You and your money

An important aspect of personal finance is the way individuals and households...

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.

By: The Open University

Duration: 12 hours
Published on: Monday 23rd April 2012
Level: Introductory
Posted under: Personal Finance

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You and your money

Introduction

This unit is an adapted extract from the Open University course You and your money: personal finance in context (DB123) [Tip: hold Ctrl and click a link to open it in a new tab. (Hide tip)] . 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.

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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.

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