Money matters as new course boosts financial management skills

Jun 26, 2014

Over 40 representatives from businesses in and around Milton Keynes attended the event, which was presented by Martin Upton, director of the True Potential Centre for the Public Understanding of Finance.

Mr Upton (pictured) introduced local businesses to the new free course, available via the online social learning platform, FutureLearn, which will provide important skills to help adults manage their personal and household finances.

Andrew Haworth, mamnaging director of education and training consultancy Psychology and Finance at Work, designed and delivers the Finance Fundamentals Masterclass at Cranfield University.

He attended the Business Breakfast Briefing and believes that financial literacy courses should be available more widely.

“I think ‘Managing My Money’ is a great initiative that will help adults and businesses who haven’t had access to financial education before, increase their confidence and knowledge of financial management,” said Mr Haworth.

“Until now, our education system has not equipped people with the basic skills required to manage household and personal finances. A lot of young people don’t even understand how their credit rating can be affected by poor financial decisions.

“In my profession I work with a lot of businesses and it’s surprising how many genuine entrepreneurs don’t have a good enough grip of their finances.”

The eight-week course started on May 12 and students can register until the end of the course at the beginning of July 2014.
The course has been created by the True Potential Centre for the Public Understanding of Finance which was launched by The Open University Business School in Novemberand is supported by True Potential LLP. 

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