Module 1: Understanding the importance of managing personal finance

Module 1: Understanding the importance of managing personal finance

In this module, we will look at the role of money in personal life and in business.

Money is a vital resource for people and businesses, so it is important to understand its characteristics and role.

In this section we will explore the importance of managing personal finance under the following headings:

The function and role of money

Different ways to pay

Current accounts

Managing personal finance

Instructions

Navigating

  • You can navigate using the links on the left hand side or click on the arrows at the bottom of the page to move through the module.
  • To move to the next or previous module within the unit, you will need to close the module by using the Close Unit button located at the top right corner of the screen and use the Next Module and Previous Module buttons.

Videos

  • To turn on closed captions (CC) on a YouTube video, click the ‘CC’ button at the bottom of the video player, or go to the settings (gear icon) and select ‘Subtitles/CC’ to choose a language.