Analysis of personal and family financial management principles. Financial planning of savings; investments; credit; mortgages and taxation; life, disability, health, and property insurance; public, private pensions; and estate planning.
Course Objectives / Goals:
Upon successful completion of this course, students should be able to:
Develop skills in planning, evaluating, and implementing personal, household, and family financial goals.
Recognize external and internal factors that impact on the achievement of financial goals.
Evaluate strategies to maximize economic well-being and minimizes the risk of economic deprivation.
Develop skills in analyzing financial functioning in households/families with different levels of income, in different stages of the family life cycle and with diverse and complex family needs.
Discuss basic terms and concepts relating to personal and family finances.
Set attainable financial goals for themselves and others and monitor progression toward these goals.
Discuss the importance of being financially literate and its implications on a personal level, the community, the political process, and the public world.
