The document summarizes the key topics covered in an 8-week online course on managing personal finances. The course covered financial planning, income and taxation, budgeting, debt and interest, savings and investments, buying property, occupational pensions, and insurance. Some of the main points included determining financial goals and developing a financial plan, understanding income sources and tax obligations, creating a budget, defining different types of debt and interest, and reasons for purchasing different types of insurance.

2. MANAGING my money
SubmittedTo –
Mrs. DEEKSHATIWARI
Mooc Coordinator
Submitted By-
Gaurav palariya
BBA III
2050180

4.  Date of Starting-31st of August 2017
 Date of compeletion-12th of October,17
 Duration- 8 Weeks
 Website-Futurelearn.com

5. Director ofTheTrue
Potential Centre for the
Public Understanding of
Finance at Open
University Business
School
Martin Upton

6. The objective of this course is to
integrate the skills and knowledge
related to personal finance as to enjoy
financial freedom in life

7. WEEK 1:-FINANCIAL PLANNING-
WEEK 2 :- INCOME &TAXATION-
Week 3:- EXPENDITURE AND BUDGETING
Week4:- DEBT, INTEREST AND INFLATION

8. WEEK 5:- SAVINGS AND INVESTMENTS
WEEK 6 :- BUYING PROPERTY
Week 7:- OCCUPATIONAL PANSION
Week8:- BUYING INSURANCE
CONT…..

10.  Determine where you are financially
 Set goals
 Develoup a plan
 Monitor your process

11.  ONE SHOULD PAYTHETAXES
 INCOME ISTHE SUM OF ALLTHEWAGES
SALARIES ,PROFITS ,RENT EARNING
RECEIVED IN A GIVEN PERIOD OFTIME

12.  DECISION REGARDINGWHERETO
SPEND FUNDS SOTHAT MAXIMUM
OUTPUT CAN BE ACHIEVED
 YEARLYTHE BUDGETS ARE MADE

13. Debt arises when we borrow
money, and there are many forms
of borrowing – from credit card
debt to bank overdrafts, bank
loans, student loans (to finance
higher education) and mortgages
(to finance the purchase of
property or land).

14.  DEBT IS MONEY OWNED BY PARTYTHE
BORROWER OR DEBTORS
 INTREST IS PAYMENT FROM A BORROWER
OR DEPOSITTAKING FINANCIAL
INSTITUTION
 INFLATION ISTHE SUSTAINED PRICE LEVEL
OF GOODS AND SERVICES

15. Life course stage Motives for saving
Young, single Car, house
Young couple, no children House
Couple with dependent children Saving for children's future, retirement
Single with dependent children Saving for children's future, retirement
Older couple with nearly independent children Savings for childrens future, retirement
Older, single, no children Retirement
Older couple with independent children Retirement
Couple, retired Use savings for income, bequests
Single, retired Use savings for income, bequests

16. Once you’ve entered the property market,
moving home commonly involves both
buying a new property and selling your
existing one. In these circumstances you’ll
need to manage carefully the timing of the
exchange process – the formal agreement
to buy or to sell a property – to make sure
you don’t end up owning two properties
while desperately trying to sell one of
them

17. if you’re selling your home –
any profits you make by
selling for a higher price than
you paid when you bought it
are not subject to tax

18. A PENSION IS A FUND INTO WHICH A SUM OF
MONEY IS ADDED DURING AN EMPLOYEES
EMPLOYEMENT YEARS AND FROM WHICH
PAYMENTS ARE DRAWN TO SUPPORT THE
PERSON’S RETIREMENT FROM WORK IN
FORM OF PERIODIC PAYEMENTS

19. FOR PROTECTING FINANCIALLY
IT CAN BE IN A FORM OF :-
 HEALTH
 EDUACTION
 LIFE INSURANCE