Syllabus Of PFM-

Week 1: Introduction to Personal Finance

  • Understanding the fundamentals of personal finance
  • Setting financial goals
  • The time value of money

Week 2: Budgeting and Money Management

  • Creating a personal budget
  • Tracking expenses
  • Strategies for effective money management

Week 3: Saving and Emergency Funds

  • The importance of saving
  • Types of savings accounts and investments
  • Building an emergency fund

Week 4: Investing Basics

  • Introduction to investing
  • Types of investments (stocks, bonds, mutual funds, etc.)
  • Risk and return in investing

Week 5: Debt Management

  • Managing and reducing debt
  • Credit cards and their responsible use
  • Understanding credit scores

Week 6: Retirement Planning

  • The basics of retirement planning
  • Employer-sponsored retirement plans (e.g., 401(k))
  • Individual retirement accounts (IRAs)

Week 7: Taxes and Insurance

  • Understanding the tax system
  • Strategies for minimizing taxes
  • Types of insurance (life, health, auto, home) and their importance

Week 8: Estate Planning and Wills

  • The basics of estate planning
  • Importance of wills and trusts
  • Inheritance and estate taxes

Week 9: Financial Products and Services

  • Evaluating financial institutions
  • Banking services and products
  • Investment and retirement account options