Plan For Your Emergency

Emergency planning, Personal finance, Financial literacy, Emergency fund

What you'll learn

Differentiate between emergency and non-emergency situations

Identify the importance of emergency fund planning

Construct expense and liabilities list

Construct emergency savings goals

Calculate the amount needed for the emergency

Predict the consequences based on the emergency savings made and decisions made

Requirements

There are no relevant competency standards

Description

PLAN For Your EmergencyBY VINCENT MSC, CFPRationale· A lot of people are struggling to raise emergency fund· The increase in cost of insurance / tabarru, cost of medical and re-initiation of co-insurance / co-takaful / deductibles in insurance / takaful brings attention to people to contribute to cost of medical peril· This proves that people will need more emergency fund starting nowObjectiveThe objective of this programme is to equip participants with the knowledge and skills to prepare for emergency times financially and holisticallyCompetency StandardThere are no relevant competency standardsEntry RequirementThe programme is opened to all public whois aged 18 years old and aboveunderstands basic English conversationsLearning OutcomeAt the end of this programme, the participants will be able to:Differentiate between emergency and non-emergency situations (L1 – Knowledge, L4 – Analysis)Identify the importance of emergency fund planning (L1 – Knowledge)Construct expense and liabilities list (L5 – Synthesis)Construct emergency savings goals (L5 – Synthesis)Calculate the amount needed for the emergency (L4 – Application)Predict the consequences based on the emergency savings made and decisions made (L6 – Evaluation)Topics CoveredImportance of risk and emergency managementExpenses and liabilities during emergencyEmergency savings goals and its amountReview emergency plan and its consequences

Overview

Section 1: Importance Of Risk And Emergency Planning

Lecture 1 Introduction

Lecture 2 Importance Of Risk & Emergency Management

Section 2: Expenses And Liabilities During Emergency

Lecture 3 Management of expenses and liabilities during emergency

Section 3: Emergency Savings Goals And Its Amount

Lecture 4 Setting Goals Through SMART Concepts

Section 4: Review Emergency Plan And Its Consequences

Lecture 5 Goals Review & Consequence Consideration

Personal finance industry workers who wants to coach customers about setting up emergency funds.,People who want to learn about personal finance.