Currently, only 17 states require personal finance to be taught in schools. Finances play a massive roll in our everyday lives and from the age of 18, we are thrust into the world with very little knowledge of how to succeed. We are thrown into society armed with the knowledge of how to calculate the area of a triangle, but we don’t understand the importance of interest rates on credit cards and loans or budgeting basics.
Some argue that the responsibility of personal finance should start with parents. In many ways this is true. Parents can teach the value of work and money through chores and allowances. Parents can also teach their children the importance of saving for a rainy day. But when you look at the statistics of how today’s adults are doing, it only proves the point that we should be supplementing financial literacy with formalized education. At this time 33% of Americans do not have any retirement savings and half of Americans don’t have the cash to cover a $400.00 emergency.
Until that fine day when personal finance is added to our public-school curriculum, there are a few free online personal finance courses that are available to those who are interested in expanding their own knowledge. The following are free online courses that are open to the public.
Purdue University’s Planning for a Secure Retirement Course
This online course, located on Purdue University’s College of Agriculture page, has 10 self-guided modules, all with lessons designed to teach you how to have a successful retirement.
Brigham Young University’s Personal Finance Course
There’s a wealth of information available in Brigham Young University’s free online personal finance class, which offers beginner-, intermediate- and advanced-level courses. Users can access the coursework for free and learn with videos and money-management assignments. The class offers a do-it-yourself approach and covers topics such as tips for achieving financial independence, saving strategies, stock basics and tips for setting and achieving long-term financial goals.
For a fresh start with your personal finances contact your Yuba City bankruptcy attorney at (530) 797-4402.
Categorized in: Assets