This course includes:

6 months

Badge on Completion

Certificate of completion

6 months

This course is designed for young students from age 14 to 22 for money management and understanding the different concept of earning, tax, interest, loans, students loan, credit card, and pension The purpose of this course to prepare the students to have an understanding of financial responsibilities and how money works in real life. This course is designed by industry professionals to prepare students for a better future. You will learn how to make your money work harder and go further, online and at your own pace – at any time, you can save what you have done and return to the course. The course takes no more than 24 hours of study with learners typically completing it in 12 to 16 hours. This course has been awarded the Young Money Financial Education Quality Mark.

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Created by
Open University UK

September 22, 2023

UK

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29

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Last updated:

September 22, 2023

Duration:

6 months

This course includes:

6 months

Badge on Completion

Certificate of completion

6 months

Description

This course is designed for young students from age 14 to 22 for money management and understanding the different concept of earning, tax, interest, loans, students loan, credit card, and pension The purpose of this course to prepare the students to have an understanding of financial responsibilities and how money works in real life. This course is designed by industry professionals to prepare students for a better future. You will learn how to make your money work harder and go further, online and at your own pace – at any time, you can save what you have done and return to the course. The course takes no more than 24 hours of study with learners typically completing it in 12 to 16 hours. This course has been awarded the Young Money Financial Education Quality Mark.

Is this course for me?

Managing your money really is a true skill for life. This free Open University course will give you the confidence and tools to be in control whether you are:
  • still studying at school or college
  • starting work or an apprenticeship
  • going to university
You study eight straight-forward online sessions of 1-2 hours each with:
  • plenty of step-by-step animations and practical tips to help you straight away
  • real-life case studies featuring current school students and university students who reflect on their experiences living away from home for the first time
  • useful videos from money experts
There are also quizzes to help you remember what you have studied. This course can also be studied in the classroom as well as the home. To support study in the classroom, guidance for teachers has been included. This guidance has details about the course and suggestions about how specific sections can be adopted for classroom sessions.

After studying this course, you should be able to:

  • budget effectively, taking into account changes such as getting older and leaving the family home
  • understand how to choose and manage bank and savings accounts
  • understand how to finance further and higher education studies
  • borrow sensibly and manage debts effectively
  • plan ahead to make life's goals financially achievable.

Transfer of course credit

You may be able to transfer your credits towards high education in University or Institution, but we highly recommend to confirm with you potential educational settings. Our all programs are associated or in partnership with top Universities of the world and prepared by highly professional professors and intellectuals to enhance the skills of individuals or organisations.

Course Curriculum

    • Introduction and guidance 00:15:00
    • What is a badged course? 00:30:00
    • Acknowledgements 00:10:00
    • Introduction 00:10:00
    • You and your money now 00:40:00
    • Why a bank account? 00:30:00
    • How to check your bank account 00:30:00
    • Staying secure 01:00:00
    • Calculating interest on savings accounts 00:30:00
    • Alternatives to savings accounts 02:30:00
    • Earning money, understanding tax 00:40:00
    • 2.1 Earning while you’re learning 01:10:00
    • 2.2 Zero-hours contracts – good or bad? 00:20:00
    • 2.3 Understanding Income Tax 00:20:00
    • 2.4 Understanding National Insurance contributions 00:30:00
    • 2.5 What’s the right tax code? 00:30:00
    • 2.6 Do you need to complete a tax return? 00:50:00
    • Being a savvy shopper and building a budget 01:00:00
    • 3.1 Your phone contract and insurance 01:05:00
    • 3.2 Comparison websites – not the full story 00:45:00
    • 3.3 Virtual shopping – pros and cons 00:40:00
    • 3.4 The reasons for budgeting 03:00:00
    • Preparing for life after school 00:20:00
    • 4.1 Planning a gap year 00:20:00
    • 4.2 Going into an apprenticeship 02:00:00
    • 4.3 Student loans – what can you get? 00:40:00
    • 4.4 Student loans – accumulating and repaying the debt 00:50:00
    • 4.5 Upgrading your bank account 03:20:00
    • 5.1 Living in shared households 00:40:00
    • 5.2 Deposit and rent 00:15:00
    • 5.3 The tenancy agreement 01:30:00
    • 5.4 Resolving issues 00:15:00
    • 5.5 A budget for shared rentals 02:30:00
    • Understanding debt and how to borrow wisely 00:10:00
    • 6.1 Borrowing – when and why? 01:20:00
    • 6.2 Alternative interest rate bases 00:45:00
    • 6.3 Good debt, bad debt? 02:00:00
    • A good credit rating and how to keep it 00:10:00
    • 7.1 To borrow or not to borrow? 00:20:00
    • 7.2 Credit rating agencies and you 04:10:00
    • Planning now for later in life – buying a home and planning your pension 00:15:00
    • 81. Talking Points 01:20:00
    • 8.2 Completing the transaction 01:30:00
    • 8.3 Auto enrolment into a pension scheme 01:20:00
    • 8.4 Recent pension reforms in the UK 01:20:00
    • Managing my money for young adults Quiz 00:40:00

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