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Dec 26, 2024
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BUS 110 - Personal Finance
Credits: 3
3 Lecture Hours
Description
This is a course in the management of personal finances focusing on proper budgeting of income to cover expenses. Emphasis is on identifying spending habits of consumers and the proper use of credit cards and consumer loans in making purchase decisions, as well as an individual’s insurance and retirement options.
Learning Outcomes
Upon completion of the course, the student will:
- Construct a personal budget by examining sources of income and key expenditures as well as how taxes affect each.
- Identify the steps in the personal finance decisions.
- Differentiate between debit and credit cards as well as when and how each could be used responsibly to avoid bankruptcy.
- Contrast various investment tools such as stocks, bonds and mutual funds as they relate to retirement and saving.
- Outline estate planning basics and legal documents needed.
Listed Topics
- Personal budget development
- Credit, cash and consumer loan spending
- Bankruptcy
- The housing decision
- Purchasing consumer durables
- Insurance coverage for home, auto and individuals
- Retirement planning
- Investment basics
- Estate planning
Reference Materials
Current textbook
Supplementary materials such as study guides, videos, handouts, library resources
Students who successfully complete this course acquire general knowledge, skills and abilities that align with CCAC’s definition of an educated person. Specifically, this course fulfills these General Education Goals: - Critical Thinking & Problem Solving
- Information Literacy
Approved By: Dr. Quintin B. Bullock Date Approved: 2/13/2021
Last Reviewed: 5/13/2021
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