STU 102 - Personal Finance

1 Credits, 1 Contact Hours
1 lecture period 0 lab periods

Examination of financial practices students can use to build a strong financial foundation for their future. Includes budgeting, examining expenses, increasing income, minimizing college and other sources of debt, and exploring investment and insurance fundamentals. Also includes making informed personal finance decisions that lead to greater financial independence and increased personal success throughout life.

 

2. Identify strategies to reduce personal expenses and protect income.

3. Identify ways to generate income, including potential career salaries and investment related income.

4. Identify common sources of debt and develop strategies to eliminate them.

5. Describe various ways to pay for college, including grants, scholarships, and student loans.

1. Budgeting
   1. Learning to track spending
   2. Making a basic budget
   3. Understanding credit and interest rates
   4. Paying bills
2. Reducing Expenses and Protecting Income
   1. Introduction to managing money
   2. Cost reduction strategies
   3. Insurance policy basics
   4. Understanding personal tax basics
3. Generating Income
   1. Career income expectations
   2. Money saving strategies
   3. Investment and retirement strategies
4. Reducing Debt
   1. Credit card debt
   2. Student loan debt (and repayment)
   3. Other types of debt
5. Paying for college
   1. Personal resources
   2. Grants and scholarships
   3. Student loans
   4. Other options