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Course FIN101: Personal Finance


Personal Finance (3 credits)

Students taking this course will be equipped to understand, plan, and manage their financial affairs. The course focuses on the development of practical methods to organizing personal financial information, interpret one's current financial position and cash flow, set achievable and worthwhile goals, and implement actionable plans and risk management techniques to meet those goals. The course will also specifically cover money management, insurance, and investing.

Prerequisites: There are no prerequisites to take Personal Finance.

Personal Finance Course Objectives

After completing this online finance course, students will be able to:

  • Identify socioeconomic influences that impact personal financial planning.
  • Create a plan for making personal financial and career decisions.
  • Calculate your taxable income and taxes owed to the IRS.
  • Explain how to obtain disability insurance and describe how it can protect you from loss.
  • Compare and contrast the advantages and disadvantages of three different types of payment methods and give examples.
  • Assess the components of the risk factor one must consider before investing.
  • Calculate the cost of securing a loan and describe how to go about applying for credit.
  • Describe the characteristics of mutual funds investments and classify mutual funds by investment objective.
  • Determine your planned retirement income and develop a balanced budget based on your retirement income.
  • Analyze the personal and legal aspects of estate planning.

Textbook: Not Yet Determined