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Managing My Money

Gain the skills to manage your personal finances: managing budgets, debts, investments, property purchase, pensions and insurance.

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Skip to 0 minutes and 11 secondsMy name's Martin Upton. I'm director of the Open University's True Potential Centre for the Public Understanding of Finance. And this eight-week course provides a step-by-step practical guide to managing your money. Before I joined the Open University, I was treasurer to the world's largest building society. So I hope my experience to understanding of finances can help you when it comes to managing your money. The journey starts by putting together the basic building blocks of financial planning, using real-life facts and figures. We look at everything from planning a pension to taking out a loan. And we also look at the bad habits that can lead to poor money management, and the things you can do to avoid them.

Skip to 0 minutes and 53 seconds We need to better understand what products exist, how they work, what they mean for us, and then taking the right steps to choose a match, maybe to products and the actions that we take to our own individual circumstances. There are some great videos, and audio quizzes, and discussions, and practical online tools. And all of these will allow you to assess your own financial position. The course will provide a financial workout for anyone who wants to take charge of their financial future, regardless of age or level of confidence. It's important to get to know lenders. There are banks and building societies, but also many others. And they're all different.

Skip to 1 minute and 31 seconds Finishing the course will give you the confidence to deal effectively with the firms that offer financial products, from credit cards to pensions. You'll be better placed to make your own decisions when shopping in the financial supermarket.

About the course

With real incomes falling and personal debt at a record high, there has never been a better time to improve your personal financial skills – Managing My Money aims to do just that.

This free online course starts by giving you practical guidance on how to compile a budget and use it to make good decisions about your spending. You’ll explore debts and investments, and find out how mortgages are used to finance home ownership. The critical issue of pension planning is explained, with guidance on different pension products.

The course concludes by examining different types of insurance and offers practical advice on how to make rational decisions about which insurance products to buy.

Using up-to-the minute data from the UK, you’ll develop financial skills and approaches that are relevant globally. The course is rich in high-quality text, images, video, audio and interactive elements to support your learning.

You can use the hashtag #FLMyMoney15 to join and contribute to Twitter conversations about this course. And you can get a taste of some of the advice this course offers in Martin Upton’s blog post: 10 Christmas spending tips: how to avoid a financial hangover in the New Year.

This course is presented on FutureLearn with the kind support of True Potential LLP.

The True Potential Centre for the Public Understanding of Finance (True Potential PUFin)

The True Potential Centre for the Public Understanding of Finance (True Potential PUFin) is a pioneering Centre of Excellence for research in the development of personal financial capabilities, based at The Open University Business School. The establishment and activities of True Potential PUFin have been made possible thanks to the generous support of True Potential LLP, which has committed to a five-year programme of financial support for the Centre totalling £1.4 million.

Educators

Requirements

This course is intended for those with an interest in developing their personal financial skills to make good decisions when managing their finances and buying financial products. The course does not require any previous experience of studying this subject.

Get a personalised, printed certificate

You can buy a Statement of Participation for this course — a personalised, printed certificate to show that you’ve taken part.