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

Semesters Course Will Be Offered

• Fall
• Spring

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.

View Course Outline

BUS 131: Personal Money Management

Department

Business

Course Description

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.

Credit Hours

3

Contact Hours

Lecture	3
Lab	0
Other	0

Grading Scheme

Letter

Semester(s) Course Will Be Offered

Fall, Spring

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.

Topic Outline

1. Personal financial tools: financial statements and budgets
2. Basic money management: liquidity, credit, taxes 
3. Effective buying: transportation and housing
4. Insurance protection: property, liability, health, and life
5. Investing: securities and mutual funds 
6. Financial planning for tomorrow: college, retirement, estate planning