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SFL 260

Family Finance

Family Life College of Family, Home, and Social Sciences

Course Description

Introduction to time value of money, budgeting, saving, credit, taxes, housing, insurance, and investing emphasizing practical application in the home.

When Taught

All Semesters/Terms

Grade Rule

Grade Rule 8: A, B, C, D, E, I (Standard grade rule)










Also offered by BYU Independent Study; enroll anytime throughout year; one year to complete; additional tuition required; register at


Content and Learning

Learning Outcome

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.).