Personal Finance
The aim:
1. To empower students to successfully make and carry out a plan for their financial future.
Acquired knowledge:
1. Provide knowledge about personal finance, financial markets and institutions.
Acquired skills:
1. Students develop the critical-thinking and problem-solving skills necessary to respond to challenging situations in personal finance and their future careers.
Acquired social skills:
1. To organize students’ thinking then examines the models as real-world scenarios in a personal finance from a practitioner’s perspective.
Course contents:
1. The Financial Planning Process.
2. Measuring Your Financial Health and Making a Plan.
3. Understanding and Appreciating the Time Value of Money.
4. Tax Planning and Strategies.
5. Cash or Liquid Asset Management.
6. Using Credit Cards: The Role of Open Credit.
7. Student and Consumer Loans: The Role of Planned Borrowing.
8. The Home and Automobile Decision.
9. Life and Health Insurance.
10. Property and Liability Insurance.
11. Investment Basics.
12. Investing in Stocks.
13. Investing in Bonds and Other Alternatives.
14. Retirement Planning.
15. Estate Planning: Saving Your Heirs Money and Headaches.
16. Financial Life Events–Fitting the Pieces Together.
Recommended reading:
1. Personal Finance, Arthur J. Keow, Pearson.