Financial Vitals: Baseline Money Management Skills For Nurses

Course overview

Financial literacy has been defined as the knowledge and skills contributing to informed and effective decisions of managing personal money. Financial literacy may also improve professional satisfaction of nurses as nurses who understand financial management feel empowered to make informed financial decisions. These feelings of empowerment and confidence can decrease financial stress for nurses. Although nursing school covers a variety of clinical and professional topics, personal financial literacy is not usually included in undergraduate or graduate nursing curriculum. At the graduate level, nurses in an executive tract may have coursework in the financial aspects of the nurse executive role which may not translate easily to personal finance. Upon graduation and securing their first nursing job, new nurses may be asked to choose from a variety of financial benefits that are unfamiliar to them no matter their age. As they start to plan for life events like having children, buying a home, or retiring, nurses may realize they are unprepared financially. This offering has been developed to assist nurses in managing their personal finances, understanding basic investment strategies, and proactively planning for future financial needs.