Personal Finance
Course Content from McGraw-Hill| Overall Rating | |
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This course will equip you to plan and manage your financial affairs. It will focus on developing practical methods of organizing your financial information, interpreting your personal financial position and cash flow, setting achievable and worthwhile goals, and implementing actionable plans and risk management techniques to meet those goals. Specific topics to be covered include money management, insurance, and investing.
This Course Includes:
- Proctored Exams
- 48 hours grading turn-around
- Live technical and student support
- Free transcription to your destination school
- 150+ partner college and universities with direct articulation
- Self Paced
- Business
- Content by McGraw-Hill
After completing this course, students will be able to:
- Define key financial terms, such as budgeting, credit score, diversification, compound interest, time value of money, stocks, inflation, liquid assets, liability, APR, tax deduction, Roth IRA, emergency fund.
- Summarize the major principles of personal finance and budgeting and explain how they contribute to overall financial well-being.
- Assess the impact of taxation on personal finances, identify strategies to minimize tax liabilities, and make ethical and responsible financial decisions.
- Develop a personalized budget, incorporating income, expenses, and savings goals, applying concepts from the course.
- Develop a plan to protect your credit and manage debt.
- Demonstrate an understanding of the factors involved in selecting a house, considering financial implications, location, market trends, home insurance options, coverage, costs, and relevance in protecting personal assets related to homeownership.
- Evaluate different types of health, automobile, and life insurance coverage and articulate their importance in mitigating financial risks.
- Design a diversified investment portfolio, compare different types of investment options, and demonstrate an understanding of stocks, bonds, and mutual funds.
- Explore and understand the technological tools, platforms, and software available for managing personal finances, like budgeting apps, investment software, and banking technologies.
- Develop personalized retirement and estate plans that align with individual financial goals, considering factors such as longevity, inflation, and the preservation and distribution of wealth.
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Topic |
Subtopics |
Objectives |
Assignments |
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1 |
Personal Financial Planning in Action |
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2 |
Money Management Skills |
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3 |
Taxes in Your Financial Plan |
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4 |
Financial Services: Savings Plans and Payment Accounts |
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5 |
Consumer Credit: Advantages, Disadvantages, Sources, and Costs |
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6 |
Consumer Purchasing Strategies and Wise Buying of Motor Vehicles |
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7 |
Selecting and Financing Housing |
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8 |
Home and Automobile Insurance |
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9 |
Health and Disability Income Insurance |
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10 |
Financial Planning with Life Insurance |
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11 |
Investing Basics and Evaluating Bonds |
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12 |
Investing in Stocks |
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13 |
Investing in Mutual Funds |
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14 |
Starting Early: Retirement and Estate Planning |
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15 |
Review & Final |
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There are no prerequisites to take Personal Finance.
The required eTextbook for this course is included with your course purchase at no additional cost. More information on StraighterLine eTextbooks
Prefer the hard copy? Simply purchase from your favorite textbook retailer; you will still get the eTextbook for free.
Kapoor, Jack, Les Dlabay, Robert J. Hughes, and Melissa Hart. Focus on Personal Finance, 7th Edition. McGraw-Hill, 2022. ISBN: 9781260772371
StraighterLine provides a percentage score and letter grade for each course. A passing percentage is 70% or higher.
If you have chosen a to award credit for this course, your final grade will be based upon that college's grading scale. Only passing scores will be considered by Partner Colleges for an award of credit.
There are a total of 1000 points in the course:
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Topic |
Assessment |
Points Available |
Learning Outcomes |
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1 |
Reflective Response: Personal Financial Planning in Action |
7 |
1 |
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2 |
Reflective Response: Money Management Skills |
7 |
2 |
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3 |
Reflective Response: Taxes in Your Financial Plan |
7 |
3 |
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3 |
Graded Exam 1 |
126 |
1, 2, 3 |
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4 |
Reflective Response: Financial Services: Savings Plans and Payment Accounts |
7 |
4 |
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5 |
Reflective Response: Consumer Credit: Advantages, Disadvantages, Sources, and Costs |
7 |
5 |
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6 |
Reflective Response: Consumer Purchasing Strategies and Wise Buying of Motor Vehicles |
7 |
5 |
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7 |
Reflective Response: Selecting and Financing Housing |
7 |
6 |
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7 |
Graded Exam 2 |
125 |
4, 5, 6 |
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8 |
Reflective Response: Home and Automobile Insurance |
7 |
7 |
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9 |
Reflective Response: Health and Disability Income Insurance |
7 |
7 |
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10 |
Reflective Response: Financial Planning with Life Insurance |
7 |
8 |
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10 |
Graded Exam 3 |
125 |
7, 8 |
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11 |
Reflective Response: Investing Basics and Evaluating Bonds |
7 |
8 |
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12 |
Reflective Response: Investing in Stocks |
7 |
8 |
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13 |
Reflective Response: Investing in Mutual Funds |
7 |
8 |
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14 |
Reflective Response: Starting Early: Retirement and Estate Planning |
7 |
9 |
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14 |
Graded Exam 4 |
125 |
8, 9 |
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15 |
Personal Financial Literacy with ChatGPT |
200 |
2, 5, 8, 9 |
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15 |
Final Exam |
200 |
1-10 |
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Total |
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1000 |
Final Proctored Exam
The final exam is developed to assess the knowledge you learned taking this course. All students are required to take an online proctored final exam in order complete the course and be eligible for transfer credit.
The course was perfectly fine, I felt decently educated and prepared for the tests.
The course was perfectly fine, I felt decently educated and prepared for the tests.
Very good basic financial information to help students learn to be educated consumers.
Very good basic financial information to help students learn to be educated consumers.
it was structured and clear
Glad I will not have to take again.
Glad I will not have to take again.
it was structured and clear
It was a very well put together course with easy maneuverability throughout the course area.
Great course, good basic knowledge, good variety of formats to study from
It was a review of personal financial needs for day to day living.
Great overview of the financial industry and personal finance.
Great course, easy to learn!
This course provide with a detailed knowledge about managing the finance in day to day life and planning for the retirement.
I liked going at my own pace
I liked the ability to work on my own at my own pace.
I liked going at my own pace
I liked the review activities, because i would do the flash cards and then go into the reading. Afterwards, i went back to the review activities to see what i retained. Very helpful.
I liked the review, as it helped me focus on specific aspects of the course for the exams.
I liked the test length
It covered multiple facets of personal finance.
presentation methodology and exercises
I liked the ability to work on my own at my own pace.
The portion at the end of each chapter called "Getting Personal" was an excellent way to compare a real life scenario to the examples in the book.
I liked the review activities, because i would do the flash cards and then go into the reading. Afterwards, i went back to the review activities to see what i retained. Very helpful.
I liked the review, as it helped me focus on specific aspects of the course for the exams.
I liked the test length
It covered multiple facets of personal finance.
presentation methodology and exercises
The portion at the end of each chapter called "Getting Personal" was an excellent way to compare a real life scenario to the examples in the book.