Saving Money for the Future

Saving Money for the Future

This course is part of The Fundamentals of Personal Finance Specialization

Instructor: Brian Walsh

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8,033 already enrolled

4 modules

Gain insight into a topic and learn the fundamentals.

38 reviews

Beginner level

Recommended experience

9 hours to complete

Flexible schedule

Learn at your own pace

4 modules

Gain insight into a topic and learn the fundamentals.

38 reviews

Beginner level

Recommended experience

9 hours to complete

Flexible schedule

Learn at your own pace

Skills you'll gain

Details to know

Shareable certificate

Add to your LinkedIn profile

Assessments

23 assignments

Taught in English

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This course is part of the The Fundamentals of Personal Finance Specialization

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There are 4 modules in this course

This course is designed for anyone who currently has, or will have in the future have, savings goals. Learners will come to understand the importance of compounding growth, the variables that impact setting goals like retirement savings, and how much money you need to save now to reach future goals. The course will help learners think through individual goals, like retirement, but also how those goals fit into your bigger financial picture. For example, saving for retirement, buying a home, and funding college for your kids all at the same time. The instructors will also cover how preparing for emergencies can prevent the derailment of those financial goals.

This module will help you understand how your savings will grow and how much you need to set aside for emergencies while you set your long-term financial goals.

What's included

9 videos8 readings7 assignments

9 videosTotal 36 minutes

What Are Accumulation Goals?5 minutes
5 Steps to Achieving Your Savings Goals6 minutes
Investing to Achieve Your Goals4 minutes
Saving vs Investing3 minutes
Emergency Fund Basics4 minutes
How Much is Enough for Your Emergency Fund?4 minutes
How to Earn Interest on Your Emergency Fund3 minutes
Building Your Emergency Fund4 minutes
Using Your Emergency Fund2 minutes

8 readingsTotal 42 minutes

Welcome to Saving Money for the Future3 minutes
Savings Goals by Age5 minutes
5 Types of Savings You Should Consider Having4 minutes
15 Creative Ways to Save Money4 minutes
6 Steps for Starting an Emergency Fund5 minutes
Activity - Calculate Your Target Emergency Fund10 minutes
Should You Invest Your Emergency Fund?6 minutes
6 Real Questions About Your Emergency Fund—Answered5 minutes

7 assignmentsTotal 46 minutes

Building Your Financial Foundation30 minutes
Compounding Growth2 minutes
Rule of 723 minutes
Saving for Goals3 minutes
Target Emergency Fund3 minutes
Places for Emergency Fund2 minutes
Saving for Emergencies3 minutes

This module will identify the factors that go into setting a retirement target and the types of funds to help you reach that goal.

What's included

15 videos9 readings5 assignments

15 videosTotal 81 minutes

An Introduction to Retirement Planning4 minutes
Key Considerations for Retirement4 minutes
The Power of Investing for Retirement4 minutes
How Social Security Works5 minutes
How Pensions Work4 minutes
Retirement Considerations by Life Stage7 minutes
Understanding How Much You Need to Save for Retirement5 minutes
Assessing If You Are On Track for Retirement7 minutes
Catching Up If You Are Behind4 minutes
Overcoming The Unique Challenges Physicians Face Saving for Retirement11 minutes
Ways to Save for Retirement8 minutes
Utilizing Traditional and Roth IRAs for Retirement4 minutes
Utilizing Employer Retirement Plans for Retirement6 minutes
Using an HSA for Retirement Savings4 minutes
Choosing the Right Way to Save for Retirement5 minutes

9 readingsTotal 61 minutes

Activity - Create Your Vision of Retirement10 minutes
Typical Retirement Expenses to Prepare For8 minutes
Top 5 Social Security Myths5 minutes
When Will Social Security Run Out?6 minutes
Explaining the 3-Legged Stool of Retirement0 minutes
Activity - Calculate Your Retirement 10 minutes
5 Ways to Rebuild Your Retirement Savings4 minutes
Understanding the Different Types of Retirement Plans11 minutes
Retirement Options For the Self-Employed7 minutes

5 assignmentsTotal 47 minutes

Quiz: Funding Your Financial Freedom30 minutes
Key Retirement Variables4 minutes
Social Security Basics4 minutes
Saving for Retirement4 minutes
Retirement Accounts5 minutes

This module will focus on other long-term financial priorities/major purchases, including buying a home or a car. It will help assess true costs for each and the different funds that can help you reach these goals.

What's included

4 videos6 readings4 assignments

4 videosTotal 30 minutes

Homebuying Basics10 minutes
How Much Home Can You Afford6 minutes
Renting vs Buying a Home9 minutes
Buying vs Leasing a Car5 minutes

6 readingsTotal 32 minutes

Costs of Owning a Home4 minutes
Home Buying Mistakes to Avoid5 minutes
The Ultimate Home Inspection Checklist5 minutes
How Much Should I Spend on a Car?5 minutes
What Should Your Average Car Payment Be?6 minutes
Importance of Time Horizons For Investing7 minutes

4 assignmentsTotal 39 minutes

Saving for Other Milestones30 minutes
Buying a Home5 minutes
Rent vs. Buy2 minutes
Time Horizon2 minutes

This module focuses on the ways you can prepare to pay for your child's education, including how much it will likely cost, different types of funding, and the different types of accounts you can use to reach this goal.

What's included

6 videos6 readings7 assignments1 plugin

6 videosTotal 35 minutes

Calculating the Return on Education4 minutes
The True Cost of Education6 minutes
Types of Financial Aid5 minutes
Choosing the Right Way to Save for College6 minutes
How 529 Plans Work7 minutes
Choosing the Right 529 Plan6 minutes

6 readingsTotal 47 minutes

Comparing the Pros and Cons of Going to College10 minutes
Do the Benefits of College Still Outweigh the Costs10 minutes
Trends in Higher Education Series10 minutes
What Percentage of Parents Pay for College?4 minutes
How to Start Saving for Your Child's College Tuition5 minutes
Paying for College - A Parent's Guide8 minutes

7 assignmentsTotal 43 minutes

Funding Your Child's Education 30 minutes
Components of College Savings3 minutes
Return on Education1 minute
Cost of College2 minutes
Paying for College2 minutes
529 Plans3 minutes
Saving for College2 minutes

1 pluginTotal 10 minutes

Reading - How to Calculate the ROI of your College Degree10 minutes

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Instructor

Instructor ratings

(10 ratings)

Brian Walsh

SoFi

5 Courses66,340 learners

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SoFi

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Reviewed on Feb 2, 2023

Good course. A bit dated but I found many chapters especially the ones about personal finance, taxes, cars and housing to be most interesting and relevant to me.

Reviewed on Nov 21, 2023

excellent, but it has regulations for the USA. i hope in the future to conclude all financial options around the world

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