Personal Money Management

Catalog description

One lecture. Introduction to spending money wisely, saving money, personal budgeting, applying for financial aid, understanding your credit score, how to interpret your paycheck, basic investing, and protecting yourself from identify theft. This class is a lecture format with interaction in a computer in a computer lab. Students will be able to: understand how to create a personal budget; understand how the financial aid application process works; describe loan debt and credit card debt and how to minimize it; understand how to positively use credit; describe the consequences of defaulting on student loans and other credit; create a plan for saving money and an emergency fund; know their credit score, what it means and how to improve it; understand how to protect themselves from identity theft; understand interest rates, subprime lending and payday lending; how to read a paycheck. Grading Option: May be taken for S/U credit.