Session 2: Managing Your Money

About Course

Take control of your finances with Managing Your Money, a practical workshop designed to help you build strong financial habits. This session will cover essential topics like budgeting, tracking expenses, setting financial goals, and making informed spending decisions. You’ll learn strategies to maximize your income, save effectively, and manage debt wisely to create financial stability. Whether you’re working toward homeownership, paying off debt, or simply looking to improve your financial well-being, this workshop will provide the tools and knowledge to help you succeed.

Assess your cash flow to understand where your money is coming from and where it’s going.
Analyze your financial habits and attitudes to identify areas for improvement.
Maximize your income through creative strategies and manage spending effectively.
Build a savings plan tailored to your personal financial goals.
Create a realistic spending plan that aligns with your lifestyle and priorities.
Recognize when and how to seek help and use available resources wisely.

Course Content

Introduction

Introduction

00:00

About Course

What Will You Learn?

Course Content

Introduction

Introduction

Topic 1: Getting started with making a plan for your money

Lesson: Spending plan

Case Study: Building a Successful Spending Plan

Self Assessment

Topic 2: Track Your Income and Expenses

Lesson: Track income and expenses

Worksheet: Determine your net monthly income

Worksheet: Calculate your monthly expenses

Worksheet: Money Control

Topic 3: Assess your current financial situation

Lesson: Assessing Your Current Financial Situation

Worksheet: Calculate your bottom line

Worksheet: Identify your lifestyle values

Worksheet: Assess your money habits and attitudes

Worksheet: Identify your spending leaks

Topic 4: Make adjustments to manage your cash flow

Lesson: Make adjustments to manage your cash flow

Worksheet: Maximize your income

Worksheet: Find out if your in a credit crunch

Worksheet: Power Pay

Topic 5: Build your savings

Lesson: The importance of saving

Case Study: The Power of Saving Consistently

Worksheet: Compare savings accounts

Topic 6: Develop a realistic spending plan

Tips for writing your spending plan

Develop your spending plan

Worksheet: Monthly spending plan 2

Review and Ways to Stay on Track

Topic 7: Know when and how to get help

Where to get help

Closing session

Summary

Worksheet: Self Test