BUS 103 - Personal Savings

1 CR

Part of a series of courses that present core components of personal finance applicable to individuals and financial service workers. Savings, the banking industry and its products and services, savings returns, and evaluating alternative savings vehicles are covered. Students set financial goals, determine the risks and returns of various savings vehicles, and create a personal net worth statement.

Course Outcomes

Discuss how savings goals contribute to financial well-being
Evaluate savings alternatives, including their risks, fees and penalties
Create savings plans
Explain how the time value of money can aid in achieving goals
Create a net worth statement and describe its importance in the financial planning process
Explain why some government and employer programs (e.g., IRAs, 401Ks) are tax-advantageous

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