FINA 102 Personal Finance

This is an introductory course highlighting personal financial planning including: goal setting budgeting, tax planning, housing, consumer credit, buying automobiles, insurance protection, retirement planning, and in introduction to investing. Projects encourage students to apply course concepts to their own situation.

Credits

3 Credits

FINA 102Personal Finance

Please note: This is not a course syllabus. A course syllabus is unique to a particular section of a course by instructor. This curriculum guide provides general information about a course.

I. General Information

Department

Business & Economics

II. Course Specification

Course Type

Program Requirement

Credit Hours Narrative

3 Credits

Semester Contact Hours Lecture

45

Semester Contact Hours Lab

0

Semester Contact Hours Clinical

0

Grading Method

Letter grade

Repeatable

N

III. Catalog Course Description

This is an introductory course highlighting personal financial planning including: goal setting budgeting, tax planning, housing, consumer credit, buying automobiles, insurance protection, retirement planning, and in introduction to investing. Projects encourage students to apply course concepts to their own situation.

IV. Student Learning Outcomes

Upon completion of this course, a student will be able to:

Explain financial literacy and how sound financial decisions can increase a person’s standard of living and wealth. Develop and evaluate a spending/savings plan. Demonstrate an understanding of the effects on consumer decisions. Summarize the rights and responsibilities of a consumer. Describe the nature of tax liabilities and demonstrate the ability to prepare personal income tax forms. Evaluate services provided by financial institutions to make decisions for personal banking needs. Plan for home ownership and identify types of mortgages. Evaluate Savings and investment options to meet short and long-term goals. Analyze factors which affect the choice of credit, the cost of credit, and the legal aspects of using credit. Analyze choices available to consumers for protection against risk, identity theft, and financial loss.

V. Topical Outline (Course Content)

Personal Financial Planning in Action Money Management Skills Taxes in Your Financial Plan Financial Services: Savings Plans and Payment Accounts Consumer Credit: Advantages, Disadvantages, Sources, and Costs Consumer Purchasing Strategies and Wise Buying of Motor Vehicles Selecting and Financing Housing Insurance: Home, Auto, Health, and Disability Income Investing Basics: Bonds, Stocks, and Mutual Funds Retirement and Estate Planning

VI. Delivery Methodologies

Required Assignments

Goal Setting and Budget Forms Book Report Housing Assignment Retirement Planning

Required Exams

Common Final

Required Text

Kapoor, Dlabay, and Hughes. Focus on Personal Finance, Fifth Edition Irwin/McGraw-Hill. ©2016. (recommended textbook—if another textbook is being used it needs to be approved prior to teaching the course)Other Reading Material (available online or a local library)Computer Access (ability to PDF, PPT, PPTX, DOC, DOCX, download software/basic computer skills)Internet access (ability to stream video/audio, access virtual contentAccess to Student Learning Management System

Required Materials

Required Activities

Specific Course Activity Assignment or Assessment Requirements

Goal Setting and Budget Forms Book Report Housing Assignment Retirement Planning Common Final 1. 2.