Course

The Fundamentals of Personal Finance

SoFi

This Specialization equips learners with essential personal finance skills to manage their money effectively. Whether you are just starting out or planning for retirement, this comprehensive program covers budgeting, investing, debt management, saving for the future, and risk management.

  • Explore budgeting, credit scores, cash flow, and setting financial goals.
  • Understand the importance of compounding growth and setting savings goals for retirement, home buying, and education funding.
  • Learn to manage various types of debt and differentiate between good and bad debt.
  • Gain insight into different investment vehicles, risk tolerance, diversification, and active vs. passive investing.
  • Discover the role of insurance in financial planning, covering life, health, disability, homeowners, renters, auto, and umbrella insurance, as well as estate planning.

With engaging videos, readings, and practical activities, this program prepares learners to understand their current financial state and take actionable steps to work towards their financial goals.

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The Fundamentals of Personal Finance
Course Modules

Covering a variety of personal finance topics, the course modules include an Introduction to Personal Finance, Saving Money for the Future, Managing Debt, Fundamentals of Investing, and Risk Management in Personal Finance. Each module provides comprehensive insights for taking control of personal finances.

Introduction to Personal Finance

This course is a general overview of a variety of personal finance topics, including budgeting, credit scores, cash flow, setting financial goals, and taxes. Taught by CERTIFIED FINANCIAL PLANNER™ Professionals, the concepts are broken down through videos, readings, and activities to improve your understanding of basic personal finance terminology and its application to your own financial situation.

Saving Money for the Future

Learners will understand the importance of compounding growth, setting goals for retirement savings, and how much money is needed to save for future goals. The course also covers preparing for emergencies and managing individual goals like retirement, home buying, and funding college for children.

Managing Debt

This course covers a variety of debt types, debt payment options, and paths to paying off debt, including mortgages, credit card debt, and student loans. Furthermore, it helps learners differentiate between good and bad debt and integrate debt management into their financial goals.

Fundamentals of Investing

Primarily aimed at novice investors, this course covers different investment vehicles, risk tolerance, diversification, active and passive investing, investment fees, and taxes. It provides the knowledge to feel comfortable in making investment decisions for yourself and your family.

Risk Management in Personal Finance

This course primarily aims to help learners understand how to protect their finances from unexpected events. It covers the role of insurance in financial planning, including life, health, disability, homeowners, renters, auto, and umbrella insurance, as well as estate planning and special considerations for new parents.

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