Week 1, Financial Planning and the Life Journey - Part 1
Share Radio & Open University Business School
'It is a thousand times better to have common sense without education than to have education without common sense.'
Robert G. Ingersoll
Join us, Glen Goodman and Annie Weston, and our colleagues at Share Radio and the Open University, to gain the skills to manage your personal finances: managing budgets, debts, investments, property purchase, pensions and insurance.
There has never been a better time to improve your personal financial skills – Managing my money aims to do just that.
Do you review your money arrangements regularly?
Do you think of your needs in the future?
Is there something you can do now to make your life better then?
It's all about planning ahead ..
All these call for thinking about your life journey
Life is never as simple as expected for the Penny family - there's always a disaster waiting round the corner!
Sharon Collard, former Chair in Personal Finance Capability at the True Potential Centre for the Public Understanding of Finance (PUFin) at the Open University, talks about insuring against not being able to work.
Phineas Gage’s 19th century accident took out a very particular part of his brain that is responsible for emotional processing. It was a very early example of how we started to get to learn about what bits of the brain do. We're learning more and more that cognitions and emotions are completely intertwined and that as humans, emotions are a very important part of our thinking processes. For example, there's good evidence that people who are very impulsive buyers are often doing this as a not very effective way of regulating their emotions. They're not good at managing bad emotions: going shopping turns out to be a form of emotion repair, and people who are impulsive buyers are typically much more likely to get into financial trouble.
Listen to Part 2 of Week 1 on Share Radio - then take the Week 1 quiz/test. As you take each week of the course, your results will build up on your personal dashboard.
is broadcast by Share Radio and is based on the Open University Business School online course of the same name.
Your presenters are Glen Goodman and Annie Weston.