Learning Catalog

Personal Financial Planning – FIN 250 (SNHU)

Personal Financial Planning – FIN 250 (SNHU)

Credits 1

Competency Group Overview

Meets ICT graduation requirement

Competencies

  • Personal Financial Planning
    Students will demonstrate an understanding of the theoretical principles of financial planning by applying them to individual and family financial plans.
  • Time Value of Money
    Students will demonstrate an understanding of the time value of money by analyzing how time creates distance, risk, and opportunity cost.
  • Debt Management
    Students will demonstrate an understanding of the factors of creditworthiness and the costs of debt by calculating and explaining consumer and mortgage debt in their financial plan.
  • Risk Management
    Students will demonstrate an understanding of the risk reducing properties of personal and property insurance as well as estate planning by creating a financial plan for retirement and defending the choices they made.
  • Investment Strategies
    Students will demonstrate an understanding of the risk and return associated with a variety of investment instruments by developing a financial investment plan for meeting their retirement needs and discussing the inherent risks and benefits of the plan they create.

Pre-Requisites

High school sophomore

Status:

Waitlist

Estimated Completion Time

1 segment/ 16-18 weeks

Overview

This course provides an overview of personal financial decision-making. The course uses the life-cycle approach and emphasizes financial planning for each phase of life. Topics covered include career planning, budgeting, use of credit, insurance, investments, retirement planning, and income tax planning.

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Major Topics and Concepts

 

Course Objectives:

  • Comprehend at a practical level the importance and benefit of applying theoretical principles to individual and family financial planning techniques
  • Calculate and present basic short-term financial analyses which complement the lifelong support of individuals and families
  • Compare and apply various long-term planning strategies for assessing successful retirement, estate, and investing choices, including basic tax effects
  • Investigate basic financial information to valuation techniques applicable to equity, bond, and other assets considered for inclusion in a personal investment portfolio
  • Examine basic economic theory and apply to consumer spending and investment decisions for lifelong financial success

 

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