Couse Overview

The Personal Finance Course is designed to help individuals manage their finances effectively, covering key areas such as budgeting, saving, investing, and financial planning. Participants will learn how to optimise their CPF, manage debt, plan for retirement locally and overseas, and explore both local and global investment opportunities. By the end of the course, learners will be able to make informed financial decisions to secure their financial future.

Prerequisites

No formal prerequisites, but basic knowledge of financial concepts such as income, expenses, and savings is beneficial.

Target Audience

This course is ideal for individuals looking to improve their financial literacy, manage personal finances more effectively, and achieve long-term financial stability. It is suitable for all income levels and financial backgrounds.

Course Highlights

  •  Master the essentials of personal finance, including budgeting, saving, and investing.
  • Learn how to manage debt, optimise CPF savings, and navigate tax regulations.
  • Develop a comprehensive retirement plan that includes options for retiring overseas.
  • Explore investment opportunities both locally and globally.
  • Hands-on experience in building personal financial plans using various financial tools.

Course Objectives

By the end of this course, learners will be able to:

  1. Create and manage a personal budget tailored to individual financial goals.
  2. Develop effective saving strategies and manage short-term and long-term savings plans.
  3. Build and implement debt management plans to reduce personal liabilities.
  4. Assess and select appropriate investment strategies based on financial goals and risk tolerance, including overseas investments.
  5. Design a comprehensive retirement plan with options for both local and overseas retirement.
  6. Optimise personal tax strategies and choose appropriate financial protection measures.

Course Outline

Instructional Methods: Hands-on exercises with budgeting tools, group discussions on personal financial goals, and demonstrations of financial health assessment models.

Topics Covered:

  • Importance of personal finance and financial literacy.
  • Identifying and setting personal financial goals.
  • Assessing your current financial situation (income, expenses, savings).
  • Understanding the relationship between income, expenses, and savings.
  • Building a solid financial foundation through budgeting.

Instructional Methods: Interactive demonstrations of budgeting apps, practical exercises on saving techniques, and group discussions on overcoming financial challenges.

Topics Covered:

  • Creating a personal budget: fixed vs. variable expenses.
  • Understanding and calculating emergency funds.
  • Savings strategies: short-term vs. long-term savings goals (e.g., saving for housing and healthcare).
  • Using budgeting apps and tools for financial planning.
  • Overcoming common budgeting challenges and building savings habits.

Instructional Methods: Case studies on managing debt, role-playing on negotiating credit terms, and hands-on exercises in calculating debt repayment plans.

Topics Covered:

  • Understanding good debt vs. bad debt.
  • Strategies for managing and reducing debt (e.g., personal loans, housing loans).
  • Credit scores and their impact on personal finances.
  • Debt repayment plans: snowball and avalanche methods.
  • Negotiating with creditors and understanding loan terms.

Instructional Methods: Demonstration of investment platforms, group exercises in portfolio diversification, and practice sessions on risk assessment.

Topics Covered:

  • Overview of investment types (stocks, bonds, unit trusts, REITs, SSBs, overseas investments).
  • Assessing risk tolerance and setting investment goals.
  • Understanding compound interest and time value of money.
  • Diversifying investment portfolios to manage risk.
  • Basics of retirement accounts (CPF, Supplementary Retirement Scheme (SRS)) and overseas investment options.

Instructional Methods: Scenario-based exercises on retirement planning, group discussions on CPF schemes, and modelling long-term financial goals.

Topics Covered:

  • Planning for retirement: setting realistic goals based on CPF and other savings
  • Exploring overseas retirement options and how to budget for them.
  • Estimating retirement needs: income, expenses, and lifestyle.
  • Long-term financial planning: planning beyond retirement.
  • Optimising savings for retirement through tax-efficient strategies (SRS, CPF LIFE).

Instructional Methods: Case studies on tax-saving strategies, hands-on exercises with tax calculators, and demonstrations of insurance options for financial protection.

Topics Covered:

  • Overview of the tax system and its impact on personal finances.
  • Strategies for reducing taxable income through deductions and credits (e.g., SRS, CPF contributions).
  • Planning for tax-efficient investments and savings, including overseas assets.
  • Understanding insurance options: health, life, and property.
  • Financial protection strategies: building a safety net with insurance.

Certification

A certificate of completion will be awarded upon successful completion of the course.

Course Fees

$788 $488

Personal Finance

Take Control of Your Finances and Secure Your Financial Future

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Take Control of Your Finances and Secure Your Financial Future

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