There are millions of citizens struggling 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.
Workshop Objectives:
- Discover how to establish financial goals
- Evaluate where financial cuts can be made
- Learn the basics about expenses
- Determine what tools you need to stick with your budget.
Managing Personal Finances Course Outline:
Module One: Getting Started
- Icebreaker
- 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
- Transportation
- Debt Payments
- Case Study
- Module Four: Review Questions
Module Five: Types of Fluctuating Personal Expenses
- Personal Care
- Entertainment
- 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
- Software
- 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 the Benefit of Sticking with the 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