Transition Program
Financial Well-being Workbook
This module helps learners understand how to manage money wisely and prepare for independent living. It explains the difference between needs and wants, introduces simple budgeting methods like the 50‑30‑20 rule, and shows how saving regularly can build security. Learners also explore tools such as Systematic Investment Plans (SIPs) and the power of compounding to grow their savings over time. The aim is to build confidence in handling finances, avoid debt, and plan for a stable future.
Syllabus
Introduction
This module helps learners understand how to manage money in everyday life. It uses simple examples and activities to explain financial concepts without jargon. The aim is to build confidence, prepare for independence, and give practical tools to handle money wisely.
Session 1: Money Basics
You would explore the difference between needs and wants and practice the 50‑30‑20 budgeting rule. The focus is on building awareness of how money should be divided for essentials, desires, and savings.
Session 2: Earning Money
This session explains different ways of earning income, including jobs, salaries, stipends, and payslips. Learners understand how money comes in and why it is important to track earnings.
Session 3: Making a Budget
Learners practice planning monthly spending based on income. The session highlights how to balance expenses, avoid overspending, and create a simple budget that works in real life.
Session 4: Saving and Growing Money
This session introduces savings options like bank accounts, SIPs, and mutual funds. Learners discover how compounding helps money grow over time and why saving regularly builds security.
Session 5: Money in Real Life
Learners connect financial skills to everyday situations. The session covers digital safety, fraud awareness, and guides them to create a final personal money plan for independent living.