Family Finance

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.).