8:00 a.m. – 12:00 noon
December 1, 8, 15 & January 5, & 12
Associate Professor Elizabeth Fletcher
Office Phone: 865-2815 ext. 8112
Home Phone: 833-9486
Business Department Chair (Suite AB107)
"…now He who supplies seed to the sower and bread for food will also supply and increase your store of seed, and will enlarge
the harvest of your righteousness.”
2 Corinthians 9
A review of fundamental mathematics, including practical business and consumer problems in areas such as credit,
banking, interest, taxes, investments, and insurance.
• Identify personal financial goals and develop money management skills to attain those goals.
• Explain fundamentals of personal finance, including taxes, savings, credit and investments.
• Explain purposes and types of insurance, including home, automobile, health, disability, and life.
• Evaluate financial risk and return on investment including, stocks, bonds, and mutual funds.
• Determine planned retirement income and develop a balanced budget based upon that income.
Session I--Upon completion of the first class meeting and independent study assignments, the student will
be competent to:
*Identify social and economic influences on personal financial goals and decisions.
*Develop personal financial goals.
*Assess personal and financial opportunity costs associated with financial decisions.
*Implement a plan for making personal financial and career decisions.
*Identify the main components of wise money management.
*Create a personal balance sheet and cash flow statement.
*Develop and implement a personal budget.
*Connect money management activities with saving for personal financial goals.
*Identify the major taxes paid by people in our society.
*Calculate taxable income and the amount owed for federal income tax.
*Prepare a federal income tax return.
*Select appropriate tax strategies for various life situations.
Session 2--Upon completion of the second class meeting and independent assignments, the student will be
*Identify commonly used financial services.
*Compare the types of financial institutions.
*Assess various types of savings plans.
*Evaluate different types of payment methods.
*Analyze advantages and disadvantages of using consumer credit.
*Assess the types and sources of consumer credit.
*Determine whether you can afford a loan and how to apply for credit.
*Determine the cost of credit by calculating interest using various interest formulas.
*Develop a plan to protect your credit an manage your debts.
*Identify strategies for effective consumer buying.
*Implement a process for making consumer purchases.
*Describe steps to take to resolve consumer problems.
*Evaluate legal alternatives available to consumers.
Session 3—Upon completion of the third class meeting and independent assignments, the student will be
*Assess costs and benefits of renting.
*Implement the home-buying process.
*Determine costs associated with purchasing a home
*Develop a strategy for selling a home.
*Identify types of risks and risk management methods and develop a risk management plan.
*Assess the insurance coverage and policy types available to homeowners and renter.
*Analyze the factors that influence the amount of coverage and cost of home insurance.
*Identify the important types of automobile insurance coverage.
*Evaluate factors that affect the cost of automobile insurance.
*Recognize the importance of health insurance in financial planning.
*Analyze the costs and benefits of various types of health insurance coverage as well as major provisions
in health insurance policy.
*Assess the trade-offs of different health insurance plans.
*Evaluate the differences among health care plans offered by private companies and by the government.
*Explain the importance of disability income insurance in financial planning and identify its sources.
Session 4—Upon completion of the fourth class meeting and independent assignments, the student will be
*Define life insurance and determine your life insurance needs.
*Distinguish between the types of life insurance companies and analyze various life insurance policies
these companies issue.
*Select important provisions in life insurance contracts and create a plan to buy life insurance.
*Recognize how annuities provide financial security.
*Explain why you should establish an investment program.
*Describe how safety, risk, income, growth, and liquidity affect your investment program.
*Identify the factors that can reduce investment risk.
*Recognize why investors purchase bonds and other conservative investments.
*Evaluate bonds when making an investment.
*Identify the most important features of common and preferred stock.
*Explain how you can evaluate stock investments.
*Analyze the numerical measures that cause a stock to increase or decrease in value.
*Describe how stocks are bought and sold.
*Explain the trading techniques used by long-term investors and short-term speculators.
Session 5—Upon completion of the fifth class meeting and independent assignments, the student will be
*Describe the characteristics of mutual fund investments.
*Classify mutual funds by investment objective.
*Evaluate mutual funds.
*Describe how and why mutual funds are bought and sold.
*Analyze your current assets and liabilities for retirement and estimate your retirement living costs.
*Determine your planned retirement income and develop a balanced budget based on your retirement
*Analyze the personal and legal aspects of estate planning.
*Distinguish among various types of wills and trusts.
Kapoor, Dlabay, & Hughes (2006). Focus on Personal Finance, McGraw-Hill
Irwin. (Required purchase)
Ramsey, D., (2003). Financial Peace for the Next Generation. Lampo Group. (Provided by professor)
Grades will be determined according to the following point distribution. Students are
encouraged to record and track their progress each class session. (Assignments in *italics are to
be completed prior to class and brought to the session indicated. These assignments are
located in the FIN 138 AA folder under “Fletcher” in the “Labs on “Student…” portion of
the “Network Drive” of “My Computer”.)
Item Points Possible Points Earned
*Future Value of Investing 10 points _____Session 1
*Ratios for Evaluating Financial Progress 10 points _____Session 1
*IRS Scavenger Hunt 20 points _____Session 1
Personal Goal-setting/Budgeting Activity 20 points ______Session 1
Ramsey DVD Notes “Supersavers” & “Cash Flow Planning” 20 points ______Session 1
Quiz: Chapters 1 & 2 40 points ______Session 1
*Payment/Saving Activity 10 points _____Session 2
*Sources of Consumer Credit 10 points _____Session 2
*Chapter 6 Wise Consumer Behavior 10 points _____Session 2
Ramsey DVD Notes “Relating to Money” & “Dumping Debt” 20 points ______Session 2
Class Activity 10 points ______Session 2
Quiz: Chapters 3 & 4 40 points ______Session 2
*Chapter 7 Financing a Home Purchase 10 points _____Session 3
*Risks & Risk Management Strategies (read) 5 points _____Session 3
*Health Insurance Assignment 25 points _____Session 3
Ramsey DVD Notes “Buyer Beware” & “Buy only Big Bargains” 20 points ______Session 2
Class Activity 10 points ______Session 2
Quiz: Chapters 5, 6, 7, 8, & 9 100 points ______Session 2
*Research Stocks & Mutual Funds 20 points _____Session 4
*Evaluating a Stock 20 points _____Session 4
Ramsey DVD Notes: “Real Estate & Mortgages” 10 points ______Session 4
Class Activity 10 points ______Session 4
Quiz: Chapters 10 & 11 40 points ______Session 4
*Types of IRA Accounts 10 points _____Session 5
Ramsey DVD Notes: “Understanding Life Insurance” 10 points ______Session 5
“Careers & Extra Jobs” 10 points ______Session 5
“Retirement Planning” 10 points ______Session 5
Class Activity 10 points ______Session 5
Final Quiz: Chapters 12, 13, 14 60 points ______Session 5
Grades are based on the following scale:
90-93%=A- 94-96%=A 97-100%= A+ 80-83%=B- 84-86%=B 87-89%=B+
70-73%=C- 74-76%=C 77-79%=C+ 60-63%=D- 64-66%=D 67-69%=D+
Academic honesty and trust are expected since they are core spiritual values inherent in basic
teaching of truth as defined in the Bible. Cheating will result in a grade of “F” for the course.
Thank you for behaving in a professional manner and displaying a Christ-like attitude during all
The assignments in this class are designed to enable you to apply financial concepts to
your personal life and continue your personal professional development. During the five
sessions you will study the financial concepts most vital to personal success. You will apply
theory and create plans for financial spending and investment. Multiple choice and true/false
chapter quizzes, hands-on exercises, and Internet tutorials will assist your learning the skills
necessary for assigned projects and unit exams.
All assignments should be presented in a professional manner formatted according to the
printed guidelines for each task. Points will be deducted for assignments received after the
session for which it is due. Please call or email me with any questions you have while
completing course requirements.