Money Management for Beginners

Money Management for Beginners
Published 4/2025
Duration: 3h 46m | .MP4 1280×720, 30 fps(r) | AAC, 44100 Hz, 2ch | 1.37 GB

An intuitive way to get a complete view and control of your finances

What you’ll learn
– Making informed financial decisions by
– – Tracking Expenses
– – Formulating Budgets
– – Understanding Financial Activities
– – Defining Needs and Goals
– – Developing Plans to meet your Needs and Goals
– – Incorporating Needs and Goals into Budgets and Expense Tracking
– – Understanding, Choosing and Tracking Investment Options
– – Taking Corrective Actions
– – Linking all of these in a sensible and intuitive way without confusing financial jargon

Requirements
– Basic understanding of Microsoft Excel or a similar spreadsheet program
– Basic understanding of Microsoft PowerPoint or a similar program

Description
Welcome to the first ever Udemy course on the topic of Money Management!

There are roughly 200 courses here in Udemy whose primary topic is personal finance. These courses cover a wide range of topics, from everyday budgeting and small savings habits to complex investment strategies and estate planning. While one course focuses on saving, protecting and making money, another covers budgeting, saving and investing, retirement planning, insurance, and tax planning, and one more provides tools and knowledge on how to grow income, reduce debt, budget effectively and invest wisely.

We Understand our Money in our Own Way

These topics are quite important, but perhaps many of us don’t quite think about our money this way at the outset. For instance, if you are an employee who depends on a salary, it means you receive money – say at the beginning of the month – you will spend some of it, save some of it and perhaps invest some of it. While you try to keep track of your money, you may really not know where your money goes!

This was the situation for my wife and I many years ago before we embarked on money management. We gradually realized that becausewe understand our money in our own way, we needed something that helped us manage our money in our own way!

Getting the Big Picture

Once you get an overall picture and a bit of structure around managing money, you will see how much easier it is to holistically track your money flow, because you intuitively can understand topics like expense tracking, budgeting, saving, investing, retirement planning, insurance, and several other topics, and how they fit together in the big picture.

What you’ll Learn

It then talks about the kinds offinancial activities you do on a daily basis, and why it is important to achieve a certain level of familiarity with tracking these activities to understand better how your money flows.

All these can help you makeinformed financial decisions.

Examining the Needs for Different Personas

Wealth Advisors

The course lastly talks aboutwealth advisorsbriefly, the way they view your money (notthe same as how you view your money) and how they work with you, how they can play a role in your financial plans and provides some pointers on how you can avail their services. Most importantly, how you can retain control because you understand the big picture.

Take away

The way you view your money, and how someone else views your money is not the same.By taking this course, you will realize that you must take the trouble to understand your money because your money is unique to you.

Once you get a holistic picture, you can engage a wealth advisor or can take any specialized personal finance course that you need, use any app and yet retain control since understand your money better and because you have an intuitive reference point.

Thank you for considering this course!

*** Note ***

Much of the content is general, but some specific content in this course considers the financial setup in India. Similar setups exist across the world; it is a matter of a little bit of copilot / ChatGPT or googling to get specifics for your country.

About Us

My wife and I are very passionate about finance, and on the side, the hobby that we have nurtured over the years is to gain an understanding of how money flows through our family by virtue of our spending, saving and investing habits. We would like to share our experiences and method so that people can make informed financial decisions.

Who this course is for:
– It is for anyone who is willing to spend some time and effort on tracking their money.
– For those who want to gain some more control and understanding of their money inflow and outflow.
– Those who want more clarity about where their money went.
– For people who perhaps seek a (different) structure to managing money.
More Info