Sophia Learning’s Personal Finance course provides students with a comprehensive understanding of essential financial principles and the practical skills necessary for financial resilience. The course begins with an exploration of why finance matters, the psychology of money, and the importance of financial planning. Students will learn to create and reassess personal budgets using various metrics and goals. Students will gain a thorough understanding of saving principles, including the importance of long-term saving, the power of compound interest, and the time value of money. The course then delves into the complexities of credit, covering how to develop and use credit wisely, make informed transportation and housing decisions, and manage debt. Students will also explore the role of insurance in protecting personal and financial well-being, learning about different types of insurance and their specific uses. Additionally, the course introduces investment principles, covering investment strategies and portfolio diversification. Finally, students will learn about retirement and estate planning, equipping them with the knowledge to secure their financial future and protect their wealth. By the end of the course, students will be well-prepared to manage their personal finances and make strategic financial decisions throughout their lives.
