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. 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.

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Syllabus

Syllabus - What you will learn from this course
Week 1
Orientation
Module 1: Setting Financial Goals and Assessing Your Situation

Week 2
Module 2: Budgeting and Cash Flow Management
In this module, you’ll explore the “personal” in personal finance, use financial tools to assess where you are currently with your finances, and begin setting goals for where you’d like to be in the future.
Module 3: Saving Strategies
In this module, we will discuss the importance of budgeting in the financial planning and management process, and resources available for cash flow management. Learners will be exposed to the basic process of budgeting, a panel discussion with practicing investment advisors, and a comparative discussion of the more common tools and methods for managing cash flows.
Module 4: The Time Value of Money
In this module you’ll have the opportunity to explore best practices for building a saving habit and discuss barriers to saving. Mental accounting will be introduced and considered in terms of how it can affect saving behavior.
Week 3
Module 5: Borrowing and Credit
Understanding why the time value of money is a very important concept – so important it has its own module!
Module 6: Investing
The ability to use debt and credit to finance purchases has its advantages and disadvantages. Understanding topics related to loan repayment and how your borrowing and credit use behavior may impact your credit report is critical for being able to have access to debt and credit use in the future.
Week 4
Module 7: Risk Management
In this module you’ll be introduced to investment terms and key investment strategies. This foundation will allow you to better understand investment choices and information that you’ll encounter throughout your life.
Module 8: Financial Planning as a Career
This module covers risk related topics related to insurance, and introduces learners to the concept of personal risk tolerance and how it might impact individualized risk management strategies.

FAQ

When will I have access to the lectures and assignments?

Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:

The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.

The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.

What will I get if I purchase the Certificate?

When you purchase a Certificate you get access to all course materials, including graded assignments. Upon completing the course, your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.

Is financial aid available?

Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.

Reviews

this course provides videos and texts which makes it easier to learn about the topics. also you can download the topics of each module! great experience with this course

fundamental knowledge for young adult in financial planing, encourage students to start speculate their finance, and start saving. Very useful and easy to follow

I learned a lot, things are very well explained and slow so that you don't miss anything and so that you understand everything perfectly. Its perfect for beginners and for young adults.

Financial planning as a career seems too forceful at the end of the course.

Other then that, it is a very good course with good contents and interesting videos for easy understanding.