from The Open University
Alternatively you can skip the navigation by pressing 'Enter'.
Thinking Allowed: Factory music and volunteering post-recessionMonday, 6th July 2015 00:15 - BBC Radio 4<p>On this week's programme, Laurie Taylor and guests discuss pop music in worker's culture and how... Read more: Thinking Allowed: Factory music and volunteering post-recession
The Met: Policing London: Episode FiveMonday, 6th July 2015 21:00 - BBC One
Catching History's Criminals: The Forensics Story: Instruments Of MurderMonday, 6th July 2015 22:00 - BBC Four
The Met: Policing London: Episode FiveMonday, 6th July 2015 22:35 - BBC One
Catching History's Criminals: The Forensics Story: Instruments Of MurderAvailable until Wednesday, 5th August 2015 23:00The key piece of evidence that detectives are desperate to find is the murder weapon. Read more: Catching History's Criminals: The Forensics Story: Instruments Of Murder
Thinking Allowed: Factory music and volunteering post-recessionAvailable for over a year
The Bottom Line: Summer 2015: The Bottom Line - Burger BattlesAvailable for over a year
The Met: Policing London: Episode OneAvailable until Friday, 10th July 2015 02:50
The Power of No: No, sweet noThe astounding No vote that swept every part of Greece will take time to digest and understand... Read more: The Power of No: No, sweet no
Take the photographic memory testCan you capture scenes just by looking at them? Find out with our photographic memory test. Launch now: Take the photographic memory test
Start writing fictionHave you always wanted to write, but never quite had the courage to start? This free course,... Try: Start writing fiction now
Fuel poverty in ScotlandIn this unit, you will be hearing and reading about the issues faced by people living in poverty... Try: Fuel poverty in Scotland now
You and your money
An important aspect of personal finance is the way individuals and households manage...
An important aspect of personal finance is the way individuals and households manage their debt, how much it costs and the different types of credit they can or cannot access. This unit explores these issues, with respect to the wider, changing, social and economic context.
By the end of this unit you should:
- have knowledge of the structure of the financial services industry and the role of financial liberalisation in shaping this industry
- understand the basics of debt and interest
- have an appreciation of different forms of unsecured lending
- be able to apply the financial planning model to the borrowing process.
- Current section: Introduction
- Learning outcomes
- 1 Debt
- 2 Exploration of debt
- 3 Debt costs
- 4 Debt and household finance
- 5 The borrowing process
- 6 Conclusion
Study this free course
Enrol to access the full course, get recognition for the skills you learn, track your progress and on completion gain a statement of participation to demonstrate your learning to others. Make your learning visible!
You and your money
This unit is an adapted extract from the Open University course. It focuses on debt and borrowing. This is an important aspect of personal finance as it ties in with the broader context of how debt can be used in the economic system to channel growth but at the same time involve risks for indebted individuals.
Copyright & revisions
Originally published: Monday, 23rd April 2012
- Creative-Commons: The Open University is proud to release this free course under a Creative Commons licence. However, any third-party materials featured within it are used with permission and are not ours to give away. These materials are not subject to the Creative Commons licence. See terms and conditions. Full details can be found in the Acknowledgements section.
- This site has Copy Reuse Tracking enabled - see our FAQs for more information.
If you enjoyed this, why not follow a feed to find out when we have new things like it? Choose an RSS feed from the list below. (Don't know what to do with RSS feeds?)
Remember, you can also make your own, personal feed by combining tags from around OpenLearn.