Put yourself at ease by protecting those you love
16 October 2020
Financial independence is a milestone that everyone aims to reach. Apart from having multiple streams of income, setting the right goals, and learning the value of frugality, having the necessary financial management skills is an essential factor in accomplishing this feat.
You may be earning a good sum from your monthly salary, but you won’t be able to take steps towards financial wellness if your budgeting or spending habits are all over the place. With the world facing the economic consequences of COVID-19, adopting the best money management practices will allow you to stay afloat no matter what situation comes your way.
Build a better future, become a life-long learner. To help you get started, we’ve prepared a list of free online courses you can take at your convenience.
1. Finance for Everyone: Smart Tools for Decision Making, edX
Do you want to understand how investments, credit providers, and insurance policies work? This five-week program offered by edX will educate you on the basics of how these investment tools work, along with other essential concepts. To teach you how to make better financial decisions, the course makes great use of real-life situations and examples.
2. Financial Planning for Young Adults, Coursera
This eight-module course offered by Coursera will discuss basic financial planning concepts that are essential for young adults. Some important topics that will be discussed in the program are the basics of investing, analyzing financial risk, and how you should handle credit.
At the same time, this course will help you develop your own financial goals and educate you on the tools you need to achieve them.
3. Housing, Khan Academy
Is a new house or apartment part one of your long-term goals? If you’re currently saving up for a new home, it will be incredibly useful for you to learn about mortgages, housing loans, and other important matters in real estate. Fortunately, Khan Academy’s 19 lecture-long Housing course will discuss many useful topics under the home buying process in depth.
4. Introduction to Managing Your Personal Finance Debts, Alison
At some point, you will come face-to-face with tricky financial scenarios. Even though paying debt can feel very overwhelming, know that applying for a loan is one of the easiest ways to solve your financial dilemma. To prevent your debt from becoming unmanageable, this course by Alison will teach you how to manage and prioritize expenses accordingly.
5. Investment Vehicles, Insurance, and Retirement, Khan Academy
Staying frugal is important in achieving financial wellness, but this does not mean that you should let your hard-earned savings sit in your bank account. If you want to make your money work for you, this course by Khan Academy will tell you everything you need to know about investment vehicles, such as retirement accounts, life insurance, and mutual funds.
6. Managing Your Personal Finances, TESDA Online Program
Unlike other platforms that charge you for certification, TESDA is generous enough to give you one for free. This financial management course is a great starting point for young professionals. From managing debt to creating a spending plan for your family, this course will discuss important financial concepts that will be useful as you age.
7. My Financial Mountain: Understanding Your Path to a Solid Financial Foundation, Skillshare
If you’re looking for a financial management crash course, this class by Skillshare will give you just that. This 24-minute program is designed to give you a general overview of how anyone can attain financial stability at any age. While it may not explain the relevant topics in-depth, it’s still an excellent way to prepare yourself for other advanced courses that you need to take.
8. Personal and Family Financial Planning, Coursera
Raising children is a common goal for many adults. Since building a family and giving them a comfortable life requires a ton of planning, Coursera offers a free program that discusses critical financial management topics. This course will teach you how to invest your money and help you develop effective budgeting habits that will be useful throughout your lifetime.
Take Steps towards Financial Wellness
Attaining financial wellness is no easy task. Monthly bills, daily expenses, and unexpected emergencies will make you feel like you’re a long way from achieving it, but you should never get discouraged. Big goals take time to achieve. As long as you have the right attitude and mindset, you can take constant steps towards it.
Once you have educated yourself on the necessary topics, you should put your knowledge into practice. Create a budgeting plan, look for an affordable insurance policy, and purchase other lucrative investments to grow your money and secure a better tomorrow.
Looking for a reliable insurance partner? BPI AIA got you covered. Get insured easily, even during this COVID-19 pandemic. Schedule an appointment with our Bancassurance Sales Executives to learn more.
You can buy a life insurance at any BPI branch nationwide! Talk to a bancassurance sales executive now!
Get the power to protect yourself and your family with an affordable life insurance plan. Life Ready Plus is easy on the budget, but offers coverage of up to 30 times your yearly payment to support the financial needs of your loved ones.
The plan gives you fast access to coverage and benefits and can match your long-term financial goals when maintained within an appropriate term.
Critical Care Max will help you make more memories by providing financial aid during the early stages of a critical illness. This unit-linked life and health insurance plan offers assistance on your recovery. You can build a health fund that grows over time, depending on your chosen investment, to pay for other medical costs.
In addition, it comes with a hospital confinement benefit that will replace lost income due to hospitalization. This daily cash benefit may also come with optional benefits like cash payout for surgery-related expenses, allowance for consultation fees, and many others.
Let your loved ones enjoy the fruits of your labor even when you’re no longer around. Build Estate Plus is a unit-linked protection plan that will cover your estate taxes after your passing so that you can ease your family’s burden.
It doubles as an investment savings fund that builds Account Value as you pay. It is also integrated with AIA Vitality that provides additional upfront coverage of 20% to your policy and add-ons.
Be in good hands in times of sickness. Let Critical Care Plus, a unit-linked health and life insurance plan, take care of you with financial aid in case of a major illness, so you can focus on getting better and spending more time with your loved ones.
It even gives you more benefits for having good health through the AIA Vitality program that adds 20% upfront coverage and supplemental benefits on your policy.