Learning journey: Getting my finances on track
As the cost of living continues to surge, balancing our finances can be a big challenge. The Getting my finances on track learning journey brings together a number of MoneyED modules specifically selected for those looking to get a better understanding of some key financial concepts and to get their financial commitments under control.
From understanding the financial implications of Buy Now Pay Later (BNPL) loans to establishing our own financial goals and objectives, this collection of modules will help you get your finances on track and establish some clear objectives going forward.
With its modulated design, this programme is designed to be self-paced with an approximate total completion time of 105 minutes.
Your learning journey
Curriculum
68
Important information
Introduction
What is BNPL and how does it work?
Application requirements and borrowing limits
Benefits
Risks
Considerations
Short quiz
Important information
Introduction
Overview of credit cards and personal loans
Credit card example
Knowledge check
Application process and managing your credit card
Short quiz
Important information
Introduction
Things to consider before consolidating your super
How to consolidate your super
Claiming lost super
Overview of inflation and interest rates
The relationship between inflation and interest rates
Rising or falling prices
Short quiz
Important information
Introduction
Characteristics of debt
Types of debt
Reasons to borrow money
Using debt effectively
Example: Tax deductible borrowing
Conclusion
Short Quiz
Disclaimer
Introduction
Do you really need it?
Consider your borrowing capacity
Consider your borrowing options
Creating a budget
Prioritise your debt
Debt consolidation
Engage with your bank
Reflecting and staying positive
Seeking professional help
Further information
Short quiz
Important information
Introduction
The edge of the cliff
Preparing for a mortgage cliff
Options if you cannot service the repayments
Conclusion
Budgeting basics
Looking forward to look back
Getting your baseline right
Short quiz
Important information
Introduction
What are your financial values?
Financial values inventory exercise
What makes a good financial goal or objective?
Defining your own financial objectives
Introduction
The Household CFO Strategy
The Envelope Strategy
The 50-30-20 Strategy
The budgeting process
Short quiz (Update)
