11/21/2024 10:36:47 AM	ADLTED 791 Course Outline as of Fall 2020	Changed Course
CATALOG INFORMATION
Discipline and Nbr:  ADLTED 791	Title:  PERSONAL FINANCE
Full Title:  Personal Finance
Last Reviewed:11/28/2022

Units		Course Hours per Week			Nbr of Weeks	Course Hours Total
Maximum	0	Lecture Scheduled	0		8 max.	Lecture Scheduled	0
Minimum	0	Lab Scheduled	3.00		4 min.	Lab Scheduled	24.00
		Contact DHR	0			Contact DHR	0
		Contact Total	3.00			Contact Total	24.00
		Non-contact DHR	0			Non-contact DHR Total	0

Total Out of Class Hours:  0.00

Total Student Learning Hours: 24.00

Title 5 Category:  Non-Credit
Grading:  Non-Credit Course
Repeatability:  27 - Exempt From Repeat Provisions
Also Listed As: 
Formerly: 

Catalog Description:

Overview of personal financial management skills, positive banking relations, and achieving financial security. Topics include: personal budgeting; saving; credit; appropriate use of credit cards; banking services; consumer installment loans; and buying real estate.

Prerequisites/Corequisites:

Recommended Preparation:

Limits on Enrollment:

Schedule of Classes Information
Description:

Overview of personal financial management skills, positive banking relations, and achieving financial security. Topics include: personal budgeting; saving; credit; appropriate use of credit cards; banking services; consumer installment loans; and buying real estate.

(Non-Credit Course)
Prerequisites:
Recommended:
Limits on Enrollment:
Transfer Credit:
Repeatability:27 - Exempt From Repeat Provisions

ARTICULATION, MAJOR, and CERTIFICATION INFORMATION

Associate Degree:		Effective:		Inactive:
Area:
CSU GE:	Transfer Area			Effective:	Inactive:
IGETC:	Transfer Area			Effective:	Inactive:
CSU Transfer:		Effective:		Inactive:
UC Transfer:		Effective:		Inactive:
C-ID:

Certificate/Major Applicable: Certificate Applicable Course

COURSE CONTENT

Student Learning Outcomes:
At the conclusion of this course, the student should be able to:

1.  Describe available banking services and the importance of using a checking account

    responsibly.

2.  Create a personal spending and savings plan.

3.  Explain how credit works and how to use credit responsibly.

4.  Describe the basic characteristics of consumer installment loans and real estate loans.

 

Objectives:

Upon completion of the course, students will be able to:

1. Describe and explain available banking services and how to build a positive relationship with

    a financial institution

2. Outline how to use a checking account and debit card responsibly

3. Track daily spending habits and prepare a personal spending plan

4. Identify ways to decrease spending and increase income

5. Explain ways to save money and saving options

6. Outline ways to protect individual consumer rights

7. Discuss how credit works, the types of credit that are available, and whether or not an

    individual is ready to apply for credit

8. Explain how to use credit cards responsibly and what to do when a credit card is lost or stolen

9. Read and analyze a credit report, and explain how to build and repair credit history

10. List the characteristics of consumer installment loans

11. Outline the home-buying process

Topics and Scope

I. Banking Services

    A. Major types of insured financial institutions

    B. Steps involved in opening a bank account

    C. Types of depository accounts

    D. Benefits of using a checking account and identifying the steps in opening an account

    E. Managing a checking account wisely

II. Personal Budgeting

    A. Tracking daily spending habits

    B. Preparing a personal spending plan to estimate monthly income and expenses

    C. Identifying ways to decrease spending and increase income

    D. Identifying budgeting tools that help to manage bills

    E. Listing and prioritizing financial goals

III. Saving and Protecting Your Rights as a Consumer

    A. Importance of saving

    B. Determining goals towards which you want to save

    C. Identifying saving options

    D. Federal deposit insurance

    E. Identity theft

IV. Borrowing Basics

    A. Types of loans

    B. Costs associated with getting a loan

    C. Factors lenders use to make loan decisions

    D. Ways to guard against predatory lending practices

    E. The purpose of credit cards and determining which credit card is best suited to you

    F. How to use a credit card responsibly

V. Credit

    A. Definition of credit and why it is important

    B. Credit report and how it is used

    C. How to get a copy of your credit report, read it and analyze it to determine if you are ready

         to apply for credit

    D. Differentiating between good and bad credit

    E.  Identifying ways to build and repair your credit history

VI. Consumer Installment Loans

    A. Types of installment loans

    B. Federal laws that protect consumers when applying for a loan

    C. Buying a car

    D. Rent-to-own, payday loans, and refund anticipation services

    E. Predatory lending practices

VII. Securing Housing

    A. Advantages and disadvantages of renting versus owning a home

    B. Determining the rental and housing market

    C. Steps required to rent or purchase

Assignments:

Group exercises, handouts, short writing exercises, and oral presentations will be used in the following topics:

1. Banking services

2. Checks and balances for checking accounts

3. Daily spending diary

4. Tracking monthly expenses

5. Identifying spending leaks

6. Establishing a realistic savings goal

7. Savings mountain climber

8. Finding the best loan

9. Shopping for a credit card

10. Understanding your credit score

11. Reading a credit report

12. Buying a car

13. Rental calculator

Methods of Evaluation/Basis of Grade.

Writing: Assessment tools that demonstrate writing skill and/or require students to select, organize and explain ideas in writing.		Writing 0 - 0%
None
Problem solving: Assessment tools, other than exams, that demonstrate competence in computational or non-computational problem solving skills.		Problem Solving 60 - 70%
In-class activities as outlined in the Assignments List
Skill Demonstrations: All skill-based and physical demonstrations used for assessment purposes including skill performance exams.		Skill Demonstrations 0 - 0%
None
Exams: All forms of formal testing, other than skill performance exams.		Exams 0 - 0%
None
Other: Includes any assessment tools that do not logically fit into the above categories.		Other Category 30 - 40%
Attendance and participation

Representative Textbooks and Materials:

Instructor prepared materials

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