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.
Offered By
Financial Planning for Young Adults
University of Illinois at Urbana-ChampaignAbout this Course
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Flexible deadlines
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Shareable Certificate
Earn a Certificate upon completion
100% online
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Beginner Level
Approx. 20 hours to complete
English
Subtitles: Arabic, French, Portuguese (European), Italian, Vietnamese, German, Russian, English, Spanish
Skills you will gain
Risk ManagementBudgetSavingInvestment
Flexible deadlines
Reset deadlines in accordance to your schedule.
Shareable Certificate
Earn a Certificate upon completion
100% online
Start instantly and learn at your own schedule.
Beginner Level
Approx. 20 hours to complete
English
Subtitles: Arabic, French, Portuguese (European), Italian, Vietnamese, German, Russian, English, Spanish
Offered by
University of Illinois at Urbana-Champaign
The University of Illinois at Urbana-Champaign is a world leader in research, teaching and public engagement, distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty and alumni. Illinois serves the world by creating knowledge, preparing students for lives of impact, and finding solutions to critical societal needs.
Syllabus - What you will learn from this course
2 hours to complete
Orientation
2 hours to complete
2 videos (Total 4 min), 5 readings, 2 quizzes
3 hours to complete
Module 1: Setting Financial Goals and Assessing Your Situation
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.
3 hours to complete
7 videos (Total 41 min), 2 readings, 2 quizzes
3 hours to complete
Module 2: Budgeting and Cash Flow Management
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.
3 hours to complete
8 videos (Total 60 min), 1 reading, 2 quizzes
2 hours to complete
Module 3: Saving Strategies
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.
2 hours to complete
7 videos (Total 40 min), 2 readings, 2 quizzes
1 hour to complete
Module 4: The Time Value of Money
Understanding why the time value of money is a very important concept -- so important it has its own module!
1 hour to complete
1 video (Total 14 min), 1 reading, 1 quiz
2 hours to complete
Module 5: Borrowing and Credit
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.
2 hours to complete
11 videos (Total 59 min), 1 reading, 1 quiz
2 hours to complete
Module 6: Investing
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.
2 hours to complete
7 videos (Total 48 min), 2 readings, 1 quiz
3 hours to complete
Module 7: Risk Management
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.
3 hours to complete
7 videos (Total 68 min), 2 readings, 2 quizzes
2 hours to complete
Module 8: Financial Planning as a Career
The module provides an overview of the career opportunities in financial planning. You will get to see what it is like to engage and assist people (clients) from a variety of walks-of life. This module is optional in terms of completion of the course certificate. There is no required assignment in this module.
2 hours to complete
8 videos (Total 57 min), 2 readings, 1 quiz
Reviews
TOP REVIEWS FROM FINANCIAL PLANNING FOR YOUNG ADULTS
by SBMay 10, 2021
this course is really beneficial, I highly recommend it to people of any age. I was in doubt about it because I read it is good for young people, but I learned a lot from this course. Thank you all.
by LGMar 31, 2018
Great class overall. I would like to see more updated information, as many of the links no longer work and the material is from about 2012. I would also love to see more diversity in the vignettes.
by TJAug 4, 2017
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.
by SVMay 8, 2021
Amazing course highly recommended for all students, youth, teens so they have the knowledge prior before getting to the stage where they actually need to execute these things and save
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