Personal Finance Learning Path | Alison
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Personal Finance Learning Path

We should all be financially literate as what you do not know about money can have an effect on your life. From setting up your first bank account to planning for your retirement, this Alison Learning Path in Personal Finance will give you a thorough understanding of all you need to know about finance. Financial debt can often arise due to poor planning and spending, you will learn how to reduce your personal debts in a number of valuable steps. If you are thinking about taking out your first mortgage, this learning path will help you to understand the financial concepts behind mortgages and home equity and how to negotiate the price of a house, if you have a credit or debit card or bank loan, you will learn how to distinguish between compound and simple interest and how they should be calculated. This Alison Learning Path offers a wide range of courses that cover all you need to know about personal finance. You will learn valuable lessons through the sequence of courses offered by this learning path that can be implemented into different areas of your life. This learning path will be of great interest all learners who are planning their personal finance as well as personal finance professionals who work with people who find themselves in financial difficulty.



Courses in this Learning Path

  1. Financial Literacy

    This course will guide you through the main methods for managing your money, budget and savings. You will first be shown how to manage debt successfully and understand the wide range of insurance products available to you. You will then gain a strong knowledge of wages and tax. This will help you avail of more tax benefits, better understand your pay cheque, and plan your monthly and yearly expenses more accurately.

    The course will then guide you through essential personal finance basics. This will include an overview of a range of banking products and their features, so that you can make the best choices possible. You will then be given strong tips for how to create and manage a budget. This is crucial information for staying out debt and maximising your savings. Finally, you will learn how to plan for your retirement, a skill which can make a really big difference to your life. By the end of the course you will have gained a much stronger understanding of how to manage your money in both the present and the long-term future.

    Knowing how to manage your personal finance can be the difference between saving some money every month or saving nothing at all. If you know what it feels like to run out of money before your next pay cheque arrives, or to look at your account every month and almost never see it go up, then you understand the value of this course. So take control of your personal finances today with this free and powerful course. By sticking with it for just 10 hours, you will see the rewards every month for the rest of your life!

     

    6-10 Hours
    50 Points
  2. Introduction to Managing Your Personal Finance Debts

    This course will help you get started on the road to reducing your debts and finally becoming debt free. It will first give you a clear view of exactly how much money you owe and to whom you owe it to by teaching you how to set up a debt spreadsheet. It will then discuss how you can contact credit card companies to request for a break down on your interest rates.

    Having been able to identify your debtors and how much you owe them will make it easier for you to identify which debt to prioritize and pay off first, as well as what strategy you should use to clear your debts. Next, you will learn how to choose which debt to pay based on minimum monthly payments or the highest interest rates charged. You will also cover how to implement an emergency debt elimination plan if the need arises.

    Acquiring a large amount of personal financial debt can be a source of great anxiety and worry for many people. This course is designed to give you clear guidance on how to reduce your personal financial debts and eventually become debt free. This can provide some much needed peace of mind, which can be truly invaluable. So why wait? Check out the course today, and start learning something that can really make a difference to your everyday life.

    0-1 Hours
    50 Points
  3. How to Negotiate the Price When Buying a House

    This course begins by teaching you how to negotiate the price when buying a house. Buying a house is the largest financial investment decision most people will make in their lives and can sometimes be a source of great stress and anxiety for buyers. With this course, you will learn the importance and benefits of getting the advice and guidance of financial experts when purchasing a house but cannot afford it.

    You will then follow a couple who wants to buy a house and learn from their example to avoid expensive mistakes. Buying your own home has its benefits. It gives you the satisfaction of owning the house you live in, better privacy, predictable and more stable cost, and the opportunity to have close ties with your community. Homes also increase in value, build equity, and provide a nest egg for the future.

    Buying a home is an exciting but scary milestone in one's life and homeownership is a long-term financial commitment. With this course, people who are planning to buy a home or is in the process of buying a house will learn tips and techniques useful when negotiating the price of the house they're eyeing. Make sure to check out this course to enhance your negotiation skills before making the big move. 

    1-2 Hour
    50 Points
  4. Understanding Mortgages and Home Equity

    Taking out a mortgage for a house or property is the biggest financial commitment most people make in their lives. Because of this it is of vital importance that people understand the financial concepts behind mortgages and home equity.

    In this course you will learn about the concepts of assets, liabilities and equity in relation to obtaining a mortgage from a financial institution to purchase a house. You will also learn how to calculate the monthly interest repayments for a mortgage.

    This course will be of great interest to all learners who are considering purchasing a house or property and who would like to learn more about the financial concepts behind mortgages and home equity.

    1-2 Hour
    50 Points
  5. Introduction to Life Insurance and Retirement Savings

    Term life insurance and whole life insurance are two important kinds of life insurance policies. This course will discuss the difference between whole and term life insurance. You will learn that a term life insurance policy lasts for only a fixed number of years depending on the policy while a whole life insurance policy lasts for the duration of the policy holder's life. This course will also discuss premium and beneficiary.

    The acronym IRA stands for Individual Retirement Account. This course will discuss the Traditional IRA and Roth IRA, which are two crucial types of IRAs. You will learn that if you withdraw money early from a Traditional IRA account, you will have to pay penalties and taxes. This course will also discuss the 401(K) which is very similar to a Traditional IRA. You will learn that in the Roth IRA tax is not deferred, while in a 401(K) tax is deferred.

    Having adequate life insurance and retirement savings are two very important aspects of personal financial planning. This course will make sure you understand the basic forms of both life insurance and retirement savings with an emphasis on its application in the U.S. You will learn how it can help support dependents, and provide immediate cash at death that can help pay the deceased's debts, funeral expenses, and income or estate taxes. So, check out the course today, and start learning more about your important personal finances.

    1-2 Hour
    50 Points
  6. Introduction to Personal and Corporate Taxes

    This course begins with an introduction to the basics of the US income tax rate schedule. You will study the alternative minimum tax (AMT) which ensures that the taxpayers pay at least a minimum and recalculates income tax after adding certain tax preference items back into adjusted gross income. You will also study the estate tax which is a tax with a value that exceeds an exclusion limit set by law and levied on estates.

    You will then look into federal taxes which are taxes paid to the national government, rather than to a state government. You will learn how to calculate federal taxes and also study the meaning and calculations for state taxes which is a direct tax levied by a state on your income. This course will also teach you about limited liability as applied to corporations. You will learn that limited liability limits a person's financial liability to a fixed sum, usually the value of his/her investment in a company or partnership.

    There is an old saying that there are two certainties in life which are death and taxes. This is why it is a must that you gain a good understanding of personal and corporate taxes. Upon the completion of this course, you will become familiar with the basics of US income tax rate schedule, the alternative minimum tax, the basics of the estate tax, the calculation of federal and state taxes, and limited liability as applied to corporations. Sign up for this course and start your learning journey today!

    1-2 Hour
    50 Points
  7. Introduction to Simple and Compound Interest

    Any person with a bank account, credit card or bank loan will come across aspects of simple interest and compound interest. However, many people have difficulty in distinguishing between the two types of interest and how they should be calculated. In this free online course you will learn why simple interest is called simple interest, how simple interest is used in daily life and how it is calculated.

    Compound interest, as the name implies, is a little more complicated but this course explains the concept clearly and covers the methods used for calculating compound interest.

    This course will be of great interest to all learners who are intimidated by financial concepts such as simple interest and compound interest, and would like to study a course that explains these concepts in a step-by-step and easy to follow manner.

    1-2 Hour
    50 Points

Complete!

Successfully complete all of these courses to receive a Personal Finance Learning Path Award.

All your learning will be reflected in your Learner Record, which you can download for free at any time.

You also have the option of purchasing an Alison Certificate for each of the above courses you successfully complete.



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