09 Mar 2017

Managing Personal Finances Workshop_released 12/16

Personal FinanceSimply quoted “A penny saved is a penny earned” remains simply uncomprehending as there are millions struggling with    debt.  For most of us, personal finances are a mystery, filled with shame and anxiety.  Many have a hard time creating an budget and sticking to it. But with just a little encouragement, and the right tools, anyone can master the art of personal finance.
It all begins with debt; a lot of debt can be alleviated if you have the right tools.  This workshop will provide you with the tools you need to reduce or eliminate debt, and give you the financial stability you need.  The guide teaches you the benefits of having a budget and how to build a budget that fits your needs, and lifestyle. You will discover how you can cut costs, pay off debts, and live within your budget.  Personal finance is really just a road map to help you reach your financial goals. Here’s a overview of what is covered in this wonderful new course:
•  The Benefits of Budgeting: learn to plan spending, lower debt and build savings – while reducing stress and family conflicts
• Fixed Expenses: these expenses include items like utilities, rent, and transportation, as well as payments on debt
• Variable Expenses: discretionary expenses will include entertainment and dining out, costs that can really add up if you aren’t paying attention
• Financial Goals: you’ll need to establish your financial goals for both the near future and in the long term
• Reduce Spending: next prioritize your expenses versus your financial goals to help you plan where the money should go each month
• Financial Planning Tools: there are many tools to help you better manage your finances, including the “cash envelope system”
• Sticking To Your Budget: explore some of the many ways to help you stay accountable to your budget so that you can reach your financial goals
• Finding Extra Money: this section brainstorms additional ways to make a little extra money such as selling unused items, part-time jobs, and self-employment opportunities
• Becoming Debt Free: start with the small stuff, and work your way up: you’ll build confidence with the little wins until it becomes a habit
• Building Wealth: most people become debt free within a few years, then focus on retirement goals and building wealth!
We’d like to see every workplace offer Personal Finance Management training.  As employees become more financially secure, and employers become more profitable, everyone has the ability to help make the world a better place.
Managing Personal Finances Course Outline:
Module One: Getting Started
▪Housekeeping Items
▪The Parking Lot
▪Workshop Objectives
Module Two: Module Two: The Benefits of Budgeting
▪Getting Rid of Debt
▪Generating Savings
▪Reducing Stress and Anxiety
▪Lessening Family Conflicts
▪Case Study
▪Module Two: Review Questions
Module Three: What to Consider Before Creating a Budget
▪Understand Your Income
▪Determine a Budget Duration
▪Determine Expenses
▪Track What’s Being Spent
▪Case Study
▪Module Three: Review Questions
Module Four: Types of Fixed Personal Expenses
▪Utility Bills
▪Housing Bills
▪Debt Payments
▪Case Study
▪Module Four: Review Questions
Module Five: Types of Fluctuating Personal Expenses
▪Personal Care
▪Eating Out
▪Case Study
▪Module Five: Review Questions
Module Six: Establish Your Goals
▪Short Term vs Long Term
▪Be Realistic
▪Actually Get Rid of Debt
▪Save for the Future
▪Case Study
▪Module Six: Review Questions
Module Seven: Determine Where Cuts Can Be Made
▪Cut Bad Habits
▪Decrease Transportation Costs
▪Reduce Utility Bills
▪Decrease Entertainment Expenses
▪Case Study
▪Module Seven: Review Questions
Module Eight: Tools
▪Phone Applications
▪The Envelope System
▪Expenditure Notebook
▪Case Study
▪Module Eight: Review Questions
Module Nine: Stick With Your Budget
▪Use Cash for Weekly Allowance
▪Accountability to Family or Friends
▪Set Up a Different Account for Savings
▪Remind Self of Benefit to Sticking with Budget
▪Case Study
▪Module Nine: Review Questions
Module Ten: Additional Ways to Make Money
▪Make and Sell Items
▪Sell Unused Items
▪Small Part-Time Job
▪Recycle for Money
▪Case Study
▪Module Ten: Review Questions
Module Eleven: Paying Off Debt
▪Get Three Credit Reports
▪Start with Small Stuff and Work Your Way Up
▪Credit Card Hacks
▪Investigate Student Loan Repayment or Consolidation Options
▪Case Study
▪Module Eleven: Review Questions
Module Twelve: Wrapping Up
▪Words from the Wise
▪Review of Parking Lot
▪Lessons Learned
▪Completion of Action Plans and Evaluations
Additionally, the workshop includes the following:
1. Training Manuals for each delegate, Icebreakers, energizers, and other workshop activities to heighten the effectiveness of training sessions when targeted to the lesson topic and the overall needs of the participants.
2. PowerPoint slides embedded with videos that will compliment the instructor-led training experience and provide an excellent summary of training concepts in point format. Flip chart notes are also available as an alternative for workshop training.
3. Quick Reference Sheets. These powerful Quick Reference sheets are an excellent take away from any training program or as a stand-alone desktop reference tool.
4. Usage of real life examples, case studies, and stories based on the instructor’s industry experience that are relevant to the group.
5. Certificates. The Certificate of Completion is meant to publicly acknowledge the effort and expense invested by participants in the completion of the training workshop.
6. Course related MP3 Audio book for training on the go and a complimentary E-book on select Soft Skills.
All of these professional training resources are based on the most up-to-date body of knowledge and carefully selected by subject matter experts.  To better comprehend each module’s objectives & outline, please click on the following link that demonstrates the HR’ module on our website: http://readacademy.net/course-curriculum/
To register for the workshop or additional information on a specific module, please respond back with your choice of the pick and/or visit http://readacademy.net/softskills-training-courses/; to enable us meet your business requirements, please fill out the professional enquiry form at: http://readacademy.net/contact-us/.  If you have any questions, concerns or need an insight to our soft approach, please contact us at: info@readacademy.net and/or call us +966532874341.