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
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 Hours50 Points
Introduction to Managing Your Personal Finance Debts
Personal financial debt can be a source of great anxiety and worry for many people, and it can be difficult to know where to start when you want to take control of your financial debts.
This course helps you get started on the road to reducing your personal financial debts and becoming debt free. The course offers you a clear way of understanding exactly how much money you owe and to whom by setting up a debt spreadsheet, how to contact credit card companies to request a break on interest rates, how to prioritise which debt to pay off first, what strategy you should use to pay off debts based on minimum monthly payments or highest interest rates charged, and how to implement an emergency debt elimination plan if needed.
This course will be of great interest to personal finance professionals who work with people who find themselves in financial difficulty and to anyone who wants clear guidance on how to reduce their personal financial debts and become debt free.0-1 Hours50 Points
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 be a source of great stress and anxiety for buyers. Many people would benefit from the advice and guidance of financial experts when purchasing a house but cannot afford it. This course about negotiating techniques for house buyers has been developed by Procurement Academy, a training institute dedicated to the development and training of procurement professionals.
This course will give you a thorough knowledge and understanding of how to negotiate the price when buying a house directly from the seller or from a professional estate agent. You will follow the example of a couple who want to buy a house and learn from their example to avoid expensive mistakes.
This course will be of great interest to anyone who is planning to or is in the process of buying a house, and also to procurement professionals who will learn tips and techniques related to negotiating skills when buying a house. Even if you have bought and live securely and happily in your home and you have no notion of moving, help your neighbours, friends, work colleagues and family to make the best deal possible when purchasing their home by telling them about this course.1-2 Hour50 Points
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 Hour50 Points
Introduction to Life Insurance and Retirement Savings
Having adequate life insurance and retirement savings are two very important aspects of personal financial planning. This personal finance course introduces and explains the basic forms of both life insurance and retirement savings with an emphasis on its application in the U.S. Both term life insurance and whole life insurance are clearly explained with examples, the features of Traditional Individual Retirement Accounts (IRAs) and Roth IRAs are reviewed and the similarities and differences between Traditional IRAs and 401(K)s are described. This course will be of great interest to all learners who are planning their personal finances and would like a clear knowledge and understanding of both life insurance and retirement savings.1-2 Hour50 Points
Introduction to Personal and Corporate Taxes
There is an old saying that the two certainties in life are death and taxes. In this course aspects of personal taxation and corporate taxation are reviewed with an emphasis on the US taxation system.
In this course you will learn how to calculate tax rates on personal income and what the difference between tax deductions and tax credits is. You will also learn about estate tax and how it is calculated and how to calculate both federal and state taxes. You will also learn how the taxation system affects limited liability corporations.
This course will be of great interest to all learners who would like more information about how the taxation system can affect both the private individual and corporations and businesses.1-2 Hour50 Points
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 Hour50 Points