Do you hate math? We get it. But at the same time, it’s really important to understand the basics of finance, so you can manage your money effectively. Here are our favorite—and painless even for those of us who aren’t math geniuses—5 finance resources to help boost your knowledge about things like budgeting, saving, and credit. Some of them even make it kind of fun. (If math can ever be fun.)
1. Udemy Personal Finance 101
There are a lot of great courses on Udemy, and Personal Finance 101 is one of the best. It’s engaging, easy to understand, and free. The videos are short (less than 5 minutes each) so you can watch one whenever you have a few spare moments. It covers topics from credit and debt management to budgeting and investing, as well as buying a car, financially navigating a divorce, and more.
2. Rich & Regular
Rich & Regular includes debt management and budgeting information, but its real focus is on growing your money. If you want to know all there is to know about investing, this is a great place to start.
The backstory is interesting here, too—the couple behind these resources had $200,000 in debt, and they found a way to pay it off over five years. So they definitely have firsthand knowledge about the advice they’re giving, and have proven it works!
3. Mr. Money Mustache
Silly name, but seriously useful finance information. Mr. Money Mustache is one financially savvy dude. He and his wife, who just had normal jobs—no trust funds, no lottery wins, no stock windfalls—retired at 30. They became financially independent while still living an enjoyable life. So obviously, this guy has some tips you might want to check out.
Mr. MM focuses a lot on focusing on core happiness, and being very conscious of how you spend your time. He advocates a simpler life, practicality, and cutting back on a lot of materialistic and superficial things. Some of his advice may be a little too extreme for some—like canceling your TV service—but there will probably be at least a few changes you’ll want to make in your own life.
4. Khan Academy
Khan Academy has given hope to those of us who’ve always felt helpless when it comes to math. So it’s no surprise that they’ve brought that Khan-esque approachability to topics related to finance.
A couple of highlights to check out:
- Personal Finance – this module covers a ton of topics, and it’s broken up into units with subtopics, and each one has a short video. There are links to all of the subtopics, so all you have to do is click on the one you want to learn about. The organization makes it really easy, and you can find valuable, actionable information for however general or specific you want to get. For example, one of the topics is, ‘What is the bare minimum I need to know to avoid ruining my life?’
- Financial Literacy – this course covers a lot of the same ground as the Personal Finance course, but it’s more generalized information around the categories and terms. The Personal Finance topics are more focused on advice and actions you can take to improve your financial life.
5. The Consumer Finance Protection Bureau
This one sounds like it would be boring, but it actually has a lot of useful information on how to protect yourself from things like scammers, and identity theft.
It also has great tools and strategies to help you navigate financial challenges and life events like buying a home and retirement, as well as useful answers to frequently asked questions about just about every financial topic under the sun.