Financial Literacy – ABCs Of Financial Planning

About Course

Financial Literacy is a basic skill and knowledge which every individual must grasp in order to navigate and thrive in an environment of volatile global markets, high inflation, and uncertain life circumstances.

Finance is also one of the causes of stress, family breakdowns, depression; and the flip side is fulfillment and joy when managed well.

This training session equips individuals with knowledge and skills that encourage wise financial choices and promotes wellbeing that leads to productivity.

- Understand the importance of Cashflow management as the heartbeat of financial planning
- Identify components of Cash Inflows and the different types of income
- Identify components of Cash Outflow and the different types of Expenses, Loans, Debts
- Apply worksheets in planning cashflow effectively – ie. Cashflow Statement, Loans & Debts Summary
- Understand different asset classes of Investments
- Understand different types of Insurance
- Recognise the red flags of financial frauds and prevent them
- Increase awareness on how personal values and background impact cashflow planning and decision making

HR, Leadership & Communication

Finance & Compliance

Business Model & Strategy

Marketing & AI

Financial Literacy – ABCs Of Financial Planning

About Course

What Will You Learn?

Course Content

1. COMPONENTS OF CASH INFLOW

Discuss the importance of Cashflow Planning, how it impacts personal finance

Identify the components of Cash Inflow – Salary, Bonus, Commissions

Discussion and categorisation of components of Cash Outflow

2. COMPONENTS OF CASH OUTFLOW

Discussion and identification of Cash Outflows, in particularly various Expenses : Fixed & Variable; Necessities, Lifestyle, Life Events Expenses

Learn to fill in monthly cashflow statement – Income, Expenses

Discuss methods of increasing cash inflows and reduce outflows

3. COMPONENTS OF LOANS & DEBTS

Identification and discussion on type of loans and debts

Showing participants how to categorise Loans and Debts

Showing participants how to calculate interest rates for various loans (house, car, credit cards, personal loan)

Analyse and reflect on ways to save from loans interests

4. DEBRIEF ON CASHFLOW STATEMENT

Reflection and sharing on what the Cashflow Statement tells about the participant

Showing the gap between financial Goals and actual current situation, aiming to increase awareness and work towards closing the gap

Discussion on obstacles in achieving financial goals

5. INVESTMENTS

Understand different asset classes of savings and investments

Identify and categorise savings and investments

Calculate return rates, compound interest, present and future value

Identify legitimate and fraudulent investments

6. INSURANCE

Understand different types of personal Insurance

How to read insurance policies

Identify personal insurance needs

7. SUMMARY AND CONCLUSION

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