Welcome to VM Financial Education to Empower
Your expert guide to achieving financial Well-being
The key to achieving financial well-being is having access to financial knowledge and tools, and then making a deliberate plan to achieve success. Through our VM FETE (Financial Education to Empower) programme, we ultimately aim to:
Equip You With Valuable Tools
provide participants with the knowledge, tools and advice to make sound financial decisions.
Understand Financial Planning
help participants to understand the basic principles of personal financial planning.
Create and Maintain Wealth
introduce participants to the VM approach to creating and maintaining wealth.
VM FETE Youth Ambassadors Initiative
This unique initiative engages our cadre of tertiary-level youth ambassadors in a rigorous financial literacy programme, with the aim to prepare them to deliver financial education concepts to their peers and communities! Understanding the key principles of financial planning and taking steps to achieving your financial goals at an early age will help you to achieve financial well-being. Learn more about our VM FETE Youth Ambassadors Programme here.
VM Fete for Corporate Jamaica
We have developed a special financial education programme for corporate staff members. Our expert and caring financial team is ready to take team members of corporate entities step by step through the financial planning process. Corporate entities can email us to schedule an appointment for your staff at vmfete@vmfinancialgroup.myvmgroup.com
Expected Outcomes
At the end of these financial education sessions, participants should be able to:
Create a personal financial plan.
Understand key financial principles including saving, investing, and managing debt.
Understand the process of Home Ownership and acquiring personal loans.
Our Financial Education Curriculum
We take a strategic approach to your learning. With our financial education curriculum, we provide a detailed breakdown and understanding of all the areas in your life in which you need to grow financially.
Before beginning any journey, you need to understand where you are. Similarly, before beginning your financial journey, you need to assess your situation and set clear goals.
Someone who is on their journey towards financial well-being, has documented clear goals, creates specific plans for achieving these goals and feels that he or she is making progress toward these goals.
- Understanding the financial Life Cycle
- Budgeting
- Important Financial Goals
- Setting up an Emergency Fund
- Further education
- Retirement Planning (to be expanded on in Module #4)
- Home Ownership (to be expanded on in Module #4)
- Purchasing a vehicle (to be expanded on in Module #4)
- Setting SMART Financial Goals
- The VM Approach towards achieving financial well-being
So, you think it’s hard to save? We know it can be, there’s no doubt about it. But sometimes the hardest thing about saving money is just getting started. That’s right. It can be difficult to figure out simple ways to save money and how to use your savings to pursue your financial goals. However, once you put away those first few dollars, you will be surprised at how quickly they can accumulate. Besides, wouldn’t you want to get some or all of the many benefits of saving? Let’s take some time to delve into the benefits of saving.
- Benefits of Saving
- Types of Savings Accounts
- Difference between Savings and Investment
- Understanding Wealth and Money Management products
- Protecting your wealth
High levels of personal debt and unwise credit decisions can lead to serious financial and emotional distress. However, careful and strategic debt and credit management can be a great asset in achieving your financial well-being.
- Types of Credit
- Advantages and Disadvantages of Credit
- Understanding your Credit History and Score
- Credit Cards
- How to control debt
We know that at first glance, owning your own home may seem like a dream that’s impossible to achieve. However, this shouldn’t be the case! Home ownership should be a well-orchestrated plan which is put in place from the moment you have the capacity to start thinking about your future. When you have the right plan and financial partner, it can all come together even sooner than you think; giving you access to multiple benefits. Once you have acquired your home, it is also important to know how to maintain the value of your investment. Likewise, accessing a car loan and preparing for retirement, involve preparation.
- Benefits of Home Ownership
- Considerations when Buying a Home
- Steps to Buying a Home
- Understanding the Mortgage Process
- Improving the value of your property
- Steps to acquiring a car loan
- Planning for retirement
Before beginning any journey, you need to understand where you are. Similarly, before beginning your financial journey, you need to assess your situation and set clear goals.
Someone who is on their journey towards financial well-being, has documented clear goals, creates specific plans for achieving these goals and feels that he or she is making progress toward these goals.
- Understanding the financial Life Cycle
- Budgeting
- Important Financial Goals
- Setting up an Emergency Fund
- Further education
- Retirement Planning (to be expanded on in Module #4)
- Home Ownership (to be expanded on in Module #4)
- Purchasing a vehicle (to be expanded on in Module #4)
- Setting SMART Financial Goals
- The VM Approach towards achieving financial well-being
● Signing officers must present a valid government issued ID, Taxpayer ID, 2 references, Proof of address and Proof of income i.e., Income Statement and Questionnaire for Self-employed, job letter or pay slip.
● Certificate of Registration.
● Business Taxpayer ID.
● Current Business License/Certificate of Trading, or evidence of trading activities (as applicable).
● Tax Compliance Certificate (TCC).
● In-house financial statements, Management Accounts, or last 2-3 years audited financial statements (as applicable).
● Where the business is new (less than 1 year) and no financials are available, the Income Statement and Questionnaire for Self-employed would apply.
● Signing officers should present a valid government issued ID, Taxpayer ID, 2 references, Proof of address and Proof of income i.e., Income Statement and Questionnaire for Self-employed, job letter or pay slip.
● Certificate of Registration plus limited liability agreement, or partnership agreement (where applicable).
● Business Taxpayer ID.
● Signing officers should present a valid government issued ID, Taxpayer ID, 2 references, Proof of address and Proof of income.
● Certificate of Registration (where applicable).
● Association Taxpayer ID (where applicable).
● Approval from Ministry of Finance of charitable status.
● Rules or Charter of Club, Charity or Association, if no Charter, complete (VMBS Statutory Declaration for Clubs and Associations).
● Resolution from Executives – authorizing the establishment of the business relationship and relevant signing instructions on account.
● Proof of Source of Funds information
VM Fete Youth Ambassador Programme
We guide our tertiary students to achieving their educational goals.
VM Fete Youth Ambassador Programme
We guide our tertiary students to achieving their educational goals.
