BUS-131 Personal Money Management

This course deals with management of personal finances over the life cycle of the individual consumer. Topics covered include establishment of personal financial objectives, budgeting, use of credit, property, liability and life insurance, major purchases such as housing, transportation and education; taxes, savings, investments, and retirement and estate planning.

Credits

3

Lecture Contact Hours

3

Lab Contact Hours

0

Other Contact Hours

0

Department

• Business

Grading Scheme

• Letter

SUNY Gen Ed Credit

• No

Course Learning Outcomes

1. Apply methods of personal budgeting.
2. Demonstrate the ability to comprehend, interpret, analyze and evaluate college level materials.
3. Identify cash and credit management principles and practices.
4. Select guidelines and resources for making major purchasing decisions.
5. Design a personal budget.
6. Identify types and characteristics of the various forms of insurance protection.
7. Select investing instruments and methods of wealth accumulation.
8. Analyze college, retirement, and estate planning using current periodicals.
9. Demonstrate knowledge of the concept of the time value of money and the use of time value tables.