Learning is not only essential to our existence, but essential to our development. Especially when it comes to money. Our ability to get better with our money is shaped by what we know. Whether it's understanding the core components of a budget, or having insight into investing, it's great to educate ourselves further on finances. We're strong believers that you don't need an Economics degree to know how to manage your money, there are a range of free courses that will teach you the foundations and here are just 5 fabulous & free finance courses.
MSE’s Academy of Money
Course description: The Open University has joined forces with MoneySavingExpert (MSE) to produce this new free course to give you the skills and knowledge to master your finances. The course was written by The Open University, with MSE to provide support and guidance. Packed with videos, audios, quizzes and activities, the course covers all the key aspects of personal finance in six sessions of study, that each take around two hours to complete.
The course starts by looking at how to be savvy when spending money and at the behavioural and marketing pressures that try to influence what consumers buy.
It then looks at budgeting and the impact of tax on household finances.Borrowing money is something all households are familiar with but it can cause financial problems. The course explains how to borrow money sensibly, whether it’s a loan to buy a car or a mortgage to buy your home. The course finishes by getting to grips with the complexities of pensions. It will help you to think about your options when retiring, such as how much your state pension will amount to, supplementing this with an occupational or personal pension, and what you can do if your pension provision falls short of what you need.
Fempire comments: Anything with Martin Lewis (the Money Saving Expert king) is going to be great quality and really help you to get to grips with the different areas of personal finance but in a simple way.
Retirement planning made easy
Course description: This course sets out the series of stepping-stones to a financially secure retirement. Most people approaching retirement now have more options both about when to retire and about how they use the pension 'pots' they have built up. This course examines these options to help you decide with confidence which are right for you.
You'll also look at what you can do if your pension is not sufficient to cover your spending needs in retirement.You will learn through a mixture of reading, short videos and activities, and there's a quiz at the end for you to check your understanding.
Please note: the content of this course relates to the UK, although there are some parts that generally apply when planning for retirement, such as forecasting your expected spending and identifying all the sources of pension income.
Fempire comments: This is a course with financial services provider, Legal and General. Even if you are far from retirement planning, this is a great course that gives you the basics of what a pension is and gets you started on thinking about some of those retirement plans.
Clever Girl Finance
Fempire comments: Founded by Bol Sokunbi, Clever Girl Finance have the same belief as us...that financial literacy shouldn’t have to cost a thing. And with over 30+ free courses, including information on budgeting, saving and credit in a range of different styles such as; bite-sized videos, live call replays, worksheets and free mentor calls, they are the go to place for free money resources.
edX Financial Literacy
Course description: In this course, you will learn about financial literacy and understand how to make better money decisions moving forward. It delves into personal finance, financial concepts, and financial planning from top institutions and schools.
Fempire comments: eDX is a great platform with lots of content from exceptional learning providers such as Harvard and MIT
FutureLearn Managing My Money
Course description: This online course starts by giving you practical guidance on compiling a budget and using it to make good decisions about your spending. You’ll explore debts and investments, and how mortgages are used to finance home ownership. The critical issue of pension planning is explained, with guidance on different products. The course concludes by examining different types of insurance. It offers practical advice on how to make rational decisions about which insurance products to buy.
Fempire comments: This course by FutureLearn is an 8 week programme that allows you to go back to basics, focusing on managing your debt, reducing your expenses, financing a home, retiring, and everything in between. And with over 81,000 people enrolled, the numbers alone speak for themselves.