Course Overview

This course provides an overview of the consumer and his/her need for informed personal financial decisions & judgments. Topics include: money management and planning, budgeting, tax planning credit and borrowing, saving and investment, housing, taxes, and retirement and estate planning.

Managing Personal Finances is mandatory in today’s world. It provides the means of keeping track of personal expenses, personal debt and subsequently helps the calculation of a person’s net worth financially. It is also a critical function in organizations. Successful leadership and management of others requires successful leadership and management of oneself. Personal Finance Management is therefore a critical function in self-management.

Learning Outcomes

On completion of the Personal Financial Management course, participants will be able to:

  1. Assess their current budget, improve current spending habits and develop a new budget
  2. Track their expenses and prioritize their expenses
  3. Implement the strategies need to stick to a budget
  4. Build their emergency fund
  5. Differentiate between good debt and bad debt
  6. Understand the role and importance of insurance
  7. Plan effectively for retirement
  8. Understand the importance of estate planning
  9. Understand the importance of investing and the steps needed to begin investing

Course Coverage

  • Budgeting
    • Examining an individual’s beliefs and stories about money and how it influences money problems
    • Determining one’s financial goals
    • What is budgeting
    • Types of Budget plans
    • The budgeting process
    • How to assess one’s current budget
    • Strategies for effective budgeting
    • Create a new budget
  • Savings
    • Importance of Saving and Building Wealth
    • Differentiate between checking accounts, savings account and mutual funds
    • Strategies to save
    • The role of banks, credit unions, mutual funds
    • Calculate net worth
    • Steps to build an emergency fund
  • Introduction To Investments
    • What are investments
    • Prerequisites to investments
    • Types of investments
    • Benefits and risks of investing
    • Steps to get started with investing
  • Debt and Credit
    • What is Debt and Credit
    • What are the 5 C’s of Credit
    • Types of Debt
    • Calculate Debt-Service Ratio
    • Understand Good Debt vs Bad Debt
    • How to manage credit cards
    • What is your credit report and credit score
    • How to manage debt
  • Retirement
    • How to prepare for retirement
    • The main challenge about retirement
    • Myths about retirement
    • Main sources of retirement income
  • Protection and estate planning
    • What is insurance
      • Types of insurance
      • Health Insurance
      • Car Insurance
      • Home insurance
    • Estate Planning
      • Wills and Testaments

Duration: 5 days


  • Kenyans: available on request.
  • USD 2000.