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Course Description
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Foundations in Personal Finance
Entry-Level finance course designed to review basic math skills and their application in a consumer setting. Topics included are income, money management, spending, credit, savings and investing.
Essential Learning Outcomes (ELOs):
Students will focus on the following throughout the course.
- Review basic math skills and their application in a consumer setting.
- Understand the basics of budgeting and develop a plan for spending / saving that has long term and short term components.
- Identify the five foundations of personal finance and explain the three basic reasons for saving money.
- Describe the difference between simple and compound interest.
- Demonstrate how compound interest works and understand the impact of an annual interest rate.
- Identify various types of loans and identify the most cost-effective option for purchasing a home or car.
- Describe the elements of a credit score, explain the factors that affect a credit score and understand how to obtain a credit report.
- Evaluate the role of marketing strategies, peer pressure, and opportunity in purchasing decisions
- Understand the role of insurance.
- Describe factors affecting take-home pay and identify different types of taxes.
- Evaluate investment alternatives: money markets, bonds, single stocks mutual funds, annuities, and real estate
- Examine the relationship between diversification and risk and the rule of 72.
Course Syllabus
- Rene Creamer rcreamer@njuhsd.com 530.273.4431