Course

Course Summary

Credit Type:

Course

ACE ID:

OOSL-0036

Organization's ID:

FIN101

Organization:

StraighterLine

Location:

Online

Length:

Self-paced. 14 weeks (75 hours)

Dates Offered:

Credit Recommendation & Competencies

Level	Credits (SH)	Subject
Lower-Division Baccalaureate	3	Personal Finance

Description

Objective:

The course objective is to equip students to understand, plan, and manage financial affairs. It focusses on the development of practical methods of organizing financial information, interpreting personal financial positions and cash flow, developing achievable and worthwhile goals, and implementing actionable plans and risk management techniques to meet those goals. Specific topics to be covered include money management, insurance, and investing.

Learning Outcomes:

Demonstrate an understanding of the factors involved in selecting a house, considering financial implications, location, market trends, home insurance options, coverage, costs, and relevance in protecting personal assets related to homeownership.
Design a diversified investment portfolio, compare different types of investment options, and demonstrate an understanding of stocks, bonds, and mutual funds.
Assess the impact of taxation on personal finances, identify strategies to minimize tax liabilities, and make ethical and responsible financial decisions.
Develop a plan to protect your credit and manage debt.
Evaluate different types of health, automobile, and life insurance coverage and articulate their importance in mitigating financial risks.
Explore and understand the technological tools, platforms, and software available for managing personal finances, like budgeting apps, investment software, and banking technologies.
Define key financial terms.
Summarize the major principles of personal finance and budgeting and explain how they contribute to overall financial well-being.
Develop a personalized budget, incorporating income, expenses, and savings goals, applying concepts from the course.
Develop personalized retirement and estate plans that align with individual financial goals, considering factors such as longevity, inflation, and the preservation and distribution of wealth.