An overview of personal finance and goal setting including personal budgeting, credit, banking facilities, and the nature of investments. Students will utilize analytical skills and practical working knowledge to set realistic financial goals, prepare a manageable budget, and make decisions that will protect income, assets, credit rating, and retirement security. Topics covered include property & liability insurance, auto insurance, life insurance, health & disability insurance, investing, stocks, bonds, mutual funds, real estate, time value of money and retirement planning.
Analyze the impact of spending habits on short- and long-term financial stability and financial well-being.
Identify types and sources of consumer credit.
Compare automobile, property, and life insurance products to determine the best options for specific life situations.
Develop an investment portfolio strategy aligned with financial goals and risk tolerance.