BFIN 205 - Personal Finance

Credit(s): 3

This is an introductory course in personal finance and will expose the student to the issues and importance of personal finance. This course introduces the concepts and applications of personal finance and the importance of personal finance in both business and everyday living. The focus is on explaining the process of financial planning and the logic behind it and why it is important to the potential small business person or to the individual. (Fall and Spring Semesters)

Course Learning Outcomes

Recognize and explain the importance of the personal financial planning process and how it is related to small business operation as well as everyday life.
Explain the time value of money.
Recognize and explain the various methods money management.
Construct a budget and explain why budgets are necessary.
Evaluate the use of debt. Discuss the importance of retirement planning.
Analyze tax planning and strategies.
Recognize the importance of estate planning and critique various methods estate planning.