Personal Finance News

Khan Academy Launches Free Financial Literacy Course

by Kyle BurbankJul 21, 2023

Those looking to learn about a number of financial topics now have a new resource to turn to.

About the course:

This week, Khan Academy announced a new financial literacy course. More accurately, the course is an expansion of a project first announced last year. While the version launched in December of last year included sections on Budgeting & Saving and Consumer Credit, this update now covers such topics as insurance, investing, retirement, scams and fraud, taxes, and more. Plus, Khan states that it plans to bring additional exercises and cover even more topics in a subsequent update expected next year.

Throughout the course, users will encounter videos, written materials, and quizzes that will help guide them through some of the topics mentioned above. In total, there are 11 units made up of multiple lessons each. Each unit concludes with a unit test — and a 30-question course challenge caps off the current class.

As Khan notes, the free course was made possible thanks to some key sponsors. This includes founding sponsor Walmart alongside Intuit and Capital One. In a separate press release, Walmart also announced that it was making a version of the course available to its Associates.

What they’re saying:

Commenting on the launch of this new financial literacy tool, Khan Academy founder Sal Khan (who also hosts the course’s video material) stated, “We think our course will help learners think about the world in a different way. It encourages new habits. Even small habits like saving just a few dollars a day can add up to big savings over time.”

Khan also offered thanks to the platform’s sponsors, saying, “I want to be clear that our funders make this work possible. Without their support, we would not be able to produce lessons about financial literacy and keep them free. I’m incredibly thankful for Walmart for stepping up first and then the critical additional support we’re receiving from Intuit and Capital One.”

My thoughts:

I have some familiarity with Khan Academy thanks to my parents both being teachers and the fact they previously teamed up with Disney for themed STEM courses. Thus, it doesn’t surprise me that the platform has taken it upon itself to create this financial literacy course. In fact, if anything, I’m a bit taken aback that it took this long!

Looking through some of the course material, there seems to be a lot of great info. That said, the coursework might not be as exciting as, say, Pixar in a Box. Still, considering the course is free, I think this will prove to be a great resource for kids, teens, adults, and Walmart employees alike.

Author

Kyle Burbank

Head Writer ~ Fioney

Kyle is the head writer for Fioney. He is a personal finance nerd, constantly looking for new apps and services to test and incorporate into his own financial game plan. In addition to his role at Fioney, he's written for other publications including Born2Invest, Lifehack, and Laughing Place, as well as his own site Money@30. He also creates personal finance and travel-related videos for Fioney's YouTube channel, which has garnered more than 2 million views. Currently, Kyle resides in Springfield, Missouri with his wife of 10 years. Together, they enjoy traveling (including visiting Disney Parks around the world), dining, and playing with their dog Rigby.

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