The money is a strangely taboo subject, and many of us did it through our entire educational careers without participating in any serious money management lessons – no doubt to our detriment. A many of us manage to buy houses and surprisingly earn and save large sums of money without really understanding anything about our money. Maybe youThis is one of the reasons why the average American amount has only checked in a measly $65,000 for retirementwhile wearing a average debt of $90,460.
Educating yourself about money matters is essentialbut if you already have money problems, you definitely don’t want to spend a lot of money on financial literacy courses. Fortunately, we also live in the golden age of free (or very cheap) online education. If you apply yourself and devote the time to it, you can learn the basics of personal finance quite easily and without going too far. of your falling money. Here are some of the best free or inexpensive—financial courses for beginners.
Financial courses that cover the basics
If every time you use your credit cards is like playing an exciting game of “Will It Decline?” and your favorite method of dealing with bills is to stuff them, unopened, into a box labeled “Problems for the Future Me“, you will have to master the basics before moving forward. Fortunately, there are excellent courses available to help you achieve basic financial literacy:
- Personal finance 101: everything you need to know. This a free course that only lasts three hours, but by the end you will have a basic understanding almost everything related to personal finance, including credit scores, budgeting, debt and savings. If you’re an absolute beginner when it comes to money, this is a great place to start.
- Financial Basics Everyone Should Know. This is another course designed for complete beginners that covers all the basics. It’s $27 a month to join LinkedIn Learning, but you can start with one-month free trial, so you can take this course at no cost if you cancel before the 30 days are up. Are money, personal finance and investing a mystery to you? Here’s how to find out.
Once familiar yourself with these topticalyou can explore more specific courses:
- Taxes: If you find taxes and the mysterious way they cut your paychecks confusing, this Khan Academy free course is a great introduction.
- Budgeting: The foundation of healthy personal finances begins and ends with knowing how to create and track a budget. Create a budget 101 from Credit.org is a great free overview of how to budget like an adult.
- Savings: If your personal finance concept is constantly turning your credit card debt into new interest-free cards, you need How to Save Money: Make Smart Financial Decisions from EdX. The course is free to audit, but if you want a certificate you’ll have to cough up some dough, but (pro tip) you don’t need the certificate.
- Debt management: Debt is pretty much ingrained in modern life in America, which means no matter what you do, you’ll likely have some debt to settle. But there are good and bad debts, and having the skills to manage them will change your life. Introduction to managing your personal financial debt from Alison is a free course that will guide you to be debt free – and being debt free is like a superpower in today’s world. Another good course to take for debt management is Build sustainable wealth and get out of debt from LinkedIn Learning. Again, you need a subscription to take the course, but if you can do it in a month, you can cancel, which makes the course free.
The best courses about retirement planning
People increasingly see retirement—at least the classic concept of enjoying leisure and financial security in your older years—like a myth. The truth is, it doesn’t have to be. Notehis the truth is that no matter how old you are or how little you have saved, there is almost always time to collect some kind of retirement plan. To get there, you need to understand how it all works. Purdue University offers a terrific introduction with its free course Plan for a secure retirementwhich will guide you through the basics of planning for your retirement.
Investment companies, which have every interest in encouraging you to invest in your retirement, are another excellent resource. Avant-garde offers a series of free online courses split by age group, so no matter where you are in life, you can educate yourself and start making a plan instead of playing the lottery with growing despair.
If you need a little more structure, Udemy offers The Only Retirement Guide You’ll Ever Need, which takes a practical approach to dealing with all aspects of the financial reality of retirement. The course isn’t free, but it’s only $12, which almost any financial advisor would consider a bargain.
Course on the basics of iinvest
Sometimes it seems like everyone in the universe is investing, day trading, and sipping champagne as their huge gains roll in. Although this is not entirely true (especially in 2022)this is It is true that a sober and rational investment strategy can be an excellent way to build wealth and finance a retirement that goes beyond the basics covered in the courses above. But if you are a financial beginner (or, like me, an incompetent financier), investing seems ridiculously risky.
Part of that perceived risk is ignorance: the best way to lose money is to invest in something you don’t understand, which, if you don’t have a financial education, is literally everything. A few courses can remedy this for you:
- Manage your personal investments from LinkedIn Learning explains why investing your money isn’t just for retirement and doesn’t require huge risks or huge assets to get started. Again, there’s a cost here, but only if you let your free trial expire.
- The basics of investing! Another $12 course from Udemy, this is a comprehensive introduction to the basics of investing, demystifying the process, the risks involved, and common strategies.
- Morningstar Investment Class from investment advisory firm Morningstar is a free in-depth dive into investing that covers a wide range of topics and is an ideal follow-up to the more basic courses above. It is still designed for the newcomer, but goes a little deeper into investment strategies and concepts.
Of course, you can’t talk about financial topics these days without mentioning cryptocurrencies. Despite the hype, crypto is probably not a great place for people new to personal financial knowledge, but that has certainly never stopped anyone. If you think “buying the dip” describes your financial spirit animal, at least understand the basics before diving in:
- Cryptocurrency Fundamentals: Buying, Selling, Trading Cryptocurrencies from Udemy is a $14 extremely entry-level course. Start here if all you know about cryptocurrency is that there’s one with a cute dog as a mascot. It won’t teach you super secret get-rich-quick strategies (thank goodness), but it will get you comfortable with the basics.
- RocketFuel Crypto Education by Robert Kiyosaki and Jeff Wang is designed for people who love money but have never seen a line of computer code and see crypto as an investment opportunity, not a path to freedom from tyranny or anything like that. It will give you a solid foundation in crypto that goes a bit beyond the Udemy course so you can start making rational decisions about it.
Financial literacy is a key part of being a mature adult – and a key part of living life without a lot of the anxiety, stress, and sleepless nights that come with insolvency and debt. These courses will cost you next to nothing except your time, but the rewards could be huge.