
Explore personal finance fundamentals, including why it matters, financial statements, income tax management, risk and investment basics, mutual funds, and a practical plan of action across eight units.
Understand what personal finance really means beyond daily expenses, including financial position, future goals, longer lifespans, borrowing, and self-reliance.
Explore cash management to handle ongoing and future expenses, maintain liquidity, and build wealth through smart budgeting, record-keeping, and tax planning. Learn risk management: avoid, retain, reduce, or transfer risk.
Understand the time value of money and the power of compounding, illustrated with a 1000 rupee investment at 50% over 20 years, and learn present and future value calculations.
Track your inflow and outflow to manage personal finances. Identify money sources, monitor expenditures, and follow a data-driven planning cycle with apps for monthly reviews.
Learn how to manage and save tax by understanding India's progressive tax structure, tax slabs, and how investment decisions affect taxable income and overall tax liability.
Evaluate life insurance needs with two methods: a rule-of-thumb around 59% of income, and a human life value approach using present value of future earnings minus assets and liabilities.
Explore how mutual funds work through a four-step process: investors entrust funds to managers who invest in securities, money market funds, or debt instruments to earn returns.
Set concrete financial goals using smart criteria, listing three to five targets with long-, medium-, and short-term horizons, and align them with equity and debt funds.
Apply the 120-age principle to balance your portfolio by shifting from equity to debt as you age and review every six months.
This course was created to help those looking to better understand and take control of their finances! This course will guide you through a basic understanding of personal finances that will place you on the right path to achieving financial freedom. Avoid getting yourself into a financial disaster by applying the principles that you learn in this course.