Session 1: Maintaining a right Perspective about Money/Finances
Learning Objectives
By the end of this session, participants will be able to:
- Explain the important role money and finances play in life
- Compare and contract financial literacy in traditional PNG society and Modern Contemporary PNG Society
- Appreciate Christian perspectives about money
- Identify key factors that contribute to financial crises in PNG Society
Session 2: What is Your Current Financial Health?
Your financial health is important, just like your physical health. Doing a financial wellness check, can help you determine what adjustments you need to make in your life.
Learning Objectives
By the end of this session, participants will be able to:
- Define and calculate personal financial net worth
- Define and calculate personal financial debt-to-income ratio
- Identify the consequences of lack of personal financial mismanagement
Session 3: Set Financial Goals
Learning Objectives
By the end of the learning session, participants will be able to:
- Discuss the introduction to budget and or using money wisely
- Explore the causes of household financial pressures
- Set financial goals and explain how to reach them
- Describe what a financial plan is and how it can help achieve financial well being
Session 4: Examine Your Money Management
Learning Objectives
By the end of this learning session, participants will be able to:
- List and group common household expenses
- Identified and group household income sources
- Explain how to cope with irregular income and expenses
- Describe all the different ways you earn and spend money
- Understand how your money flows in and out of the household
Session 5: Create a Budget
Learning Objectives
By the end of this learning session, participants will be able to:
- Explain the steps to create a budget
- Create a budget
- Generally accepted budget format
- Redefined Budget (Savings before expenses)
- Typical Christians Budget
- Income based money allocation models
Session 6: Savings
Learning Objectives
By the end of this learning session, participants will be able to:
- Define savings
- Describe and list some reasons to save money
- Identify some barriers to saving money
- Identified how to overcome savings difficulties
Session 7: Set Savings Goals
Learning Objectives:
By the end of the learning session, participants will be able to: Set short- and long-term savings goals
- Rank the importance of savings goals
- Develop a savings plan for the family
Session 8: Increase Your Savings in Super
Learning Objectives
By the end of this session, participants will be able to:
- Explain how to save using a case study
- Identify actions that the family can take to increase savings
Session 9: Save for Emergencies
Learning Objectives
By the end of the learning session, participants will be able to:
List the types of emergencies and their consequences
- Practice estimating the amount of money needed for emergencies
- Describe how they can cope with emergencies by having an emergency fund
- Include emergencies in savings goals
Session 10: Create a Savings Plan
Learning Objectives
By the end of the learning session, participants will be able to:
- Modify savings goals and develop savings targets
- Match savings goals to the best savings service
- Prepare a savings plan to apply what you have learned
Session 11: Good Debts verses Bad Debts
Learning Objectives
By the end of this session, participants will be able to:
- Differentiate good debt and bad debt
- Avoid bad debt
- Learn the truth about debt from the bible
- Develop a debt reduction strategy if you are already in debt
