Wednesday, October 10, 2012

Free Online Business Courses Helping with Personal Finance

Finance (Photo credit: Tax Credits)
There are few things more daunting in our personal lives than the concepts of personal finance, financial responsibility, and preparing for retirement. Money matters are almost always a drag. Whether you're 20-something and just graduated from college or you're 55 and edging on retirement, a little guidance when it comes to finances can be extremely useful. Truly understanding personal finance and retirement planning will most likely take a bit more effort than just reading a few blog posts or "how to" books on the topic. Take the time to really invest in your financial future by educating yourself as carefully and thoroughly as possible on financial matters. As technology grows and expands, we have more and more access to useful information and resources. Use these three online business open courseware classes for free to learn more about personal finances and money management. 

Fundamentals of Personal Financial Planning- University of California Irvine

This online class is offered by the University of California in Irvine and takes a careful look at financial planning. While this class certainly shouldn't replace a professional financial planner if you need one, it can be extremely useful in getting individuals started on the path of financial planning. Students can take the class for free online to gain an understanding of financial planning in the broadest sense. Students will learn to manage all aspects of a person and family's financial affairs. This starts with exploring family spending planning and extends to looking at risk management with insurance, taxes, wealth accumulation, investing, and wealth distribution in retirement and estate planning. This online course is a great stepping off point for beginners of any age to delve into the world of financial planning and management.

Introduction to Financial and Managerial Accounting- MIT

This course is presented by open courseware-great MIT and the Sloan School of Management. As an introductory course, this business class tackles the sometimes confusing topic of accounting. Students will study the basic concepts of financial and managerial reporting in this online course. You will explore topics like the accounting process, statement of cash flow, balancing and recording transactions, long-term assets/depreciation, and much more. While some of this material may be more advanced than is necessary for personal finance needs, the course can still be very worthwhile for the average individual.

Statistical Thinking and Data Analysis- MIT

Another course offered by the MIT Sloan School of Management, this course explores the topics of statistics and data analysis. Again, this course may look into several topics that are more advanced than the average person might need, there are many things to take away from the course. Students will look at topics on applied probability, sampling, estimation, hypothesis testing, linear regression, analysis of variance, and much more. Learning these areas of statistics and data analysis can help with understanding your money use and future prospects. Students have access to lecture notes, exams and solution, and assignments with solutions. Follow the class completely or pick and choose through the topics that you are truly interested in learning and you think can help your financial planning and personal finances.

Karen Smith is a devoted freelance writer and business blogger. Her primary goal as a blogger is to inform her readers about pursuing a business degree online. She also enjoys writing about small business trends, Internet marketing, personal development, and sustainable living. Karen welcomes your comments below!


  1. I hear this is one of the things loan modification lawyers in new york advise to startups to use early.

  2. Financial management is a way out to save money during financial troubles. It isn’t difficult to follow easy advices, but you have to do it regularly. If you decide to take under control your finances together with lending firms try to follow the plan. It’s better to make a list of necessary goods and products every day to avoid .It will not only regulate your money consuming, but also help you with cooking stuff. If things are getting very bad cut your expenses on fitness, entertainment, and food. I don’t mean that you should die from hunger, but it’s always possible to exclude expensive products from the menu.

  3. Financial planning, in the broadest sense, is an effort to manage all aspects of a person / family’s financial affairs. Classically, that begins with planning family spending and extends through risk management, taxes, wealth accumulation, investing, and wealth distribution as what i understand about it. loans and quick cash online


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