The Open University since 2006
Alternatively you can skip the navigation by pressing 'Enter'.
Life Story: ParenthoodMonday, 26th September 2016 23:00 - BBC FourSome parents are more closely involved than others. Read more: Life Story: Parenthood
Life Story: CourtshipAvailable until Sunday, 23rd October 2016 01:25Without Tinder to rely on, how do animals find the right mate? Read more: Life Story: Courtship
BBC Inside Science - 2016/2017 series: What's left to explore?Available for over a year
Scotland and The Battle for Britain: Episode 2Available until Friday, 21st October 2016 01:35
Life Story: PowerAvailable until Sunday, 16th October 2016 01:35
The BBC And The OU: Inspiring LearningTake a look back at some of the programmes, apps and online learning the BBC and Open University... Watch now: The BBC And The OU: Inspiring Learning
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
The lottery of birthThis free course, The lottery of birth, will look at both the big picture of the ‘lottery of... Try: The lottery of birth now
Succeed with maths – Part 1If you feel that maths is a mystery that you want to unravel then this free course is for you. It... Try: Succeed with maths – Part 1 now
An important aspect of personal finance is the way in which individuals and households manage their debt, how much it costs and the different types of credit they can or cannot access. This free course, You and your money, explores these issues, with respect to the wider, changing, social and economic context.
After studying this course, you should be able to:
- demonstrate a 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
- appreciate different forms of unsecured lending
- 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
- Keep on learning
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 OpenLearn course is an adapted extract from the Open University course.
Copyright & revisions
Originally published: Thursday, 11th February 2016
Last updated on: Thursday, 11th February 2016
- 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 and our FAQs 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.
All our alternative formats are free for you to download, for more information about the different formats we offer please see our FAQs. The most frequently used are Word (for accessibility), PDF (for print) and ePub and Kindle to download to eReaders*.
- Word (2 MB)
- PDF (3.6 MB)
- ePub 3.0 (1.6 MB)
- ePub 2.0 (1.6 MB)
- Kindle (730 KB)
- RSS (300 KB)
- HTML (1.4 MB)
- SCORM (1.4 MB)
- OUXML Package (41 KB)
- OUXML File (129 KB)
- IMS Common cartridge
- Moodle backup (934 KB)
*Please note you will need an ePub and Mobi reader for these formats.