Course Description

Synopsis:

This Money Management & Family series consists of the 4 main topics below:

1. Financial Planning Begins Now

Learn how to build a robust financial plan to attain your financial goals using savings, insurance and investments. Assess your state of financial health through analysis of your net cashflow, net worth and with key financial ratios. This topic is suitable for those who want to have an overview of the financial planning process and wish to learn how to assess their financial fitness with the following steps.

•    Setting S.M.A.R.T. Financial Goals
•    Assess Your Financial Health
•    Implement Your Financial Plan
•    Monitor & Review Your Financial Plan

2. Understanding Loans and Credit

This topic consists of 4 parts:

• Part 1 provides an overview of different types of loans, how they are typically categorised, features, understanding interest rates and associated costs.
• Part 2 focuses on how credit products like credit cards, instalment plans and “buy-now-pay-later" (BNPL) schemes work and their implications for consumers who use them.
• Part 3 focuses on showing you how to assess how much debt you can afford to take on.
• Part 4 focuses on what you can do should and where you can turn to should you have debt problems.

It is suitable for those who want to learn about the cost of borrowing, how to reduce debt, how to assess the amount of debt they can afford and the consequences of borrowing too much.

3. Financial Planning for Couples

This topic consists of 3 parts:

• Part 1 focuses on how to draw up a financial plan together as a couple.
• Part 2 focuses on how to plan for their new home.
• Part 3 focuses on planning ahead which includes ways to grow your CPF savings, making CPF nominations and preparing a Lasting Power of Attorney

These videos are suitable for those who are planning to get married or are already married and wish to better plan their finances together. The content also includes material suitable for Muslim couples.

4. Money Sense for Your Child

This topic aims to inform participants of why it is important to inculcate good financial habits in their children and why this should be done when they are young rather than leaving it till later. It covers practical ideas of how to inculcate the value of money in young children, the benefits of delayed gratification and value of savings through teaching and modelling healthy financial habits such as budgeting, savings before spending and sharing. 

This content is suitable for parents of preschoolers aged 3 to 6, primary school goers aged 7 to 12 and secondary school children aged 13 to 16.

Intended For:

• Audit Professionals/ PAIP
• Finance Professionals  / PAIB 
• Public Sector Finance
• C-suite & Directors
• Business Owners 

Competency Mapping: 

• CPE Category "Others" = 1.0 CPE Hour