Module 5: Assessment and Financial Planning

A specific amount of money you aim to set aside over time for a future purpose, like buying something, an emergency fund, or a big expense.

The process of planning how you will spend and save your money. It helps you make sure your income covers your expenses and supports your financial goals.

The amount of money you have in your bank account after all deposits and withdrawals.

To make a careful guess about a number or amount when you don’t know the exact value.

The process of organising your money—like income, expenses, savings, and goals—to help you manage your finances and prepare for the future.