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MSE’s Academy of Money
MSE’s Academy of Money

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This free course was written by Martin Upton in collaboration with Money Saving Expert. It was first published in May 2020 and last updated April 2024.

This course was created by The Open University with contributions and collaboration from The content unless otherwise stated in the course or in the acknowledgements below (or identifiable as third party content in the course) is owned and/or controlled by The Open University and/or and is made available subject to the Creative Commons 4.0 licence: licenses/ by-nc-nd/ 4.0/ [Tip: hold Ctrl and click a link to open it in a new tab. (Hide tip)] :

Please read and abide by the licence terms at all times.

Grateful acknowledgement is made to the following which is not subject to Creative Commons licensing unless stated as such.


Tables 1 and 2: adapted from: OECD (2020) ‘Household savings (indicator)’. doi: 10.1787/cfc6f499 en’ hha/ household-savings.htm


Course image: The Open University

Figure 1: John Springer Collection/CORBIS/Corbis via Getty Images

Figure 2: Monster Ztudio/

Figure 3: drawn by The Open University

Figure 4: from history

Figure 5: Good_Stock/

Figure 6: ACORN/

Figure 7: nerthuz/Getty Images

Figure 8: The Open University

Figure 9: source unknown

Figure 10: mentatdgt/ license/

Figure 11: The FTSE-100 share index 1984–2022 adapted from

Figure 12: stocknshares/

Figure 13: spxChrome/

Figure 14: ‘The price of gold: 2002–2022’ adapted from Bullion Vault

Figure 15: georgeclerk/

Figure 16: Slideshow: Investment companies: Slide 1:; Slide 2:; Slide 3:; Slide 4:; Slides: 5: en-gb/

Figure 17: Anna Shvets/ license/

Figure 18: Slideshow: Peer to Peer lending companies:

Slide 1:;

Slide 2: usa/ 2020 ;

Figure 19: kate_sept2004/Getty Images


Video 1: Introduction to Session 5 by Martin Lewis: ©MoneySavingExpert

Video 2: the difference between savings and investments animation: ©MoneySavingExpert

Every effort has been made to contact copyright owners. If any have been inadvertently overlooked, the publishers will be pleased to make the necessary arrangements at the first opportunity.

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