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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
National Cultural Commission staff undertake FLT

National Cultural Commission staff undertake FLT

Nambawan Super Limited (NSL) and the National Cultural Commission (NCC) are pleased with the results of their recent partnership which led to 37 NCC staff receiving their Certificates of Completion for Modules 1 to 3 of the FREE Nambawan Super Financial Literacy...