Master Your Money
A Financial
Literacy course
IT ALL BEGINS WITH AN IDEA
✦
IT ALL BEGINS WITH AN IDEA ✦
unlock your financial future
As a teenager, you’re at the perfect age to start building a solid foundation for your financial future. Our Financial Literacy Course is designed specifically for young adults like you, providing essential knowledge and skills to help you navigate the world of personal finance with confidence.
BECOME Financially empowered
-
WHAT IS A BUDGET?
WHY IS BUDGETING IMPORTANT?
HOW TO CREATE A BUDGET:
TRACK YOUR INCOME AND EXPENSES
SET FINANCIAL GOALS
ALLOCATE YOUR MONEY WISELY
TOOLS AND APPS FOR BUDGETING
-
IMPORTANCE OF SAVING MONEY
SETTING SHORT-TERM AND LONG-TERM FINANCIAL GOALS
STRATEGIES FOR SAVING:
EMERGENCY FUND
SAVING FOR COLLEGE OR VOCATIONAL TRAINING
SAVING FOR A CAR, TRAVEL, OR OTHER EXPENSES
TIPS FOR BUILDING A SAVINGS HABIT
-
DIFFERENT TYPES OF BANK ACCOUNTS:
CHECKING ACCOUNTS
SAVINGS ACCOUNTS
HOW TO CHOOSE THE RIGHT BANK FOR YOUR NEEDS
BANKING FEES AND CHARGES TO WATCH OUT FOR
ONLINE AND MOBILE BANKING: PROS AND CONS
-
WHAT IS CREDIT?
IMPORTANCE OF GOOD CREDIT
HOW TO BUILD CREDIT:
USING A CREDIT CARD RESPONSIBLY
PAYING BILLS ON TIME
UNDERSTANDING CREDIT SCORES AND REPORTS
AVOIDING COMMON CREDIT PITFALLS
-
WHAT IS INVESTING?
BENEFITS OF INVESTING:
BUILDING WEALTH
ACHIEVING FINANCIAL GOALS
DIFFERENT INVESTMENT OPTIONS:
STOCKS
BONDS
MUTUAL FUNDS
ETFS
RISKS AND REWARDS OF INVESTING
-
IMPORTANCE OF INSURANCE:
HEALTH INSURANCE
RENTERS OR HOMEOWNERS INSURANCE
AUTO INSURANCE
UNDERSTANDING TAXES:
TYPES OF TAXES (INCOME TAX, SALES TAX, ETC.)
TAX DEDUCTIONS AND CREDITS
-
PART-TIME JOBS: GAIN WORK EXPERIENCE AND START EARNING YOUR OWN MONEY.
SIDE GIGS: EXPLORE FREELANCE WORK, TUTORING, OR CREATIVE ENDEAVORS LIKE SELLING CRAFTS ONLINE.
-
ACCOUNTABILITY: KEEP TRACK OF YOUR SPENDING AND SAVING REGULARLY.
RESPONSIBILITY: BE CAUTIOUS WITH SHARING YOUR FINANCIAL INFORMATION TO AVOID SCAMS AND FRAUD
-
Setting Financial Goals:
Importance of setting and periodically reviewing financial goals to ensure they align with personal values and long-term plans.
Investing for the Future:
Basics of investing to grow wealth over time and the importance of starting early.
Retirement Planning:
Introduction to retirement accounts (e.g., 401(k), IRA) and the benefits of contributing to them early in life.
-
Learning Resources:
Books, online courses, and websites that provide valuable information on financial literacy.
Seeking Professional Advice:
When and how to seek advice from financial advisors or other professionals.
Continuing Education:
Importance of ongoing learning and staying informed about financial matters to adapt to changing circumstances and opportunities.
IT ALL BEGINS WITH AN IDEA
✦
IT ALL BEGINS WITH AN IDEA ✦
