Finance Fundamentals: Financial Planning and Budgeting
$74.00
In this online course from The Open University you will learn about:
- Financial planning
- Financial decision making
- Budgeting
- Insurance products
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Description
Duration: 3 weeks
Weekly study: 4 hours
This course is part of the Business and Finance Fundamentals and Finance Fundamentals programs, which will enable you to master this subject in depth.
Find out how to manage your income as well as expenditure more effectively
These 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 as well as expenditure – and how to manage them; as well as looking 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 as well as financial decisions
Applying a financial decision-making model
Income as well as inflation
Income as well as taxation
Government benefits
Factors influencing household expenditure
Creating as well as managing a household budget
Understanding when to buy insurance products
The range of insurance products
IMPORTANT! 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.
Who is this accredited by?
EOCCS: This course is accredited by EOCCS, the first international quality benchmark for online courses in business and management education.
What will you achieve?
By the end of the course, you’ll be able to:
Identify as well as understand how financial needs change over the life course.
Also identify as well as appreciate how human behaviour affects financial decisions.
Apply as well as appreciate the social and economic factors that influence spending.
Identify and understand insurance products and when to buy them.
And identify, understand as well as apply a model for financial decision-making.
Identify as well as understand the impact of inflation and tax on incomes.
Design and manage a household budget.
Who is the course for?
For further information about registration, the final assessment course, your eligibility and the BA in Business Management, visit the Open University website.