Essentials of Personal Finance

Ever wondered what basic cash flow, budget management, and future value of cash means? These, together with basic investment considerations such as the principles of compounding and computing of the values of present and future values, effective debt management and consumer credit sourcing will all be covered in the course. Students will learn how they can take a closer step towards realizing their personal financial goals.

Related ITE Course: Higher Nitec in Financial Services 

At the end of the module, students will be able to:

  • Prepare an income statement, identifying personal assets, liabilities, income and expenses and net worth
  • Choose an appropriate investment by applying the principles of compounding, computing the values of present and future values and taking into consideration the all relevant factors in choosing the investment
  • Select credit facilities by applying the techniques of effective debt management, and sourcing for consumer credit
  • Select savings and protection plans via applying the knowledge gained in the module.