Money Management for Young Adults

Teach young adults how to develop and practice the habit of becoming financially savvy and learn how to manage their finances.

Beginner 0(0 Ratings) 6 Students enrolled
By: Stephan Shaw Last updated Thu, 15-Sep-2022 English
What will i learn?
  • What is money and how it works
  • The habit of saving and rational spending
  • Pros and cons of using a credit card
  • The basic concepts in finance
  • Difference between wants and needs, consuming and creating
  • How to track expenses
Curriculum for this course
0 Lessons 00:00:00 Hrs
Requirements
  • There are no prerequisites for this course.
Description

Only 52% of 7-17 year olds say they received a meaningful financial education in school, at home or in other settings (Source: FinCap)

Most kids are taught to study hard to get good grades just to pass exams - in order to get a good job for life and retire at 70. Sounds familiar?

This doesn't work anymore in this day and age: the average worker has had at least 10 different jobs by the time they're 40 (Source: Bureau of Labour Statistics). Most people live paycheque to paycheque. 69% of people have less than $1000 saved (Source: GBR).


This course is designed to help kids to better understand the world of money and what they can do at their age now, to help prepare them for the real-life financial challenges.


In this course, teenagers will learn the most important aspects of money management, how to save, spend and earn. They will be taught the importance of early money management and how to set financial goals. Classes will highlight the significance of building the habit of tracking their expenses, of earning more than spending. They will be given practical tools on how to apply all the knowledge on a daily basis.


Starting with the history of money and ending up with showing concrete models of how to record finances, this course was made in a simple way, with terminology easy to understand for the young ones. The short scenes between the instructors will keep the students engaged through the 1 hour of material and also show them examples according to the topics.


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About the instructor(s)
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  • 5 Students
  • 1 Course

Recently appointed to the position of Chief Financial Officer at NYC Health+ Hospitals/Woodhull, Stephan Shaw's scope of responsibilities include the following: Admitting, Cash Management, Analytics, Budget, Grant Management, Managed Care, Revenue, Patient Accounts and Health Information Management.

Mr. Shaw has almost two decades of healthcare financial experience.  Prior to joining Woodhull, he served as Deputy CFO at Harlem Hospital where he was responsible for the hospital's daily financial operations.  In addition, he previously managed the public system's 4.5 billion dollar Personal Service & Fringe Benefit budgets at Central Office and was in charge of Budget, Accounts Payable and Data Analytics at Kings County.

Mr. Shaw has a Masters of Business Administration (MBA) degree from Long Island University.  A native of Trinidad and Tobago, he is an avid traveler and enjoys mentoring young future leaders.

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