ECON X499.21 - Basic Personal Financial Literacy and Planning

In this overview course we will explore foundational definitions, principles and rules of thumb from the five pillars of financial literacy: earning, spending, saving & investing, borrowing, and protecting.  We will fold in some financial planning concepts such as: goal setting in budgeting, investing, retirement, estate planning, income taxes and insurance. 

Learner Outcomes

• Looking at a lifecycle approach to the sequence of typical financial milestones that bring increasing complexity to your financial life post-graduation, we will identify goals that emerge and how to evaluate and plan for them

• Understand the many issues in building and maintaining financial stability including savings, credit worthiness, health, taxes, insurance, homeownership & mortgages, and retirement and estate planning

• Review case studies as a class, and present cases in pairs