This course provides a foundational understanding of personal financial management and the responsibilities required for long-term fiscal health. The course covers essential topics including creating and managing realistic budgets, optimizing income and career choices, and developing effective strategies for spending and consumption. A major focus is placed on understanding the practical use and risks associated with credit and debt, alongside building proficiency in various methods of saving and investing to ensure informed financial planning for the future.
Prerequisites
None.
1. Apply a systematic process to make sound personal financial decisions.
2. Describe key money management techniques, such as budgeting and cash flow analysis.
3. Demonstrate understanding of consumer credit principles, appropriate usage, and effective debt management.
4. Apply financial knowledge to make informed, optimal purchasing decisions for goods and services.
5. Evaluate different types of insurance and demonstrate understanding of risk management strategies.
6. Demonstrate understanding of the investment process, including asset allocation and portfolio diversification.
7. Demonstrate knowledge of essential retirement and estate planning concepts, relevant documentation, and strategies.