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Introduction to Personal Finance
  • Level Foundation
  • Duration 12 hours
  • Course by SoFi
  • Offered by

About

This course is a general overview of a variety of personal finance topics - including budgeting, the importance of your credit score, cash flow, setting financial goals, and taxes. Taught by two CERTIFIED FINANCIAL PLANNER™ Professionals, the concepts are broken down through videos, readings, and activities so you can apply what you are learning in real time. The course provides the foundation to build on for the rest of The Fundamentals of Personal Finance Specialization or as a standalone survey course to improve your understanding of basic personal finance terminology, as well as how they apply to your own financial situation. Whether you are just starting college, nearing retirement, or somewhere in between, this course will provide you with the knowledge to understand your money and actionable steps to manage your finances in the future. This course is geared towards learners in the United States of America.

Modules

The Benefits of Financial Planning

    • 3 Videos
    • 4 Readings
    • 1 Assignment
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1 Assignment

  • An Introduction to Financial Planning

3 Videos

  • Course Introduction
  • The Basics of Financial Planning
  • Life Cycle of Financial Planning

4 Readings

  • About Your Instructor
  • Activity - Financial Knowledge
  • Activity - Identify Interests, Fears, and Questions
  • Tips for Creating a Financial Plan

The Financial Planning Process

    • 1 Videos
    • 1 Readings
    • 1 Assignment
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1 Assignment

  • The Financial Planning Process

1 Videos

  • Financial Planning in 6 Steps

1 Readings

  • How to Plan for Your Future

Your Relationship with Money

    • 5 Videos
    • 2 Readings
    • 1 Assignment
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1 Assignment

  • Common Money Personalities Assessment

5 Videos

  • Understand the Human Side of Personal Finances
  • Deep Dive into Personality 1 - Money Worship
  • Deep Dive into Personality 2 - Money Avoidance
  • Deep Dive into Personality 3 - Money Vigilance
  • Deep Dive into Personality 4 - Money Status

2 Readings

  • Overview of Money Personalities
  • Activity-Take Your Money Personality Assessment (KSMI)

Couples and Money

    • 3 Videos
    • 1 Assignment
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1 Assignment

  • Roles and Responsibility

3 Videos

  • Managing Finances with a Partner – Where to Start
  • Managing Finances with a Partner – Joint Accounts, Separate Accounts or Some of Both?
  • Working with Your Partner on Finances

How Emotions Impact Your Finances

    • 4 Videos
    • 1 Readings
    • 1 Assignment
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1 Assignment

  • Behavioral Bias

4 Videos

  • Understanding and Overcoming Loss Aversion
  • Understanding and Overcoming Hindsight Bias
  • Understanding and Overcoming Confirmation Bias
  • Understanding and Overcoming Reference Bias

1 Readings

  • Improving Your Relationship With Money

Module Quiz

    • 1 Assignment
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1 Assignment

  • Approaching Your Finances with Purpose

Understanding What You Own

    • 5 Videos
    • 3 Readings
    • 2 Assignment
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2 Assignment

  • Matching Assets to Categories
  • Matching Liabilities to Categories

5 Videos

  • What is Net Worth and Why Does it Matter?
  • Types of Assets - Understanding What You Own
  • Measuring and Assessing Your Liquidity
  • Types of Debt - Understanding What You Owe
  • Using Personal Finance Tools to Understand What You Own and Owe

3 Readings

  • What Are Liquid Assets and How Do They Work?
  • What Are the Different Types of Debt?
  • Activity - Determine Your Assets, Liabilities, and Net Worth

The Fundamentals of Your Credit Score

    • 4 Videos
    • 1 Readings
    • 2 Assignment
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2 Assignment

  • The Ins and Outs of Credit Scores
  • The Components of Your Credit Score

4 Videos

  • What is a Credit Score and Why Does It Matter?
  • Who Determines Your Credit Score?
  • Key Components of Your Credit Score
  • What’s Your Credit Score?

1 Readings

  • What is a FICO Score?

Obtaining and Monitoring Your Credit Score

    • 1 Videos
    • 2 Readings
    • 1 Assignment
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1 Assignment

  • Checking In on Your Credit Score

1 Videos

  • How to Request and Review Your Credit Report

2 Readings

  • Activity - Obtain and Assess Your Credit Score
  • Activity - Obtain Your Credit Report

Improving and Protecting Your Credit Score

    • 3 Videos
    • 1 Readings
    • 1 Assignment
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1 Assignment

  • Improving Your Credit Score Over Time

3 Videos

  • How to Improve Your Credit Score
  • 9 Most Common Credit Score Mistakes
  • Protecting Your Credit

1 Readings

  • How to Build Credit Over Time

Module Quiz

    • 1 Assignment
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1 Assignment

  • Understanding Your Net Worth and Credit Score

Assessing Your Cash Flow

    • 2 Videos
    • 2 Readings
    • 1 Assignment
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1 Assignment

  • Match Income and Expenses to Categories

2 Videos

  • Understanding Cash Flow
  • Maximizing Your Cash Flow

2 Readings

  • What is Disposable Income?
  • How to Improve Personal Cash Flow

Monitoring and Updating Your Cash Flow

    • 3 Videos
    • 2 Readings
    • 2 Assignment
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2 Assignment

  • Calculating Cash Flow
  • Ways to Determine Your Cash Flow

3 Videos

  • Cash Flow Changes in Different Life Stages
  • Managing Uneven Cash Flow
  • Ways to Determine Your Cash Flow

2 Readings

  • 7 Life Events You Should Financially Prepare For
  • Activity - Calculate Your Monthly Cash Flow

Key Financial Ratios for Your Finances

    • 5 Readings
    • 1 Assignment
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1 Assignment

  • Key Ratios of Your Personal Finances

5 Readings

  • Understanding Different Personal Finance Ratios
  • How to Evaluate Your Personal Finances
  • How Much of Your Paycheck Should You Save?
  • Why Your Debt to Income Ratio Matters
  • Activity - Calculate Your Financial Ratios

The Basics of Taxes

    • 5 Videos
    • 3 Readings
    • 2 Assignment
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2 Assignment

  • Types of Taxes
  • Tax Concepts

5 Videos

  • Types of Taxes
  • How Income Tax Withholding Works
  • Understanding Your Key Tax Numbers
  • Preparing to File Your Taxes
  • Taxes - DIY vs. Hiring a Pro

3 Readings

  • What Are the Different Types of Taxes?
  • What Tax Bracket Am I In?
  • How Income Tax Withholding Works

Module Quiz

    • 1 Assignment
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1 Assignment

  • Assessing Your Cash Flow and Taxes

Selecting the Right Budget for You

    • 2 Videos
    • 2 Readings
    • 1 Assignment
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1 Assignment

  • Different Ways to Budget

2 Videos

  • Budgeting Basics
  • There Isn’t One RIGHT Way to Budget

2 Readings

  • 5 Different Types of Budgeting Methods
  • Activity - Identify Your Budgeting Approach

Creating and Maintaining a Budget

    • 3 Videos
    • 2 Readings
    • 1 Assignment
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1 Assignment

  • Establishing a Budget

3 Videos

  • 7 Tips for Budgeting Success
  • Setting Up Your Budget Using the 50/30/20 Approach
  • Checking in on Your Budget

2 Readings

  • How To Make A Budget
  • Activity - Build Your Budget

Adjusting Your Budget Over Time

    • 3 Videos
    • 1 Readings
    • 1 Assignment
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1 Assignment

  • Maintaining and Updating Your Budget

3 Videos

  • Adjusting Your Budget as Life Happens
  • Ways to Reduce Your Spending
  • Ways to Increase Your Income

1 Readings

  • How to Stop Spending Money: 7 Strategies to Curb Overspending

Understanding Your Financial Goals

    • 2 Videos
    • 3 Readings
    • 1 Assignment
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1 Assignment

  • Define Common Financial Goals

2 Videos

  • 3 Types of Financial Goals
  • 6 Tips to Achieve Your Financial Goals

3 Readings

  • How to Set Money Goals
  • Smart Short Term Financial Goals to Set for Yourself
  • The Importance of Setting Your Long-Term Financial Goals

Your Next Money Move

    • 3 Videos
    • 1 Readings
    • 2 Assignment
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2 Assignment

  • Define the YNMM Framework
  • Steps in the YNMM Process

3 Videos

  • A Framework for Your Next Money Move
  • Why the Order of Your Goals Matter
  • Applying the YNMM Framework to Your Finances

1 Readings

  • Activity - Identify Your Financial Goals

Refining Your Financial Goals

    • 1 Videos
    • 1 Readings
    • 1 Assignment
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1 Assignment

  • SMART Financial Goals

1 Videos

  • Setting SMART Financial Goals

1 Readings

  • Investing vs. Saving: Finding a Balance

Module Quiz

    • 1 Assignment
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1 Assignment

  • Planning and Budgeting for Your Future

Auto Summary

"Introduction to Personal Finance" is an essential course within the personal development domain, designed to equip learners with fundamental financial literacy. This comprehensive introduction covers critical topics such as budgeting, credit scores, cash flow management, setting financial goals, and understanding taxes. The course is expertly taught by two CERTIFIED FINANCIAL PLANNER™ Professionals who simplify complex concepts through engaging videos, informative readings, and practical activities, ensuring you can apply the knowledge immediately. With a duration of 720 minutes, this foundational course serves as both a standalone primer and the initial step in The Fundamentals of Personal Finance Specialization. It's ideal for anyone looking to enhance their financial understanding, whether you're just starting college, approaching retirement, or somewhere in between. The course is particularly tailored for learners in the United States and provides actionable strategies to manage and improve your financial health. Offered on the Coursera platform, learners can choose from Starter or Professional subscription options to best suit their needs. This course promises to empower you with the skills to take control of your financial future confidently.

Brian Walsh
Instructor

Brian Walsh