This seminar raises the participants' awareness for economic challenges and fosters their competences to make sound financial decisions. Based on a self-assessment, students learn about various financial goals and basic principles of budgeting and financial planning. There will also be explained the foundations of financing and investing with a special emphasis on various investment opportunities. Furthermore, the students learn how to invest money with a strong focus on retirement saving. The approach is based on diversification among several asset classes as well as on lump sum investments or cost averaging. The students will eventually be able to set up a target asset allocation and create portfolios using securities existing on the capital market.