{"id":20779,"date":"2022-02-07T09:29:00","date_gmt":"2022-02-07T09:29:00","guid":{"rendered":"https:\/\/mymoneymastery.com.au\/?post_type=cpt_services&#038;p=20779"},"modified":"2023-12-21T09:29:18","modified_gmt":"2023-12-21T09:29:18","slug":"module-breakdown","status":"publish","type":"cpt_services","link":"https:\/\/mymoneymastery.com.au\/services\/module-breakdown\/","title":{"rendered":"Module Breakdown"},"content":{"rendered":"\n<p>The course is broken down into six detailed modules, each focusing on a different aspect of financial management:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"sed-ut-perspiciatis-unde-omnis-iste-natus-et\">Financial Fundamentals Course Structure<\/h3>\n\n\n\n<h4 class=\"wp-block-heading\">Module 1: Introduction to Personal Finance<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Topic 1.1: Understanding Personal Finance<\/li>\n\n\n\n<li>Topic 1.2: Importance of Financial Planning<\/li>\n\n\n\n<li>Topic 1.3: Setting Financial Goals<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Module 2: Income and Expenses<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Topic 2.1: Understanding Income<\/li>\n\n\n\n<li>Topic 2.2: Types of Income<\/li>\n\n\n\n<li>Topic 2.3: Understanding Expenses<\/li>\n\n\n\n<li>Topic 2.4: Types of Expenses<\/li>\n\n\n\n<li>Topic 2.5: Managing Income and Expenses<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Module 3: Assets and Liabilities<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Topic 3.1: Understanding Assets<\/li>\n\n\n\n<li>Topic 3.2: Types of Assets<\/li>\n\n\n\n<li>Topic 3.3: Understanding Liabilities<\/li>\n\n\n\n<li>Topic 3.4: Types of Liabilities<\/li>\n\n\n\n<li>Topic 3.5: Balancing Assets and Liabilities<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Module 4: Interpreting Financial Statements<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Topic 4.1: Introduction to Financial Statements<\/li>\n\n\n\n<li>Topic 4.2: Components of Financial Statements<\/li>\n\n\n\n<li>Topic 4.3: Reading and Interpreting Balance Sheets<\/li>\n\n\n\n<li>Topic 4.4: Reading and Interpreting Income Statements<\/li>\n\n\n\n<li>Topic 4.5: Reading and Interpreting Cash Flow Statements<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Module 5: Financial Planning<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Topic 5.1: The Importance of Financial Planning<\/li>\n\n\n\n<li>Topic 5.2: Steps in Financial Planning<\/li>\n\n\n\n<li>Topic 5.3: Creating a Personal Financial Plan<\/li>\n\n\n\n<li>Topic 5.4: Reviewing and Adjusting Your Financial Plan<\/li>\n<\/ul>\n\n\n\n<p>Throughout the course, each module will include practical exercises, real-world examples, and quizzes to test your understanding and apply what you&#8217;ve learned. By the end of this course, you should have a fundamental understanding of personal finance and be able to create and manage your financial plan effectively.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer extra_tiny_spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"683\" data-id=\"17694\" src=\"https:\/\/mymoneymastery.com.au\/wp-content\/uploads\/2020\/04\/image-3-1024x683.jpg\" alt=\"\" class=\"wp-image-17694\" srcset=\"https:\/\/mymoneymastery.com.au\/wp-content\/uploads\/2020\/04\/image-3-1024x683.jpg 1024w, https:\/\/mymoneymastery.com.au\/wp-content\/uploads\/2020\/04\/image-3-600x400.jpg 600w, https:\/\/mymoneymastery.com.au\/wp-content\/uploads\/2020\/04\/image-3-300x200.jpg 300w, https:\/\/mymoneymastery.com.au\/wp-content\/uploads\/2020\/04\/image-3-768x512.jpg 768w, https:\/\/mymoneymastery.com.au\/wp-content\/uploads\/2020\/04\/image-3-1536x1024.jpg 1536w, https:\/\/mymoneymastery.com.au\/wp-content\/uploads\/2020\/04\/image-3-370x247.jpg 370w, https:\/\/mymoneymastery.com.au\/wp-content\/uploads\/2020\/04\/image-3-840x560.jpg 840w, https:\/\/mymoneymastery.com.au\/wp-content\/uploads\/2020\/04\/image-3-410x273.jpg 410w, https:\/\/mymoneymastery.com.au\/wp-content\/uploads\/2020\/04\/image-3.jpg 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"683\" data-id=\"17707\" src=\"https:\/\/mymoneymastery.com.au\/wp-content\/uploads\/2020\/04\/image-6-1024x683.jpg\" alt=\"\" class=\"wp-image-17707\" srcset=\"https:\/\/mymoneymastery.com.au\/wp-content\/uploads\/2020\/04\/image-6-1024x683.jpg 1024w, https:\/\/mymoneymastery.com.au\/wp-content\/uploads\/2020\/04\/image-6-600x400.jpg 600w, https:\/\/mymoneymastery.com.au\/wp-content\/uploads\/2020\/04\/image-6-300x200.jpg 300w, https:\/\/mymoneymastery.com.au\/wp-content\/uploads\/2020\/04\/image-6-768x512.jpg 768w, https:\/\/mymoneymastery.com.au\/wp-content\/uploads\/2020\/04\/image-6-1536x1024.jpg 1536w, https:\/\/mymoneymastery.com.au\/wp-content\/uploads\/2020\/04\/image-6-370x247.jpg 370w, https:\/\/mymoneymastery.com.au\/wp-content\/uploads\/2020\/04\/image-6-840x560.jpg 840w, https:\/\/mymoneymastery.com.au\/wp-content\/uploads\/2020\/04\/image-6-410x273.jpg 410w, https:\/\/mymoneymastery.com.au\/wp-content\/uploads\/2020\/04\/image-6.jpg 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer extra_tiny_spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"aliquam-quis-lobortis-quam\">Budgeting and Saving Course Structure<\/h3>\n\n\n\n<h4 class=\"wp-block-heading\">Module 1: Introduction to Budgeting<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Topic 1.1: Understanding the Importance of Budgeting<\/li>\n\n\n\n<li>Topic 1.2: The Role of a Budget in Financial Planning<\/li>\n\n\n\n<li>Topic 1.3: Different Types of Budgets<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Module 2: Creating a Budget<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Topic 2.1: Identifying Income and Expenses<\/li>\n\n\n\n<li>Topic 2.2: Setting Up Your Budget Categories<\/li>\n\n\n\n<li>Topic 2.3: Allocating Funds to Each Category<\/li>\n\n\n\n<li>Topic 2.4: Creating a Monthly Budget<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Module 3: Managing a Budget<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Topic 3.1: Tracking Your Spending<\/li>\n\n\n\n<li>Topic 3.2: Reviewing and Adjusting Your Budget<\/li>\n\n\n\n<li>Topic 3.3: Overcoming Common Budgeting Challenges<\/li>\n\n\n\n<li>Topic 3.4: Using Budgeting Tools and Apps<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Module 4: Setting Financial Goals<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Topic 4.1: Understanding the Importance of Financial Goals<\/li>\n\n\n\n<li>Topic 4.2: Differentiating Short-Term, Mid-Term, and Long-Term Goals<\/li>\n\n\n\n<li>Topic 4.3: Setting SMART Financial Goals<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Module 5: Saving Strategically<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Topic 5.1: The Importance of Saving<\/li>\n\n\n\n<li>Topic 5.2: Different Types of Savings Accounts<\/li>\n\n\n\n<li>Topic 5.3: Strategies for Effective Saving<\/li>\n\n\n\n<li>Topic 5.4: Saving for Your Financial Goals<\/li>\n<\/ul>\n\n\n\n<p>Throughout this course, each topic will be supplemented with practical exercises, real-life examples, and quizzes to ensure a thorough understanding of the subject matter. By the end of this module, you should be able to create a budget, manage it effectively, set realistic financial goals, and save strategically towards achieving those goals.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer tiny_spacer\"><\/div>\n\n\n<div class=\"widget_area sc_widget_video\"><aside class=\"widget widget_video\"><div id=\"sc_video_458969596\" class=\"trx_addons_video_player with_cover hover_play\"><img decoding=\"async\" src=\"https:\/\/mymoneymastery.com.au\/wp-content\/uploads\/2020\/04\/image-32-840x473.jpg\" alt=\"Video cover\" width=\"840\" height=\"473\"><div class=\"video_mask\"><\/div><div class=\"video_hover\" data-video=\"&lt;iframe allow=&quot;autoplay&quot; src=&quot;https:\/\/www.youtube.com\/embed\/bJTZbfq7amQ?feature=oembed&amp;%23038%3Bwmode=transparent&amp;%23038%3Borigin=https%3A%2F%2Fmymoneymastery.com.au&amp;%23038%3Bwidgetid=1&amp;%23038%3Benablejsapi=1&amp;%23038%3Bdisablekb=1&amp;%23038%3Bmodestbranding=1&amp;%23038%3Biv_load_policy=3&amp;%23038%3Brel=0&amp;%23038%3Bshowinfo=0&amp;%23038%3Bplaysinline=1&amp;autoplay=1&quot; width=&quot;840&quot; height=&quot;473&quot;&gt;&lt;\/iframe&gt;\"><\/div><div class=\"video_embed video_frame\"><\/div><\/div><\/aside><\/div>\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer small_spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Debt Management Course Structure<\/h3>\n\n\n\n<h4 class=\"wp-block-heading\">Module 1: Understanding Debt<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Topic 1.1: What is Debt?<\/li>\n\n\n\n<li>Topic 1.2: The Role of Debt in Personal Finance<\/li>\n\n\n\n<li>Topic 1.3: Different Types of Debt (e.g., Credit Card, Mortgage, Student Loan)<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Module 2: Managing Debt<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Topic 2.1: Strategies for Managing Existing Debt<\/li>\n\n\n\n<li>Topic 2.2: Debt Repayment Methods (Snowball vs Avalanche)<\/li>\n\n\n\n<li>Topic 2.3: Debt Consolidation and Refinancing Options<\/li>\n\n\n\n<li>Topic 2.4: How to Deal with Debt Collectors<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Module 3: Reducing Debt<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Topic 3.1: Creating a Debt Reduction Plan<\/li>\n\n\n\n<li>Topic 3.2: Setting Realistic Debt Reduction Goals<\/li>\n\n\n\n<li>Topic 3.3: Tips for Reducing Debt Faster<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Module 4: Understanding Credit Scores<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Topic 4.1: What is a Credit Score?<\/li>\n\n\n\n<li>Topic 4.2: Factors That Influence Your Credit Score<\/li>\n\n\n\n<li>Topic 4.3: How to Check Your Credit Score<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Module 5: Improving Your Credit Health<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Topic 5.1: The Impact of Debt on Your Credit Health<\/li>\n\n\n\n<li>Topic 5.2: Strategies for Improving Your Credit Score<\/li>\n\n\n\n<li>Topic 5.3: Maintaining Good Credit Health<\/li>\n<\/ul>\n\n\n\n<p>Each module in this course will be supplemented with practical exercises, illustrative examples, and quizzes that ensure an in-depth understanding of the topic. By the end of this course, you should be able to understand the nature and types of debt, manage and reduce your debt, comprehend the concept of credit scores, and know how to improve and maintain your credit health.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Investing Basics Course Structure<\/h3>\n\n\n\n<h4 class=\"wp-block-heading\">Module 1: Introduction to Investing<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Topic 1.1: Understanding the Importance of Investing<\/li>\n\n\n\n<li>Topic 1.2: The Role of Investing in Wealth Creation<\/li>\n\n\n\n<li>Topic 1.3: Different Types of Investments<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Module 2: Stocks and Bonds<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Topic 2.1: Basics of Stocks<\/li>\n\n\n\n<li>Topic 2.2: How to Invest in Stocks<\/li>\n\n\n\n<li>Topic 2.3: Basics of Bonds<\/li>\n\n\n\n<li>Topic 2.4: How to Invest in Bonds<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Module 3: Real Estate and Mutual Funds<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Topic 3.1: Introduction to Real Estate Investing<\/li>\n\n\n\n<li>Topic 3.2: Pros and Cons of Real Estate Investing<\/li>\n\n\n\n<li>Topic 3.3: Understanding Mutual Funds<\/li>\n\n\n\n<li>Topic 3.4: How to Invest in Mutual Funds<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Module 4: Understanding Risk and Return<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Topic 4.1: The Concept of Risk in Investing<\/li>\n\n\n\n<li>Topic 4.2: Understanding Investment Returns<\/li>\n\n\n\n<li>Topic 4.3: The Risk-Return Tradeoff<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Module 5: Diversification and Investment Strategies<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Topic 5.1: The Importance of Diversification<\/li>\n\n\n\n<li>Topic 5.2: How to Diversify Your Investment Portfolio<\/li>\n\n\n\n<li>Topic 5.3: Choosing the Right Investment Strategy for Your Situation<\/li>\n<\/ul>\n\n\n\n<p>Throughout this course, each topic will be supplemented with practical exercises, real-life examples, and quizzes to ensure a thorough understanding of the subject matter. By the end of this module, you should be able to understand the basics of investing, explore various investment options, understand risk and return, and choose the right investment strategy for your situation.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Superannuation and Retirement Planning Course Structure<\/h3>\n\n\n\n<h4 class=\"wp-block-heading\">Module 1: Introduction to Superannuation<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Topic 1.1: Understanding Superannuation<\/li>\n\n\n\n<li>Topic 1.2: The Role of Superannuation in Australia&#8217;s Economy<\/li>\n\n\n\n<li>Topic 1.3: Superannuation vs Other Investment Options<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Module 2: Australia&#8217;s Superannuation System<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Topic 2.1: Overview of Australia&#8217;s Superannuation System<\/li>\n\n\n\n<li>Topic 2.2: Understanding the Super Guarantee<\/li>\n\n\n\n<li>Topic 2.3: Types of Super Funds (Industry, Retail, Self-Managed)<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Module 3: Maximising Super Contributions<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Topic 3.1: How to Make Super Contributions<\/li>\n\n\n\n<li>Topic 3.2: Contribution Limits and Tax Implications<\/li>\n\n\n\n<li>Topic 3.3: Strategies for Maximising Your Super Contributions<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Module 4: Planning for Retirement<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Topic 4.1: Setting Retirement Goals<\/li>\n\n\n\n<li>Topic 4.2: How Much Super You Need for Retirement<\/li>\n\n\n\n<li>Topic 4.3: Transitioning to Retirement<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Module 5: Managing Your Super in Retirement<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Topic 5.1: Accessing Your Super in Retirement<\/li>\n\n\n\n<li>Topic 5.2: Pension Options for Retirees<\/li>\n\n\n\n<li>Topic 5.3: Estate Planning and Superannuation<\/li>\n<\/ul>\n\n\n\n<p>Each module will be supplemented with practical exercises, case studies, and quizzes to ensure a comprehensive understanding of the subject. By the end of this course, you should have a solid understanding of Australia&#8217;s superannuation system, how to maximise your super contributions, and how to plan effectively for a financially secure retirement.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Insurance and Risk Management Course Structure<\/h3>\n\n\n\n<h4 class=\"wp-block-heading\">Module 1: Introduction to Insurance and Risk Management<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Topic 1.1: The Importance of Insurance<\/li>\n\n\n\n<li>Topic 1.2: Understanding Risk Management<\/li>\n\n\n\n<li>Topic 1.3: The Role of Insurance in Risk Management<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Module 2: Types of Insurance<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Topic 2.1: Life Insurance<\/li>\n\n\n\n<li>Topic 2.2: Health Insurance<\/li>\n\n\n\n<li>Topic 2.3: Home and Property Insurance<\/li>\n\n\n\n<li>Topic 2.4: Car Insurance<\/li>\n\n\n\n<li>Topic 2.5: Disability Insurance<\/li>\n\n\n\n<li>Topic 2.6: Liability Insurance<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Module 3: Choosing the Right Insurance Coverage<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Topic 3.1: Assessing Your Insurance Needs<\/li>\n\n\n\n<li>Topic 3.2: Comparing Insurance Policies and Providers<\/li>\n\n\n\n<li>Topic 3.3: Understanding Policy Terms and Conditions<\/li>\n\n\n\n<li>Topic 3.4: Making an Informed Decision<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Module 4: Managing Insurance Policies<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Topic 4.1: Renewing and Updating Insurance Policies<\/li>\n\n\n\n<li>Topic 4.2: Filing Insurance Claims<\/li>\n\n\n\n<li>Topic 4.3: Dealing with Insurance Disputes<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Module 5: Insurance as a Part of Financial Planning<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Topic 5.1: Integrating Insurance into Your Financial Plan<\/li>\n\n\n\n<li>Topic 5.2: Role of Insurance in Estate Planning<\/li>\n\n\n\n<li>Topic 5.3: Insurance and Tax Considerations<\/li>\n<\/ul>\n\n\n\n<p>Each topic will be complemented with real-life examples, case studies, and quizzes to ensure a comprehensive understanding of insurance and risk management. By the end of this course, you should be able to understand the role of insurance in protecting your financial future, identify different types of insurance policies, and choose the right coverage for your needs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Consectetur adipiscing<\/p>\n","protected":false},"author":4,"featured_media":18963,"comment_status":"closed","ping_status":"closed","template":"","cpt_services_group":[36],"class_list":["post-20779","cpt_services","type-cpt_services","status-publish","has-post-thumbnail","hentry","cpt_services_group-services"],"_links":{"self":[{"href":"https:\/\/mymoneymastery.com.au\/wp-json\/wp\/v2\/cpt_services\/20779"}],"collection":[{"href":"https:\/\/mymoneymastery.com.au\/wp-json\/wp\/v2\/cpt_services"}],"about":[{"href":"https:\/\/mymoneymastery.com.au\/wp-json\/wp\/v2\/types\/cpt_services"}],"author":[{"embeddable":true,"href":"https:\/\/mymoneymastery.com.au\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/mymoneymastery.com.au\/wp-json\/wp\/v2\/comments?post=20779"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mymoneymastery.com.au\/wp-json\/wp\/v2\/media\/18963"}],"wp:attachment":[{"href":"https:\/\/mymoneymastery.com.au\/wp-json\/wp\/v2\/media?parent=20779"}],"wp:term":[{"taxonomy":"cpt_services_group","embeddable":true,"href":"https:\/\/mymoneymastery.com.au\/wp-json\/wp\/v2\/cpt_services_group?post=20779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}