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Personal Financial Planning
Discover how to manage your own finances.Preview the first lesson free — get full access to all 155 lessons.
Essential Provider : Frank Paiano 155 Lessons · 7h 55m in Arabic, English
Course Description
This course is an introduction to personal financial planning and money management. Our emphasis will be on practical, personal financial management concepts and skills. We will examine the many choices we make as we strive to effectively manage both the day-to-day and long-term personal and financial goals.
What You'll Learn
- Apply the financial planning process to manage day-to-day and long-term personal and financial goals
- Set personal financial goals and weigh decisions in terms of opportunity costs
- Calculate the future value of money and understand how interest rates affect savings
- Manage money by keeping financial records and reading financial statements
- Use financial services institutions, financial accounts, ATMs, savings, and checking
- Evaluate the cost and types of credit, including credit cards and home equity loans
Key Takeaways
- The course emphasizes practical, personal financial management concepts and skills for everyday money management.
- Personal financial planning involves a defined process built around decisions, resources, influences, components, and goal setting.
- Understanding interest rates and the future value of money is central to long-term financial decisions.
- Money management includes keeping financial records, reviewing statements, and using financial services institutions and accounts.
- Credit decisions require weighing the cost of credit, credit considerations, and the different types of credit available.
Frequently Asked Questions
What is this course about?
It is an introduction to personal financial planning and money management, emphasizing practical, personal financial management concepts and skills for managing day-to-day and long-term personal and financial goals.
What topics does the course cover?
It covers the financial planning process, decisions and opportunity costs, setting goals, interest rates and the future value of money, money management, keeping financial records, financial services institutions and accounts, payment methods and ATMs, savings and checking, and credit including its cost, types, credit cards, and home equity loans.
What skills will I gain from this course?
The course builds skills in financial management, financial planning, setting individual financial goals, money management, and personal finance, and relates to the Personal Financial Specialist (PFS) area.
Who is this course for?
It is designed as an introduction, making it suitable for learners who want to effectively manage both their day-to-day and long-term personal and financial goals.
