Personal Finance

COURSE OBJECTIVES

Personal finance is the financial management of individual or family resources in terms of earning an income, budgeting, spending, saving, investing monetary resources over the lifetime of an individual in order to earn a day to day living and to achieve long term objectives taking into account financial risks and future life events.

In spite of the importance of Personal Finance literacy, personal finance is not taken as an important subject to be taught in most ordinary schools. Instead, they dedicate a lot of time in imparting skills of corporate finance preparing students to manage the finances of their corporate employers, and yet none or very little skill is imparted on how they should manage their own personal finances.

The challenges of failing to manage personal finances are not just experienced by non-finance people or non-educated people. There are a lot of educated, well qualified, very experienced professionals exceptionally good at managing the finances of their corporates when you look at the personal finances things are in a mess. They fail to extend that same level of effort, professionalism, and dedication to the management of their own personal finances. This course aims to share skills of how one can create wealth, guard it, and successfully manage Personal Finances.