Last week it was announced that the Open University Business School has opened a new personal finance research centre, which will offer three free open-access modules to help people get to grips with managing their day-to-day finances. The team here at Ashley Park Financial Solutions think this is fantastic news and the course could benefit thousands of people across the UK.
The first modules, Personal Finance: Understanding the Basics, will be available from spring 2014 and is primarily concerned with household budgeting. Students will also cover borrowing and debt management; insurance cover; starting/managing a pension and smart savings and investments.
The second and third modules have yet to be fully defined, but will offer teaching on investment and risk, consumer rights and the financial industry in general. These modules will be available later in 2014 and 2015.
Each module has been put together by academics and industry experts who have in-depth knowledge of the financial system and the emotional effects that the mismanagement of money can cause.
At a time when so many people in Britain are struggling to pay their bills with no means of saving for the future, it is vitally important that everyone is as educated as possible when it comes to their personal finances. This announcement along with the fact that school children in England will be taught about personal finance through “financial mathematics” as of September next year, are certainly steps in the right direction towards educating the nation on sensible money management.
Making the right decisions in terms of your finances can be a daunting process with many complex things to think about. A course like this one is suitable for everyone and Ashley Park Financial Solutions certainly think it will allow the nation to feel much more confident in their financial choices, which can only be a good thing!
If you’re worried about money, visit our website for the full range of our services.