Weekly study3 hours
Managing My Money for Young Adults
This course isn't running right now. We can email you when it starts again, or check out these other courses you might like.
Take control of your financial future by learning how to manage your money
Despite the introduction of mandatory personal finance education in UK secondary schools, those aged 18-24 are one of the age groups most likely to be in debt – representing over a fifth of the UK’s debt-burdened population.
In this course you’ll learn to budget effectively, taking into account changes like getting older and leaving the family home. You’ll understand how to choose and manage savings accounts, and you’ll discover how to borrow sensibly and manage debts effectively. Ultimately, you’ll gain the ability to plan ahead and make your goals financially achievable.
This course will not run again on FutureLearn; however, a version of the course is available on OpenLearn.
- Week 1 - Savings accounts, bank accounts, and credit cards.
- Week 2 - The world of work, pay and taxation.
- Week 3 - How young adults spend their money, possible risks of shopping online, and simple budgeting for young adults living in the family home.
- Week 4 - Options after secondary education, financial consequences of higher education, and budgeting and financial management when living away from home.
- Week 5 - Living in a shared rental with other young adults.
- Week 6 - Effective management of personal debt.
- Week 7 - Credit ratings: how to attain and maintain an excellent credit score.
- Week 8 - Property and pensions.
Learning on this course
On every step of the course you can meet other learners, share your ideas and join in with active discussions in the comments.
What will you achieve?
By the end of the course, you‘ll be able to...
- Demonstrate how to budget effectively, taking into account changes such as getting older and leaving the family home
- Explore and understand how to choose and manage bank and savings accounts
- Assess and understand how to finance further and higher education studies
- Evaluate lending and how to borrow sensibly and manage debts effectively
- Calculate and plan ahead to make life's goals financially achievable
Who is the course for?
16-18 year olds preparing for life after school or college. It is also relevant to those in their early 20s, preparing to leave higher education - or who have just recently left. This course is aimed at learners in the UK, however many of the subjects covered are relevant to learners in other countries.
This course has been generously funded by The Chartered Accountants’ Livery Company Charity.
Who developed the course?
As the UK’s largest university, The Open University (OU) supports thousands of students to achieve their goals and ambitions via supported distance learning, helping to fit learning around professional and personal life commitments.
LocationMilton Keynes, UK
World rankingTop 510Source: Times Higher Education World University Rankings 2020