F.A.V.E. Academy’s Online Courses

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• Definition of Money: History, forms, functions. 
• Importance of Money: Economic role, personal significance. 
• Earning: Sources of income, ethics, taxes. 
• Spending: Budgeting, decision-making, consumer rights. 
• Saving: Methods, tools, short-term vs. long-term goals.

• Importance of Saving: Future planning, security. 
• Types of Saving Accounts: Features, choosing the right one. 
• Compound Interest: Calculations, real-world applications. 
• Basics of Investment: Diverse portfolios, risk management. 
• Retirement Planning: Introduction, significance, methods.

• Introduction to Budgeting: Concepts, principles, benefits. 
• Personal Finance Planning: Financial responsibility, decision-making. 
• Tracking Income and Expenses: Tools, strategies, analysis.
• Setting Financial Goals: Achievable goals, timelines, prioritization. 
• Adjusting Budgets: Managing unexpected changes, periodic review.

• Good Debt vs. Bad Debt: Concepts, real-life examples. 
• Interest Rates: Fixed vs. variable, impact on borrowing. 
• Credit Scores: Building, maintaining, consequences of low scores. 
• Implications of Taking on Debt: Legal, personal, and social. 
• Debt Management: Strategies for reduction, counseling services.

• Checking and Savings Accounts: Opening, managing, overdrafts. 
• Debit and Credit Cards: Choosing, using, understanding fees. 
• Online Banking: Safety, tools, mobile vs. web platforms. 
• Entrepreneurship: Business plans, funding, marketing.

Welcome to the 'Build Your Own Budget (BYOB)' course, your step-by-step guide to personal budgeting made easy. Many of us cringe at the thought of following a household budget for many reasons, including lack of time, lack of knowledge, or the idea that budgets are too restrictive and will take the fun from our lives. Do any of these sound like you? Well this course is here to help you get rid of these excuses!