With real incomes falling and personal debt at a record high, there has never been a better time to improve your personal financial skills – Managing My Money aims to do just that.
This free online course starts by giving you practical guidance on how to compile a budget and use it to make good decisions about your spending. You’ll explore debts and investments, and find out how mortgages are used to finance home ownership. The critical issue of pension planning is explained, with guidance on different pension products.
The course concludes by examining different types of insurance and offers practical advice on how to make rational decisions about which insurance products to buy.
Using up-to-the-minute data from the UK, you’ll develop financial skills and approaches that are relevant globally. The course is rich in high-quality text, images, video, audio and interactive elements to support your learning.
You can use the hashtag #FLMyMoney16 to join and contribute to Twitter conversations about this course. And you can get a taste of some of the advice this course offers in Martin Upton’s blog post: 10 Christmas spending tips: how to avoid a financial hangover in the New Year.
This course is presented on FutureLearn with the kind support of True Potential LLP.
The True Potential Centre for the Public Understanding of Finance (True Potential PUFin) The True Potential Centre for the Public Understanding of Finance (True Potential PUFin) is a pioneering Centre of Excellence for research in the development of personal financial capabilities, based at The Open University Business School. The establishment and activities of True Potential PUFin have been made possible thanks to the generous support of True Potential LLP, which has committed to a five-year programme of financial support for the Centre totalling £1.4 million.
What topics will you cover?
- Week 1: Financial planning and the life-course
- Week 2: Income, taxation and benefits
- Week 3: Expenditure and budgeting
- Week 4: Debt and borrowing
- Week 5: Savings and investments
- Week 6: Housing and the household balance sheet
- Week 7: Pensions
- Week 8: Insurance
What will you achieve?
By the end of the course, you'll be able to...
- Report understanding how to undertake financial planning, including drawing up a budget and a household balance sheet.
- Compare and understand loans and mortgages and other debt products and their cost.
- Explain the core categories of personal investments, their characteristics and the returns they provide to investors.
- Describe pension products and how to undertake pension planning.
- Summarise insurance products and how they are priced.
Who is the course for?
This course is intended for those with an interest in developing their personal financial skills to make good decisions when managing their finances and buying financial products. The course does not require any previous experience of studying this subject.
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