Diploma in Personal Financial Planning

Course details

Diploma in Personal Financial Planning

Duration: 6 months

Assessment: One comprehensive practical assignment
Develop comprehensive expertise in personal financial planning with this fully online, flexible diploma designed to equip you with the knowledge and skills to manage your own finances or provide financial advice to others. Covering core elements of wealth management, budgeting, taxation, insurance, investments, and retirement planning, this course prepares you to create effective, personalized financial plans.

Course Modules and Key Learnings:

1. Your Wealth Check
   Assess your current financial status, assets, liabilities, and net worth to establish a baseline for planning.
2. Your Wealth Objectives
   Define clear, realistic financial goals aligned with your life priorities and values.
3. Your Wealth Wisdom Plan
   Learn how to design and implement a strategic financial plan that guides decision-making and progress toward goals.
4. Cultural Aspects of Personal Finance
   Explore how cultural values and beliefs influence financial behavior, decision-making, and planning.
5. The Budget Process
   Master techniques for creating, managing, and adjusting budgets that support financial discipline and goal achievement.
6. Income Expectations and Career Management
   Understand income generation, career planning, and growth strategies to optimize your financial capacity.
7. Taxes
   Gain knowledge of tax systems, obligations, deductions, and planning strategies to minimize tax liabilities legally.
8. Expenses Management
   Learn to control expenses effectively, distinguish between needs and wants, and optimize cash flow.
9. Insurance
   Study various insurance types (life, health, property) and how to use insurance products to protect financial wellbeing.
10. Mortgages and Property Finance
    Understand mortgage options, lending processes, and strategies for property acquisition and management.
11. Credit Cards and Consumer Finance
    Examine credit management principles, responsible borrowing, credit scoring, and debt reduction techniques.
12. Educational Finance
    Plan for education costs, student loans, and investment in lifelong learning.
13. Mutual Funds and Investment Vehicles
    Get introduced to mutual funds, stocks, bonds, and other investment products as tools for wealth accumulation.
14. Pensions and Retirement Planning
    Learn about retirement savings options, pension schemes, and strategies to ensure financial security in later life.
15. Additional Topics
    Coverage of estate planning, financial ethics, risk management, and adapting plans as life circumstances change.

Assessment:
Your practical ability to apply personal financial planning concepts will be evaluated through one assignment designed to simulate real-life financial planning scenarios. Students may start their assignments from day one and complete the diploma flexibly upon submission.
 
  Updated on 31 July, 2025