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You and your money: personal finance in context

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Are you interested in making more informed decisions about your personal finances? You and your money is a practical course that will develop your financial skills and improve your understanding of the constantly changing social and economic environment in which financial decisions are made. You’ll explore questions such as: Why do people borrow so much? How can I plan for my retirement? By the end of this key introductory Level 1 course, you’ll have a detailed understanding of some key personal finance issues that affect people’s lives, and the skills and knowledge needed to improve your own financial capability. 

Register for the course


Start End Fee Register
04 Oct 2014 Jun 2015
£440.00
Choose country above

Registration opens on 30/04/14

07 Feb 2015 Sep 2015
£440.00
Choose country above

Registration opens on 30/04/14

This course is expected to start for the last time in February 2018.
Start End Fee Register
04 Oct 2014 Jun 2015
£440.00
Choose country above

Registration opens on 30/04/14

07 Feb 2015 Sep 2015
£440.00
Choose country above

Registration opens on 30/04/14

This course is expected to start for the last time in February 2018.
Start End Fee Register
04 Oct 2014 Jun 2015
£985.00
Choose country above

Registration opens on 30/04/14

07 Feb 2015 Sep 2015
£985.00
Choose country above

Registration opens on 30/04/14

This course is expected to start for the last time in February 2018.
Start End Fee Register
04 Oct 2014 Jun 2015
£440.00
Choose country above

Registration opens on 30/04/14

07 Feb 2015 Sep 2015
£440.00
Choose country above

Registration opens on 30/04/14

This course is expected to start for the last time in February 2018.
Start End Fee Register
04 Oct 2014 Jun 2015
£440.00
Choose country above

Registration opens on 30/04/14

07 Feb 2015 Sep 2015
£440.00
Choose country above

Registration opens on 30/04/14

This course is expected to start for the last time in February 2018.
Start End Fee Register
04 Oct 2014 Jun 2015
£865.00
Choose country above

Registration opens on 30/04/14

07 Feb 2015 Sep 2015
£865.00
Choose country above

Registration opens on 30/04/14

This course is expected to start for the last time in February 2018.
Start End Fee Register
04 Oct 2014 Jun 2015
£1316.00
Choose country above

Registration opens on 30/04/14

07 Feb 2015 Sep 2015
£1316.00
Choose country above

Registration opens on 30/04/14

This course is expected to start for the last time in February 2018.
Start End Fee Register
04 Oct 2014 Jun 2015
£1316.00
Choose country above

Registration opens on 30/04/14

07 Feb 2015 Sep 2015
£1316.00
Choose country above

Registration opens on 30/04/14

This course is expected to start for the last time in February 2018.
Start End Fee Register
04 Oct 2014 Jun 2015
£440.00
Choose country above

Registration opens on 30/04/14

07 Feb 2015 Sep 2015
£440.00
Choose country above

Registration opens on 30/04/14

This course is expected to start for the last time in February 2018.
Start End Fee Register
04 Oct 2014 Jun 2015
£1316.00
Choose country above

Registration opens on 30/04/14

See below for information about part time tuition fee loans available for study towards a qualification.

07 Feb 2015 Sep 2015
£1316.00
Choose country above

Registration opens on 30/04/14

This course is expected to start for the last time in February 2018.

*Fees may vary by country.

What you will study

This course covers four broad themes. The first theme is the importance of the changing economic and social environment to your personal finances. This is taught by placing financial topics – such as borrowing and debt; savings and investments; the housing market; and pensions – within the context of social and economic change. So, for example, you’ll examine not just the different types of mortgages available, but also explore the underlying social and economic changes such as the recent financial crisis currently affecting home ownership, interest rates, and borrowing.

The second course theme is the relationship between individuals and households in financial matters, a relationship that is crucial to situating financial decisions in their real context. This relationship can include various issues, from thinking about how a couple manages their money, to the financial implications of having children, or of caring for an elderly parent, and the way the social and economic context, such as government family policies, can influence these.

The third course theme considers the importance of change over the course of a lifetime. This means thinking not only about how your own income and spending plans might change, but also how such change interacts with broader social and economic change. For example, as the government and employers reduce pension provision, it’s increasingly likely that individuals will have to think ahead in order to plan and provide for their old age: this course discusses some of the options.

The final theme is financial planning. This is a crucial element of personal finance and you will explore the financial planning process, working through the four key stages: assessing your financial position; deciding upon a financial plan; acting upon this plan; and reviewing the plan. You will also learn about –and practise using – all the main tools used in personal financial planning, from personal balance sheets, to budgeting and cash-flow statements. These tools can be kept and used for your own personal use after the course.

Taken together, the knowledge and understanding you gain from studying You and your money will deliver two types of skills: skills that are highly practical and relevant in your everyday life, and academically-relevant skills that are useful for further study, particularly in social sciences, economics and business courses.

Vocational relevance

DB123 has particular relevance for anyone working in, or thinking about working in, the financial services industry such as banking and insurance. It will provide important background and contextual knowledge for anyone working in financial services. It is also relevant for people who may be offering more general financial guidance to people in their everyday lives.

Entry

This is a key introductory Level 1 course. Level 1 courses provide core subject knowledge and study skills needed for both higher education and distance learning, to help you progress to courses at Level 2.

This course is particularly suitable if you are considering studying higher-level business or social sciences courses.

If you have any doubt about the suitability of the course, please contact our Student Registration & Enquiry Service.

Regulations

As a student of The Open University, you should be aware of the content of the Module Regulations and the Student Regulations which are available on our Essential documents website.

If you have a disability

Written transcripts of any audio components and Adobe Portable Document Format (PDF) versions of printed material are available. Some Adobe PDF components may not be available or fully accessible using a screen reader and the DVD-ROM will not be readable in this way so you may need an assistant to help you. The printed study materials are available in the DAISY Digital Talking Book format. The books are available in a comb-bound format. Other alternative formats of the study materials may be available in the future. Our Services for disabled students website has the latest information about availability.

If you have particular study requirements please tell us as soon as possible, as some of our support services may take several weeks to arrange. Visit our Services for disabled students website for more information, including:

  • help to determine your study requirements and how to request the support that you need  
  • Disabled Students' Allowances (DSAs)
  • using a computer for OU study
  • equipment and other support services that we offer
  • examination arrangements
  • how to contact us for advice and support both before you register and while you are studying.

Study materials

What's included

Course textbook, DVD-ROM, study guide and website.

Computing requirements

You will need a computer with internet access to study this course. It includes online activities – you can access using a web browser – and some course software provided on disk.

  • If you have purchased a new desktop or laptop computer running Windows since 2007 you should have no problems completing the computer-based activities.
  • A netbook, tablet or other mobile computing device is not suitable for this course – check our Technical requirements section.
  • If you have an Apple Mac or Linux computer – please note that you can only use it for this course by running Windows on it using Boot Camp or a similar dual-boot system.

You can also visit the Technical requirements section for further computing information including the details of the support we provide.

Teaching and assessment

Support from your tutor

You will have a tutor who will help you with study material and mark and comment on your written work, and whom you can ask for advice and guidance with your studies. If you are new to the OU, you will find your tutor is particularly concerned to help you with your study methods. There will also be group tutorials which you are encouraged but not obliged to attend. Where your tutorials are held will depend on the number of students doing the course locally to you.

Contact our Student Registration & Enquiry Service if you want to know more about study with The Open University before you register.

Assessment

The assessment details for this course can be found in the facts box above.

You can choose whether to submit your tutor-marked assignments (TMAs) on paper or online through the eTMA system. You may want to use the eTMA system for some of your assignments but submit on paper for others. This is entirely your choice. The end-of-module assessment (EMA) must be submitted online.

Your tutor will mark and provide feedback on your TMAs. The end-of-module assessment (EMA) will be marked by another tutor on DB123. You will be given guidance and support in preparing for these assignments.

Future availability

The details given here are for the courses that start in October 2014 and February 2015. We expect it to be available twice a year.

How to register

To register a place on this course return to the top of the page and use the Click to register button.

Student Reviews

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Distance learning

The Open University is the world’s leading provider of flexible, high quality distance learning. Unlike other universities we are not campus based. You will study in a flexible way that works for you whether you’re at home, at work or on the move. As an OU student you’ll be supported throughout your studies – your tutor or study adviser will guide and advise you, offer detailed feedback on your assignments, and help with any study issues. Tuition might be in face-to-face groups, via online tutorials, or by phone.

For more information read Distance learning explained.

Are you already an OU student ? Go to StudentHome for information on choosing your next module.
Course facts
About this course:
Course code DB123
Credits 30
OU Level 1
SCQF level 7
FHEQ level 4
Course work includes:
3 Tutor-marked assignments (TMAs)
End-of-module assessment
No residential school

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