18/08/2023
In this basic finance course, we will teach the essential fundamentals of financial management and how to make sound financial decisions in everyday situations.
1. Basic concepts of finance: Introduction to the financial world, key terms (Rates, Interest, Interest Rates, Capitalization, Update, Current Value), and the importance of financial planning.
2. Personal Budget: How to budget, track spending, and set realistic financial goals.
3. Savings and investment: Differences between saving and investment, saving strategies, and basic investment options.
4. Debt Management: How to properly manage debt, avoid excessive debt, and ways to reduce existing debt.
5. Responsible use of credit cards: Understand how credit cards work, avoid excessive charges and maintain a good credit rating.
6. Planning for retirement: Importance of saving for retirement, pension plan options and how to calculate how much is needed to retire.
7. Tax Concepts: Understand basic taxes and how they can affect business and personal finances.
8. Financial risk management: How to protect personal finances from unexpected events.
9. Introduction to the financial market: Basic concepts of investments, stock market and diversification.
It is essential that the course is practical and provides realistic examples so that students can apply the knowledge acquired in their daily lives. In addition, encouraging responsible financial decision-making and the establishment of healthy financial habits is essential for the success of the course.
