Personal Finance Basics

Upon completing this challenge, the learner should be able to:

1. Understand their money mindset and money behaviours.

2.Develop a personal budget and savings plan.

3.Make wise spending decisions.

4.Evaluate basic investment and superannuation information.

5.Understand employment payslips and what to look for in an employment contract.

6. Create an action plan for their financial future.

Understand the factors that influence financial decision-making for an individual.
Develop a personal budget and savings plan.
Compare the benefits and costs of various spending decisions.
Evaluate basic investment information and compare alternatives.
Understand your payslip and other forms of income, including from self-employment.
Understand how superannuation works.
Explore how various financial decisions contribute to personal wealth and apply to self.
Understand how to protect against financial loss and what happens to your assets when you die.