Managing Personal Finances
Introduction:
- Course Objectives
Module 1:
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The Benefits of Budgeting
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Getting Rid of Debt
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Generating Savings
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Reducing Stress and Anxiety
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Lessening Family Conflicts
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Knowledge Check
Module 2:
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What to Consider Before Creating a Budget
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Understand Your Income
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Determine a Budget Duration
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Determine Expenses
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Track What’s Being Spent
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Knowledge Check
Module 3:
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Types of Fixed Personal Expenses
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Utility Bills
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Housing Bills
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Transportation
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Debt Payments
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Knowledge Check
Module 4:
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Types of Fluctuating Personal Expenses
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Personal Care
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Non-Fixed Transportation Costs
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Entertainment
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Eating Out
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Knowledge Check
Module 5:
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Establish Your Goals
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Short Term vs. Long Term
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Be Realistic
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Get Rid of Debt
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Save for the Future
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Knowledge Check
Module 6:
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Determine Where Cuts Can Be Made
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Cut Bad Habits
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Decrease Transportation Costs
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Reduce Utility Bills
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Decrease Entertainment Expenses
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Knowledge Check
Module 7:
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Tools
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Software
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Phone Applications
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The Envelope System
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Expenditure Notebook
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Knowledge Check
Module 8:
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Stick With Your Budget
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Use Cash for Weekly Allowance
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Accountability to Family or Friends
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Set Up a Different Account for Savings
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Remind Self of Benefit to Sticking With Budget
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Knowledge Check
Module 9:
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Additional Ways to Make Money
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Make and Sell Items
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Sell Unused Items
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Small Part-Time Job
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Recycle for Money
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Knowledge Check
Module 10:
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Paying Off Debt
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Get Three Credit Reports
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Start With Small Stuff and Work Your Way Up
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Credit Card Hacks
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Investigate Student Loan Repayment or Consolidation Options
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Knowledge Check
- Post Test