Have you ever considered money management courses?
Online courses are the new trend, and you can find handy courses in all industries, including personal finance and budgeting. However, these courses are usually behind a paywall, leaving potential students unsure whether they are worth the cost.
This guide will explore the world of personal finance courses, what they entail and whether they are worth the investment.
Money management courses are all about financial knowledge, but don’t assume they are a quick fix for your finances!
Rather than fixing your money troubles for you, these financial planning courses equip you with accurate knowledge and practical tips on how to build your savings, pay off debt and make smarter money decisions.
Typical topics in these courses include:
The best money management courses will cover these topics and more, ensuring you leave with a comprehensive understanding and plenty of resources.
These days, most money courses are online.
Once you have found a course, you will need to sign up or download the content, which almost always includes a subscription or a one-time fee.
You will get access to video tutorials, worksheets, informative PDFs and sometimes live weekly sessions after you have paid.
A few financial gurus offer one-to-one training, where you comb through your personal finances together, but this comes at a higher price.
Yes and no – the answer ultimately depends on which course you choose, your existing knowledge and your financial situation.
Let’s take two examples:
Example 1: Person A is living paycheck to paycheck and is looking for a quick fix for their finances. They are considering paying for a course with their credit card, hoping it will bring a quick change to their situation.
Example 2: Person B can pay for the course from their disposable income and is looking for a learning resource.
Here, Person B would benefit much more from a course than Person A, as they are not treating it as a quick fix and are not spending beyond their means to pay for it.
Of course, these are two extreme examples. The key thing to know is that a course is only worth it if the content will actually help you learn and if you are ready to make changes without expecting instant results.
There are plenty of free online options for personal finance help in the UK, such as Money Helper and forums like r/UKPersonalFinance. Resources like these cover all important topics, and you won’t have to worry about paying for the information.
If you are considering UK money courses, make sure you know what to look for before diving in.
Here are some key elements to consider:
You may also want to first broaden your personal finance knowledge before researching which course to study, so you know what topics are most important for your finances.
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For more helpful information about how to manage your money, different financial products or what we do at Polar Credit, take a look at our Info Hub.