and the aspects of money management.
Those who wish to establish financial goals, and make key financial decisions.
Learning Objectives
By the end of this workshop, you should be able to:
Discover how to establish financial goals.
Evaluate where financial cuts can be made.
Learn the basics about expenses.
Determine what tools you need to stick with your budget.
Getting Started
Just to make sure the experience is as smooth as possible we’d like to suggest a couple of things you may or will need to get on with the course:
While we are happy for anyone to enrol in the course, we suggest that you should be at least managing/leading a team (big or small) or preparing for a role that requires your leadership skills
Internet connection is a big must
Readiness to learn, remember this is about you and so you need to be ready to take time to yourself and motivate yourself
Maybe something to write some notes down or ideas, but don’t worry the course documents can be downloaded at the end of the course for you to review and use at any time
Have fun!
The Course Outline
The Benefits of Budgeting
What’s in it for me: This session covers how to get rid of debt, generate savings, reduce stress and anxiety, and lessening family conflicts. A great start to understanding money problems and where to begin in resolving the issues.
Case Study: 1 Review Questions:1
What to Consider Before Creating a Budget
What’s in it for me: A key learning session on understanding your income, and how to determine a budget duration, determine expenses, and track what’s being spent in your household or business.
Case Study: 1 Review Questions:1
Types of Fixed Personal Expenses
What’s in it for me: Learn about the bills that create that financial commitment -utility bills, housing bills, transportation, and debt payments.
Case Study: 1 Review Questions:1
Types of Fluctuating Personal Expenses
What’s in it for me: Learn about your finances when it comes to personal care, entertainment, and eating out.
Case Study: 1 Review Questions:1
Establish Your Goals
What’s in it for me: This session covers Short-term vs long-term goals, how to be realistic, and actually get rid of debt, and save for the future.
Case Study: 1 Review Questions:1
Determine Where Cuts Can Be Made
What’s in it for me: Learn how to cut bad habits, decrease transportation costs, reduce utility bills, and decrease entertainment expenses.
Case Study: 1 Review Questions:1
Tools to help you
What’s in it for me: This session will look into tools to help you manage your expenses – Software tools, phone applications, the envelope system, and expenditure notebook.
Case Study: 1 Review Questions:1
Stick With Your Budget
What’s in it for me: learn how to use cash for a weekly allowance, create accountability to family or friends, set up a different account for savings, and remind oneself of benefit to sticking with budget.
Case Study: 1 Review Questions:1
Additional Ways to Make Money
What’s in it for me: Understand and learn how to make and sell items, sell unused items, small part-time job, and recycle for money.
Case Study: 1 Review Questions:1
Paying Off Debt
What’s in it for me: In this session, you are on the way to get your key credit reports, start with small stuff and work your way up, look into credit card hacks, and investigate student loan repayment or consolidation options.
Case Study: 1 Review Questions:1
Closing up the Course
What’s in it for me: You’ve done it, well done! But don’t stop here. Let’s summarise all you have learnt and remember knowledge is no good kept in a cupboard. Implement what you have learnt, try the tools and see the outcome until you find a combination that works for you! Congratulations we know you got what it takes to make a great leader!
Case Study: 1 Review Questions:1
