Managing Personal Finances

This course is for individuals who like to better manage their personal finances.  It will provide the participants, the fundamentals for becoming more aware of the importance of personal finance, and enable them to better understand and manage their current and future personal financial situation.  This course provides practical approaches and strategies to managing personal finances as well as learning based on one on one coaching and mentoring. Key personal financial management concepts and objectives will be the foundation for class lectures and discussions, along with individual hands-on exercises and/or group activities. Participants will be exposed to concepts and practical steps that commonly apply to global settings. It is expected that each participant who completes the course will be in a position to better manage and or use the tools to remain focused on continuously improving their own personal finances.

What You Will Gain (Learning Objectives):

You will acquire knowledge and skills in the following areas:

  • What is personal finance?
  • Saving and investing
  • Risk tolerance
  • Getting financial advice
  • How to prepare your personal budget
  • Importance of making your own budget
  • Key areas of personal financial strategies
  • Importance of creating your emergency fund
  • Debts and borrowings
  • Things to consider when borrowing and managing debts
  • Personal financial goals
  • Financial plans
  • Why financial plans are important
  • Basic introduction to financial planning

Start date: September 7, 2020

End date: September 18, 2020

Schedule: Mondays, Wednesdays and Fridays, 6.30 PM – 9.30 PM

Duration: 18 hours

Fee:  AMD 39,000

About the Instructor: Jack Stepanian is a Master of Arts graduate in Public Administration from the American University of Beirut, Lebanon. He is a retired career banker in Canada, with thirty years of experience in a major Canadian bank in Toronto. He has vast experience in retail banking and in leading teams of professionals advising clients on personal financial management. Furthermore, he has extensive leadership experience in bank Credit Card Center Operations, Call Centre Operations, and National Quality Assurance programs for a pre-eminent Canadian communications company. Jack Stepanian is a Fellow of the Institute of Canadian Bankers and is passionate about sharing his professional experience by educating students to better plan their personal finances.

Enrollment: To enroll in AUA Open Education courses, please go through the following steps (see below for the Armenian version):

  • Visit
  • Create an account by clicking New User Registration.
  • If you are not a new user and already have an AUA account (having previously taken the AUA e-Math Test or applied to AUA), you should log into the account that you had created at that time.
  • If you just registered as a new user, you will get an email asking to activate your account.
  • Now, for registering to take a course, go to the Open Education tab, choose Adults (16+), then New Application, and apply for the course(s) you choose.
  • After you register online, your application will be reviewed and you will receive an email acknowledging your application.
  • Closer to the course start date, you will receive another email confirming your enrollment, requesting that you make payment before the course start date. The fee can be paid online via credit card or through the EasyPay terminal (located at the entrance to AUA). Alternatively, you may pay the fee via bank transfer to the American University of Armenia Fund, account 1570001024240100, Ameria Bank CJSC, indicating your full name (as in the registration) and the course you are paying for.
  • The completed application together with the record of payment completes your enrollment.


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