Financial Literacy courses provide a grounding in personal finance to help young people (15 to 25 year olds) become financially independent and secure a safe financial future. They revolve around the basics of saving and investment with a focus on developing action plans toward achieving life goals. Subject areas include:
- Differentiating between salary, net income and disposable income
- Budgeting spending and incorporating saving and giving in financial planning
- Exploring the world of financial assets and financial liabilities
- Learning how to analyse and prioritise options
- Understanding the power of time and interest rates, both for assets and for liabilities
We will endeavour to book participants of broadly similar age on courses, but this may not always be possible. Look out for sessions specifically identified as Financial Literacy for Teens and Financial Basics for Kids.
Our most comprehensive course is a 20-session Financial Literacy series comprised of three learning modules in budgeting, savings & investment and the basics of business finance. It incorporates real-world homework and team exercises in a game context.
E-MONA Learning provides workshops and training in cooperation with other organisations to bring our courses to a wider audience. If you would like E-MONA Learning to provide Financial Literacy courses through your organisation or for a group of young people, please get in touch.
Personal Finance courses are about managing financial matters to secure a better financial future for you and your family. Our view is that it’s better to tackle financial matters early, certainly before they become an urgency and put you under pressure.
Maybe you’ve become a parent and want to start putting money aside for your child … Or you’ve just won the lottery and are wondering what to do with all that money … Or you’re worried you won’t have enough in retirement to maintain your lifestyle … Or you don’t want to admit to your IFA you don’t understand half the things she says you should do with your hard earned cash.
Whatever it is, these courses could be particularly useful to people, whose financial requirements have changed.
Personal Finance courses presume familiarity with basic financial products such as bank accounts, insurance and mortgages, as well as with concepts such as budgeting, retirement planning and taxation. Still, there are “building blocks” courses such as Savings, Debt and All that Jazz, which recap the basics and explore further. The best way to figure out if you have gaps in your knowledge is to start with our Personal Finance Pilot.
Personal Finance subject areas currently include:
- Taking control of spending and learning to balance daily living costs with achieving financial goals
- Understanding the concept of time value of money: the importance of your time horizon and regular savings (respectively debt repayments) in achieving ambitious targets
- Appreciating the importance of tax efficiency in maximising investment returns and exploring tax efficient products such as ISAs, EIS and VCT investments
- Investing for children
- Socially responsible and green investing
While there’s a benefit to discussing new concepts with a small group of like-minded course participants, we appreciate that time is precious. Over time courses will become available online. In the meantime, we are happy to arrange private courses at our company or for individuals. If that is of interest, please get in touch.
Small Business Finance courses are designed for young or newly minted entrepreneurs and the self-employed to help them manage their business and personal finances more efficiently. Subject areas include:
- practical approaches to record keeping for business and tax purposes
- setting and managing financial priorities, business planning and cash flow management
- key implications of different types of incorporation versus acting as sole trader
- managing personal finances when you are your own boss, with a particular focus on:
- selecting how to treat income, expenses, profit & loss
- balancing business investment versus savings & pensions
- tax efficiency
- using external finance and managing liabilities
E-MONA Learning will, on occasion, provide courses in cooperation with other organisations to bring our courses to a wider audience. If you are a business networking or development organisation, a local council, a job training or specialised course provider targeting the self-employed or entrepreneurs (creatives, trades, etc.) and would like to discuss add-on Small Business Finance courses to supplement your existing offering, please get in touch.
In March 2015, we started working with Ealing Mums in Business, a micro- and small business networking group and community event organiser, based in West London.
Following on from the success of our introductory Small Business Pilot course for Privileged Members, we now offer some of our Small Business Finance courses as part of their Workshop series. Click here to book upcoming events offered through Ealing Mums in Business.
Want to track your progress? Take our Financial Confidence Survey before attending a course (or courses). Repeat after the course(s). Notice any difference? Next steps?