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Updated in [June 30th, 2023]

This course, Managing My Money for Young Adults, is designed to help 16-18 year olds and those in their early 20s to take control of their financial future. Learners will gain an understanding of how to budget effectively, choose and manage savings accounts, borrow sensibly and manage debts effectively. The course is tailored to the UK, however many of the topics covered are relevant to learners in other countries. Funded by The Chartered Accountants’ Livery Company Charity, this course is an invaluable resource for young adults looking to gain financial independence.

[Applications]
Upon completion of this course, learners are encouraged to apply the knowledge they have gained to their own financial situation. They should use the skills they have learned to create a budget, manage their savings, and borrow responsibly. Learners should also use the knowledge they have gained to plan ahead and make their financial goals achievable.

[Career Path]
One job position path recommended to learners of this course is a Financial Planner. Financial Planners are responsible for helping individuals and businesses manage their finances and investments. They provide advice on how to save, invest, and manage money in order to reach financial goals. Financial Planners also help clients understand the risks associated with different investments and provide guidance on how to minimize those risks.

The demand for Financial Planners is expected to grow significantly in the coming years. As the population ages, more people will need help managing their finances and investments. Additionally, the increasing complexity of the financial markets and the need for more sophisticated financial advice will create more opportunities for Financial Planners. As a result, the job outlook for Financial Planners is expected to be very positive.

[Education Path]
The recommended educational path for learners of this course is to pursue a degree in finance or accounting. This degree will provide learners with a comprehensive understanding of financial management, including budgeting, savings, borrowing, and debt management. It will also provide learners with the skills to plan ahead and make their financial goals achievable. Additionally, learners will gain an understanding of the current trends in the financial industry, such as the impact of technology on financial services, and the changing regulatory environment. This degree will also provide learners with the opportunity to develop their professional network and gain valuable experience in the field. Finally, learners will be able to apply their knowledge to their own personal finances, helping them to make informed decisions and manage their money more effectively.