Financial Literacy & Planning

Course summary

This course builds a strong foundation in financial literacy by covering essential economic concepts, financial planning processes, retirement planning, tax and estate strategies, and real-life case studies. Learners gain the skills to analyze financial needs, set goals, make informed decisions, and create sustainable plans for wealth building and long-term security.

Learning outcome

By the end of the course, learners will be able to:

  • Understand key economic and financial planning concepts.
  • Create financial plans aligned with life stages, goals, and timelines.
  • Analyze real-life financial scenarios and propose feasible solutions.
  • Plan effectively for retirement using needs analysis and suitable strategies.
  • Apply tax and estate planning principles to optimize long-term wealth and succession.

Modules

The module familiarizes the learner with the economic terms that are frequently used in the investment world.

The module provides an understanding of financial planning, need for financial planning, steps in financial planning and how to make financial decisions based on life stages, time frames and goals.

The module showcases different case studies that deals with the financial situations of different families, their present needs, financial goals and aspirations with calculated figures and solutions.

The module deals with the importance of financial planning, scope of financial planning and the various steps involves in financial planning process.

The module gives insight on the preparation and planning, implementation and, monitoring and reviewing of the financial plan..

The module explains the importance of retirement planning, retirement needs analysis, retirement planning strategies, retirement corpus and retirement solutions.

The module gives an understanding of employee benefits and its categories such as short-term employee benefits, employer based statutory benefits and employee benefits in retirement planning. 

The module deals with the importance of tax planning, explains indirect and direct taxes, agricultural income, authorities of income tax, importance of estate planning and different instruments of estate planning. 

The module provides an understanding of succession laws, its benefits, characteristics, and advantages. The modules also deals with types of a will, codicil, probate and life insurance for estate planning.