Personal Finance 101: How to Manage Your Money

Self-Paced, Online Course
South Plainfield Free Public Library
  • 11
  • 18
    Exams &
  • 5
    average time
  • 0.5
    Video Audit

Course Description

Imagine you're going on a trip…It sounds odd, but your journey to understanding, growing and maintaining personal finance starts with your imagination. That's not all it takes, but, by imagining, dreaming and believing, these intangibles will begin to take shape.

Of course, you'll need tangible actions to achieve your results. After all, you can believe you want to go on a cruise, but until you step on the boat, you'll never get there.

During this course, you'll learn the ins and outs of your individual financial journey in a fun and unique way--as a travel itinerary. You'll be provided with everything you need to understand your spending habits, chart your progress, grow your current savings and achieve your dreams. This course is broken up into three parts: Plan, Execute and Travel. Plan--maintain checking and savings accounts, create assessments in order to understand your financial standing and create a foundation for your financial standing, Execute-- manage debt, build and manage your credit score as well as balance accounts for future financial security--and finally, Travel--live your dream by generating wealth and controlling spending, making sound investments in stocks and bonds, and even begin starting and growing retirement accounts. These are your steps to financial freedom and you can achieve them all from within the comfort of your home. No matter where you are in your journey, by end of this course, you'll have a clear map to where you want to go and helpful hints to guide you along the way.


Course Lessons

Lesson 1: Introduction to Personal Finances

Why is it important to be attentive to your personal finances? Additional lesson topics: How to Do an Annual Financial Check-Up; Money Management Basics 10 Total Points
  • Lesson 1 Video
  • Lesson discussions: Reasons for Taking this Course
  • Complete Assignment: An Introduction
  • Assessment: Lesson 1: Introduction

Lesson 2: Assets

What does the word "plan" mean to you? Do you think of effort, action, or toil? Additional lesson topics: 3 Principles of Personal Finance; Personal Finance 101 20 Total Points
  • Lesson 2 Video
  • Complete: Lesson 2 Assignment
  • Assessment: Lesson 2: Assets

Lesson 3: Liquid and Non-Liquid Assets

The term "liquid" means "the measure of the extent to which a person or firm has -- or has the ability to quickly put hands on -- cash to meet immediate and short-term obligations." Additional lesson topics: What are Liquid Assets?; What Is Non-Liquid Inventory? 10 Total Points
  • Lesson 3 Video
  • Assessment: Lesson 3: Liquid and Non-Liquid Assets

Lesson 4: Checking

Checking accounts are transaction accounts that allow you to authorize the transfer of money to another person or organization, either by writing a check, withdrawing cash, or by making an electronic transfer. Additional lesson topics: Tips for Protecting a Checking Account 19 Total Points
  • Lesson 4 Video
  • Lesson discussions: Checking Account
  • Complete: Lesson 4 Assignment
  • Assessment: Lesson 4: Checking

Lesson 5: Savings Savvy

Motley Fool, a company whose purpose is to "educate, amuse, and enrich" says the number one rule for asset allocation is: "If you need the money in the next year, it should be in cash. Additional lesson topics: Basic Savings Account 20 Total Points
  • Lesson 5 Video
  • Complete: Lesson 5 Assignment
  • Assessment: Lesson 5: Savings Savvy

Lesson 6: Ideas to Generate More Money

Understanding income and cash flow is paramount to achieving financial independence. 10 Total Points
  • Lesson 6 Video
  • Assessment: Exam 6

Lesson 7: Debt

The first step in determining your place in the debt-to-comfort zone is to measure your expenditures -- your money outflow. Additional lesson topics: Debt Elimination Tips 12 Total Points
  • Lesson 7 Video
  • Complete: Lesson 7 Assignment
  • Assessment: Lesson 7: Debt

Lesson 8: Credit Cards

Credit cards are the easiest and fastest way, by far, to pay for goods and services. Bills can even be paid by credit card. 9 Total Points
  • Lesson 8 Video
  • Lesson discussions: Credit Cards
  • Assessment: Lesson 8: Credit Cards

Lesson 9: Investments

Should you always invest a portion of your savings in securities like stocks and mutual funds? Additional lesson topics: Investments 9 Total Points
  • Lesson 9 Video
  • Assessment: Lesson 9: Investments

Lesson 10: Loans

Loans come in as many varieties as there are people and circumstances. 10 Total Points
  • Lesson 10 Video
  • Assessment: Lesson 10: Loans

Lesson 11: Conclusion

You're back from your dream vacation, tanned and relaxed. With any hope, your financial outlook is rosy. Review your itinerary and your journey through the three steps - plan, execute and travel. Additional lesson topics: 10 Tips for Staying on Budget; Tips on Saving Money 58 Total Points
  • Lesson 11 Video
  • Lesson discussions: What do you think about this course?; Program Evaluation Follow-up Survey (End of Course); Course Comments
  • Complete: Lesson 11 Assignment
  • Assessment: Lesson 11: Conclusion
  • Assessment: Final Exam
Total Course Points

Learning Outcomes

By successfully completing this course, students will be able to:
  • Define what personal finances are and their importance on your life.
  • Define your assets.
  • Describe and define your liquid and non-liquid assets.
  • Describe checking accounts, saving accounts, mobile banking.
  • Define what your debt is.
  • Know what credit cards are and how they can be both helpful and harmful.
  • Identify investments.
  • Know loans and what to look for, and
  • Demonstrate mastery of lesson content at levels of 70% or higher.

Additional Course Information

Online CEU Certificate
  • Document Your Lifelong Learning Achievements
  • Earn an Official Certificate Documenting Course Hours and CEUs
  • Verify Your Certificate with a Unique Serial Number Online
  • View and Share Your Certificate Online or Download/Print as PDF
  • Display Your Certificate on Your Resume and Promote Your Achievements Using Social Media
Document Your CEUs on Your Resume
Course Title: Personal Finance 101: How to Manage Your Money
Course Number: 8900067
Instructor: John Chouinard
Syllabus: View Syllabus
Grading Policy: Earn a final grade of 70% or higher to receive an online/downloadable CEU Certification documenting CEUs earned
Assessment Method: Lesson assignments and review exams

Student Testimonials

  • "I am grateful to the instructor for creating this course and for making the material easy to follow and digest. I don't know what other classes/courses if any, this instructor might have available, but I might be willing to take them as well....I was very pleased with this course....Outstanding instructor....Excellent course and would like to recommend this course to others to follow....This course was extremely helpful for my husband and I! We learned so much about financial matters and have started to execute the plan! Thank you so much for this knowledge and also for the positive feedback from my assignments!...This course was very helpful in getting me to understand how to manage personal finances. The information, resources, and videos provided were all great tools. I cannot think of anything else that should be added or included in this educational course....Overall, this course was helpful, which inspired me to continue my financial journey, live within my means and stay financially disciplined. All the materials were great, really enjoyed the videos of all the lessons, fun and educating. Thank you!" -- Patricia W.
  • "The instructor was beyond excellent." -- Janet D.
  • "The instructor was very good and gave positive feedback. Found everything in the class most useful." -- Marlis W.
  • "The Instructor seemed very nice, and answered me in a timely manner. I really enjoyed the lessons on debt, and the one on Loans. These were my favorites because of the fact I wanted to know more about this in my life. I am not overwhelmed with debt but don't want to be!" -- Theresa J.
  • "To be honest, just every thing was very well done....The instructer gave me great feedback." -- Henry N.
  • "This is a great course. Very well designed and extremely helpful." -- Mohammad H.