Personal Finance

This course equips you with the ability to understand, plan, and manage your financial affairs. Personal Finance focuses on the development of practical methods of organizing financial information, how to interpret personal financial position and cash flow, among other topics.

What you’ll learn

  • Understand what impacts personal financial planning
  • Ability to determine planned retirement income
  • Knowledge to develop a balanced budget
  • Study money management, insurance, and investing
Personal Finance

$79

Plus membership

3 Credits

All courses include:

eTextbooks

2 to 3-day turnaround for grading

Multiple chances to improve your grade

On-demand tutoring & writing center

Student support 7 days a week

$79

Plus membership

3 Credits

All courses include:

eTextbooks

2 to 3-day turnaround for grading

Multiple chances to improve your grade

On-demand tutoring & writing center

Student support 7 days a week

Personal Finance

$79

Plus membership

3 Credits

About This Course

|
ACE Approved 2024

The Personal Finance online course equips you to understand, plan, and manage your financial affairs. This course focuses on the development of practical methods of organizing financial information, how to interpret personal financial position and cash flow, develop achievable and worthwhile goals, and implement actionable plans and risk management techniques to meet those goals. Additional topics covered during Personal Finance includes money management, insurance, and investing.

Course Outcomes

Define key financial terms, such as budgeting, credit score, diversification, compound interest, time value of money, stocks, inflation, liquid assets, liability, APR, tax deduction, Roth IRA, emergency fund.

Summarize the major principles of personal finance and budgeting and explain how they contribute to overall financial well-being. 

Assess the impact of taxation on personal finances, identify strategies to minimize tax liabilities, and make ethical and responsible financial decisions.

Develop a personalized budget, incorporating income, expenses, and savings goals, applying concepts from the course. 

Develop a plan to protect your credit and manage debt.

Demonstrate an understanding of the factors involved in selecting a house, considering financial implications, location, market trends, home insurance options, coverage, costs, and relevance in protecting personal assets related to homeownership.

Evaluate different types of health, automobile, and life insurance coverage and articulate their importance in mitigating financial risks. 

Design a diversified investment portfolio, compare different types of investment options, and demonstrate an understanding of stocks, bonds, and mutual funds.

Explore and understand the technological tools, platforms, and software available for managing personal finances, like budgeting apps, investment software, and banking technologies.

Develop personalized retirement and estate plans that align with individual financial goals, considering factors such as longevity, inflation, and the preservation and distribution of wealth.

Read Less

Course Text

Prefer the hard copy? Simply purchase from your favorite textbook reseller; you will still get the eTextbook for free. The required eTextbook for this course is included with your course purchase at no additional cost.

Personal Finance

Kapoor, Jack, Les Dlabay, Robert J. Hughes, and Melissa Hart. Focus on Personal Finance, 7th Edition. McGraw-Hill, 2022.  ISBN: 9781260772371

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