It’s no secret that financial education is a problem in the US.s.What less than a third of adults understand the basics of financial education by the time they reach their forties. But you don’t have to be an expert to get ahead either, as knowing some of the basics can go a long way. Fortunately, there are plenty of online courses that cover personal finance topics, and you don’t even have to pay a dime. Here’s a look at some that are free:
Finance Basics Everyone Should Know
This LinkedIAn easy way to get started, this class is just over an hour long and covers the basics of banking, credit scores, the stock market, insurance, and retirement savings. It’s free with a 30-day LinkedIn Learning trial, after which you pay $29.99/month, or $19.99/month with an annual subscription (just don’t forget to cancel your trial if you’re only interested in this course). click here for more information.
Alison.com Financial Education Course
This is a short finance course that takes six to 10 hours to complete. The site is clunky, but the course does a good job of covering personal finance topics like budgeting, staying out of debt, and retirement planning. For more information, click here.
Financial planning for young adults
From online education platform Coursera, this course covers financial goal setting, budgeting, borrowing, credit, saving, and investing There is a final module on becoming a financial planner that may not be of interest to everyone, but the rest of the material covers all the basics. The course is four weeks long if you book 5-7 hours per week. click here for more information.
Finance for everyone: smart decision-making tools
This six-week course from the University of Michigan is designed to help you understand the basics of finance so you can make smart financial decisions, whether you’re renting or buying, evaluating auto, home, and student loans, or deciding whether to go to University. click here for more information.
Finance for non-financial professionals
Rice University offers fiveOne week course intended to be a first step for anyone curious to understand stock markets, valuation or corporate finance. The lessons focus on how to make good spending decisions based on strong fiscal discipline, and will guide you through all the tools and quantitative analysis finance professionals use to evaluate investments. click here for more information.
Yale University’s free course delves a little deeper into micro and macroeconomic issues as they relate to the workings of financial markets. You’ll learn about the securities, insurance, and banking industries as they recount recent past events, including recessions, bubbles, the mortgage crisis, and regulatory issues. click here for more information.