Short course in Financial Literacy

Sponsored

0 CPD Points

Introduction

Our country and much of the world is in a challenging financial position and the impact is felt in our everyday lives. Most of us are experiencing financial difficulties from price increases and growing unemployment. This leaves us uncertain about our financial future and desperate to manage our personal finances better. Despite, the well recognised need for knowledge of how to manage personal finances, few of us are taught this and find ourselves unsure of where to start.

As Benjamin Franklin supposedly once said, “If you fail to plan, you are planning to fail.”

If you are able to understand the key concepts to managing your personal finances and have a plan in place to achieve your financial freedom, you are certain to increase your chances of improving your financial well-being.

The course is aimed at helping you manage your personal finances. It provides you with knowledge about key financial concepts and practical guides on how to manage your finances. The knowledge and skills you will obtain in this course will enable you to make more informed financial decisions and help you achieve financial stability.

As part of its journey to become a fundamentally different, disruptive and digitally led bank; Absa Group Limited (Absa), has taken the business decision to become even more of an active force for good in society. As part of the implementation of this new strategy, Absa together with Foundation for Professional Development as its training partner offers Consumer Education.

Absa is committed to uplifting and empowering youth and communities through their Consumer Education Programme by offering this course on Financial Literacy to you.

Course Highlights

  • Welcome
  • Orientation Module
  • Pre-Course Module
  • 1. Creating and managing a personal budget
  • 2. Your financial position and signs of financial distress
  • 3. Credit and debit orders work and how to manage it
  • 4. Navigating a increasingly complex financial world
  • 5. Long-term financial planning and wellbeing

Course Information

WHO SHOULD ENROL

This course is open to anyone with a valid SA ID number.

Kindly take note that by accepting this scholarship you agree to the following:

I understand that there are limited scholarship slots available and that by accepting this scholarship there are other applicants who may not get the same opportunity. I accept this scholarship and commit to completing the full learning programme, including any pre-reading, workshop participation and/or assignments, in line with requirements. I understand that if I do not complete this sponsored course, I may be excluded from future scholarship opportunities.

 

LEARNING OUTCOMES

On completing this course, a learner will be able to:

  • Create a personal budget and demonstrate the ability to manage a personal budget.
  • Evaluate their financial position including recognizing the signs of financial distress.
  • Interpret how credit and debit orders work and explain how to manage them.
  • Identify how to navigate an increasingly complex financial world.
  •  Demonstrate an understanding of the concept of long-term financial planning and wellbeing.
  • Develop an investment plan.

COURSE DESIGN

Offered as an easy online e-learning programme structured in short modules that can be done in your own time.

Included are presentations, videos, activities, quizzes and reflecting exercises. The outputs of some activities will give you the tools to manage your personal finances.

Approximately 10-14 hours is required to complete all the modules and maximum period for completion is 1 month.

COURSE CONTENT

These modules have been developed by financial literacy teachers and experienced financial experts. The modules covered in the course are:

  • What is a budget and why you need one?
  • Creating a budget
  • Understanding your financial position
  • Signs of financial distress
  • How credit can help you
  • Debit orders
  • Credit rights and responsibilities
  • Banking scams
  • Knowing your consumers rights
  • Financial well-being
  • Tax
  • Insurance
  • Estate Planning
  • Investment Planning

ASSESSMENT

Self-assessments are done as well as interactive quizzes to build your financial knowledge.

CERTIFICATION

Foundation for Professional Development will award successful participants with a certificate of completion for this course.

CONTACT

Tshegofatso Mathabathe

For more information or to register, please contact

business@foundation.co.za