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Essentials Of Personal Finance –
fp120
(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.
This undergraduate-level course is 5
weeks.
To enroll, speak with an Enrollment Advisor.
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Personal Financial Planning
List the five steps in the personal financial planning process.
Summarize what influences personal financial planning.
Identify parts of a financial plan.
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Money Management
Describe how to organize and prepare personal financial statements.
Identify cash management products and services.
Complete a personal cash flow statement.
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Consumer Credit
List types of consumer credit.
Identify the five C’s of credit.
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Credit Protection and Repair
Recognize the advantages and disadvantages of credit cards.
Summarize how to protect and correct credit.
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Avoiding and Managing Debt
List good practices for managing debt.
Recognize signs of credit trouble.
Identify parts of a credit report.
Recognize student loan options and implications for the future.
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Major Financial Assets
Explain interest rates.
Outline the decision process for buying a car or house.
Summarize the steps in buying a home.
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Insurance
- Summarize the functions of insurance.
- List characteristics of auto, home, health, disability, and life insurance.
- Describe the importance of wills.
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Tax Management
Explain taxable income and taxes owed.
Summarize ways to save money on federal taxes.
List steps to file a federal tax return.
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Investment and Long-Term Planning
- Summarize the investment planning process.
- Explain retirement income needs.
- List sources of retirement income.
- The University of Phoenix reserves the right to modify courses.
- 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 Advisor.
- 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.
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Learn more today
Find out how we can help you meet your goals. Not all courses are available to residents of all states. Ask your Enrollment Advisor for details.
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