Women’s Financial Fitness Bootcamp
Details
Don’t we love our money? To spend, to flaunt, to feel secure, to make our dreams come true. Er-but there’s only so much of it. Or is there more? LXME presents the Financial Fitness Bootcamp for Women, to fast-track your relationship with money and go from MYOM (making your own money) to GYOM (growing your own money).
Key Objectives:
• Building a positive and strong association with Money. Bringing out the criticality of money management as an essential life skill.
• Evaluating personal cash flow and understanding the importance of financial planning for the present, short term and long term goals.
• Thinking beyond traditional investment options on the basis of changing macroeconomic dimensions basis financial goals
**This event is only for women
Agenda and Flow:
1). Establishing associations with Money - Mapping emotions
2). Identifying dreams- Drawing Financial Goals
3). Making it happen- Introducing Financial Planning
Evaluating Cash-flow
i. Earnings
ii. Expenses
iii. Balance
4). What do you do with your ‘Balance’?
- Cash
- Savings Bank Account
- Insurance
- Invest?
5). How a, b, c not enough- Introduction to Inflation: the Macroeconomic overview of varying levels of inflation as per lifestyle and how it affects you.
6). Filter down to INVEST- Introduction to Investing
a. Activity 1
i. Investing simulation with 1 lac dummy currency and 6-7 investment instruments
ii. Calculate total value of investment after 1 year, 5 years and 10 years - giving multipliers basis returns for easy calculations
b. Fundamentals of Investing
i. Goals
ii. Returns
iii. Lock-in
iv. Patience
v. Cost
vi. Discipline
c. Explain investment instruments- Stocks, Bonds, Mutual funds, PPF, FD, Gold, EPF - features, pros and cons, when to invest
d. Activity 2
i. Repeat activity 1 with a more informed and educated preference
7). Money Minded to Money Mindful
- Money Decisions
- SMART Goal setting
- Weighing Liabilities
- Budgeting
