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Mastering Personal Finance

Facilitator:                      Dr. Donley Carrington

Guest Presenter:           Professor C. Justin Robinson

Modality:                        Fully online

Duration:                          July 13th to August 17th, 2022

TIME:                                Wednesdays at 6:00 p.m. to 8:00 p.m. AST

COST:                                  USD $175.00

Certificate:                       Certificate of Completion

Managing your money is essential for accumulating and maintaining wealth.

Learn how to master the fundamentals of creating a workable budget, managing debt, and accumulating savings and wealth.

OBJECTIVES:

  1. Explore the creation of financial space for wealth creation
  2. Provide participants with principles and practice tools to better manage their personal finances;
  3. Assist participants gain control over personal expenditures;
  4. Help participants gain control over credit card debt

METHODOLOGY:

  • Lectures;
  • Spreadsheet Exercises;
  • Online Investment and Personal Finance Game

TOPICS TO BE COVERED:

1

  • Personal and family budgeting;
  • Budgeting and Spending Strategies
  • Spending and Savings Plans;
  • Preparing for Spending Shocks;
  • Managing Bills;
  • Planning Long Term Purchases;
  • Home Budgeting Calculator;

2

  • Mortgages, Car Loans, Consumer Credit and Credit cards
  • Mortgages
  • Buying A Car
  • Using Credit
  • Good Debt vs. Bad Debt
  • Managing Debt
  • Debt Consolidation
  • Credit Scores and Credit Ratings
  • Credit Cards
  • Compound Interest Calculator
  • Credit Card Calculator
  • Car Loans Calculator
  • Mortgage Calculator
  • Lease vs Buy Calculator

3

  • Insurance
  • Types of Insurance
  • House Insurance
  • Renters Insurance
  • Mortgage Insurance
  • Life Insurance
  • Car Insurance
  • Health Insurance

4

  • Savings and Building Wealth
  • Pay Yourself First
  • What is Wealth
  • Building Wealth
  • Preparing for Retirement
  • Banks, Credit Unions, Building Societies, Meeting Turns and Mutual Funds
  • Investment Return Calculator
  • Saving to Be A Millionaire Calculator
  • Net Worth Calculator

5

  • Taxes and tax Filings

Meet your Facilitators 

Facilitator

Dr. Donley Carrington

Guest Presenter

Prof. Justin Robinson, a Professor of Corporate Finance,  is a national of St. Vincent and the Grenadines and currently serves as Pro. Vice Chancellor, Board For Undergraduate Studies, University of the West Indies (responsible for academic quality assurance across UWI).  He obtained his PhD in Finance from the University of Manchester, UK.  He also holds an MSc in Finance and Econometrics from Florida International University and a BSc in Management Studies (First Class Honours) from the University of the West Indies, Cave Hill Campus, Barbados.  Prof. Robinson’s research interests are Capital Markets in Developing Countries, Public Finance, Financial Risk Management and Corporate Finance In Developing Countries.  Prof. Robinson currently serves as a Director of the Central Bank of Barbados, and First Vice President of the Barbados Museum and Historical Society. 

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