Finance Fundamentals: Financial Planning and Budgeting
Find out how to manage your income and expenditure more effectively
This online courses explore how current economic conditions impact household finances, before showing you how to manage yours more effectively.
You will find out whether you have bad financial habits and how to address them; discover a simple four-stage model for making sound financial decisions; examine the two components of household budgeting – income and expenditure – and how to manage them; and look at a key area of household spending – insurance.
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?
- Financial planning over the life course
- Prioritising plans
- Human behaviour and financial decisions
- Applying a financial decision-making model
- Income and inflation
- Income and taxation
- Government benefits
- Factors influencing household expenditure
- Creating and managing a household budget
- Understanding when to buy insurance products
- The range of insurance products
Academic credit
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. The start dates of the relevant FutureLearn courses in 2019 and 2020 are available here.
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?
What will you achieve?
By the end of the course, you'll be able to...
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.
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.
Stephen Wheat
Teach business modules for the OU and moderator for certain online Business courses.
Degree in Economics and interested how we manage our resources
simon jackson
I am an Associate Lecturer for the Open University and an educational writer
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.
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