Personal & Family Financial Planning Course Syllabus

Overview: This course provides a comprehensive introduction to personal and family financial planning, designed for beginners seeking financial stability and growth. Over approximately 12 hours, learners will explore core financial concepts, build practical skills in budgeting and financial analysis, and develop a personalized financial action plan. With flexible pacing, the course is ideal for working professionals and students aiming to improve their financial literacy and decision-making.

Module 1: Understanding Personal Finance

Estimated time: 2 hours

• Introduction to the path of financial security
• Concepts of the time value of money
• Foundations of financial decision-making
• Setting personal financial goals

Module 2: Financial Statements, Tools, and Budgets

Estimated time: 2 hours

• Managing cash flows
• Reviewing personal financial statements
• Analyzing financial statements for better decisions
• Creating and maintaining a personal budget

Module 3: Managing Income Taxes

Estimated time: 1 hour

• Basics of income tax
• Understanding tax implications on personal finance
• Introduction to tax planning strategies

Module 4: Building and Maintaining Good Credit

Estimated time: 2 hours

• Understanding credit basics
• Debt management principles
• Reading credit reports
• Improving and maintaining credit scores

Module 5: Managing Risk

Estimated time: 2 hours

• Introduction to risk management
• Insurance planning fundamentals
• Types of personal insurance (life, health, property)

Module 6: Investment Fundamentals

Estimated time: 3 hours

• Rules of investing
• Understanding debt and equity
• Introduction to mutual funds and managed portfolios
• Creating a personal investment plan

Module 7: Personal Plan of Action

Estimated time: 2 hours

• Integrating financial planning components
• Compiling a comprehensive personal financial plan
• Setting short- and long-term financial goals

Prerequisites

• Basic understanding of mathematics
• Familiarity with personal banking
• No prior finance experience required

What You'll Be Able to Do After

• Understand the fundamentals of personal finance, including the time value of money
• Develop and analyze personal financial statements and budgets
• Apply strategies for effective income tax and credit management
• Evaluate personal risk and insurance needs
• Create a personalized financial action plan for long-term stability