Financial Wellness: Personal Cash Flow Management

It can be daunting and overwhelming to manage money. Financial management involves the many approaches and economic principles you can use to plan, account for, organise and direct funds and assets to improve and achieve your financial goals. Personal cash flow management encompasses the management of your money, building your savings, investing your money and assets, budgeting and retirement planning. This course examines all these strategies. We will show you ways to achieve a healthy state of financial wellbeing and calculate the net cash leftover in a month. In addition, we compare the differences between cash and cash flow. You'll learn what the terms ‘passive income’, ‘cash inflow’ and ‘cash outflow’ mean and how financial assets affect your cash inflow.

Money is a commodity, sometimes seen as a liquid asset accepted by the general public as a medium of economic exchange for goods and services. Explore the functions and roles of money in the economy. When we face financial troubles, taking out a loan might be beneficial. While this may seem like the ideal way to get out of a financial mess, do you know that some loans might put you in even more trouble? This course will cover the concept of credit, borrowing and debt. You will realise what secured and unsecured borrowing entails and good and bad debts, and how to deal with them. Do you still fall victim to financial emergencies despite having a financial plan to deal with them? Financial crises can be stressful. Examine the strategies to employ to deal with them, prepare for emergencies and plan a budget.

Saving enough money to ensure a comfortable retirement during your working years is critical. To achieve a comfortable retirement, we teach you about taxes and investments. Discover practical retirement approaches and understand the importance of getting adequate insurance when managing your money. Finally, we demonstrate the relationship between health and financial wellbeing. We will show you how to work out your thoughts and patterns toward your capital. This course is designed and structured for those wishing to improve their finances and cash flow. Do you want to know how to manage your personal cash flow and achieve financial success? Enrol and start this course today.