Managing Personal Finances

We have seen way too many people not enjoying life because of financial problems. Every person should at least get the chance to live financially carefree, and it is possible for everyone – this course will assist attendees along the way.

Purpose of the course

The attendees will obtain knowledge and skills to manage their personal finances. This will also have a benefit on their families. This will also reduce stress about their personal finances.

Admission requirements

The participant must be able to communicate in the language of instruction and have completed the senior certificate.

Learning assumed to be in place

• Communication at NQF level 4.
• Computer literate at NQF level 4.
• Mathematical literacy te NQF level 4.

Course outcomes and assessment criteria

Course outcomes and the associated assessment criteria

Outcomes	Assessment Criteria
After completion of this course, participants will have:	The participant will be assessed on the following criteria:
Basic knowledge and informed understanding of personal finance concepts, including terminology and basic economic and finance principles. Knowledge of and the ability to investigate ways of controlling personal finances. The ability to recognise the need to save and invest as part of wealth creation. The ability to deal with financial institutions, including operating a personal bank account and obtaining insurance. Knowledge of and the ability to record and manage current spending patterns. The ability to prepare a personal budget. The ability to do basic retirement and estate planning. Fundamental knowledge and informed understanding of basic legal aspects on managing personal finances, including marriage regimes, consumer protection and taxation. Basic knowledge and informed understanding of sundry financial aspects on career planning and family matters.	Discuss personal financial concepts. Discuss ways to control personal finances. Identify and explain the benefits of saving and investing. Deal with financial institutions and manage a personal bank account and obtain insurance. Record current spending patterns. Prepare a personal budget. Prepare a basic retirement and estate plan. Discuss basic legal aspects of managing personal finances, including marriage regimes, consumer protection, and taxation. Discuss sundry financial aspects of career planning and family matters.