Learn to manage money, understand banking, calculate interest, and make informed financial decisions for life
Financial literacy gives you the tools to manage your money with confidence. From understanding your first payslip to taking out a loan, these 12 topics cover everything you need to know about personal finance. Each topic builds on the last – start with Introduction to Finance and work your way through.
What is finance Why it matters. Overview of money, its functions, and the importance of financial literacy in everyday life.
Earned, unearned, passive, and portfolio income. Calculate gross vs net income, hourly wages, salaries, and commissions.
Fixed, variable, and discretionary expenses. Learn to track spending, categorize costs, and distinguish between needs and wants.
Create and manage a personal budget. Calculate surplus/deficit, apply the 50/30/20 rule, and adjust spending to meet goals.
Why save Savings accounts, fixed deposits, and calculating interest. Set savings goals and plan for future purchases.
Savings accounts, checking accounts, bank fees, ATMs, online banking, and how to choose the right account for your needs.
Formula SI = P × r × t. Calculate interest earned or paid, find total amount, and solve for principal, rate, or time.
Personal loans, car loans, home loans. Calculate monthly repayments, total cost of credit, and compare loan options.
What is inflation Consumer Price Index (CPI), purchasing power, real value of money, and how inflation affects savings.
VAT at 15%. Calculate VAT inclusive and exclusive prices, zero-rated items, and VAT payable for businesses.
Compare financial options, evaluate trade-offs, understand opportunity cost, and make informed choices about money.
Put it all together. Case studies on shopping, loans, car purchases, housing decisions, and personal financial planning.
Start with Topic 1 and work through sequentially. Each topic builds on the previous one.
Write out formulas every day. Practice with different numbers until you can use them without thinking.
Look at your own bank statements, receipts, and price tags. Apply what you learn to your own money.
Finance is practical. Work through every example and practice question with a calculator.
Complete the topics in order for the best learning experience
Goal: Complete 2 topics per week to finish in 6 weeks
Use this Financial Literacy section to connect money calculations with real decisions. Practise income, expenses, budgets, interest, banking, credit, VAT, inflation, and savings by explaining what each answer means for a household or learner.
A useful path from this page is to begin with Introduction to Finance, continue with Income, and then test your understanding with Expenses. Do not rush through the links; spend time on the examples and make sure you can explain the main idea without looking at the notes.
Use this page to build real-life calculations, tables, graphs, maps, finance, measurement, and interpretation. Write down key terms, formulas, diagrams, or steps that appear often so that revision becomes active instead of just rereading.
Estimate before calculating, show units, and explain what your answer means in the situation given. After each lesson, close the page and try a short self-test from memory before checking your notes again.
Start with the context, identify the information given, choose the operation, and check whether the answer is reasonable. If a topic feels too difficult, return to the previous link, revise the basics, and then try the examples again before using past papers.
