15 Personal Finance Courses You Can Take Online For Free - MoneyStrands

Have you ever taken any Personal Finance courses? If you are like most Americans, chances are you haven’t.

And while personal financial literacy is a life skill that everyone should have, regardless of age, the latest research shows that that is not necessarily the case.

Results from a recent financial literacy test, conducted by the National Financial Educators Council, showed that participants on average answered only 64% of basic finance questions correctly, a 2% drop from the previous year’s results.

As Vince Shorb, CEO of the National Financial Educators Council, points out: “Nationwide testing demonstrates that the average person lacks the basic financial knowledge he or she needs to make qualified financial decisions.”

The thing is that our personal finances will only become more difficult to comprehend, let alone master.

How so?

With different banks accounts, savings accounts, credit cards, car loans, mortgages, health insurance, taxes, etc. — personal finance and financial management will become more complex when you are forced to calculate and understand budgeting, savings, and how to spend your money resources during different moments in your life. Yikes.

Sounds scary, right?

To tackle this problem, there is no better time than now to get your head around this topic and begin to refine your personal finance knowledge. Learning is the best remedy.

Take advantage of the wealth of information available to you online (as well as offline). There is a plethora of really great free and paid courses and classes to get you started.

If you are pressed for time, we’ve got your back 😉

Here is a great hand-picked selection of 15 Personal Finance Courses You Can Take Online For Free. These will improve your skill set and teach you how to manage your money the right way.

 

1. Making Sense Of Your Personal Finances
https://www.udemy.com/making-sense-of-your-personal-finances/

Description:
Learn to set S.M.A.R.T. financial goals and work out how much you need for your goals.

This is a short course on basic money management which is conducted by the Institute for Financial Literacy, Singapore. They provide free and unbiased financial education programmes to companies and organizations.

What Will You Learn?
How to understand and set financial goals, repair a broken budget, save effectively, and learn to manage your debt.

 

2. Learn and Master the Basics of Finance
https://www.udemy.com/finance-101/

Description:
This course in Finance is meant for beginners and intermediate level students of finance who would like to get a good grip of the concepts of the subject and be able to comprehend the financial world.

What Will You Learn?
How to understand basic to moderately complex financial topics, hot to understand the “Financial Times” or any other similar business newspaper or magazines, how to talk confidently about the latest financial issues at dinner parties, and the techniques to managing finances and building wealth.

 

3. Personal Finance Co-Pilot: Achieve Your Financial Goals
https://www.skillshare.com/classes/Personal-Finance-Co-Pilot-Achieve-Your-Financial-Goals/731608566

Description:
This course will make you look at budget and financial planning in a whole new light.

What Will You Learn?
How to create a financial co-pilot that will set your finances up to absorb expense shocks and plan savings goals based on what you can actually save.

 

4. Personal Finance
https://www.edx.org/course/personal-finance-purduex-pn-17-2

Description:
This personal finance course is divided into four modules: investments, credit, insurance, and retirement.

Throughout the course, you will explore interesting and relevant real-world examples so that you can better understand the underlying concepts. It will also relate relevant academic research to the topic on hand and show how the research findings are relevant to your daily financial decisions.

What Will You Learn?
Practical, ready-to-use solutions to use in your daily life. All solutions may not be equally important for you given your age and priorities, but they will certainly be relevant to you at some point in your life.

 

5. Managing My Money
https://www.futurelearn.com/courses/managing-my-money

Description:
Get your personal finances in order with practical guidance and advice. 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.

What Will You Learn?
Practical guidance on compiling a budget and using it to make good decisions about your spending. Learn skills to manage personal finances, including budgets, debts, investments, property purchases, pensions, and insurance.

 

6. You and your money
http://www.open.edu/openlearn/money-business/personal-finance/you-and-your-money/content-section-0

Description:
An important aspect of personal finance is the way in which individuals and households manage their debt, how much it costs and the different types of credit they can or cannot access. This course explores these issues, with respect to the wider, changing, social and economic context.

What Will You Learn?
The structure of the financial services industry and the role of financial liberalization in shaping this industry, the basics of debt and interest, different forms of unsecured lending, and how to apply the financial planning model to the borrowing process.

 

7. Financial Literacy (FinLitrc)
https://www.open2study.com/courses/financial-literacy

Description:
Develop your knowledge of personal finance, such as how to control, invest and protect your finances.
You will be shown how to set your goals and how to achieve those goals using an established, working savings plan.

What Will You Learn?
The basic skills to get you started on building your wealth and the common mistakes people make with managing their money, i.e.: the difference between lifestyle goals and financial goals, and how the two are interconnected, how to construct a savings plan using your income and your expenses, how to use that savings plan to achieve your financial goals, and more.

 

8. Practical Personal Finance
https://www.class-central.com/course/canvas-network-practical-personal-finance-9958

Description:
Employ economics reasoning in order to take steps toward living a personally rewarding and financially secure life by starting and successfully completing this course in practical personal finance.

What Will You Learn?
How to identify choices that are associated with lifestyles that are both personally fulfilling and financially secure, how to use a budget spreadsheet to assign a responsible task to every dollar brought into a households, how to identify choices that are prudent with respect to saving, consuming, investing, and taking on debt; and set reasonable short-, medium, and long-term goals given lifestyle choices.

 

9. Financial Literacy
https://alison.com/course/financial-literacy

Description:
Financial Literacy is an introductory course about personal financial management. In this interactive multimedia course, designed to help you come to grips with your personal finances, a series of seven dynamic modules covering everything from how to set up your first bank account to planning for your retirement will put you on the path to financial fitness.

What Will You Learn
How to manage your money, budget and savings, and debt successfully and understand the choice of insurance products available to you today – and why they are so important. You will gain knowledge of wages, tax, and government benefits and how to money manage your present, and plan for your financial future.

 

10. Personal & Family Financial Planning
https://www.coursera.org/learn/family-planning

Description:
Personal and Family Financial Planning will address many critical personal financial management topics in order to help you learn prudent habits both while in school and throughout your lifetime.

What Will You Learn?
The path to financial security and the time value of money, how to manage your flows and review your statements, income tax basics, credit basics, risk management basics and insurance overview, rules of investing, debt and equity, mutual funds and managed portfolios, how to create a personal investment plan, and more.

 

11. Financial Planning for Young Adults
https://www.coursera.org/learn/financial-planning

Description:
Financial Planning for Young Adults (FPYA), developed in partnership with the CFP Board, is designed to provide an introduction to basic financial planning concepts for young adults.

The FPYA course is organized across eight separate modules within a 4-week window. Topics covered include financial goal setting, saving and investing, budgeting, financial risk, borrowing, and credit.

What Will You Learn?
The “personal” in personal finance, how to use financial tools to assess where you are currently with your finances, how to set goals for where you’d like to be in the future, the importance of budgeting in the financial planning and management process, cash flow management, why the use of debt and credit to finance purchases has its advantages and disadvantages, and more.

 

12. Finance for Everyone: Smart Tools for Decision-Making
https://www.edx.org/course/finance-everyone-smart-tools-decision-michiganx-fin101x-1

Description:
Finance for Everyone will showcase the beauty and power of finance. This introductory finance course will be a gateway into the world of finance and will examine multiple applications to apply to your everyday life.

What Will You Learn?
An understanding of the financial world, and an appreciation for the beauty and power of finance, the fundamental knowledge, skills, and tools of finance and the ability to apply them everywhere, in personal and professional situations, different frameworks for decision-making, skills in using different decision-making tools, how to make sound personal and professional financial decisions, the concept of Time Value of Money (TVM), and how to apply related tools and frameworks to everyday decisions.

 

13. Money Course
https://themoneycourse.org/money-course/

Description:
A transformational budgeting and money education resource designed to equip guests with the tools they need to get on top of their finances.

What Will You Learn?
The emotional relationship with money, how to look practically at the basic building blocks for creating your own budget, simple tips and strategies for controlling your spending and getting your budgets to balance, the importance of savings, and the benefit of setting some simple saving goals.

 

14. Fundamentals of Personal Financial Planning
http://cat.ocw.uci.edu/oo/getPage.php?course=AR0102092&lesson=001&topic=1&page=1

Description:
This course is not intended to replace the professional financial planner, but to help to make the general public better consumers of financial planning advice.

The course was created to help those who cannot afford extensive planning assistance better understand how to define and reach their financial goals. It provides basic understanding so informed decisions can be made. The course can also be seen as a reference for individual topics that are part of personal financial planning.

What Will You Learn?
How to set goals, figuring out where you are, taxation, keeping bad things from interrupting your goals, investing, funding, retirement, college planning, estate planning basics, and more.

 

15. Personal Finance
https://www.youtube.com/watch?v=4ZgEabzH07I&list=PLdLiRaajwSXS8B5gr1CvCwQ16OsmcZIls

Description:
Offered by Missouri State University this is a personal finance course covering personal finance topics from consumer and societal perspectives. This course will provide you with the concepts and critical thinking skills to understand the effects of financial decisions on individuals, families, and society.

What Will You Learn?
The preparation and interpretation of personal financial statements and budgets, the time value of money, personal saving, financial market and investment fundamentals, the effective use of consumer credit, personal bankruptcy, insurance principles, automotive and housing decisions, principles of personal taxation, and retirement planning.

 

Conclusion

With real incomes falling and personal debt at a new record high, it’s important to improve your personal finance knowledge and skills by taking personal finances courses. Because personal finance directly relates to your everyday life, it shouldn’t be ignored.

As good ole Benjamin Franklin once said: “An investment in knowledge pays the best interest.”

So, hit the books, invest in yourself, and become better educated on how to properly manage your money. In the end, you’ll be richer for it.