FINANCIAL ESSENTIALS COURSE
Our course have been designed in a non-technical way to help people understand and manage their money more effectively by covering a range of topics that are relevant to everyone, regardless of their age.
What the course includes?
The course has been designed in a non-technical way to help people understand and manage their money more effectively by covering a range of topics that are relevant to everyone, regardless of their age.
The course includes 12 lessons with presentations for each lesson and covers everything from day to day budgeting to investments and pensions. There is an assessment to check your understanding after each lesson.
Access and cost
- Access is provided until at least until a month after we add our final lesson, you will have a minimum of 12 months access
- Cost £10
- Certificate of completion
In our society today there are more and more things to buy and an increasing number of ways to buy them as technology continues to develop. Many forms of advertising and marketing by companies are designed to tempt us into spending, not just on the things that are essential for our survival, but also the latest ‘must have’ gadgets and fashions.
Although having choice and variety is a good thing, the constant evolvement in how we use money, where we use it and what we use it for, has also enabled criminals to develop a range of scams that can trick us into parting with our money, for nothing in return.
Being able to understand and manage our money and keep it safe is essential to allow us to:
- Maintain our standard of living
- Work towards achieving our future plans and dreams
- Live without financial fears and worries that can be long-lasting and take a serious toll on our physical and mental health
In the lessons there are interactive elements to help you understand the topic, and questions throughout to check your knowledge. On the completion of each lesson there are multiple choice questions to allow you to check your overall understanding and retention of key points of knowledge.
There is a final assessment covering the whole course as a final test of your knowledge.
This course covers these 12 lessons:
- What is income?
- Receiving income
- What is income tax?
- Calculating income tax
- Paying income tax
- Being self-employed
- What is National Insurance?
- Classes of National Insurance contributions
- Paying National Insurance contributions
- Collection of National Insurance contributions
- National Insurance credits
- What is borrowing?
- Arranging borrowing
- Types of unsecured borrowing
- Types of secured borrowing
- What type of loan to choose?
- Managing loans and credit
- What is interest?
- Simple interest
- Compound interest
- Payment of interest
- Comparing and choosing a savings account
- Setting of interest rates
- Interest rates and inflation
- Interest and Tax
- What is a pension?
- Why have a pension?
- Types of pension
- Contributing to a pension
- Additional tax benefits
- Drawing pension benefits
- What is insurance?
- Life and health insurance
- Types of life and health insurance
- Buying life and health insurance
- Taxation of life and health insurances
- The need for security
- Ways of carrying out identity theft
- Keeping yourself protected
- What to do if the worst does happen
- Data protection
- Money mules
Who is this course for?
You do not need to have any prior qualifications to complete this Financial Essentials course. It has been designed in a non-technical way to help you to understand and manage your money more effectively, by covering a range of topics that are relevant to everyone, regardless of where you live in the UK, your age and whether or not you are currently earning money.