08 Apr 2009

How moneywise are you?

Do you run out of money at the end of the month? When you take out a financial product do you read the small print? What will your retirement years be like? If you received £3,000 and wanted to invest it, what would you do?

If ISAs, APRs and tax credits are alien to you then a new scheme, Moneywise, from The Open University, will help. The campaign is encouraging local residents in Bristol, Cornwall, Oxfordshire and parts of Scotland to take more care over their personal finances by helping them learn practical financial skills.

Managing your money is all important in today’s economic climate and the Moneywise campaign links to the OU short course You and Your Money. This is a flexible, part-time course so you can study at home with feedback from a tutor – there are no entry qualifications needed and you could even qualify for a grant or be able to do the course completely free, depending on your circumstances. The six month course covers a range of topics important in household finances including budgeting, debt, saving, housing, pensions and insurance.

Martin Higginson is overseeing the campaign and said, “If money is a mine-field to you then this could be a good step towards managing your finances better. With the economic downturn hitting many of us in the pocket this course is a great way to understand how to make the most of your cash. You have nothing to lose, but by applying what you learn, you literally have pounds to gain.”

Basic arithmetic skills are required for the course and all materials are provided –the next course runs in May. Student Keith took the course and said: “99% of the population would be better off financially after studying this course – it’s that good! It’s the first course I’ve ever personally benefitted from on a day to day basis.”

Find out more at or phone 0845 300 6090 and quote moneywise.

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