Managing Your Money

Comprehensive Money Management Course in Australia

Managing your personal finances efficiently is a learned skill that will benefit you in the years to come. However, we aren’t always taught these skills in school or from our parents. Our money management course in Australia is designed to plug some of the gaps in your knowledge, to help you build a stronger foundation for taking control of your own financial future.

Budgeting tips

Do you have control over your money, or does your money have control over you? Having a budget is about getting a realistic idea of what you spend, and making some changes for the better. This module explains some good money habits to help you get your budget back on track, and will teach you:

  • How to create a budget
  • The importance of managing bills and direct debits
  • How shopping addictions and online shopping habits can affect your finances
  • Some money-wasters to be aware of

Building good money habits, through our money management education in Australia

Money management is a core life skill, and how you manage your money today could affect your lifestyle and opportunities for years to come. This module encourages you to consider your current financial situation, and some of the possible opportunities you can create when you’re good with your money.

  • Discover how to take control and stay on top of your finances
  • Learn how to create a money diary
  • Understand the importance of developing a personal budget
  • Learn how to create a budget that works for you and your situation
  • Learn how to check your current financial position

Establishing goals

Planning and setting goals are an important part of good money management. When you’re setting goals, make sure they’re SMART goals (specific, measurable, achievable, realistic and time-bound). This module will help you to set SMART goals by covering:

  • How to identify your investment goals
  • The importance of setting realistic goals that work with your investment timeframes
  • The differences between short, medium and long-term goals
  • How to find and use the services of a financial adviser
  • How to help identify your risk profile

Financial planning

Good financial advice is about providing the information that will assist you in making the right choices for your individual needs and circumstances. This module provides general information about financial advice and how it could help you make confident and informed financial decisions. The financial planning module covers:

  • The potential benefits of financial planning
  • The four-step financial planning process
  • What makes a good financial plan?
  • Preparing for your meeting with a financial planner
  • Different types of advice and how to find a financial adviser to suit you

Saving for your goals

We all have dreams, but we need to set goals and have a plan to make these dreams a reality; of course, sometimes it feels like it’s all easier said than done. As an integral part of our money management course in Australia, this module gives you the low-down on how to save for your goals to help make those dreams come true. It covers:

  • How to stay in control by tracking your spending
  • Some tips for reducing your spending
  • How to balance saving with your social life
  • Great online tools to help you budget and save

Money management education for minimising bank fees in Australia

Bank fees cost Australian households billions of dollars every year, but are they really fair? With some careful planning and a few small changes, you could save money in the long run. This module highlights some common banking fees and charges, and looks at some ways to reduce your costs, including:

  • The typical bank fees and charges
  • Fee disclosure for banking products
  • What’s fair when it comes to fees
  • Using your account wisely to help you save on fees
  • Making sure features are the same when comparing products
  • Shopping around for the best banking products

Spending and saving

Spending and saving are both important components of your money management. We’re constantly tempted to buy things we can’t afford, but when you’re trying to save, you need to be able to identify the difference between what you need and what you want. This module highlights the basics of spending and saving wisely, including:

  • The differences between needs and wants
  • How to find where you could cut back on non-essential spending
  • Some tips to help you spend wisely
  • The importance of understanding your own financial style
  • The different types of savings accounts to help you with your savings plan

Tax tips for your money management education in Australia

It stings when your hard-earned cash goes off to the tax office. However, there are plenty of legal ways to reduce the amount of tax you pay. And each dollar you save on tax is a dollar that can go towards your financial goals. This module outlines some top tips to keep more money in your pocket and less in the tax man’s! Learn about:

  • The tax-free threshold
  • Taxable income and income tax rates
  • The tax benefits of super contributions
  • Possible tax deductions for work-related expenses

Enjoy healthy financial wellbeing, with our carefully curated money management courses in Australia

Money management education is crucial for Australians to develop good money habits and gain financial independence. Our comprehensive courses are divided into self-paced bite-sized chunks (each module takes approximately 10 to 15 minutes) to cover everything you need to know about managing your money in a way that’s efficient and sustainable.

Whether you’re looking to equip your employees with the skills to achieve financial wellbeing, offer your clients or customers valuable money management resources or incorporate financial knowledge into your school’s curriculum or resources for young people, Money101 has the ideal solution.

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