MSE launches 'Academoney' financial education course with the Open University
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MSE launches 'Academoney' financial education course with the Open University

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Posted 21st May
MoneySavingExpert.com is today launching the The Academoney, or more formally the MSE Academy of Money - a new, free adult online financial education course provided jointly with the Open University.

What does the MSE Academy of Money course cover?The course is made up of six two-hour sessions on key aspects of personal finance, including explanatory videos by MSE founder Martin Lewis. You can choose to complete one session, more or all of them:

  • Making good spending decisions. This session develops your approach to money management by exploring the behavioural and marketing pressures which influence buying decisions, and looking at a simple four-stage decision-making model.

  • Budgeting and taxation. This session looks at how to calculate net incomes. It explores spending patterns, how national insurance and income tax work, and how to build a successful budget.

  • Borrowing money. This session looks at how different types of debt work, exploring the differences between them and the dangers. It looks at the concept of "good debt, bad debt" and how to borrow sensibly.

  • Understanding mortgages. This session gives a grounding in how mortgage products work, including interest rates, repayments and possible penalties. It also looks at mortgages from the lender's perspective, explaining why your mobile phone contract could affect how much you borrow.

  • Saving and investment. This session explains the difference between saving and investing. It looks at different types of savings vehicles and the basics of investments such as shares, bonds and commodities – and the associated risks.

  • Planning for retirement. This session is designed both for those who are retiring imminently and those who have many years to go. It looks at how state pensions, occupational pension schemes and personal pension schemes work, and the differences between them.


Link to the course: open.edu/ope…tab
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MSE link

That website has saved me almost as much as HUKD has cost me...
Good share. Should also be taught in secondary schools too, when they're open again, IMO
This should be mandatory - right from an early age because otherwise by the time you realise you are in trouble - its usually too late.
15 Comments
Good share. Should also be taught in secondary schools too, when they're open again, IMO
MSE link

That website has saved me almost as much as HUKD has cost me...
Beano197721/05/2020 11:56

Good share. Should also be taught in secondary schools too, when they're …Good share. Should also be taught in secondary schools too, when they're open again, IMO


There’s a reason basic finance & money skills are not taught at school, as part of the national curriculum.

It’s quite deliberate & quite wrong.
Edited by: "Libertas" 21st May
This should be mandatory - right from an early age because otherwise by the time you realise you are in trouble - its usually too late.
Thank you for share. Enrolled just now . Need to make most while we in lockdown x
They should make this mandatory not only in schools but for anyone claiming benefits as they obviously can't be taught at school any longer.
nanuek21/05/2020 12:18

MSE linkThat website has saved me almost as much as HUKD has cost me...



Lol
Heat
Libertas21/05/2020 12:19

There’s a reason basic finance & money skills are not taught at school, as …There’s a reason basic finance & money skills are not taught at school, as part of the national curriculum.It’s quite deliberate & quite wrong.


There is? What would that reason be then?
Can I get student prime with this?
Invaluable knowledge. Heat and signed up.
matwalaboy21/05/2020 13:25

This should be mandatory - right from an early age because otherwise by …This should be mandatory - right from an early age because otherwise by the time you realise you are in trouble - its usually too late.



Completely agree. So many people are so foolish with their money. But I suppose that's what the economy depends on.
Its worth enrolling even if it wasnt free.
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