This course will equip participants with the tools that will allow them to carry out personal financial planning and understand the need to safeguard their wealth and financial resources, as well as the minimum requirements that must be considered to make good financial decisions.
Planning family expenses through a budget is very important, especially when the economic situation is not ideal. The family budget is a tool used weekly, fortnightly or monthly that allows you to know how much money is needed to meet the needs of the family and also how to distribute the income to be able to fulfil the obligations. It also serves to define family and individual priorities, organise money and make it perform more, improve consumption habits and spend with responsibility.
To save is to allocate a portion of the income to achieve a goal or create a fund to face an emergency. Saving can be used to pay for a vacation, buy a computer, change the car, face an illness or invest. Saving implies preventing and anticipating ahead to face the future and walk with responsibility in the present, therefore, the culture of saving benefits people, families, communities and nations.
Invest is to allocate a portion of the income to productive activities with the purpose of obtaining a return or increase of the estate. Investments can be made in the short or medium term. It must be taken into account that an investment should always be greater than inflation, otherwise it will lose its purchasing power.
Credit is a fixed-term money loan granted by a financial institution to the client with the commitment that in the future, the customer will repay the loan plus an additional interest. It is a tool for acquiring goods and services, many of which we could not acquire in cash. If the credit is used with prudence and responsibility, it can be a great help to give some security to unexpected expenses.
A risk is the probability of an accident or unforeseen event that damages a person, family or property. Risks can not be avoided, but they can be prevented and transferred. An insurance is a contract between an insurance company (insurer) and an insured. The insurer covers part of the expenses generated by an accident, loss or illness, in exchange for the payment of a premium. To prevent a risk is to take measures to avoid an accident or unforeseen. Being cautious, in the event of an accident, the consequences will be minimal.
To care for and minimize expenses, it is important to carry out a responsible and intelligent consumption avoiding practices that generate unnecessary expenses. Evaluating consumption habits and quantifying what cost they suppose in the family economy can help change and reduce consumption. Reusing and recycling both clothing and furniture and items can help reduce spending at home.
This school offers programs in:
Last updated August 4, 2017