Finance Management

Overview

One of the major concerns for employees is their Financial Planning. They need to manage their expenses within the income and have good financial discipline. They need to plan in advance for the education and manage their children. They have to save for a rainy day (unexpected financial problems). They need to invest wisely and also plan for their retirement, well in advance. They also have to plan their taxes, insurances and other finance related activities.

This Training Programme has been exclusively customized to educate and sensitize the employees on these very important aspects enabling them to manage their finances very effectively and wisely. The Training Programme will be very informative and useful to the participants.

Course Contents:

A. Importance of Financial Planning:

Managing the expenses effectively through proper financial planning
Improving the overall Financial well – being at every stage of life
Risk management tools for the family’s financial safety
Ensuring better standard of living and sustaining good lifestyle
Leading a stress-free and peaceful life from the finance perspective

B. Consequences of not planning the finances:

Serious mental worries affecting the peace of mind
Not achieving the financial goals
Affecting the children’s education and other events
Getting into a vicious cycle of debts and financial difficulties which may affect the cordial family life and the relationship among family members

C. Developing saving habits:

Saving in the right and safe financial instruments
Saving for establishing safety net for a rainy day(unexpected financial problems)
Proper asset allocation and liquidity
Not getting tempted by unregistered chits and fraudulents ; Avoiding borrowing money from lenders unreasonably(at high interest rates)

D. Tax planning:

E. Financial Discipline:

Ensuring monthly savings ; Managing the expenses after keeping aside the savings
Writing the Income and Expenses statement on a weekly basis and review the same regularly
Setting the priorities right to maintain a healthy and meaningful life without undue provocation to buy materialistic items
Having competent financial advisor for the family
Avoiding the greed to earn more money by lending money to get more interest rates

F. Planning children’s education and marriage:

Planning for education of children which has, now-a-days, become very expensive
Choosing the right financial scheme meant for children
Starting early ; Getting the best results by planning when the child is less than year’s age
Nominating the right family member