Family Life College of Family, Home, and Social Sciences
Introduction to time value of money, budgeting, saving, credit, taxes, housing, insurance, and investing emphasizing practical application in the home.
Also offered by BYU Independent Study; enroll anytime throughout year; one year to complete; additional tuition required; register at is.byu.edu.
Content and Learning
Students who successfully complete this course will be able to: - understand and internalize doctrinally-base principles of wise financial stewardship. - develop, track, and modify a budget for their current situation and develop appropriate budgets for future life stages. - use quantitative tools (e.g., time value of money) to evaluate real-life financial options and make optimal decisions related to debt, insurance, taxes, auto and home purchases, and investments. - articulate financial goals and develop specific plans to achieve them. - avoid common financial pitfalls (e.g., excessive debt, get-rich-quick schemes, inadequate insurance, etc.). - interact and negotiate intelligently with financial professionals (e.g., bankers, insurance agents, realtors, financial planners, etc.). - communicate effectively about finances with family members (e.g., joint financial planning with spouse, teaching children to be financially responsible, etc.).