Course Information
This course provides the foundation and understanding of savings, budgeting, credit, investment, insurance, retirement in one’s financial journey. This is suitable especially for those working in the gig economy.
Learning Outcomes
To equip participants with basic financial literacy knowledge and skills in cash, debt management, personal insurance, investment and retirement planning.
1. PERSONAL FINANCIAL HEALTH
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- Importance of financial goal-setting and setting financial goals
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- Understanding key financial ratios (Net Worth, Emergency funds, Savings, Debt and Investment) to assess one’s financial health
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- Taking remedial actions to restore financial health
2. CASH MANAGEMENT
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- Tracking expenses and income using mobile cash budgeting apps
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- Determining needs and wants
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- Setting savings target
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- Voluntary versus mandatory CPF contributions
3. DEBT MANAGEMENT
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- Evaluating one’s circumstances when considering taking on a debt, capacity, amount of loan
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- Understanding the dangers of borrowing
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- Seeking help to manage debt
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- Rental of vehicle versus Buying a vehicle (Case study)
4. PERSONAL RISK MANAGEMENT AND INSURANCE PLANNING
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- Understanding types of insurable personal risks
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- Calculating one’s insurance coverage
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- Understanding the different types of insurance policies suitable for gig economy
5. INVESTMENT PLANNING
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- Assessing personal risk tolerance
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- Understanding common investment products and their risk classification- low, average and high risk
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- Using dollar cost average to accumulate wealth over time
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- Utilising online calculation tools for investment
6. RETIREMENT PLANNING
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Never too early to plan for retirement Importance of long term planning and compounding CPF tools available
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Course
Schedule
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Course Date: 10 Aug 2022
Application Period: 1 Jun – 10 Jul 2022
Duration: 8 hours
Time: 9am to 6pm
Delivery Mode: Classroom
Venue: TBC
Ngee Ann Polytechnic reserves the right to reschedule/cancel any programme, modify the fees and amend information without prior notice.
Lesson Plan
Certification
Certification
Participants who have attained 75% attendance and passed all assessments will be awarded certificate of participation.
Entry Requirements
Basic Proficiency in English
Course Fees
Funding period for this course is from 15 Jul 2021 to 30 Sep 2024.
SkillsFuture Credit
All Singaporeans aged 25 and above can use their $500 SkillsFuture Credit from the government to pay for a wide range of approved skills-related courses. Visit the SkillsFuture Credit website to choose from the courses available on the Training Exchange course directory.
Enhanced Training Support
For enhanced training support, enter SME in the promo code during course application.
Absentee Payroll
This course is eligible for Absentee Payroll.
Ngee Ann Polytechnic reserves the right to reschedule / cancel any programme, modify the fees and amend information without prior notice.
| Applicants / Eligibility | Fees |
|---|---|
| Full course fee after GST | $310.30 |