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.
List characteristics of auto, home, health, disability, and life insurance.
Summarize the functions of insurance.
Major Financial Assets
Summarize the steps in buying a home.
Outline the decision process for buying a car or house.
Explain interest rates.
Avoiding and Managing Debt
Recognize student loan options and implications for the future.
Recognize signs of credit trouble.
Recognize the advantages and disadvantages of credit cards.
List good practices for managing debt.
Credit Protection and Repair
Explain how to correct credit.
Summarize how to protect credit from identity theft.
Explain the credit approval process.
Identify parts of a credit report.
Identify the five C’s of credit.
List types of consumer credit.
Complete a personal cash flow statement.
Identify cash management products and services.
Describe how to organize and prepare personal financial statements.
Personal Financial Planning
Identify parts of a financial plan.
Summarize what influences personal financial planning.
List the five steps in the personal financial planning process.
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.