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Finance Fundamentals: Financial Planning and Budgeting

With household budgets feeling the pinch this course shows how to bring order to your finances.

FutureLearn

Summary

Price
Free
Study method
Online
Duration
4 weeks · Self-paced
Qualification
No formal qualification

Overview

With household budgets feeling the pinch this course shows how to bring order to your finances and make good financial decisions.

Course media

Description

Find out how to manage your income and expenditure more effectively

This online courses explore how current economic conditions impact household finances, before showing you how to manage yours more effectively.

You will find out whether you have bad financial habits and how to address them; discover a simple four-stage model for making sound financial decisions; examine the two components of household budgeting – income and expenditure – and how to manage them; and look at a key area of household spending – insurance.

The Open University’s Centre for the Public Understanding of Finance created this course, with the generous support of True Potential LLP.

What topics will you cover?

  • Financial planning over the life course
  • Prioritising plans
  • Human behaviour and financial decisions
  • Applying a financial decision-making model
  • Income and inflation
  • Income and taxation
  • Government benefits
  • Factors influencing household expenditure
  • Creating and managing a household budget
  • Understanding when to buy insurance products
  • The range of insurance products

Academic credit

If you are aiming to use your study of courses in the Business and Finance Fundamentals program to obtain academic credit, please be aware that the final planned presentation of the Open University Assessment Course BXM191 Business and Finance Fundamentals in Practice starts October 2020. Please ensure that you allow yourself enough time to obtain all eight Certificates of Achievement from courses in the program before registering for the Assessment Course.

What will you achieve?

By the end of the course, you'll be able to...

  • Identify and understand how financial needs change over the life course
  • Identify, understand and apply a model for financial decision-making
  • Identify and appreciate how human behaviour affects financial decisions
  • Identify and understand the impact of inflation and tax on incomes
  • Apply and appreciate the social and economic factors that influence spending
  • Design and manage a household budget
  • Identify and understand insurance products and when to buy them

Who is this course for?

For further information about registration, the final assessment course, your eligibility and the BA in Business Management, visit the Open University website.

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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