It’s no secret that financial literacy is a problem in the United States.S., as less than a third of adults understand basic financial literacy topics before reaching their 40s. But you also don’t need to be an expert to get by, as knowing some basics can be very helpful. Fortunately, there are plenty of online courses that cover topics related to personal finance, and you don’t even have to pay a dime. Here are a few that are free:
The Basics of Finance Everyone Should Know
This LinkedIA course is an easy way to start, as it takes just over an hour and explains 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 (don’t forget to cancel your trial if you are only interested in this course). Click here for more information.
Alison.com Financial Literacy Course
This is a short course in finance that lasts six to 10 hours. The site is clunky, but the course does a good job of covering personal finance topics such as budgeting, debt avoidance, and retirement planning. For more information, click here.
Financial planning for young adults
Of the online education platform Coursera, this course covers financial goal setting, budgeting, borrowing, credit, savings, and invest. There is one final module on becoming a financial planner that might not be of interest to everyone, but the rest of the material covers all the basics. The course lasts four weeks if you reserve 5-7 hours for each week. Click here for more information.
Finance for all: smart tools for decision-making
This six-week course at the University of Michigan is designed to help you understand the basics of finance so you can make wise financial choices, whether it’s leasing or buying, evaluating car, home and student loans, or deciding to go to college. Click here for more information.
Finance for non-finance professionals
Rice University offers five-One week course intended to be a first step for anyone curious about understanding stock markets, valuation or corporate finance. The lessons focus on how to make good spending decisions based on sound budget discipline, and they will walk you through all the tools and quantitative analysis that finance professionals use to value investments. Click here for more information.
Yale University’s free course delves a bit into micro and macroeconomic topics related to how financial markets work. You will learn about the securities, insurance and banking industries in relation to recent past events, including recessions, bubbles, the mortgage crisis and regulatory issues. Click here for more information.