Taught as an applied course. You can immediately put to use the tools and techniques taught in class. Covers all aspects of financial planning from budgeting, to investing, to retirement planning.

Applicable to any age (18-80)

No Prerequisites; Excellent as an elective or for meeting continuing educative requirements; Great for new or returning students that have been away from school for a while

Department:

Consumer & Textile Sciences-- (Click Here for Printer Friendly Version)

Number:

260

Title:

Family Financial Management I

Credit hours:

5

GEC categories:

  

Instructor:

Sid Hall

E-mail:

Hall.20@osu.edu

Related links:

http://www.mansfield.osu.edu/directory/details.cfm?recordID=68

Last updated:

Wednesday, August 24, 2005

Prerequisites:

none (restrictions waived)

Course Objectives:

You work hard for your money, find out how to make your money work hard for you. Enable the student to gain financial control of his or her life by introducing a broad range of material relevant conducting one’s personal financial affairs. The material is applicable whether the student plans to conduct his or her own financial affairs of hire outside help. The ultimate goal is to enable the student to become  financially independent!

 

Bring Your Money

Into Focus à

Course Content:

 I.                   Develop a personal financial plan

a.      Analyze your financial position
b.      Set realistic financial goals
c.       Develop strategies to reach your financial goals

II.                Understand basic money management

a.       Cash flow analysis – control spending and start saving
b.      Basic credit concepts – evaluate costs and manage credit       cards, installment loans, mortgages, etc.
c.       Housing and other major costs – rent versus buy

III.             Understand insurance and determine your needs

a.       Life
b.      Health
c.       Property
d.      Automobile

IV.              Understand basic investing and wealth building techniques

a.       Inflation – the silent thief of your wealth
b.      Terminology and fundamentals of the stock market
c.       Municipal bonds
d.      Treasury bonds
e.       Annuities
f.        Mutual Funds

V.                 Understand basic tax planning

a.       Tax deferred retirement programs (IRA, SEP, 403B, Keogh,       401k)
b.      Tax saving techniques related to saving, borrowing, and       investing

Method of Presentation:

Lecture, open discussions and review of assignments. The course emphasizes how the material learned in class can be put to work immediately in the financial affairs of the student.

Method of Evaluation:

Homework & Class participation, Your “Own” Financial Plan, Quizzes and Final Exam.