DPA10203

PERSONAL FINANCIAL MANAGEMENT

PERSONAL FINANCIAL MANAGEMENT provides the skills on how to manage personal money wisely and can spend within the means and achieve the financial goals with ease. The course emphasizes on being in control of own finances regardless of whether or not facing financial problems.

COURSE LEARNING OUTCOME (CLO):

CLO1 - Explain clearly the importance of personal financial planning in achieving the financials goals

CLO2 - Expose the products and services offered in the market in achieving the financial goals

CLO3 - Explain the uncertainties and financial responsibilities in achieving the financial goals

COURSE SYLLABUS:

Topic 1 - Overview of Financial Planning

Topic 2 - Power from Your Money

Topic 3 - Financial Products and Services

Topic 4 - Building Your Wealth

Topic 5 - Planning for Uncertainties

Topic 6 - Borrowing Basics

Topic 7 - Living Your Life

Topic 8 - Getting Out of Financial Trouble

Topic 1: Overview of Financial Planning

1.1 Outline the financial planning

1.2 Describe the value of money

Topic 2: Power from Your Money

2.1 Discuss personal financial goals

2.2 Elaborate how to know one's personal net worth

2.3 Prepare a personal budget

2.4 Identify the importance of living within one's financial means

Topic 3: Financial Products and Services

3.1 Figure out banking facilities, products and services in Malaysia

Topic 4: Building Your Wealth

4.1 Elaborate the importance of increasing personal net worth

4.2 Identify the basic investment products available in Malaysia

4.3 Explain the importance of avoiding financial scams

Topic 5: Planning for Uncertainties

5.1 Justify the importance of insurance

5.2 Describe the conventional insurance products

5.3 Describe the takaful insurance products

5.4 Demonstrate the way to buy insurance

Topic 6: Borrowing Basics

6.1 Explain the importance of not over-committing on loans and purchases using credit cards

6.2 Describe the types of loan products available in Malaysia

6.3 Describe the types of credit cards, charge cards and other cards available in Malaysia

6.4 Explain how to avoid the credit trap and default in loan repayment

Topic 7: Living Your Life

7.1 Initiate an awareness of the basic financial requirements in starting out in life

7.2 Describe the financial responsibilities of getting married

7.3 Convince the importance of retirement planning

Topic 8: Getting Out of Financial Trouble

8.1 Explain the importance of avoiding financial trouble

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