Online course in Business & Management

Finance Fundamentals: Managing the Household Balance Sheet

Explore household assets (investments, property and pensions) and liabilities (debts). Find out how to manage each effectively.

  • Duration 4 weeks
  • Weekly study 3 hours
  • Learn Free
  • Extra benefits From $74 Find out more
  • Accreditation Available More info
This course is part of the Business and Finance Fundamentals and Finance Fundamentals programs, which will enable you to master this subject in depth.

Start to manage debt, investments, property and pension funds effectively

This online course will help you manage the household balance sheet, by looking at four key assets and liabilities.

You’ll explore debt, and how it affects credit scores and your ability to borrow; investments, including savings accounts, bonds, shares and holdings in funds; property, and the costs and risks of buying and selling it; and pension funds, including how to properly plan and save for your retirement.

The Open University’s Centre for the Public Understanding of Finance created this course, with the generous support of True Potential LLP.

What topics will you cover?

  • 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

Who is this accredited by?

EOCCS: This course is accredited by EOCCS, the first international quality benchmark for online courses in business and management education.

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...

  • 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?

For further information about registration, the final assessment course, your eligibility and the BA in Business Management, visit the Open University website.

IMPORTANT! 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 2019 and 2020 are available here.

Who will you learn with?

Martin Upton

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.

A pioneer in flexible learning for over 30 years, The Open University Business School delivers transformational, high quality business and management education which is quality assured.

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.

Free
$0

Join free and you will get:

  • Access to this course for 6 weeks

Upgrade
$74

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
New

Unlimited (New!)
$249 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.