How to Manage Your Personal Finances
Audio • 9 minutes
Learning Objectives
- Discover why budgeting is a crucial financial skill for achieving financial clarity, managing debt, and working towards financial goals.
- Establish how to differentiate between ‘good debt’ and ‘bad debt’ and understand the impact of each on your financial well-being.
- Acquire practical budgeting skills, including listing expenses, categorising spending, setting spending limits, and tracking financial progress.
Lesson Description
Discover the importance of wise money management and budgeting in this lesson. Learn how budgeting provides a clear financial picture, helps manage debt, and achieves your goals faster. Get practical tips for saving money, planning for the future, and tracking spending, including understanding ‘good debt’ vs. ‘bad debt.’ Build your budget with steps like calculating income, listing expenses, and setting limits for a stress-free financial future.
