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Managing Personal Finances is a comprehensive programme designed to equip you with essential knowledge and skills for effective financial management. The course covers various topics: budgeting, saving, understanding mortgages, interest rates, and inflation.
Adults aged 19+ who do not already have a GCSE at grade C (or equivalent) in maths can apply.
This will be a stepping stone qualification which will help you progress to further qualifications such as a Level 2 Functional skills in Maths or GCSE.
Managing your personal finances and making decisions about money is an important part of everyday life. This course is designed to help you understand and make the most of your personal finances, including the different financial products and services available, borrowing money and saving money, with practical guidance and advice. With real incomes falling and personal debt at a record high, it’s vital to improve your personal finance skills. This Managing Your Money course starts by giving you guidance on compiling a budget and using it to make good decisions about your spending.
You will explore information about debts and investments, comparison websites and how credit cards and loans are used to finance ownership. The critical issue of debt management is explained, with guidance on the different products.
The course also examines different types of insurance. It offers practical advice on how to make rational decisions about purchases.
By the end of the course, you‘ll be able to understand how to undertake financial planning, including drawing up a budget and a household balance sheet, compare and understand loans and other debt products as well as be able to explain core categories of personal investment and the returns they provide. You will able to summarise insurance products and how they are priced.
19
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Multiply Scheme
12 hours
12 hours
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Functional Skills
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Staffordshire, West Midlands
| Awarding Body | Generic Award |
|---|---|
| Delivery | Online Learning |
| Funding Type | Multiply Scheme |
| Region | Staffordshire, West Midlands |
| Minimum Entry Age | 19 |
| GLH | 12 |
| TQT | 12 |
| Sector | Functional Skills |
Things that affect your choices, for example, skills and experience, money and housing, personal issues such as health, relationships and discrimination.
If you need career advice and support before, during or after you’ve completed your course, our trained advisors can help by providing you with in-depth career information, advice and guidance to make sure you make the right informed choices.
