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Savings, Debt & Financial Security

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YSW-702xtraLesson YouthFinancial Inclusion & Wealth CreationBeginner
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About Course

Course Code: YSW-702

Pillar: Financial Inclusion & Wealth Creation

Course Overview: Financial security grows through consistent saving, careful borrowing, manageable commitments, and preparation for unexpected costs. Learners examine emergency funds, debt decisions, repayment, insurance awareness, scams, and common financial risks.

They apply these ideas to strengthen saving habits, protect themselves from harmful choices, and build a realistic plan for greater financial resilience over time.

Learning Outcomes:

  • Understand the role of savings in financial security.
  • Build practical saving habits and emergency funds.
  • Understand debt, credit, borrowing costs, and repayment responsibilities.
  • Avoid harmful debt and unsafe financial commitments.
  • Recognize financial risks, scams, and protection strategies.
  • Create a practical savings, debt, and financial security plan.

Target Audience: Young people preparing for employment, entrepreneurship, freelancing, vocational training, higher education, or independent adulthood. Suitable for youth development programs, TVET institutions, universities, NGOs, ministries, workforce readiness programs, livelihood programs, and financial inclusion initiatives.

Course Structure: 5 modules / 20 lessons.

Special Feature: Every module concludes with a Putting It All Together audio deep dive that connects the key lessons and supports reflection and practical application.

Pathway Focus: Understand Financial Security. Build capability in Debt and Responsible Borrowing. Apply learning through Financial Protection and Security Planning.

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Course Content

Course Introduction
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  • Savings, Debt & Financial Security
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Foundations of Financial Security
Module Purpose: Introduce learners to financial security, why savings matter, and how young people can build stability through disciplined money habits. What Learners Will Explore: Learners will examine the key concepts, practical choices, youth scenarios, and real-life applications connected to this topic. Practical Application: This topic supports immediate use through reflection, planning, hands-on activities, guided exercises, and action-oriented learning.

Saving Habits and Emergency Funds
Module Purpose: Help learners create practical saving systems, build emergency funds, and save consistently even with limited or irregular income. What Learners Will Explore: Learners will examine the key concepts, practical choices, youth scenarios, and real-life applications connected to this topic. Practical Application: This topic supports immediate use through reflection, planning, hands-on activities, guided exercises, and action-oriented learning.

Understanding Debt and Responsible Borrowing
Module Purpose: Equip learners to understand debt, borrowing costs, repayment obligations, and how to decide whether borrowing is safe or risky. What Learners Will Explore: Learners will examine the key concepts, practical choices, youth scenarios, and real-life applications connected to this topic. Practical Application: This topic supports immediate use through reflection, planning, hands-on activities, guided exercises, and action-oriented learning.

Managing Debt and Protecting Financial Security
Module Purpose: Help learners manage existing debt, avoid debt traps, handle financial pressure, and protect their long-term financial security. What Learners Will Explore: Learners will examine the key concepts, practical choices, youth scenarios, and real-life applications connected to this topic. Practical Application: This topic supports immediate use through reflection, planning, hands-on activities, guided exercises, and action-oriented learning.

Financial Protection and Security Planning
Module Purpose: Guide learners to protect themselves from financial shocks, scams, unsafe commitments, and future instability. What Learners Will Explore: Learners will examine the key concepts, practical choices, youth scenarios, and real-life applications connected to this topic. Practical Application: This topic supports immediate use through reflection, planning, hands-on activities, guided exercises, and action-oriented learning.

Learning Resources
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