Introduction to Personal Finance

Introduction to Personal Finance

This course is part of The Fundamentals of Personal Finance Specialization

Instructor: Brian Walsh

Skills you'll gain

Finance

Details to know

Shareable certificate

Add to your LinkedIn profile

Assessments

28 assignments

Taught in English

See how employees at top companies are mastering in-demand skills

Learn more about Coursera for Business

Build your subject-matter expertise

This course is part of the The Fundamentals of Personal Finance Specialization

When you enroll in this course, you'll also be enrolled in this Specialization.

Learn new concepts from industry experts
Gain a foundational understanding of a subject or tool
Develop job-relevant skills with hands-on projects
Earn a shareable career certificate

Earn a career certificate

Add this credential to your LinkedIn profile, resume, or CV

Share it on social media and in your performance review

There are 4 modules in this course

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.

This module will cover the importance of being intentional with your finances and the underlying forces impacting your current relationship with money.

What's included

16 videos8 readings6 assignments

16 videosTotal 70 minutes

Course Introduction5 minutesPreview module
The Basics of Financial Planning5 minutes
Life Cycle of Financial Planning3 minutes
Financial Planning in 6 Steps5 minutes
Understand the Human Side of Personal Finances5 minutes
Deep Dive into Personality 1 - Money Worship4 minutes
Deep Dive into Personality 2 - Money Avoidance3 minutes
Deep Dive into Personality 3 - Money Vigilance4 minutes
Deep Dive into Personality 4 - Money Status4 minutes
Managing Finances with a Partner – Where to Start4 minutes
Managing Finances with a Partner – Joint Accounts, Separate Accounts or Some of Both?4 minutes
Working with Your Partner on Finances2 minutes
Understanding and Overcoming Loss Aversion4 minutes
Understanding and Overcoming Hindsight Bias4 minutes
Understanding and Overcoming Confirmation Bias4 minutes
Understanding and Overcoming Reference Bias4 minutes

8 readingsTotal 56 minutes

About Your Instructor1 minute
Activity - Financial Knowledge12 minutes
Activity - Identify Interests, Fears, and Questions6 minutes
Tips for Creating a Financial Plan5 minutes
How to Plan for Your Future7 minutes
Overview of Money Personalities10 minutes
Activity-Take Your Money Personality Assessment (KSMI)10 minutes
Improving Your Relationship With Money5 minutes

6 assignmentsTotal 56 minutes

An Introduction to Financial Planning4 minutes
The Financial Planning Process2 minutes
Common Money Personalities Assessment5 minutes
Roles and Responsibility5 minutes
Behavioral Bias10 minutes
Approaching Your Finances with Purpose30 minutes

This module will help you assess your current financial situation by detailing assets, liabilities, and credit scores.

What's included

13 videos7 readings7 assignments

13 videosTotal 62 minutes

What is Net Worth and Why Does it Matter?3 minutesPreview module
Types of Assets - Understanding What You Own4 minutes
Measuring and Assessing Your Liquidity3 minutes
Types of Debt - Understanding What You Owe5 minutes
Using Personal Finance Tools to Understand What You Own and Owe2 minutes
What is a Credit Score and Why Does It Matter?4 minutes
Who Determines Your Credit Score?4 minutes
Key Components of Your Credit Score7 minutes
What’s Your Credit Score?4 minutes
How to Request and Review Your Credit Report4 minutes
How to Improve Your Credit Score7 minutes
9 Most Common Credit Score Mistakes4 minutes
Protecting Your Credit4 minutes

7 readingsTotal 49 minutes

What Are Liquid Assets and How Do They Work?7 minutes
What Are the Different Types of Debt?6 minutes
Activity - Determine Your Assets, Liabilities, and Net Worth 10 minutes
What is a FICO Score?5 minutes
Activity - Obtain and Assess Your Credit Score 8 minutes
Activity - Obtain Your Credit Report8 minutes
How to Build Credit Over Time5 minutes

7 assignmentsTotal 49 minutes

Matching Assets to Categories3 minutes
Matching Liabilities to Categories3 minutes
The Ins and Outs of Credit Scores3 minutes
The Components of Your Credit Score3 minutes
Checking In on Your Credit Score3 minutes
Improving Your Credit Score Over Time4 minutes
Understanding Your Net Worth and Credit Score30 minutes

This module will help you understand where your money is coming from and where it is going, including taxes.

What's included

10 videos12 readings7 assignments

10 videosTotal 42 minutes

Understanding Cash Flow4 minutesPreview module
Maximizing Your Cash Flow7 minutes
Cash Flow Changes in Different Life Stages3 minutes
Managing Uneven Cash Flow3 minutes
Ways to Determine Your Cash Flow2 minutes
Types of Taxes4 minutes
How Income Tax Withholding Works4 minutes
Understanding Your Key Tax Numbers5 minutes
Preparing to File Your Taxes3 minutes
Taxes - DIY vs. Hiring a Pro3 minutes

12 readingsTotal 80 minutes

What is Disposable Income?6 minutes
How to Improve Personal Cash Flow6 minutes
7 Life Events You Should Financially Prepare For7 minutes
Activity - Calculate Your Monthly Cash Flow10 minutes
Understanding Different Personal Finance Ratios6 minutes
How to Evaluate Your Personal Finances5 minutes
How Much of Your Paycheck Should You Save?6 minutes
Why Your Debt to Income Ratio Matters4 minutes
Activity - Calculate Your Financial Ratios10 minutes
What Are the Different Types of Taxes?6 minutes
What Tax Bracket Am I In?10 minutes
How Income Tax Withholding Works4 minutes

7 assignmentsTotal 55 minutes

Match Income and Expenses to Categories3 minutes
Calculating Cash Flow 3 minutes
Ways to Determine Your Cash Flow1 minute
Key Ratios of Your Personal Finances6 minutes
Types of Taxes4 minutes
Tax Concepts8 minutes
Assessing Your Cash Flow and Taxes30 minutes

This module will identify different budgeting strategies, financial goals, and how to ensure your money is working towards those priorities.

What's included

14 videos10 readings8 assignments

14 videosTotal 77 minutes

Budgeting Basics4 minutesPreview module
There Isn’t One RIGHT Way to Budget5 minutes
7 Tips for Budgeting Success5 minutes
Setting Up Your Budget Using the 50/30/20 Approach6 minutes
Checking in on Your Budget5 minutes
Adjusting Your Budget as Life Happens6 minutes
Ways to Reduce Your Spending6 minutes
Ways to Increase Your Income6 minutes
3 Types of Financial Goals8 minutes
6 Tips to Achieve Your Financial Goals4 minutes
A Framework for Your Next Money Move3 minutes
Why the Order of Your Goals Matter4 minutes
Applying the YNMM Framework to Your Finances6 minutes
Setting SMART Financial Goals3 minutes

10 readingsTotal 65 minutes

5 Different Types of Budgeting Methods8 minutes
Activity - Identify Your Budgeting Approach6 minutes
How To Make A Budget6 minutes
Activity - Build Your Budget10 minutes
How to Stop Spending Money: 7 Strategies to Curb Overspending7 minutes
How to Set Money Goals4 minutes
Smart Short Term Financial Goals to Set for Yourself4 minutes
The Importance of Setting Your Long-Term Financial Goals6 minutes
Activity - Identify Your Financial Goals10 minutes
Investing vs. Saving: Finding a Balance4 minutes

8 assignmentsTotal 50 minutes

Different Ways to Budget4 minutes
Establishing a Budget5 minutes
Maintaining and Updating Your Budget3 minutes
Define Common Financial Goals3 minutes
Define the YNMM Framework2 minutes
Steps in the YNMM Process1 minute
SMART Financial Goals2 minutes
Planning and Budgeting for Your Future30 minutes

Instructor

Instructor ratings

4.8 (75 ratings)

Brian Walsh

SoFi

5 Courses47,142 learners

Offered by

SoFi

Why people choose Coursera for their career

Felipe M.

Learner since 2018

"To be able to take courses at my own pace and rhythm has been an amazing experience. I can learn whenever it fits my schedule and mood."

Jennifer J.

Learner since 2020

"I directly applied the concepts and skills I learned from my courses to an exciting new project at work."

Larry W.

Learner since 2021

"When I need courses on topics that my university doesn't offer, Coursera is one of the best places to go."

Chaitanya A.

"Learning isn't just about being better at your job: it's so much more than that. Coursera allows me to learn without limits."

Learner reviews

4.7

185 reviews

5 stars
79.67%
4 stars
12.29%
3 stars
5.34%
2 stars
1.06%
1 star
1.60%

Showing 3 of 185

Reviewed on Jul 11, 2021

Digestable, Simplified, Not boring and time consuming, GREAT Informative content

Reviewed on Jun 30, 2021

Great foundation into personal finance. Repetitive and sometimes boring if you have some footing in that area, but a great reference for those who do not!

Reviewed on Jun 16, 2021

I enjoyed taking the course. It was very easy and provided me with a lot of knowledge.

View more reviews