College of Humanities
FP/120 Version 3
Essentials of Personal Finance
Copyright © 2012, 2011, 2009 by University of Phoenix. All rights reserved.
This course provides an overview of the elements necessary for effective personal financial planning and the opportunity to apply the techniques and strategies essential to this understanding. Primary areas of study include creating and managing a personal budget, understanding and paying taxes, working with financial institutions, wise use of credit cards and consumer loans, financing automobiles and homes, and the use of insurance for protecting one’s family and property.
Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents:
University policies: You must be logged into the student website to view this document. •
Instructor policies: This document is posted in the Course Materials forum.
University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality.
Bajtelsmit, V. L. & Rastelli, L. G. (2012). Personal finance: Managing your money and building wealth. Hoboken, NJ: Wiley
All electronic materials are available on the student website.
Week One: Personal Financial Planning
List the five steps in the personal financial planning process. 1.2
Summarize what influences personal financial planning.
Identify parts of a financial plan.
Describe how to organize and prepare personal financial statements. 1.5
Identify cash management products and services.
Complete a personal cash flow statement.
Read Ch. 1 of Personal Finance.
Read Ch. 2 of Personal Finance.
Read Ch. 4 of Personal Finance.
Read Appendix A: How to Install QuickTime® Movie Player.
Read Appendix C: Personal Cash Flow Statement.
Read this week’s Electronic Reserve Readings.
Participate in class discussion.
Post at least two substantive posts on four separate days of the week
2 Discussion Questions
Respond to weekly discussion questions.
Reply to at least three DQs for the week
2 Nongraded Activities and Preparation
Center for Math Excellence
Review the Center for Math Excellence site, which provides resources for math review and tutoring. A link is available on the student website or through the Library tab.
Decision to Own a Home vs. Rent
Watch the video “Decision to Own a Home vs. Rent”
Note: You will need to install Quick Time® Movie Player to view the videos associated with this course. See Appendix A.
Home Budget Calculator
Watch the Home Budget Calculator tutorial: http://wps.pearsoncustom.com/wps/media/objects/7557/7738468/fin-calcs/HomeBudget.html.
Personal Financial Planning Worksheet
Complete Appendix B: Personal Financial Planning Worksheet.
Toolwire® Learnscape: Understanding Effective Money Management
Complete the Toolwire® Learnscape: Understanding Effective Money Management.
Log in to the student website.
Click on the link to the Toolwire® Learnscape: Understanding Effective Money Management. A new window will open containing a description of the Learnscape.
Complete the Learnscape Activities.
Complete the Toolwire® Learnscape Assessment.
Week Two: Consumer Credit
Credit Protection and Repair
List types of consumer credit.
Identify the five C’s of credit.
Recognize the advantages and disadvantages of credit cards. 2.4
Summarize how to protect and correct credit.
Read Ch. 5 of Personal Finance....
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