Savings and investments are ways to help you reach your financial goals and needs. Getting started with your first budget may seem complicated, but this module will walk you through every step in the process.
The key to financial health is your ability to plan for your financial needs by allocating money monthly to the areas that you need to budget for, to track your spending, and to plan for your short- and long-term financial goals.
Good money management revolves around making choices: living within your means, saving for rainy days, managing your credit, and repaying monthly installments.
Credit opens up a world of possibilities and opportunities by providing access to big-ticket or high-cost items. The good news is that these situations in which loans spent on growing assets or securing your future are referred to as “good credit”.
Financial Wellness starts with understanding your own financial position, your behaviour towards money and your creditworthiness.