The Personal Finance Module was very practical, interesting and enjoyable! It is vital for young people to understand how to manage money and time, to comprehend the different methods of payments, to learn important terms related to finance and to understand where and how to save money. The points I just mentioned are only a section of the Personal Finance Module, that we explored over the course of 6 weeks. If you understand personal finance, then you will understand your money flow a lot better. There are a number of people that muddle through life paying their bills and their mortgage payment with the money that they have and then spending the rest of it or maybe letting it sit in their bank account. These are people that have no idea how personal finance works, so even if they end up making the right decisions they are doing it through luck. Therefore to help us make the most of our money, it is important we learn the basic facts and rules of Personal Finance. Our project for this Module was to plan and book a week long skiing holiday for two adults. We were given €3000 to spend. With this €3000 we had to book things like return flights to the country we had chosen to go skiing in, transport to the airport and back, accomodation, ski pass, ski equipment, food... It was lots of fun and challenging to plan an entire holiday with the available resources! Below you will see a part of my Personal Finance Project. To view the whole project Click Here To continue reading my Personal Finance Project Click Here.
Below is a summary of how I spent the €3000 while skiing one week in Austria with a friend!
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5/4/2023 08:12:24 pm
I appreciate you mentioning that there are those individuals who struggle to get by, paying their bills and mortgages with the money they have and then either wasting the remainder of it or letting it sit in their bank accounts. My sister started a small company but was short on funding. I'll advise her to apply for the bank statement mortgage.
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