Study our Maging Personal Finance Online Course and Learn How to Professionally Handle Your Finances 

Our Managing Personal Finance Online course equips you with the knowledge and skills you need to decrease or eliminate debt and achieve financial security. The tutorial explains the advantages of having a budget as well as how to create one that suits your needs and lifestyle. You will learn how to decrease costs, pay off debts, and stay within your budget by taking the Managing Personal Finance Online courses.

On completion of this course, which you can access online with any device, you receive your certification which is industry recognised. All certifications can be verified via the website, giving prospective employers complete peace of mind when confirming your credentials. For more information on our popular Personal Finance Online Courses, you can visit us here at Courses For Success!

What you will learn with our Managing Personal Finance Online Course

• 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 Finance Online Course – Requirements

The Managing Personal Finance Online Course is delivered 100 percent online 24/7 and only takes 6 to 8 hours of study to complete. 

To successfully complete this course, a student must:

• Have access to the internet and the necessary technical skills to navigate the online learning resources
• Have access to any mobile device with internet connectivity (laptop, desktop, tablet)
• Be a self-directed learner
• Possess sound language and literacy skills

Managing Personal Finance Online Certificate Course – Outline

Module One: Getting Started

Module Two: The Benefits of Budgeting

Budgets are just like maps that help you reach your financial goals. It encompasses all the financial information needed to get you from Point A to Point B.

Getting Rid of Debt

A well-planned budget can help you move away from the hardship caused by debt. Debt can take many forms, this can include:

• Mortgage
• Credit Card
• Medical Bills
• Personal Loans
• Car Loan
• Bank Overdraft Charges
• Student Loan

Generating Savings

Careful budgeting makes it possible to create savings. A little foresight can go a long way in preparing us for life’s unexpected surprises.

Reducing Stress and Anxiety

Thinking about our finances can lead to stress and anxiety. This can be a debilitating experience and can manifest physically.

Lessening Family Conflicts

Financial strain does not only affect our physical health but can also affect our personal relationships.

Module Three: What to Consider Before Creating a Budget

Budgets are personal tools and should be tailor made to the needs of individuals. In this module, you will learn the different elements that should be considered before creating your budget.

Understand Your Income

Many people make the mistake of living beyond their means. Credit cards makes it possible for people to spend on things even before they have the money on hand. This culture of credit has caused people stability in their finances.

Determine a Budget Duration

Budget durations must be determined by your goals. The most popular budget duration is a yearly budget broken up into months.

Determine Expenses

You should be detailed in determining your expenses. You should be able to identify every single expense to keep your budget accurate and up to date with the latest financial information.

Track What’s Being Spent

Your actual expenses may be different from what you are actually spending. Developing the habit of documenting or writing each and every expense will give you an accurate picture of where you’re placing your money.

Module Four: Types of Fixed Personal Expenses

Fixed expenses are those that do not change over time. These can include utility bills and monthly subscriptions.

Utility Bills

Utility bills refer to public services that are associated with a legal residence. Examples include:

• Telephone
• Cable
• Internet
• Sewer

Housing Bills

These bills are related to the actual billing and should not be confused with utility bills. Housing bill payments are not necessarily paid on a monthly basis. This could also annually such as house taxes.

Transportation

Gas bills are not considered as fixed expenses because fuel costs can change over time and it is also affected by the frequency you use your car for example. Transportation expenses include car insurance, car payments or quarterly oil changes.

Debt Payments

Fixed payments also include debt payments. Loan payments, student loans or any type of loan payments which is done monthly, quarterly or yearly can be considered as fixed payments.

Module Five: Types of Fluctuating Personal Expenses

In this part of the Managing Personal Finance Online Certificate course, we take a look into the different types of fluctuating personal expenses. These include personal care, transportation costs, meals, and entertainment costs.

Personal Care

This can refer to expenses which include food, toiletries, medical expenses and clothing. The costs can vary from month to month depending on usage or how frequently you purchase certain items. Food and groceries can be daily or weekly expenses. While it can be very difficult to project future personal care expenses, it is important that you create an average estimate that can be used when making your budget.

Non-Fixed Transportation Costs

in this part of the course, we discuss some of the non-fixed transportation costs that includes gas expenses which change when pump prices go up or down.

Entertainment

When creating our budget, we tend to forget some of the small expenses that we make for entertainment. Watching a movie for example or going to a concert are expenses that are often not included in our budget.

Eating out

Another expense that fluctuate over time, eating out can both be considered a food or entertainment expense.

Module Six: Establish Your Goals

Goals provide direction when creating a budget. Your goals can be as simple as having your utilities turned off due to non-payment. It can also be complex like improving you credit score by updating your loan payments.

Short Term vs Long Term

Short term goals are those that can be achieved quickly such as paying your bills on time. Long term goals, on the other hand, includes buying a house my improving your credit score.

Be Realistic

You are in the best position to know what can and cannot be done. Keeping your goals realistic can save you a lot of frustration. It can also help you create solutions that can be implemented based on your current situation.

Actually Get Rid of Debt

A budget can actually help you get rid of debt, first by letting you identify what these debts are. You can then create a payment plan that works with your current finances and how much you can afford.

Save for the Future

Having an emergency fund is one of the benefits of having a budget. Being able to save for the future financial prepares you for any contingencies. With people living longer, saving early is your best bet for having the financial resources you will need in old age.

Module Several: Determine Where Cuts Can Be Made

Budgets enable you to identify where spending cuts can be made to increase savings. In this module, you will learn the different ways on how a budget can help you determine where cuts can be made.

Cut Bad Habits

Some of the simple ways of making cuts is to simply stop bad habits. An example would be to stop smoking. It does not only save you hundreds of dollars monthly but also save you thousands of dollars in health treatments in the future.

Decrease Transportation Costs

Another way of cutting costs is being transportation savvy. Using public transport for example can save you hundreds of dollars in fuel and parking costs.

Reduce Utility Bills

Small things add up to become big things and even the smallest adjustment in how you use electricity and water can spell to big savings for the future.

Decrease Entertainment Expenses

This should not be mistaken for totally eliminating entertainment from your budget. However, cutting down on these expenses by reducing the number of times you go out each week can help you save a few hundred dollars a month.

Module Eight: Tools

Having the right tools is essential for any task. In this module, we will discuss the different tools available for creating a budget.

Software

There’s no shortage of budgeting software that can make your budgeting task easier. Software is available for making simple budgets to creating budgets for big companies.

Phone Applications

“There’s an app for that,” and when it comes to budgeting apps are not that far away in terms of capability with their desktop counterparts.

The Envelope System

This system refers to the use of envelopes that are labeled with the various expenses.

Expenditure Notebook

This notebook is a simple way of documenting your expenses. By having this notebook conveniently around, you can track all expenses even the smallest ones.

Module Nine: Stick With Your Budget

Use Cash for Weekly Allowance

Using cash for your financial transactions ensure that you are only spending money you actually have. By creating a budget, you are able to determine your wants and needs. By using cash for weekly allowance, you are able to stick with your budget and stop spending once the cash is gone.

Accountability to Family or Friends

Budgeting can be tough and requires a lot of mental fortitude. Having friends and family for support during this time can be a wonderful source of support during this difficult time.

Set Up a Different Account for Savings

This is a great way of separating savings from your expenses. It is also a gentle reminder that the money from the savings account should only be used during emergencies.

Remind Self of Benefit to Sticking with Budget

Having people to remind you of sticking to your budget is one thing, but at the end of the day it is you who is ultimately responsible for following through with the budget.

Module Ten: Additional Ways to Make Money

In the course of creating the budget, you might be made aware that your current finances will not be able to cover all expenses. In this module, we will discuss simple tips of making additional money.

• Make and Sell Items
• Sell Unused Items
• Small Part-time Job
• Recycle for Money

Module Eleven: Paying Off Debt

One of the things that we often learn later in life is the important role of credit scores. Having a budget helps you gain control of your life and credit score. In this part of the course, we will take at a few simple steps when 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

Module Twelve: Wrapping Up

Recognition & Accreditation

Upon successful completion of this course and achieving a passing score for the assessment, you will have a better understand of personal finance and how you can handle your finances better. You will also be issued with an international continuing education credit (CEU) certificate, accepted by many organizations worldwide.

The Certificate is applicable worldwide, which demonstrates your commitment to learning new skills. You can share the certificate with your friends, relatives, co-workers, and potential employers. Also, include it in your resume/CV, professional social media profiles and job applications.