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CFA Society Bermuda, in partnership with Bermuda College, is to offer a four-session series on building financial literacy.

The course, which was first offered last year and which comes under the College's Professional and Career Education division, provides an introduction to basic money and financial concepts. The goal is to help people build practical financial skills and begin to take control of and manage their financial future.

Robin Masters, CFA, the series coordinator, said: “Our informal surveys tell us that people's biggest financial worries tend to be around managing debt, concern about not having enough money to live comfortably in retirement, coping with education expenses and generally trying to figure out how best to have some money left over at the end of the month. Everyone, regardless of their age and income level, shares these same concerns.”

“We believe that financial literacy education is the best way to help people overcome their fears about money and help alleviate concerns associated with financial insecurity. There is no shortage of financial literacy content to be read in the local news and online.

“However, in our course, which we designed specifically for Bermuda, we take the basic concepts and explain them using real life practical examples that people can then apply to their own personal circumstances.”

At the conclusion of the course, previous participants shared that they had developed a budget, had adjusted their spending, and had started or increased the amount that was going towards savings.

Most importantly, after taking the class, they reported an increased level of confidence in their ability to manage their day-to-day expenses.

Ms Masters added: “Our goal is that people come away from our course having learnt new behaviours that become part of their overall lifestyle, that will better position them for the future.”

This term, the class will be given using the College's remote teaching environment. Each week's session will be delivered online using the Zoom platform, so access via a desktop computer or tablet is recommended.

Classes begin September 30 and will run for four consecutive weeks. The cost to take part in the series is $80 and registration is now open. Details can be found on the PACE website https://www.college.bm/pace.

CFA Society Bermuda is part of the worldwide network of CFA Institute member societies that lead the investment profession globally.

For more information about CFA Society Bermuda, visit https://www.cfasociety.org/bermuda/ or e-mail CFA Society Bermuda at info@bermuda.cfasociety.org

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Published September 04, 2020 at 2:16 pm (Updated September 04, 2020 at 8:16 pm)

Financial literacy series returns at College

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