Introduction to Personal Financial Planning
The Introduction to Personal Financial Planning is a free online course offered by Indiana University conducted by the Edx. Understand how financial planning impacts your personal wealth over a lifetime. This course develops your ability to work with income statements, balance sheets, budgets, and taxes to achieve your financial goals.
About this course
Timings: 4 – 6 hours per week
Self Paced
For more details, please visit: https://www.edx.org/course/introduction-to-personal-financial-planning
- Introduction to Personal Financial Planning is made possible by the Brian and Sheila Jellison Family Foundation.
- The Introduction to Personal Financial Planning course is designed for individuals to build financial literacy, one of the most pressing needs Americans face today.
- Financial decisions made by individuals impact the larger community in significant ways with pervasive cost due to financial mistakes.
- A recent study by the Financial Industry Regulatory Authority (FINRA) reveals over 50% of Americans have less than $10,000 saved for retirement.
- In addition, over 50% of Americans have no emergency fund, unable to cope with an unexpected car repair without borrowing funds.
- Financial literacy is an urgent need for many.
- Define the scope of personal financial planning and understand its impact
- Utilize the SMART financial planning method
- Make progress toward your financial goals and avoid common mistakes
- Evaluate the services of financial planning professionals
- Classify assets and liabilities
- Use a formula to determine net worth
- Prepare and use financial statements, including budgets
- Account for rates of return and opportunity cost
- Determine the present value of single and multiple cash flows
- Review taxation basics including filing, deductions, exemptions, credits, and audits
- Understand options to defer or avoid taxes legally and responsibly
- Get ahead in a low interest rate environment
- Deepen your understanding of how money impacts your personal satisfaction
Timings: 4 – 6 hours per week
Self Paced
For more details, please visit: https://www.edx.org/course/introduction-to-personal-financial-planning
