FQ Level 4 Spending (S-411)

FQ


Description

This course will address topics such as:
- How should a person differentiate between needs and wants
- How to prepare a budget and spending plan
- What are the financial instruments used to make a payment
- How does inflation impact prices over time

Content
  • Overview
  • SECTION 1: Needs and Wants
  • Needs and wants
  • Needs and wants are not fixed
  • Different levels of wants
  • Wants and “must-haves”
  • Controlling wants
  • Section 2: Budget and Spending Plan
  • What is a budget?
  • Preparing a budget sheet
  • Spending plan
  • Tax-deductible spending
  • Section 3: Future spending
  • Costs after high school
  • Shopping for an affordable car
  • Shopping for a house
  • Exercises
  • Section 4: Prices and Inflation
  • Rising prices
  • Inflation measurement
  • Inflation and purchasing power
  • Inflation-adjusted price
  • Compounding impact on price
  • Wholesale and retail
  • Exercises
  • Section 5: Using a Check
  • A typical check
  • Steps in writing a check
  • New ways to write a check
  • Common issues related to checks
  • Exercises
  • Section 6: Credit Cards or Debit Cards
  • Major brands of credit cards
  • Information on a credit card
  • Functions of debit cards and credit cards
  • Section 7: Debit Cards and ATMs
  • Debit card security
  • ATM Security (LOFTS method)
  • Section 8: Identity Protection
  • Safeguard your ID
  • Protection against online identify theft
  • Summary and Final Exam
  • Key Aptitudes
  • Spending payment methods
  • Concepts
  • Spending Test
Completion rules
  • You must complete the test "Spending Test"
  • Leads to a certification with a duration: 1 year