Description
This topic was designed for students and professionals who wish to learn about the fundamental concepts on some of the aspects of financial literacy, specifically about budgeting, spending, and debts. Prior to the discussion proper, learners are encouraged to take the financial literacy quiz in order to assess their individual financial literacy levels and compare the overall results to the existing literature. Also, in order for the learners to have a grasp of some basic concepts of financial literacy itself, preliminary topics were included to give the learners an overview of the financial literacy landscape from the international, national, and even to the local contexts. The subtopics included also explore the various theoretical concepts and practical applications of financial literacy to our daily lives.
Topic Outline
Topic 1: Budgeting: What, Why, and How
1.1 WHAT is a budget?
1.2 Brief History
1.3 WHY should we make a budget?
1.4 HOW to Make a Budget?
1.5 Some helpful tools/apps to make and track your budget
Topic 2: Types of Spending Patterns and Expenses
2.1 Spending Behavior and Patterns
2.2 How does consumer spends?
2.3 Types of Consumer Buying Behavior
2.4 General Categories of Costs
Topic 3: Types of Debts
3.1 Debt
3.2 “Good” debt vs “Bad” debt
Topic 4: Basics of Borrowing and Debt Management
4.1 Borrowing and Debt Management
4.2 Debt Management
4.3 Helpful Tips in Managing Debts
References:
Book:
1. Cagan, M. (2018). Budgeting 101: From Getting Out of Debt and Tracking Expenses to Setting Financial Goals and Building Your Savings, Your Essential Guide to Budgeting. Adams Media
Others (Web/Online):
1. Bell, A. (2024). How to Budget Money: Your Step-by-Step Guide. Retrieved from
https://www.investopedia.com/financial-edge/1109/6-reasons-why-you-need-a-budget.aspx
2. Congressional Policy and Budget Research Department - House of Representatives (2022). Facts in Figures. Retrieved from https://econgress.gov.ph/wp-content/uploads/publications/FF2022-71%20Consumption%20
Patterns%20Among%20Fil%20Households,%202021.pdf
3. Fernando, J. (2024). Financial Literacy: What is it and Why is it so Important to teach teens. Retrieved from https://www.investopedia.com/terms/f/financial-literacy.asp
4. Investopedia Team (2024). What Are the Main Types of Debt? Retrieved from
https://www.investopedia.com/ask/answers/110614/what-are-main-categories-debt.asp
5. Khan Academy (n.d.). Financial Literacy. Retrieved from
https://www.khanacademy.org/college-careers-more/financial-literacy
6. Metrobank (n.d.). Why financial literacy should be taught in schools. Retrieved from
https://www.metrobank.com.ph/articles/learn/what-is-financial-literacy
7. National Financial Educators Council (n.d.). Financial Literacy Definition. Retrieved from
https://www.financialeducatorscouncil.org/financial-literacy-definition/
8. Principles of Marketing. Openstax. Retrieved from https://openstax.org/books/principles-marketing/pages/3-1-understanding-consumer-markets-and-buying-behavior
9. Smith, L. (2024). Debt Management Guide. Retrieved from
https://www.investopedia.com/articles/pf/12/good-debt-bad-debt.asp
Other Resources:
Copy of Presentation (PDF format)
Do you want to further enrich your learning? You may also enroll in the Google Classroom of this course to assess your progress and learning AT NO COST. Feel free to e-mail me!
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