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LifeWise Plus Synopsis

MAJOR OBJECTIVE
To provide awareness and skills in the management of personal financial life skills. The programme facilitates the taking of responsibility for one’s own financial affairs with knowledge and confidence.
 
COURSE CONTENT
Module A: Salary Deductions
Retirement Funding
SITE/PAYE
Medical Aid
UIF
Garnishee Orders
Administration of the Courts
Insolvency and Liquidation
Module B: Banking
The purpose of banking
Basic banking services
Other banking services
Banking: Money saving tips
Module C: Budgeting
Steps in Budgeting
Essential Expenses
Non-Essential Expenses
How to draw up and manage a budget
Reviewing the budget
Module D: Credit
Instalment Sale Agreement
Buying a house
Buying a vehicle
Tips for managing your credit
Module E: Savings
Saving and compound interest
Savings options
Emergency fund
Module F: Thinking Ahead
Insurance
Life Assurance
Marriage and Money
Wills and Testaments
Module G: The Financial Rescue Plan
The Financial Rescue Plan
The Road to Recovery
Setting Financial Goals
Toolkit: Useful numbers, websites, tips & forms
Forms for use in goal setting, budgeting & financial control
Pension Fund Adjudicator
Council for Medical Schemes
Ombudsman for Banking, Credit Information
Ombudsman for Financial Advisory & Intermediary Services
Ombudsman for Short Term Insurance, Long Term Insurance
The National Credit Act (1 July 2007)
 
TRAINING METHODOLOGY
Pictorial graphics in a delegate workbook as well as a range of case study and workshop work. Discussion exercises in small groups facilitates transfer of learning into the delegate’s life experience.
 
COURSE DURATION

Course duration is two days. Presented in company. Further programmes can be conducted by licenced instructors on a modular basis.

 
FOR WHOM INTENDED
Supervisory and management level employees who need to take better control of their personal financial planning and well being.