Study Guide

Objectives (course unit)

Have you ever wondered why some people seem to be masters at managing and saving money, while others constantly struggle with money worries? In this course, you will not only learn the basics of money management, but you will also learn how to understand the psychological aspects of money and understand the secrets of becoming a master of money management.

During the study period:
• We dive deep into the psychology of money use: Why do we make certain decisions with money and how can we guide ourselves to better choices?
• We go through the "interest for interest" phenomenon, declared one of the wonders of the world, which allows you to take saving to new dimensions.
• We adopt the 80/20 logic: How can you optimize your finances with small changes, but with big results?
• We go through debt consolidation and how you can get out of it much faster.
• We talk openly about losing your credit report - and why it's important to understand.
• As a bonus, you will prepare a personal financial plan that is tailored exactly to your needs and goals.

After the course, the student:
• Knows how money really works and knows how to make money a friend
• Can critically examine the use of money and make wise decisions
• Deeply understands the psychology of spending money and how to avoid the most common pitfalls
• Controls the key factors of financial freedom and knows how to draw up a financial plan for himself

With the skills you learn in the course, you can really change your own life positively.

Content (course unit)

Modules
1. Introduction to the Course: Personal usage of money
2. How are we used to spend money and how the emotions are involved?
3. Managing Your Own Economy
4. 80/20 Principle and Surplus Economy
5. Interest on Interest and Final Summary

Further information (course unit)

The course is an online course and includes
• online study based on the material provided in Moodle
• studying in a group, i.e. constructive commenting on the output of other students
• independent work

Assessment scale

Pass/Fail