OLS 121 - Personal Finance II

2 CR

Second course in the Personal Finance series. This course builds on foundational financial literacy skills, preparing students for independent living by applying real-world financial concepts. Students will create a personal budget based on anticipated net wages from an entry-level job, factoring in common payroll deductions such as income taxes, FICA, and insurance premiums. They will explore the process of renting an apartment, including applications, credit and reference checks, fees, and deposits. The course also examines the impact of unforeseen expenses on a personal budget and develops problem-solving strategies for financial challenges. Students will gain the skills necessary to make informed financial decisions and navigate the transition to financial independence. Course is graded Credit/No Credit.

Prerequisite(s): OLS 120

Course Outcomes

Create a personal budget for independent living based on anticipated net wages from an entry-level job.
Identify common payroll deductions, including income taxes, FICA, and insurance premiums.
Describe the steps involved in renting an apartment, including application, credit and reference checks, fees, and deposits.
Describe the impact of unforeseen expenses on a personal budget.
Generate solutions to address unforeseen circumstances on a personal budget, including unemployment, non-profits, rent assistance, and food banks.

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