Money Management

Money, says the proverb, makes money.
When you have got a little, it is often easy to get more.
The great difficulty is to get the little – Adam Smith

At the end of this workshop series, students will be able to:

  • Define opportunity cost and explain how it relates to daily spending choices.
  • Explain how inflation diminishes money’s purchasing power over time & implement strategies to reduce its wealth withering effects.
  • Describe how insurance and other risk-management strategies protect against catastrophic financial loss.
  • Design a budget for earning, spending, saving and investing.
  • Reconcile a bank statement against a manual ledger.
  • Use money management software to monitor and track their financial progress over time.