This course will provide students with the basic knowledge of financial literacy, including the basics of budgeting and saving, banking, credit reporting, credit cards, debt management, insurance (auto, home, life), and retirement planning. BUS 101 will be waived for students who have taken BUS 112. One lecture hour per week. 1 credit Fall, Spring, Summer
Students who successfully complete this course should be able to: 1. Define and discuss basic terms used in contemporary personal financial planning. 2. Explain the functional role basic personal financial planning and its impact on an individual success and individual compliance with tax laws and regulations. 3. Define ethics as it relates specifically to basic personal financial planning as well as to business and to society generally. 4. Demonstrate ability to prepare a basic individual personal financial plan. 5. Explain the importance starting retirement planning and saving at an early age. 6. Perform basic individual financial activities such as balancing a checking account monthly and appropriate use of credit.