Finance for Everyone: Smart Tools for Decision-Making in University of Michigan

Develop the tools to take control of your finances

From evaluating different types of loans, choosing whether to rent or buy, or deciding whether to go to university, it’s important to understand the value of each financial decision.

On this six-week course from The University of Michigan, you’ll understand how the financial world works while developing the frameworks that will help you make everyday financial decisions.

Discover the Time Value of Money

If you were given the choice of receiving a lump sum now or the same lump sum in two years, which would you choose? It may seem obvious to take the lump sum now, but there’s an important concept behind why: the Time Value of Money (TVM).

This course will guide you through the many applications of finance, including TVM and how interest and compounding affect the value of money over time.

Explore smarter budgeting and financial planning

When managing limited financial resources, the biggest asset is often financial planning and smart budgeting.

You’ll look at how to effectively plan your finances and allocate scarce financial resources in a value-add way, using the skills you’ve developed to make smart choices. This course covers the benefits of saving for the future, taking a loan, and how to simplify complex financial decisions, among other things.