A free financial literacy course is available to everyone in an open and online offering from Open2Study and Macquarie University in Sydney Australia. The four week course, beginning March 20, 2017, will expand your knowledge of personal finance as you explore topics such as financial goals and planning, savings, investing, risk, compound interest, debt, avoiding common mistakes, etc. You will learn how to establish goals and turn your newfound knowledge into a lifelong wealth-building plan.
Each weekly module consists of video, quizzes, and an assessment, requiring about 2 – 4 hours of study depending on the student. Upon passing, you will receive a non-credit Certificate of Achievement. While this does not represent a designated financial qualification, it does demonstrate to employers your commitment to continuing education and lifelong learning. A free course like this is also a great way to ‘test the waters’ if you are considering pursuing a career in this area.
For more information – https://www.open2study.com/courses/financial-literacy
Why Financial Literacy?
Everyone needs a basic level of financial literacy, or you may find yourself in serious debt trouble, turned down for a job or promotion, unprepared for emergencies, and a myriad of other predicaments such as never being able to rise out of poverty. You have nothing to lose when a course like this is free – even if you don’t pass, you will still walk away with some beneficial financial knowledge.
In 2013, the FINRA Foundation released the results of America’s State-By-State Financial Capability Survey – the findings were dismal at best.
- Younger Americans, especially those who are 34 and under, are more likely to show signs of financial stress, including taking a loan or hardship withdrawal from their retirement account or making late mortgage payments.
- Younger Americans are more likely than older Americans to have unpaid medical bills. Of those surveyed, 31 percent of Americans aged 18-34 reported having unpaid medical bills compared to 17 percent for Americans aged 55 or older.
- Fewer than half (41 percent) of Americans surveyed reported spending less than their income.
- Over a quarter (26 percent) of Americans reported having unpaid medical bills.
- More than half of Americans (56 percent) do not have rainy-day savings to cover three months of unanticipated financial emergencies.
- Over a third of Americans (34 percent) reported paying only the minimum credit card payment during the past year.
- On a test of five basic financial literacy questions, the national average was 2.88 correct answers.