Managing Personal Finances

This module will equip the learner with the knowledge, skills and competencies to manage personal finances.

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Course Description

This module will equip the learner with the knowledge, skills and competencies to manage personal finances.

Aims & Objectives

  • To provide an understanding of personal and cultural values surrounding money
  • To develop budgetary skills in the areas of spending and saving
  • To provide an understanding of relevant social welfare systems, payslips and consumer rights

Course Content

  • Discuss personal and cultural values surrounding money to include personal money and money belonging to other people or organisations
  • Explain a personal budget to include income and expenditure
  • Identify basic tax and social welfare deductions on a payslip
  • Distinguish between current financial needs and future spending to include bills, necessities, discretionary spending and large expenditures
  • Identify common social welfare entitlements
  • Describe ways of managing payments, payment methods and costs incurred by various methods
  • Knowledge of the agencies that provide support during financial difficulty
  • Demonstrate knowledge of consumer rights and the available mechanisms to exercise them
  • Prepare a weekly spending plan
  • Identify ways of saving money
  • Prepare a savings plan
  • Describe the economic and social environment and its impact on personal finances
  • Compare a limited range of savings and borrowing products from financial institutions
  • Compare personal financial experience and habits with those of dependents, partners, family and friends

Please Note:

This course is offered free of charge to social welfare recipients subject to a minimum number of participants.

About Instructor

Alice Quinlan

Alice Quinlan

Manager Mobile IT

PGCE (Post Graduate Certificate in Education) Graduate Diploma Advanced Materials BSc Applied Physics Alice has over 10 years’ experience as a trainer and has been the manager of Mobile IT for the past two years. During that time, she has been responsible for organising courses, curriculum design and recruiting and pre-screening for courses, running courses and ensuring sufficient support post course.

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