Personal Finance

Introduction

We work with individuals to better understand their personal finances and make informed decisions to empower them for their desired financial future. This can be one-on-one coaching sessions or Personal Finance workshops using practical tools such as goal setting and budgeting principles.   The coaching and Personal Finance workshop is a practical way of learning and gaining basic financial knowledge that will have an impact on the individual's personal finances.  

Our subject matter expert Sulet van Niekerk CA(SA) is an experienced facilitator and have designed and facilitated on numerous management development programmes at all development levels for the University of Stellenbosch Executive Development (USB-ED) and Henley Business School.  She is a subject matter expert in Financial Management, Accounting and Budgeting.  Sulet has designed and customised Personal Finance workshops for the business school.  

Objective

Assisting individuals with a better understanding of their personal finances and what tools they can use to improve their personal finances. This is to empower individuals in their decision making regarding their personal finances. It develops confidence in their own understanding and interpretation of their financial position and how to make more informed decisions to achieve the financial position they desire in the future. 

Benefits of this Personal Finance Workshop

• Participants will be able to prepare and interpret their personal Income statement and Balance Sheet.

• Participants will be able to understand the drivers of income and expenses. 

• Participants will be able to identify their financial goals for short-term, medium-term term and long-term. 

• Participants will be able to prepare budgets that will support their financial goals.

Learning Outcomes

• Understand basic accounting principles.

• Read, identify and explain the various components of an Income statement and Balance sheet.

• Basic financial analysis using their personal Income statement and Balance sheet.

• Understand the drivers of income and expenses.

• Understand the budget process to achieve financial goals. 

Learning Approach

For participants to gain a full understanding of the concepts in class room or online facilitation by a subject matter expert using action based learning with practical exercises and examples.  Each participant will receive an easy to read set of notes for future reference.

Duration

The Personal Finance workshops are customised to the client's needs and the duration can be 1 - 2 days to suit the client's learning environment.

The Individual coaching sessions will vary between 6 - 10 sessions, depending on the individual's needs.