Online course

Managing My Money for Young Adults

Learn how to make the most of your money and learn the skills you need to navigate the complex world of personal finance.

  • Duration 8 weeks
  • Weekly study 3 hours
  • Learn Free
  • Extra benefits From $44 Find out more

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.

What topics will you cover?

  • 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.

When would you like to start?

Most FutureLearn courses run multiple times. Every run of a course has a set start date but you can join it and work through it after it starts. Find out more

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 will you learn with?

Martin Upton

I am Director of the True Potential Centre for the Public Understanding of Finance (PUFin) at the OU Business School. Previously I was Treasurer of Nationwide Building Society.

Who developed the course?

The Open University (OU) is the largest academic institution in the UK and a world leader in flexible distance learning, with a mission to be open to people, places, methods and ideas.

Join this course

Start this course for free, upgrade for extra benefits, or buy Unlimited to access this course and hundreds of other short courses for a year.


Join free and you will get:

  • Access to this course for 10 weeks


Upgrade this course and you will get:

  • Access to this course for as long as it’s on FutureLearn
  • Access to this course’s tests as well as a print and digital Certificate of Achievement once you’re eligible

Unlimited (New!)
$269 for one year

Buy Unlimited and you will get:

  • Access to this course, and hundreds of other FutureLearn short courses and tests for a year
  • A printable digital Certificate of Achievement on all short courses once you’re eligible
  • The freedom to keep access to any course you've achieved a digital Certificate of Achievement on, for as long as the course exists on FutureLearn
  • The flexibility to complete your choice of short courses in your own time within the year
Find out more about upgrades or Unlimited.