Top 9 Online Financial Literacy Courses for Newly Divorced People
Introduction
If you’re navigating the divorce process, you may already have been confronted with some new financial realities. How will the income that supported one household now support two? How will you manage your debt while saving and investing for your and your family’s future? This article will guide you through the journey of rebuilding your financial literacy after divorce so you can make informed decisions and strive for your financial goals with confidence.
Understanding Financial Literacy
Financial literacy is a toolkit of financial knowledge and skills that allow you to take charge of your future financial life. As a newly single individual, you will need to understand your assets, liabilities, and net worth. Maintaining a budget that upholds your living expenses while managing debt becomes essential. Moreover, you must have a firm grasp of tax implications, investments, and savings. Your wealth management is now your sole responsibility.
Overcoming Overwhelm
Navigating post-divorce finances can be overwhelming. Take a moment to relax and focus on yourself. Your breathing. Your soul. Then, with the understanding that your financial needs and health matter greatly, take a dive into the world of online financial literacy courses. There are plenty of resources online specifically designed for people who need practical solutions for their financial life.
Financial Literacy Apps to Fast-Forward Your Knowledge
- World of Money: This app teaches financial concepts easily and concisely, with video lessons on everything from the basics of spending and saving to investing.
- Zogo: This financial education app makes learning about finance fun. It has partnered with financial institutions to reward learners with gift cards to motivate and keep it entertaining.
- Investment: This app takes the complicated world of investing and explains it in easy-to-understand, jargon-free language.
- Savings Spree: This award-winning financial app makes learning about household finances a game. If you want to involve the whole family, consider this one.
Online Courses to Enhance Financial Literacy
- Udemy’s Personal Finance 101: This three-hour class requires no prior knowledge of finances. In it, you touch on a broad variety of financial topics through a series of engaging animated videos. The course is free unless you want a course certificate.
- Skillshare’s My Financial Mountain: Understanding Your Path to a Solid Financial Foundation. While not a deep dive into finance, this is a good introductory video to key financial concepts. Although Skillshare is a subscription-based learning community, you can sign up for a free trial.
- Introduction to Managing Your Personal Finance Debts: So much of personal finance is about managing debt. Alison (Advanced Learning Interactive Systems Online) offers valuable insight into debt management and prioritizing debt payoff. Alison also offers other free courses focusing on improving your financial situation through wealth building and retirement planning.
- Coursera: Coursera is a well-known educational platform offering a variety of financial courses from financial professionals at some of the country’s top companies and universities.
- Woman’s Guide to Financial Independence After Divorce: If you are looking for a more fine-tuned financial course specifically addressing post-divorce financial issues, look no further than The Options Lady’s Woman’s Guide to Financial Independence After Divorce. This comprehensive course, taught by a financial advisor and certified divorce financial analyst, takes a focused approach to finances post-divorce.
Seeking Focused Help
Enhancing your financial literacy through online coursework can help you feel empowered about your financial future and give you some of the tools you’ll need to care for yourself and your family. However, you may decide you want more focused help with your specific financial picture. If so, consider getting advice and guidance from a certified divorce financial analyst, or CDFA. At Hello Divorce, we offer professional CDFA services and other essential resources to help you navigate your divorce proceedings and beyond. Let us help make your divorce and post-divorce life as smooth as possible.
Conclusion
Navigating financial matters after divorce can be a challenging process. However, by investing time in enhancing your financial literacy through various resources and seeking professional guidance if necessary, you can take control of your financial future and work towards achieving your goals with confidence. Remember, your financial well-being is now in your hands, and with the right knowledge and tools, you can build a stable and secure financial future for yourself and your family.
FAQs
- Is financial literacy essential after a divorce?
Yes, financial literacy is crucial after a divorce as it empowers you to make informed decisions about your financial life and secure your future.
- Can financial literacy help manage debt effectively?
Absolutely! Understanding financial concepts can help you manage debt efficiently and work towards becoming debt-free.
- What are some good financial literacy apps to start with?
Apps like World of Money, Zogo, and Savings Spree offer valuable insights into financial concepts in an engaging manner.
- Are online courses expensive?
No, there are several free or low-cost online courses that offer comprehensive financial education.
- Why should I consider a certified divorce financial analyst?
A certified divorce financial analyst can provide personalized guidance and insights into your unique financial situation post-divorce, helping you make well-informed decisions.