Short-course on Effective Management of Personal Finance

15/01/2020 10:37

Nowadays, some students often find difficulty in dealing with daily life expense, even though they can get money from both their part-time jobs and their parents. Meanwhile, some others still feel happy with the same amount of budget. So, what is the problem?

In response to this situation, on 6/1/2020, Faculty of Finance and Banking, VNU-UEB opened the course on Personal Finance named “Saving Game” for the students.

The course aimed to provide students with knowledge and practice on Personal Finance to create their financial objectives, make decisions to achieve those goals in the smartest ways. The program was widely introduced by the Vietnam Personal Finance Network, funding by the German Savings Bank and by the fund for UEB students’ extracurricular activity.

Saving is a really practical issue to students so they were all eager to attend the course. Starting the game, each team was regarded as a family and assigned an objective to reach such as buying apartments, buying cars or investing on education.

PhD. Dinh Thi Thanh Van guides students on the rules of the game

PhD. Trinh Thi Phan Lan

The task of each team is to try to save money to meet their goal. Based on the available data about the family members, economy situation, profits, inflation…the team must make the right spending decision to both achieve the goal and ensure the living standard of the family. Their decisions could not be changed or withdrawn, therefore, the players must consider carefully before making the final choice as if they did it in real life.

Students were excited about saving finance course

Throughout the course, the students were dedicatedly guided by the two main lecturers, PhD. Dinh Thi Thanh Van and PhD. Trinh Thi Phan Lan and other lecturers of Vietnam Personal Finance Network. After each round, two lecturers summarized the practical lessons with common knowledge to help students easily remember and apply in real life. On the other hand, the lecturers answered all their questions in details to ensure that they can keep up with the lesson and understand it well.

After the course, students could understand budgeting, savings’ benefits and purposes as well as the impact of setting goals. All the students found the course useful and practical. Hopefully, after the success of this course, Faculty of Finance and Banking, VNU University of Economics and Business will continue to open other similar courses in coming time.

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Thanh Tu