OLS 121 - Personal Finance II

2 CR

Second course in the personal finance series. Students participate in compiling a spending journal, reflecting on wants and needs that develop into a personal budget. Covers basic financial concepts, safe practices when buying an item online, use of a credit or debit card, and using a savings account.

Prerequisite(s): OLS 120, OLS 141 and Acceptance into the program.

Course Outcomes
Compile a self-reflective spending journal Discuss safe practices when buying online and how to avoid common problems Discuss the difference between wants versus needs as related to a personal budget Write a check accurately and identify errors in incorrectly written checks Identify the elements of a basic budget Demonstrate how to reconcile checking accounts online Compare and contrast debit, ATM and credit cards Discuss retirement savings strategies Describe the difference between interest earned from a savings account and interest paid on credit card balances

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