Basic Personal Finance

Catalog description

Introduces financial literacy, which includes understand in the sources of personal income and how consumers spend, manage risk and save. Methods for saving and investing will be presented. The importance of personal credit scores and consumer debt, including credit cards, automobile loans and home mortgages will be discussed. Topics will also include goal setting, household budgeting and major purchase decision making. There will also be a discussion of retirement planning and the various ways to prepare for retirement. Students will be trained to calculate mortgage and car loan payments and the value of an investment. The purpose of this course is to prepare students to solve personal financial problems and make good financial decisions.