Course Syllabus

Course Syllabus FP101 Foundations of Personal Finance
Please print a copy of this syllabus for handy reference. Whenever there is a question about what assignments are due, please remember this syllabus is considered the ruling document.
Copyright Copyright 2010 by University of Phoenix. All rights reserved. University of Phoenix is a registered trademark of Apollo Group, Inc. in the United States and/or other countries. Microsoft, Windows, and Windows NT are registered trademarks of Microsoft Corporation in the United States and/or other countries. All other company and product names are trademarks or registered trademarks of their respective companies. Use of these marks is not intended to imply endorsement, sponsorship, or affiliation. Edited in accordance with University of Phoenix editorial standards and practices.
Facilitator Information
Facilitator Availability I will check our forum from 7 p.m.-9 p.m. Eastern Time Monday - Friday, and 7:30a.m. 9a.m. on Saturday. I attempt to reserve Sunday for my family. Please be advised, if you post a question to your Individual Forum I will respond to you the next time I check into the class, with a goal of responding within 24 hours! If you would like to speak by phone please post a request for phone communication in your Individual Forum to set up a time for you to call me. I am here to help you succeed in any way I can. On Saturdays, I tend to be online in the morning only. If these times are not convenient for you, please let me know. I will be happy to accommodate your schedule, if possible. I provide you with these times to make it easier to communicate with me, and not to limit our contact. I want you to know that, should you need to contact me outside these time frames, you should not hesitate to do so. For emergencies, when you are not able to gain access to messages on the Online Learning System (OLS), please send a message to my personal email address. In the event a third party needs to contact me, please direct them to my contact information listed under "facilitator information." No third party should use your login credentials to gain access to the classroom. For emergencies, when you are not able to gain access to messages on the Online Learning System (OLS), please send a message to my personal email address. In the event a third party needs to contact me, please direct them to my contact information listed under "facilitator information." No third party should use your login credentials to gain access to the classroom. Facilitator Bio To introduce myself more fully, I am posting my biography in a separate note to our Chat Room forum. After you have read my bio, please post a bio about yourself I look forward to getting to know you! Words of Welcome Welcome to FP/101, Foundations of Personal Finance. I congratulate you on your decision to complete your Associates degree. I will do everything I can to ensure the next nine weeks will be a stimulating learning experience for all of us. If you ever have questions or need additional guidance, please feel free to contact me. Together, I trust we will have a challenging and rewarding class experience. Where to Go to Class Main: This is the main forum for the class and is where discussion is conducted. It has
read-and-write access for everyone. Chat-Room: This is a read-and-write access forum. It is designed as a place to discuss issues not related to the course content. This is the forum to which we will send our bios. Course-Materials: This is a read-only forum, which means you can read messages here but cannot send any. This is where I will post the course syllabus and materials. Individual Forum: You will see one forum with your name on it. This is a private forum, shared only by you and me, the facilitator. Your classmates will not have access to this forum. This is where you will post your individual assignments, and where I will post your feedback. You can also ask questions here. However, if you have general questions about instructions of assignments, please post those in the Main forum, since other students may benefit by that exchange as well. Class Policies and Procedures For class policies, please see the "Policies" link on the left side of the Materials page for the course on eCampus. Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within that link. University policies are subject to change so please be sure to read them at the beginning of each class as it may have changed since your last class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities it is important you read the policies governing your current class modality. Participation Policy Clarification Participation online is very important. As stated in the Policies link on the eCampus page, you are expected to participate 4 days a week in several different discussions and to contribute at least two substantive comments in the Main forum 4 of 7 days each week. This participation is a required part of your grade. Participation consists of notes you send above and beyond graded assignments, which generally means the messages you send as replies to messages from your classmates and me. Your initial DQ responses do not count for participation. Please note that both quantity and quality are important considerations when it comes to participation. A message which says simply, "I agree," for example, would not constitute participation because it does not add anything of substance to the discussion. In order to earn full participation points, you must add something of substance to the discussion 4 out of 7 days per weekadding something of substance would consist of new ideas, your perspectives, pointed follow-up questions, responses to discussion questions, etc. You will find it is much easier to keep up with an online class if you are logging in and participating regularly.
Expectations for Discussion Question Responses Discussion question responses should be at least 150 to 300 words. For discussion question responses in the Main forum, please post responses to the threads provided. To respond, highlight the appropriate thread, click on Reply, type your response, and post message. Please do not start a new thread for the weekly discussion questions in the Main forum. Unlike your formal written assignments, I do not require that your discussion question responses adhere to specific formatting requirements. However, please make sure to proofread carefully. I will evaluate your grammar, spelling, and punctuation. I expect your discussion question responses to reflect critical thought. Whenever possible, please try to relate the course content to real-world applications from your work experience. Course Materials The assignment materials and syllabus may vary from those posted on your Materials page for this course. When in doubt, always refer back to this Course Syllabus for exact assignments and instructions. All assignments and additional reading assignments will be posted in the Course Materials forum. You will still need to refer to your Materials page on eCampus to access to the required reading assignments. Technical Support Technical Support is available 24 hours a day, 365 days a year. Call 1-877-832-4867, or use the e-mail support form. Answers to the most common issues are found in the Knowledge Base by clicking Help, found at the top of every student Web site. Feedback Each week, I will provide grades or scores and comments on your assignments. I will send feedback to your Individual forum. Grading Formula Percentage % Grade 95+ 90-94 87-89 A AB+
84-86 80-83 77-79 74-76 70-73 67-69 64-66 60-63 <59
B BC+ C CD+ D DF
Course Description
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 ones family and property. Course Topics & Objectives Week One: Personal Financial Planning
y y y
List the five steps in the personal financial planning process. Summarize what influences personal financial planning. Identify parts of a financial plan.
Week Two: Money Management

y y y
Describe how to organize and prepare personal financial statements. Identify cash management products and services. Complete a personal cash flow statement.
Week Three: Consumer Credit y y List types of consumer credit. Identify the five Cs of credit.
Week Four: Credit Protection and Repair y y Recognize the advantages and disadvantages of credit cards. Summarize how to protect and correct credit.
Week Five: Avoiding and Managing Debt

y y y y
List good practices for managing debt. Recognize signs of credit trouble. Identify parts of a credit report. Recognize student loan options and implications for the future.
Week Six: Major Financial Assets

y y y
Explain interest rates. Outline the decision process for buying a car or house. Summarize the steps in buying a home.
Week Seven: Insurance

y y y
Summarize the functions of insurance. List characteristics of auto, home, health, disability, and life insurance. Describe the importance of wills.
Week Eight: Tax Management

y y y
Explain taxable income and taxes owed. Summarize ways to save money on federal taxes. List steps to file a federal tax return.
Week Nine: Investment and Long-Term Planning

y y y
Summarize the investment planning process. Explain retirement income needs. List sources of retirement income.
Course Materials Bajtelsmit, V. L. & Rastelli, L. G. (2008). Personal finance: Managing your money and building wealth. Hoboken, NJ: Wiley. All electronic materials are available on your student Web site. Point Values for Course Assignments ASSIGNMENTS Week 1 Assignment: Personal Financial Planning Worksheet Discussion Questions Participation Week 2 Assignment: Personal Cash Flow Statement Discussion Questions Participation Week 3 Assignment: The Five Cs Worksheet Discussion Questions Participation Week 4 Assignment: Midterm Exam Discussion Questions Participation Week 5 Assignment: Student Loan Summary Discussion Questions Participation 35 20 40 50 20 40 35 20 40 35 20 40 35 20 40 Points
Week 6 Assignment: Buy vs. Lease Scenario Discussion Questions Participation Week 7 Assignment: Insurance Matrix Discussion Questions Participation Week 8 Assignment: Tax Return Worksheet Discussion Questions Participation Week 9 Discussion Questions Participation Assignment: Final Exam Total 20 40 150 1000 35 20 40 50 20 40 35 20 40
Week One Personal Financial Planning

y y y
List the five steps in the personal financial planning process. Summarize what influences personal financial planning. Identify parts of a financial plan.
Course Assignments 1. Course Preparation

y y
Read the course description and objectives. Read the instructors biography and post your own.
2. Readings
y y
Read Ch. 1 of Personal Finance. Read Appendix A.
3. Nongraded Activity
y y
Watch the video, Decision to Own a Home vs. Rent, located at the following link: https://ecampus.phoenix.edu/secure/aapd/materials/videos/FP101.html
4. Assignment: Personal Financial Planning Worksheet

y y
Resource: Appendix B Complete the Personal Financial Planning Worksheet located in Appendix B. y Be sure to answer all questions completely. y Post your Personal Financial Planning Worksheet as a Microsoft Word attachment.
5. Discussion Questions
y
Refer to Figure 1-1 of Personal Finance. List the five steps in the personal financial planning process. Share one or two questions you may ask yourself when you are in Step 1.
y
Setting goals is one of the five steps of the financial planning process. Refer to Section 1.2 of Personal Finance which discusses the changing needs over the Life Cycle. Provide some examples of financial goals that may
be important for a family. Select one goal that is important to you and briefly discuss how this goal will influence your future financial planning. Refer to Section 1.3 of Personal Finance. Which part of the comprehensive financial plan do rent and food fall under? What about life insurance, long-term care insurance, and estate planning; which section of the comprehensive plan do these fall under?
y y
Page 8 of Personal Finance discusses how education plays a critical role in financial success. List at least two financial benefits of being college educated? How might a college education affect your long-term financial plan?
y
Watch the video, Decision to Own a Home vs. Rent, located at the following link:https://ecampus.phoenix.edu/secure/aapd/materials/videos/FP101.html Tom and Tammy Jones have been renting a house for 5 years. They have been saving money to buy a house for their family and have over half of the down payment set aside. The house the Jones have been living in has been sold and they are trying to figure out what to do. They are considering the following options: o Move in with Toms parents, who live nearby. With the low room and board they will pay, they should be able to buy a house within a year. o Rent a house. Rental prices have gone up, so if they do this, they will not be able to add to their down payment account. o Move to a less expensive town, which will add 45 minutes each way to Toms commute. They will be able to add to their down payment account and should be able to buy a house within 3 years.
What should the Jones family do? Discuss your reasons for making the choice you did.
Weekly Reminders Discussion Questions Discussion question responses will count towards the class participation requirement. Only posts in the Main classroom forum will count towards your class participation score. Summary of Week 1 Deliverables
Assignment
Participation Week 1 DQ 1 Week 1 DQ 2 Assignment: Personal Financial Planning Worksheet
Location
Main Forum Main Forum Main Forum Individual Forum
Due
Ongoing (4 days per week) Day 2 (Tuesday) Day 4 (Thursday) Day 7 (Sunday)
Week Two
Money Management y y y Describe how to organize and prepare personal financial statements. Identify cash management products and services. Complete a personal cash flow statement.
Course Assignments
1.
Readings y Read Ch. 2 & 4 of Personal Finance.
2.
Nongraded Activity y Watch the tutorial, Home Budget Calculator, located at the following link: http://wps.pearsoncustom.com/wps/media/objects/7557/7738468/fincalcs/HomeBudget.html Feedback Question: How are your organization skills working for you? What is working? What challenges remain?
3.
y
Assignment: Personal Cash Flow Statement Resource: Appendix C y Complete the Personal Cash Flow Statement located in Appendix C. Keep this statement for your own records, but answer the following questions in at least 300 words: o How does a personal cash flow statement help you organize your finances? o What was the most interesting thing you learned about completing this worksheet?
o Did this worksheet provide you with any ideas about how you may want to change your budget (how much you are spending, saving, or reducing your debt)? y Post your answers in a Microsoft Word attachment.
4.
Discussion Questions y Refer to p. 8793 of Personal Finance. Identify two cash management products and provide a short description of each. Do you have any experience with these products? y Review Section 4.4.1 of Personal Finance. What are some questions you should consider when opening a checking account? What are some ways to save and store your personal financial information? Review Marys balance sheet. Do you think Mary is saving enough money for emergencies, college, or retirement? What Rule of Effective Cash Management should Mary use to improve this situation? Review the Home Budget Calculator located at the following link: http://wps.pearsoncustom.com/wps/media/objects/7557/7738468/fincalcs/HomeBudget.html.Input the requested information from your paycheck and on the expenses page. Did you find this calculating tool useful? Explain why or why not.
y y
Weekly Reminders Discussion Questions Discussion question responses will count towards the class participation requirement. Only posts in the Main classroom forum will count towards your class participation score. Summary of Week 2 Deliverables Assignment
Participation Week 1 DQ 1 Week 1 DQ 2 Assignment: Personal Cash Flow Statement
Location
Due
Week Three
Consumer Credit y y List types of consumer credit. Identify the five Cs of credit.
Course Assignments
1. Readings y Read Ch. 5 (pp. 107115) of Personal Finance.
2. Nongraded Activity y Review the Five Cs Web page located at the following link: http://www.loanuniverse.com/credit.html. y Feedback Question: What are the biggest stressors about being an Axia student?
3. Assignment: The Five Cs Worksheet y y y y Resources: Appendix E Complete the Five Cs Worksheet located in Appendix E. Identify which of the five Cs corresponds to each description in the table. Post your Five Cs Worksheet as a Microsoft Word attachment.
4. Discussion Questions y Review p. 113 of Personal Finance and list the five Cs of credit. Provide a brief description of each. Edwina has been living with her parents since she graduated from college about 2 years ago. Because her parents only charge her a small amount for her room and board, she has managed to tuck away $5,000 in a savings account. Her car has died and her uncle has offered to sell his car for $4,500. o Edwina has never had a credit card or taken out a loan. Some of her friends are advising her to take out a loan. Edwinas parents are against her borrowing money; they want her to use her savings to pay for the car. o What do you think Edwina should do? Should she get the loan or pay with her savings? Explain why you think your choice is the better one of the two.
Review Section 5.2 of Personal Finance. If you want to buy something, what are the three main ways to pay for the item? If you decide to use consumer credit to make your purchase, what are the two main types of credit available? Discuss one advantage and one disadvantage of consumer credit. After reviewing The Five Cs located in your course materials, answer the following questions: o Which of the five Cs does employment and education history fall under? o What is collateral? Why is collateral required for some people and for some types of loans?
y y
Participation Week 1 DQ 1 Week 1 DQ 2 Assignment: The Five Cs Worksheet
Location
Due
Week Four
Credit Protection and Repair y y Recognize the advantages and disadvantages of credit cards. Summarize how to protect and correct credit.
Course Assignments
1. Readings y Read Ch. 5 (pp. 115133) of Personal Finance. y Read this weeks Electronic Reserve Readings.
2. Nongraded Activity y y Resource: Annual Credit Report Web site: www.annualcreditreport.com Explore the Frequently Asked Questions section to learn about credit reporting, credit improvement, information correction, identity theft, and other topics Feedback Question: Which University resources have you been using to help you be a more effective student? How might those resources help you be more effective in this course?
3. Assignment: Midterm Exam y y y Resource: Appendix D Complete the Midterm Exam located under Assessments on your student Web site. You may complete the exam only once. Copy and paste your exam results into a Microsoft Word document. o o o o Press Ctrl + A on your computer keyboard to select all of the text. Press Ctrl + C on your computer keyboard to copy the text. Open a blank Microsoft Word document. Press Ctrl + V on your computer keyboard to paste the text into a Microsoft Word document.
Post the Microsoft Word document with your Midterm Exam Results.
4. Discussion Questions y Review Credit Cards, located at the following link: https://ecampus.phoenix.edu/secure/aapd/materials/videos/FP101.html .
o Go to http://www.bankrate.com/calculators/managing-debt/minimum-paymentcalculator.aspx. Type in $5,000 for What is your credit card balance? Type in $150 for What fixed payment could you make each month? Do you think it is better to pay only the minimum payment or pay the higher monthly amount? Explain why. y Review How to Establish, Use, and Protect Your Credit located under your Week Four Electronic Reserve Readings. o What is one way to establish your credit and one way to protect your credit? What are some things you can do to improve poor credit? What are some advantages and disadvantages of using credit cards? Have you ever had a credit card? If so, please share some of your experiences with them. Visit the Federal Trade Commission at http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre03.shtm. Using Section 2 of this
page, which explains what you can do to legally improve your credit report, discuss what steps you can take if you find incorrect information on your credit report.
y Log onto Annual Credit Report www.annualcreditreport.com. What are the names of the three credit reporting agencies? Using information from the Frequently Asked Questions section, briefly explain what a credit score is.
Participation Week 1 DQ 1 Week 1 DQ 2 Assignment: Midterm Exam
Location
Due
Week Five
Avoiding and Managing Debt y y y y List good practices for managing debt. Recognize signs of credit trouble. Identify parts of a credit report. Recognize student loan options and implications for the future.
Course Assignments
1. Readings y Read Ch. 6 of Personal Finance.
2. Nongraded Activity y Resource: The Fair Credit Report Agency and Avoiding Scams sections located at the following link: http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre03.shtm. Feedback Question: How are your stress management strategies holding up for you? Is the stress you are experiencing what you expected it to be? What did you not expect? How are you handling those stressors? What stress management techniques have you found to be particularly useful for yourself?
3. Assignment: Student Loan Summary y y y Resources: The Fair Credit Report Agency and Avoiding Scams Reflect on how this article may be relevant to your future. Write a short summary addressing the following questions:
o What are some future consequences of borrowing too much debt? o How do you plan on repaying your student loans? o What is one positive thing you can do to keep your student loans under control? y Post your Student Loan Summary as a Microsoft Word attachment.
4. Discussion Questions y Go to http://www.annualcreditreport.com to get a free credit report from Experian. Note. Do not choose any of the options that require payment. Review all of the brown tabs at the top of the page. After retrieving your report and reviewing these items, answer the following question:
Discuss what you learned about credit in general, and what type of information is in your credit report. Be careful not to divulge confidential information about your credit; keep the discussion to the general type of information found on a credit report. y Refer to Section 6.4 of Personal Finance. Discuss some positive steps you can take to manage debt. Choose one of the signs of credit trouble listed on p. 145 of Personal Finance. Explain how someone can try to improve this situation. Review the Student Loans video, located at the following link: https://ecampus.phoenix.edu/secure/aapd/materials/videos/FP101.html . o What are some benefits of using student loans? o When do you have to begin paying back these loans? o What does it mean if your loans go into default? y Log onto the Federal Trade Commission Web site: http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre03.shtm. Under Section 3, which offers tips on dealing with debt, review Avoiding Scams. Answer the following question: If a person is trying to get out of debt and looking for help, what are some of the actions or organizations to avoid?
Participation Week 1 DQ 1 Week 1 DQ 2 Assignment: Student Loan Summary
Location
Due
Week Six
Major Financial Assets y y y Explain interest rates. Outline the decision process for buying a car or house. Summarize the steps in buying a home.
Course Assignments
2. Nongraded Activity y Resource: Purchase versus Lease Decision located at the following link: http://wps.prenhall.com/wps/media/objects/6969/7137133/fin-calcs/BuyvsLease.html Feedback Question: Have you been using the Center for Writing Excellence? How as that worked for you? How might that help you in this course? What challenges have you found when using the Center for Writing Excellence?
3. Assignment: Buy vs. Lease Scenario y Resources: Auto Calculator Web site: http://www.bankrate.com/calculators/auto/buy-orlease-calculator.aspx y Answer the questions presented the way you think you would if you were in the market for a car. y Write a paragraph discussing the following: o What recommendation does the calculator make for you? o Did the recommendation change the way you previously thought about buying vs. leasing a car? o Do you think you will follow the recommendations made by the calculator? Explain why or why not. y Post your Buy vs. Lease Scenario as a Microsoft Word attachment.
4. Discussion Questions y y Refer to Figure 7-1 of Personal Finance. Why is it important to go through these steps when you are planning on making a large purchase? Refer back to Section 6.1.1 of Personal Finance. Discuss one of the risks of a variable rate loan.
y y y
Review Decision to Own a Home vs. Rent. Discuss the advantages and disadvantages of renting a home vs. buying. Refer to Section 7.4, 7.5, and 7.6 of Personal Finance. List three steps in buying a home. What are some important points to consider in your purchase? Review Purchase vs. Lease Decision. Imagine you need a new car. Input the amount you can spend in the Buy vs. Lease Calculator. Review the results anddiscuss the advantages and disadvantages of buying vs. leasing a vehicle.
Participation Week 1 DQ 1 Week 1 DQ 2 Assignment: Buy vs. Lease Scenario
Location
Due
Week Seven
Insurance y y y Summarize the functions of insurance. List characteristics of auto, home, health, disability, and life insurance. Describe the importance of wills.
Course Assignments
1. Readings y Read Ch. 8, 9 (pp.225240), 10 (pp.248260), & 15 (pp. 408417) of Personal Finance.
2. Nongraded Activity y y Resource: Reasons for Having a Will located at the following link: https://ecampus.phoenix.edu/secure/aapd/materials/videos/FP101.html Feedback Question: What kinds of questions do you have remaining about plagiarism and how to avoid it?
3. Assignment: Insurance Matrix y y y Resources: Appendix F Complete the Insurance Matrix in Appendix F. Post the completed Insurance Matrix as a Microsoft Word attachment.
4. Discussion Questions y What does it mean to have insurance? Choose two types of insurance (auto, home, health, disability, or life insurance) and identify one characteristic of each. Angie is considering the options for deductibles on her auto insurance. She can save $150 a year by switching from a $500 to a $1,000 deductible. What is a deductible? What does this mean if Angie has a car accident? If you own your car or house and are no longer making payments, should you still have insurance on them? Explain why or why not. Geraldo works full-time to take care of his family. His wife, Marina, stays home to take care of their two young children. What kind of insurance coverage should Geraldo and Marina have for their family? Explain why. Review the Reasons for Having a Will video, located at the following link: https://ecampus.phoenix.edu/secure/aapd/materials/videos/FP101.html .
o Acelas aging parents own a house and a car. Acela is currently living in the house with her parents. Her brother and sister are married and live elsewhere. Why is it important for Acelas parents to have wills? What are some possible consequences of not having wills?
Participation Week 1 DQ 1 Week 1 DQ 2 Assignment: Insurance Matrix
Location
Due
Week Eight
Tax Management y y y Explain taxable income and taxes owed. Summarize ways to save money on federal taxes. List steps to file a federal tax return.
Course Assignments
2. Nongraded Activity y y Resource: Focus on Ethics: Reducing Your Taxes located at the following link: https://ecampus.phoenix.edu/secure/aapd/materials/videos/FP101.html. Feedback Question: How does your understanding of academic credibility apply to your work in this course?
3. Assignment: Tax Return Worksheet y y y y Resources: Appendix G and Appendix H Review Glorias Tax Return located within Appendix G. Complete the Tax Return Worksheet located with Appendix H. Post Appendix H as a Microsoft Word attachment.
4. Discussion Questions y Refer to Section 3.2 of Personal Finance. What is taxable income and how do you know how much taxes are owed? There are a number of ways to fill out tax return. If you prepare your own tax returns, you can use a software package to fill out the proper forms. Review Personal Income Taxes located at the following link: https://ecampus.phoenix.edu/secure/aapd/materials/videos/FP101.html o List one benefit and one disadvantage of filing your taxes electronically. y Some individuals prefer to have their employers withhold more money than they will owe so they can get big refund checks in April or May. Others prefer to minimize withholdings, so they can either spend the money throughout the year, or put it into a retirement or other savings account. Which strategy do you think is better? Explain why.
Review Section 3.3 of Personal Finance. Do you think it is better to prepare your taxes yourself or to have them prepared by a professional? Explain why. Review Focus on Ethics: Reducing Your Taxes located at the following link: https://ecampus.phoenix.edu/secure/aapd/materials/videos/FP101.html . What are some ways you can save some money on your taxes?
Participation Week 1 DQ 1 Week 1 DQ 2 Assignment: Tax Return Worksheet
Location
Due
Week Nine
Investment and Long-Term Planning y y y Summarize the investment planning process. Explain retirement income needs. List sources of retirement income.
Course Assignments
1. Readings y Read Ch. 11 & 14 of Personal Finance.
2. Nongraded Activity y Resource: How Retirement Planning Fits Within Your Financial Plan video located at the following link:https://ecampus.phoenix.edu/secure/aapd/materials/videos/FP101.html Feedback Question: What are you doing to ensure that you remain an ethical and honest student?
3. Assignment: Final Exam y y y Resource: Appendix D Complete the Final Exam located under Assessments on your student Web site. You may complete the exam only once. Copy and paste your exam results into a Microsoft Word document. o o o o Press Ctrl + A on your computer keyboard to select all of the text. Press Ctrl + C on your computer keyboard to copy the text. Open a blank Microsoft Word document. Press Ctrl + V on your computer keyboard to paste the text into a Microsoft Word document.
Post the Microsoft Word document with your Final Exam results.
4. Discussion Questions y What things do you take into consideration when beginning to plan for investments? Why is it important to understand your long term goals before you begin investing? At what age do you hope to retire? How do you plan to incorporate your retirement in your personal financial plan?
Refer to pg. 391 in Personal Finance and review Concern about Retirement Benefits in the Future located at the following link:https://ecampus.phoenix.edu/secure/aapd/materials/videos/FP101.html . o What is Social Security? Discuss how it fits into your retirement plan. There are concerns that Social Security may have trouble paying full benefits in the future. Why does this matter to you now?
Refer to Section 11.1.3 in Personal Finance. List two ways to begin putting aside money for investments. You can often save money by making small changes. Share one tip you think may help save some money in the long-run. Review How Retirement Planning Fits within Your Financial Plan located at the following link:https://ecampus.phoenix.edu/secure/aapd/materials/videos/FP101.html. o Discuss the type of financial needs you will have at retirement age. How important is retirement planning to you now? How important do you think it will be in 10 years?
Participation Week 1 DQ 1 Week 1 DQ 2 Assignment: Final Exam
Location
Due
Natasha Simpson Faculty
University of Phoenix ncsimpson@email.phoenix.edu 404-358-7604 Eastern Time Zone

Course Syllabus

Uploaded by

Document Information

Original Description:

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Course Syllabus

Uploaded by

Copyright:

Available Formats

Course Syllabus FP101 Foundations of Personal Finance

84-86 80-83 77-79 74-76 70-73 67-69 64-66 60-63 <59

Week Two: Money Management

Week Five: Avoiding and Managing Debt

Week Six: Major Financial Assets

Week Seven: Insurance

Week Eight: Tax Management

Week Nine: Investment and Long-Term Planning

Week One Personal Financial Planning

Course Assignments 1. Course Preparation

Read Ch. 1 of Personal Finance. Read Appendix A.

4. Assignment: Personal Financial Planning Worksheet

Readings y Read Ch. 2 & 4 of Personal Finance.

Natasha Simpson Faculty

University of Phoenix ncsimpson@email.phoenix.edu 404-358-7604 Eastern Time Zone

You might also like