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Your Money Matters

Financial Awareness: Money and Transactions

In this section you will become more aware of your personal financial situation and understand the importance of finances in the personal lifecycle. We will look at:

Consumption vs disposable income in different phases of life

How do you choose to spend money: needs vs wants, essential vs non-essential spending. The role of personal values

The meaning of “value for money”

Understand how to plan for medium and long-term financial needs

Importance of financial planning

The foreseen and unforeseen influences that have an impact on financial budgeting

Achieving Financial Awareness

Life Cycles

A personal life cycle attempts to summarise the key phases which all individuals go through during their lifetime matched with their changing financial needs.

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Learn more about life cycle
Learn more about life cycle
Learn more about life cycle

Needs, Wants and Aspirations

Needs are essential, ‘must-have’ items that everyone must have to survive, such as water, food and shelter. Needs are quite limited.

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Learn more about needs, wants and aspirations
Learn more about needs, wants and aspirations
Learn more about needs, wants and aspirations

Internal and External Factors

Internal factors are those that come from within people themselves. The key internal factor that affects someone’s choices is their own personal set of values, beliefs and attitudes.

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Learn more about Internal and External Factors
Learn more about Internal and External Factors
Learn more about Internal and External Factors

Money Value

Prior to making the decision of borrowing money, it is important to first decide not to buy the things that we want.

Learn more
Learn more about money value
Learn more about money value
Learn more about money value

Achieving Financial Awareness

Life Cycles

A personal life cycle attempts to summarise the key phases which all individuals go through during their lifetime matched with their changing financial needs.

Learn more
Learn more about life cycle
Learn more about life cycle
Learn more about life cycle

Needs, Wants and Aspirations

Needs are essential, ‘must-have’ items that everyone must have to survive, such as water, food and shelter. Needs are quite limited.

Learn more
Learn more about needs, wants and aspirations
Learn more about needs, wants and aspirations
Learn more about needs, wants and aspirations

Internal and External Factors

Internal factors are those that come from within people themselves. The key internal factor that affects someone’s choices is their own personal set of values, beliefs and attitudes.

Learn more
Learn more about Internal and External Factors
Learn more about Internal and External Factors
Learn more about Internal and External Factors

Money Value

Prior to making the decision of borrowing money, it is important to first decide not to buy the things that we want.

Learn more
Learn more about money value
Learn more about money value
Learn more about money value