Financial Literacy 101: Empowering Futures

What Will You Learn?

• - Understand Personal Finance Basics
• - Define key financial concepts and terminology.
• - Recognize the importance of financial literacy for long-term well-being.
• - Develop and Manage a Personal Budget
• - Create a realistic and effective personal budget.
• - Identify and categorize income and expenses.
• - Apply strategies to balance and adjust the budget as needed.
• - Implement Effective Saving Strategies
• - Explain different types of savings accounts and their benefits.
• - Set short-term and long-term savings goals.
• - Utilize techniques to maximize savings and minimize unnecessary expenditures.
• - Navigate Banking and Financial Services
• - Understand the range of banking services available in Zambia.
• - Evaluate and select appropriate banking products and services based on personal needs.
• - Calculate and compare interest rates and fees for various financial products.
• - Manage Credit and Debt Responsibly
• - Interpret credit scores and reports, and understand their significance.
• - Use credit cards and other forms of credit responsibly.
• - Develop strategies to manage and reduce personal debt effectively.
• - Make Informed Financial Decisions
• - Apply critical thinking skills to make wise financial choices.
• - Utilize financial tools and resources to plan for future financial needs.
• - Recognize and avoid common financial pitfalls and scams.