With household budgets feeling the pinch, find out how to bring order to your finances and make good financial decisions.
Find out how to manage your income and expenditure more effectively
This financial planning and budgeting course online 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
What will you achieve?
By the end of the budgeting and forecasting free online 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 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. The Open University does not operate in Cuba, Iran, North Korea, Sudan and Syria. This means that Learners based in those countries will not be able to convert their participation in this Program to Open University course credits.Get eBook Info Here