Personal debt management course is aim at equipping participants on how to avoid or manage debt and how to use debt for personal wealth creation and investment best undertaken after attending a personal finance course. Poor personal finance management can lead to bad or cumulative debt. Hence this course combines elements of Personal Finance management that introduces participants to the fundamentals of personal finance, which include budgeting, credit and lending processes, maintaining accounts, evaluating investments, managing financial risk, computing taxes, and analyzing the basic elements of finance.

Training Methodology

The training combines a lecture theater approach, interactive sessions. The courses can be run as in-house, public theatre delivery or through online trainings or on a one-to-one basis. This course requires pre liquisites; basic knowledge in money management and provides an overview of debt and credit management by explaining concepts in a user-friendly language, avoiding mathematics and using simple illustrations and country examples.

Impact to the Organization

The training equips participants who are employees of an organization to manage their personal finance, minimize level of indebtedness, provide peace of mind to employees in order to contribute meaningfully towards their work endeavors and own or manage their personal finance by postponing consumption and creating wealth, investments and comfortable livelihood.

Impact to the Individual

The participant will gain expertise in;

• Effective assessment, management personal debt, credit risk and risk rating
• Being accountable, honest with income status and spending
• Understanding the key finance management; income, spending, saving, investing, and protection.
• Understanding how lenders conform to the 5 Cs in lending —Capacity, Capital, Collateral, Conditions and Character in credit management practice.
• Designing, establishing or understanding your own personal debt/finance management; personal incomes, budgets, home and consumer financing, insurance of personal assets, personal investing and retirement planning

Who can Attend or Should Apply?

Anyone who wish to; be relieved from Indebtedness, gain more control and clarity of debt management, manage their personal finances (understanding where your money goes each month, to taking direct action to pay off debt and save for short-term and long-term goals).