Family Finance
Family Finance
Introduction to time value of money, budgeting, saving, credit, taxes, housing, insurance, and investing emphasizing practical application in the home.
| Hours | 3.0 Credit, 3.0 Lecture, 0.0 Lab |
| Prerequisites | None |
| Note | Also offered by BYU Independent Study; enroll anytime throughout year; one year to complete; additional tuition required; register at is.byu.edu. |
| Taught | Fall, Winter, Spring, Summer |
| Programs | Containing SFL 260 |
Course Outcomes:
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.).