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BUS-255-20, Personal Financial Management (WN14)

 INSTRUCTOR: Lawrence Beyer

SCHEDULE/DAY/TIME: Tuesday and Thursday evenings 6:00 – 9:00 pm, 01/02/2014-01/23/2014

CONTENT:

This course covers the essential elements of a personal financial plan, including creation of personal financial statements and a personal budget.  As part of this process, students will learn how to managing credit, invest for the short-term, medium term, and long term, and create a retirement plan.

LEARNING OBJECTIVES:

-Create a Financial Plan and personal budget

-Create investment portfolios for the short term, intermediate term, and retirement

-Demonstrate understanding of the use of insurance products and explain misuses by insurance industry

-Demonstrate understanding of borrowing for home and car, and understanding of credit scoring

METHODS:

Teaching methods will include lectures, full class discussions, in-class problem solving, and possibly group work.

 REQUIREMENTS AND ASSIGNMENTS: 

Include textbook and article readings, answering questions, problem solving, and production of personal financial statements, budget, and financial plan.

REQUIRED TEXT(S) OR MATERIALS: 

Personal Finance, edition 5, by Jeff Madura. Published by Pearson. ISBN 978-0-13-299434-7. The textbook I am requiring comes with a CD.  The CD is loaded with excel spreadsheet templates to be used for building a personal financial plan.  It is very helpful but is not required. 

RECOMMENDED READINGS OR MATERIALS: 

READINGS AND/OR ASSIGNMENTS TO BE DONE PRIOR TO THE FIRST CLASS:

Chapters 1-4 of Textbook.