Learning Outcomes

In this free course, you will learn how to:

• Understand the basic accounting concept of balance sheets
• Examine personal finances using balance sheets
• Evaluate the pros and cons of taking on personal debt when considering a loan
• Interpret balance sheets 
• Outline the differences between buying and renting
• Define ‘collateral’
• Perform a detailed analysis of the decision between buying and renting
• Define ‘home equity loan’
• Explain why banks ask for a downpayment of between 20% and 25%