Course: MANAGING PERSONAL FINANCES – R999

Course: MANAGING PERSONAL FINANCES – R999
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Contents

Budgets (Income & Expenditure)

Savings

Credit Cards and clearing debt

Credit ratings

Financial terminology

INTRODUCTION

The importance of controlling your personal finances

It is human nature to want nice things and live well. In a society that demands instant fulfilment

it requires strength of character and personal discipline to resist these pressures and

temptations if they cannot be afforded.

Good money management is an important part of achieving your long term goals, success and

happiness. It is a life skill that most learn over time and out of necessity. Adopting this life skill

early puts you in control, will increase your opportunities, reduces stress and uncertainty, and

promotes good health, well-being and lasting relationships.

Money management includes such things as controlling your finances and living within your

means, to saving for short and long-term goals, to taking control of your financial situation and

having a realistic plan to pay off your debts.