ECON-125 Personal Money Management

Credits 4 / 4 Contact Hours
Pre-requisite: Placement into RDNG-030 (ACSR-030), completion of ELAP-110 with a minimum grade of 2.0, or successful completion of RDNG-016 or ACLT-074 with a minimum grade of 3.0.
This practical course provides an introduction to the personal financial planning process. Topics include planning and managing personal finances making purchasing decisions insuring resources investing retirement planning and estate planning.

Course Outcomes
1. Develop personal financial goals, and identify strategies for achieving those goals. 2. Analyze factors that impact employment opportunities, and identify techniques that foster career growth and advancement. 3. Identify the major types of financial statements and create a budget 4. Select appropriate tax strategies for various personal and financial situations. 5. Evaluate the various accounts offered by financial institutions. 6. Discuss the advantages and disadvantages of consumer credit and assess the role it does/will play in your financial situation. 7. Identify the best choice of credit for various personal and financial situations. 8. Identify strategies for effective consumer buying and for dealing with problems that may arise related to those purchases. 9. Evaluate housing alternatives and choose the best option based on personal and financial factors. 10. Analyze insurance coverages and policy types for homes and vehicles. 11. Analyze and explain the benefits and limitations of the various types of health insurance coverage. 12. Analyze the various types of life insurance companies and the types of policies they offer. 13. Describe the importance of establishing an investment program 14. Describe the fundamentals of investing in stock, and the techniques used to evaluate a stock’s performance. 15. Evaluate the various types of bonds and bond issuers. 16. Evaluate mutual funds as an investment. 17. Evaluate the advantages and disadvantages of real estate as an investment. 18. Recognize the importance of retirement planning. 19. Analyze the personal and legal aspects of estate planning.