Module 1:
Money Management
Understanding the power of saving money and how to use it effectively is crucial. In this course, we explore the importance of saving money & how it crucial of financial planning. From saving to investing, you will learn about key financial concepts to help you make the most of your money.
Chapter 1: Why Savings Matter: Unlock Your Financial Potential
Discover the purpose and importance of savings for long-term wealth building. From beginners to specialised accounts for seniors, our guide explains everything you need to know about savings and how it can help you plan for future needs.
Chapter 2: What is a Bank Account?
Delve into the basics of bank accounts where we discuss how different banks generate their income through interest earnings. Discover the various methods banks employ to calculate interest on savings account balances and explore the different ways of optimising your savings strategy.
Chapter 3: Importance of Fixed Deposit
Delve into the world of Fixed Deposits and understand how they differ from Savings Accounts. Explore the factors that influence FD interest rates and gain insights into taxation on FDs.
Chapter 4: Understanding the importance of Emergency Funds
Explore the significance of an Emergency Fund. Learn the ideal amount to save and where to park your funds for accessibility. Understand how an Emergency Fund provides financial security and peace of mind in unforeseen circumstances.
Chapter 5: Basics of Investing
Discover why depending solely on a bank account for savings is insufficient to maximise your wealth. Determine your ideal investment amount and explore a diverse range of options to make informed financial decisions.