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[NP-FL-F] Financial Literacy

Offered by School of Business & Accountancy

Certifiable Courses

About Course
Course Schedule
Course Structure
Financial Matters
Register Interest
Area of interest
Banking & Finance, Business

About Course

Course Objectives

To equip driver-partners with basic financial literacy knowledge and skills in cash, debt management, personal insurance, investment and retirement planning.

Course Description

1.  PERSONAL FINANCIAL HEALTH

  • Importance of financial goal-setting and setting financial goals
  • Understanding key financial ratios (Net Worth, Emergency funds, Savings, Debt and Investment) to assess one’s financial health
  • Taking remedial actions to restore financial health

2. CASH MANAGEMENT

  • Tracking expenses and income using mobile cash budgeting apps
  • Determining needs and wants
  • Setting savings target
  • Voluntary versus mandatory CPF contributions

3.   DEBT MANAGEMENT

  • Evaluating one’s circumstances when considering taking on a debt, capacity, amount of loan
  • Understanding the dangers of borrowing
  • Seeking help to manage debt
  • Rental of vehicle versus Buying a vehicle (Case study)

4.  PERSONAL RISK MANAGEMENT AND INSURANCE PLANNING

  • Understanding types of insurable personal risks
  • Calculating one’s insurance coverage
  • Understanding the different types of insurance policies suitable for gig economy

5.  INVESTMENT PLANNING

  • Assessing personal risk tolerance
  • Understanding common investment products and their risk classification- low, average and high risk
  • Using dollar cost average to accumulate wealth over time
  • Utilising online calculation tools for investment

6.  RETIREMENT PLANNING

  • Never too early to plan for retirement Importance of long-term planning and compounding CPF tools available

Course 
Schedule

Duration: 8 hours
Delivery Mode: Classroom

Schedule may be subject to changes. The detailed timetable will only be released upon enrolment and closer to the course commencement date.

For self-sponsored applicant, you may proceed to apply after signing in with Singpass / Student ID.
For company-sponsored applicant, please approach your company HR to put in the application via the company portal using Corppass at STEP.

 

Course Structure

TPG course reference No.

TGS-2021006691

Financial Literacy
Financial Literacy (NP-FL-F)
This course provides the foundation and understanding of savings, budgeting, credit, investment, insurance, retirement in one’s financial journey. This is suitable especially for those working in the gig economy.

Financial matters

Course fees payable (incl. GST & excl. supplementary fee)

Description Financial Literacy Total course fee
Full Course fee $316.10 $316.10
Enhanced Training Support for SMEs for Singapore Citizen $36.83 $36.83
Enhanced Training Support for SMEs - SPR & LTVP+ $36.83 $36.83
SkillsFuture Mid-Career Enhanced Subsidy for Singapore Citizen aged 40 and above $36.83 $36.83
SkillsFuture Baseline Funding for Singapore Citizen Aged Below 40 $94.83 $94.83
SkillsFuture Baseline Funding for SPR/LTVP+ $94.83 $94.83

GST rate

The course fees payable above are inclusive of 9% GST rate.

Payment option

The payment needs to be made upon the application is submitted.

Allowed payment by

The course fee allows to be paid by:
Post-Secondary Education Account (Adhoc withdrawal form);
SkillsFuture Credits (SFC);
Credit card (e-payment);
Debit card (e-payment);
PayNow (e-payment).

Refund and withdrawal policy

  • Please note that a 100% refund will be available if the withdrawal request is submitted more than or equal to 14 days before the course start date.
  • Please note that a 50% refund will be available if the withdrawal request is submitted less than 14 days before the course start date.
  • Please note that no refund will be available if the withdrawal request is submitted on or after the course start date.