💰 Financial Literacy

Module 3: Credit & Debt

📚 Learning Objectives

  • Master budgeting and savings
  • Understand credit and loans
  • Learn investment basics
  • Plan for retirement
  • Manage taxes effectively
  • Build wealth systematically

📹 Educational Videos

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Farmy JulieHow to start Investing in Agriculture Business for Beginners in Nigeria
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Personal Finance Basics

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The University of MaineHow to create a farm business plan
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Budgeting & Saving

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Farmy JulieSuccessful Agriculture Business Ideas (Profitable Farming Ideas)
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Understanding Credit

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Food and Agriculture Organization of the United NationsFarming as a Business in Eastern Africa
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Investment Basics

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No-Till GrowersHow to Start a Small Farm | A Step-by-Step Guide
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Retirement Planning

📊 Investment Options Comparison

OptionRisk LevelReturn PotentialLiquidity
Savings AccountVery LowLowHigh
BondsLowMediumMedium
StocksHighHighHigh
Real EstateMediumMedium-HighLow
Mutual FundsMediumMediumHigh

🛠️ Implementation Steps

  1. Budget: Track income and expenses
  2. Emergency Fund: Save 3-6 months expenses
  3. Debt: Pay down high-interest debt
  4. Invest: Start with stocks or funds
  5. Retire: Contribute to retirement accounts
  6. Review: Reassess quarterly

🎓 Knowledge Check - Module 3

Q1: Recommended emergency fund?



Q2: Lowest risk investment?



Q3: Smart financial priority?



🏆 Capstone: Wealth Plan

Phase 1: Calculate net worth
Phase 2: Create budget
Phase 3: Build emergency fund
Phase 4: Pay down debt
Phase 5: Start investing
Phase 6: Plan retirement
Phase 7: Optimize taxes
Phase 8: Monitor progress annually

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