Prepare for the future through the effective management of household finances
Each household is its own miniature financial world, with a balance sheet comprised of assets (property, investments, pensions) and liabilities (household debts). Prudent management is essential to ensure these finances deliver the best returns.
On this course, you will learn to effectively manage your household wealth. You’ll learn about different types of borrowing and the associated debts, different types of mortgage, and different ways to invest your money.
By gaining a stronger grasp of household finance, you can best prepare for the future, and ultimately for a comfortable retirement.
- Different ways of borrowing
- The cost of borrowing
- The lending institutions
- Managing debts
- Savings products and their returns
- Investment products and their returns
- Buying and selling property
- Mortgage products
- The household balance sheet and how to manage it
- Pension planning
- Pension products
When would you like to start?
Date to be announced
What will you achieve?
By the end of the course, you‘ll be able to...
- Identify and understand the different forms of borrowing and the cost of debt
- Explore the different ways to invest and the returns provided by different investments
- Identify and understand how to buy and sell property
- Explore the ways to plan for a pension income
- Identify and understand how to compile a household balance sheet and to measure the risks associated with it
Who is the course for?
This household finance course would be useful to anyone looking to more effectively manage their own household wealth and debts, with a view to preparing for the future. If you want to better understand the buying and selling of property, personal investment vehicles, and different forms of borrowing then you could benefit.
This course might also be of interest to current or aspiring business and management, finance, accounting, or actuarial science students, or financial advisors.
For further information about registration, the final assessment course, your eligibility and the BA in Business Management, visit The Open University’s website.
If you are aiming to use your study of courses in the Business and Finance Fundamentals program to obtain academic credit, please be aware that the final planned presentation of the Open University Assessment Course BXM191 Business and Finance Fundamentals in Practice starts October 2020. Please ensure that you allow yourself enough time to obtain all eight Certificates of Achievement from courses in the program before registering for the Assessment Course. Details of runs of the relevant FutureLearn courses in 2020 are available here.
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.
- LocationMilton Keynes, UK
- World rankingTop 510Source: Times Higher Education World University Rankings 2020
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