Foundations Of Personal Finance – fp101 (3 credits)
This course provides an overview of the elements necessary for effective personal financial planning and the opportunity to apply the techniques and strategies essential to this understanding. Primary areas of study include creating and managing a personal budget, understanding and paying taxes, working with financial institutions, wise use of credit cards and consumer loans, financing automobiles and homes, and the use of insurance for protecting one’s family and property.
Identify key short- and long-term financial planning goals.
Evaluate your current financial status.
Recognize the power of financial planning and budgeting.
Consumer Debt: Becoming Debt-Free
Differentiate between secured and unsecured debt and strategies to address each.
Apply best practices for reducing credit card debt.
Determine best strategies to manage student loan debt.
Identify the importance of credit reports and strategies to build a strong credit score.
Insurance: Protecting Your Interests
Evaluate health and life insurance options.
Identify best practices for selecting home and car insurance.
Recognize the value of other forms of insurance, such as renter’s insurance, disability insurance, and long-term care insurance.
Un-cluttering Your Financial Life: Finding Your Path to Financial Freedom
Determine effective strategies for managing your cash.
Identify ways to improve your current financial status.
Family Finances: Kids and Money
Determine best strategies for managing family finances.
Describe best strategies for giving gifts and loans.
Identify best strategies for saving for education.
Protecting Yourself and Your Family: What You Need to Know
Evaluate considerations for preparing the four documents you must have to protect yourself and your family.
Create the four documents you must have to protect yourself and your family.
Retirement Planning: Rules of the Road
Identify reasons for and the importance of saving for your future.
Determine best retirement investment strategies.
Identify common retirement planning mistakes and ways to avoid them.
Investing: Laying the Ground Rules
Evaluate factors that influence your investment decisions.
Analyze the risks and rewards of investing in stocks and bonds.
Analyze the risks and rewards of investing in different types of mutual funds.
Describe ways to diversify investments.
Big-Ticket Items: Dreams Can Come True
Evaluate the options of buying a car and leasing a car.
Evaluate the options of buying a home and renting a home.
Determine best strategies for buying a home and taking title.
Identify best strategies for mortgage financing.
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While widely available, not all programs are available in all locations or in both online and on-campus formats. Please check with a University Enrollment Representative.
Transferability of credit is at the discretion of the receiving institution. It is the student’s responsibility to confirm whether or not credits earned at University of Phoenix will be accepted by another institution of the student’s choice.