Financial Planning for Young Adults
Financial Planning for Young Adults (FPYA), developed in partnership with the CFP Board, is designed to provide an introduction to basic financial planning concepts for young adults. The FPYA course is organized across eight separate modules within a 4-week window. Topics covered include financial goal setting, saving and investing, budgeting, financial risk, borrowing and credit.
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- Level Foundation
- Duration 20 hours
- Course by University of Illinois Urbana-Champaign
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Offered by
About
Financial Planning for Young Adults (FPYA), developed in partnership with the CFP Board, is designed to provide an introduction to basic financial planning concepts for young adults. The FPYA course is organized across eight separate modules within a 4-week window. Topics covered include financial goal setting, saving and investing, budgeting, financial risk, borrowing and credit. Because financial planning is such a personal topic, you will be encouraged to define your own financial goals and objectives while we discuss concepts and provide tools which can be applied in helping you reach those goals. Within each module, you will view a combination of traditional lecture style videos along with video vignettes that introduce financial topics for discussion among participants. The video vignettes provide a unique and exciting component to this course. Each vignette introduces a real-world scenario where financial decisions must be made and financial planning concepts can be applied. You will be challenged to think critically about each scenario and decide how you might come to a resolution if ever faced with a similar situation. Finally, the course also includes material throughout which is focused on career opportunities in financial planning, including video interviews with actual CFP professionals and other professionals working in this exciting and growing career area. The final module in the class is devoted to the topic of financial planning as a career.Modules
About the Course
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2
Videos
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5
Readings
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1
Discussion
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1
Plugin
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1
Assignment
1
Assignment
- Orientation Quiz
1
Discussions
- Getting to Know Your Classmates
2
Videos
- Instructor Welcome
- Course Overview
5
Readings
- Course Syllabus
- About the Discussion Forums
- Social Media
- Updating Your Profile
- Be Aware!!!
Course Pre-Test (Optional)
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1
Readings
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1
Assignment
1
Assignment
- Financial Literacy Pretest
1
Readings
- About the Financial Literacy Quiz Pretest
Setting Financial Goals and Assessing Your Situation
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7
Videos
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2
Readings
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2
Discussion
2
Discussions
- Dream Big: Create a Picture of Where You Want to Be in 5, 10, or 25 Years
- Your Personal Balance Sheet
7
Videos
- Street Interview: If Money Were No Object...
- Lecture: Dream Big
- Vignette: Belize for Spring Break?
- Lecture: What Influences Our Financial Decisions?
- Vignette: Education, Retirement, or Fun?
- Lecture: Where Are You Now?
- Lecture: Turning Dreams into Goals
2
Readings
- Module 1 Overview
- Reading: Exploring Money Personalities Further
Graded Activities
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1
PeerReview
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1
Assignment
1
Assignment
- Module 1: Financial Goals & Assessing Your Situation Quiz
1
Peer Review
- Financial Decision-Making Influences
Budgeting and Cash Flow Management
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8
Videos
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1
Readings
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1
Discussion
1
Discussions
- Preferences for Cash Flow Management
8
Videos
- Street Interview: Do You Keep Track of Your Monthly Expenses?
- Lecture: Budgeting Overview
- Street Interview: How Can You Avoid Overspending?
- Interview: Investment Advisor Interview
- Vignette: Creating a Budget
- Lecture: Financial Services
- Lecture: Alternatives to Cash
- Street Interview: What Are the Pros and Cons of Using a Credit Card?
1
Readings
- Module 2 Overview
Graded Activities
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1
PeerReview
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1
Assignment
1
Assignment
- Module 2: Budgeting and Cash Flow Management Quiz
1
Peer Review
- Budgeting Discussion Questions
Saving Strategies
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7
Videos
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2
Readings
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1
Discussion
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1
PeerReview
1
Peer Review
- Write a SMART Savings Goal (Optional)
1
Discussions
- Should Young Adults Save Money?
7
Videos
- Street Interview: Do You Set Aside Money for Emergencies?
- Lecture: Why Save Money?
- Lecture: How to Start Saving Money
- Vignette: Set a Savings Goal
- Lecture: Build a Savings Habit
- Street Interview: What Are Some Barriers to Saving Money?
- Lecture: Barriers to Saving
2
Readings
- Module 3 Overview
- Reading: America Saves
Graded Activities
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1
Assignment
1
Assignment
- Module 3: Saving Strategies
The Time Value of Money
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1
Videos
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1
Readings
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1
Discussion
1
Discussions
- What Does the Time Value of Money Look Like?
1
Videos
- Lecture: Time Value of Money
1
Readings
- Module 4 Overview
Graded Activities
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1
Assignment
1
Assignment
- Module 4: Time Value of Money
Borrowing and Credit
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11
Videos
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1
Readings
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2
Discussion
2
Discussions
- Personal Attitudes Towards Borrowing and Debt
- Monitoring Your Credit Information
11
Videos
- Lecture: Loans and Consumer Credit
- Lecture: Borrowing and Credit: Pros and Cons
- Lecture: Loan Amortization Part One
- Lecture: Loan Amortization Part Two
- Lecture: Loan Amortization Part Three
- Vignette: What Is a Credit Report?
- Lecture: Credit Reports
- Lecture: Credit Scores
- Loan Denial Testimonial: Bad Credit History
- Loan Denial Testimonial: No Credit History
- Loan Denial Testimonial: Identity Theft
1
Readings
- Module 5 Overview
Graded Activities
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1
Assignment
1
Assignment
- Module 5: Borrowing and Credit
Investing
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7
Videos
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2
Readings
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2
Discussion
2
Discussions
- Key Investing Concepts
- When Should People Start Saving for Retirement?
7
Videos
- Street Interview: How Would You Invest $100,000?
- Lecture: Introduction to Investing Terms
- Lecture: Understanding Investment Risk
- Street Interview: What Does It Mean to Diversify Investments?
- Lecture: Diversify Your Investments
- Vignette: When to Start Saving for Retirement?
- Lecture: Investing Tips for Young Adults
2
Readings
- Module 6 Overview
- Building on Your Knowledge
Graded Activities
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1
Assignment
1
Assignment
- Module 6 Investing
Risk Management
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7
Videos
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2
Readings
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2
Discussion
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1
Assignment
1
Assignment
- Post-Test Financial Literacy
2
Discussions
- Risk Tolerance Assessment
- Life Insurance Needs Assessment
7
Videos
- Lecture: Risk Management Overview
- Street Interview: Why Do You Buy Insurance?
- Lecture: Insurance Basics
- Street Interview: What Determines the Cost of Insurance?
- Lecture: Life Insurance
- Vignette: Are You Ready for Life Insurance?
- Lecture: Insurance Risk Panel Discussion
2
Readings
- Module 7 Overview
- Financial Literacy Quiz
Graded Activities
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1
Assignment
1
Assignment
- Risk Management Quiz
Financial Planning as a Career
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7
Videos
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1
Readings
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1
Assignment
1
Assignment
- Financial Planning as a Career Quiz
7
Videos
- Street Interview: What Does a Financial Planner Do?
- Lecture: Financial Planning as a Career Part One
- Mock-Up Video: Middle-Age Couple Meeting with a Financial Planner
- Mock-Up Video: Young Client Meeting with a Financial Planner
- Lecture: Financial Planning as a Career Part Two
- Interview: Interview with a Financial Planner Video One
- Interview: Interview with a Financial Planner Video Two
1
Readings
- Module 8 Overview
CFPPro.org
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1
Videos
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1
Readings
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1
Plugin
1
Videos
- I Am A CFP® Pro: Campaign Spokepeople
1
Readings
- CFPPro.org
Auto Summary
"Financial Planning for Young Adults" is a foundational course in Business & Management designed by Coursera, in collaboration with the CFP Board. Over four weeks and eight modules, instructor-led content covers financial goal setting, saving, investing, budgeting, and more. Ideal for young adults, the course combines lectures with engaging real-world scenarios, encouraging personal financial goal setting. It also explores career opportunities in financial planning with insights from professionals. Available through a Starter subscription, this course is perfect for those aspiring to gain a solid financial foundation.
Nicholas Paulson, Ph.D.
Kathryn L. Sweedler
Charles R. Chaffin