College of Humanities
FP/120 Version 3
Essentials of Personal Finance
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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
Money Management Details Due Points
Objectives 1.1 List the five steps in the personal financial planning process.
1.2 Summarize what influences personal financial planning.
1.3 Identify parts of a financial plan.
1.4 Describe how to organize and prepare personal financial statements.
1.5 Identify cash management products and services.
1.6 Complete a personal cash flow statement.
Reading Read Ch. 1 of Personal Finance.