Course info
Course name, The Five Pillars of Personal Finance
Human Resources Type of course Wellness
About the course
Upcoming Classes
No classes scheduled
Description
The United Stated Department of the Treasury has proposed a set of financial core competencies that will be used to establish a clear understanding about what all adults should know regarding the basic concepts of financial literacy. The five core concept areas identified are: **Earning **Spending **Saving **Borrowing **Protecting against risk
This session covers the basics (or essentials) of each area and describes practical skills needed to competently address (or manage) their personal finances.
Objectives
- At the end of this workshop, you will be able to:
- Understand your paycheck in detail, including its relation to benefits and taxes
- Develop a spending plan, track spending habits, develop a strategy to live within your means
- Define a personal savings plan, understand the applicability of different types of financial accounts, and the personal financial risk associated with savings and investment vehicles
- Understand the cost of borrowing and how to secure the best types of credit for the need
- Recognize the need to protect against risk through appropriate insurance vehicles and how to protect your identity against possible fraud and scams
Prerequisites
None
Administrators
- Emily Wilson
Please contact a course administrator for additional information.