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Personal financebeginner

Personal Finance: Budgeting, Saving and Investing

Take control of your money in India: budgets, emergency funds, insurance, mutual funds, stocks and taxes, explained simply.

Lessons
13 lessons in 4 modules
Study time
about 7 hours
Duration
~3 weeks at your own pace

Free plan: counts as one of your 2 new courses this month. Plans

What you'll learn

  • Build a monthly budget and an emergency fund
  • Understand insurance, debt and credit scores
  • Compare FDs, mutual funds, index funds and stocks
  • Know the basics of income tax for salaried people

Syllabus

  1. Module 1Managing moneyBudgets and savings.3 lessons
    1. Your money pictureList income, expenses, assets and liabilities.25 min
    2. Budgeting that worksCreate a monthly budget with the 50/30/20 idea.30 min
    3. Emergency fund and goalsPlan an emergency fund and short- and long-term goals.30 min
  2. Module 2Protecting yourselfDebt, credit and insurance.3 lessons
    1. Loans, credit cards and interestCalculate the real cost of debt and EMIs.30 min
    2. Credit scoresExplain what affects a CIBIL score and how to improve it.30 min
    3. Health and term insuranceExplain why insurance comes before investing.30 min
  3. Module 3Investing basicsGrow your money.4 lessons
    1. Compounding, inflation and riskShow how compounding and inflation affect savings.30 min
    2. FDs, PPF and debt optionsCompare common low-risk options.30 min
    3. Mutual funds and SIPsExplain how mutual funds and SIPs work and what expense ratios mean.30 min
    4. Index funds and stocksDescribe how the stock market works and why diversification matters.30 min
  4. Module 4Taxes and planningKeep more of what you earn.3 lessons
    1. Income tax basics for salaried peopleRead a payslip and compare the old and new regimes.30 min
    2. Avoiding scamsSpot common investment and loan scams.30 min
    3. Project: your one-page money planWrite a personal budget, savings and investing plan.40 min