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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
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