The purpose of this course is to help you plan and prepare for not only a successful career, but a successful life as well. There is more to life than your career. You will be very disappointed in life if you achieve your financial goals at the expense of your personal and spiritual goals. Likewise, you will be disappointed in life if you fail to steward your resources to the extent you are not able to accomplish your personal goals due to the lack of financial resources. In this class we will show how the financial decisions you make impact your abilities to achieve your personal and spiritual goals. President Gordon B. Hinckley wrote: “Without preservation and cultivation of the things spiritual, our material success will be as ashes in our mouths” (Standing for Something, Times Books, New York, p. 112).
If you are married, I strongly encourage you to work with your spouse as you learn the material and develop your personal financial plan (PFP). Encourage your spouse to participate in learning this material, and seek his/her help in the preparation of your personal financial plan. (Your spouse can help do the work and you get the credit!) A recommended reading schedule for spouses and friends is available at the end of this syllabus. Readings are all available on the CD and on the Internet. I also recommend you do the Optional Service Teaching by teaching your spouse areas you think important.
FIN 200; any business major status.
BYU Custom CD (for PC) Quicken 2012 w/ Personal Finance CD
Please purchase the packet from the Bookstore, which includes the e-book. Personal Finance: Another Perspective (Sudweeks, 2008), Teaching Tools, Required Readings, and Quicken 2010 Deluxe Edition.
Note: You will need Internet access to successfully complete this course.
In addition to materials on the CD, you can find the eBook, PowerPoint slides, readings, and teaching tools at the Marriott School Personal Finance Web site. For example, look under Tools and Resources, Teacher Resources, and Previous Semester.
To do well in this class, I recommend:
These are the activities you will complete during this course.
The readings for this course are included on the CD and on the Personal Finance Web site. The readings cover the information you need to successfully complete the course. Online courses are challenging, but can be very helpful. I have found that students generally get out of this class what they put into it. Do not short change yourself by skipping the reading.
I recommend that you complete the Quiz/Case Studies concerning the assigned chapters and readings. Case Studies give you the opportunity to apply the tools you have learned to real personal finance situations. This process will refine your capacity to identify problems, develop recommendations, and defend conclusions. Be prepared to address the goals, calculations, and the conclusions from the case analysis, as well as answer any explicit questions required in the case. I will give you the case studies with the answers to help with this process.
You will create and develop your own personal financial plan—your financial roadmap for life—during the course. At the end of the course, you will turn in your PFP for grading. You can think of this Plan as a summary of the major sections of the course, or as your own personal road map to financial and personal success. This is a critical part of this course, and failure to hand in this plan will result in a grade no higher than a C.
Key to your personal financial plan is your own personal and financial goals. Please note that I will not be grading your goals; rather, I will be grading the effort you have put into developing and articulating those goals. Since effort is subjective, you have the option to grade your goals before you hand them in, with the final grade being a weighted average of 30% your grade and 70% mine.
The format for the Plan should include your current situation, i.e., where you are now, and your action plan, where you should be and how you intend to get there for each section. For example, if the topic is life insurance, you would discuss in detail what life insurance you currently have, what company, limits, riders, etc. Your action plan would include what insurance you should have (if it is different from your current policy), and what you plan to do to get adequate life insurance coverage. The key is what you need to do, and that is covered in your action plan. Please note that there is a separate Table of Contents for international students.
The plan should be in an electronic format (.PDF or .RTF), well organized, include applicable spreadsheets, and be helpful to you after you finish this course. A template for the format of each section and examples of completed financial plans is on your class CD and the Marriott School personal finance Web site, under the Learning Tools section (TT01 andTT02) http://personalfinance.byu.edu/content/learning-tools. There is no specified length for the financial plan. I strongly encourage you to work on your financial plan with your spouse, parent, or trusted friend. In addition, I strongly encourage you to start working on it now and not put it off until the end of the course.
Important! You will be required to submit the assignment electronically rather than in the 3-ring binder suggested in the Marriott School personal finance plan.
Since my goal is for you to become better teachers, as part of this class you will find an opportunity where you can share a part of the things learned in this class with others. You will develop an outline of what you are to teach, prepare a PowerPoint or other presentation software presentation, and then write up and hand in the results of that presentation, documenting what you taught, who you taught it to, the results of that teaching experience, and any learning outcome that the individuals made from your presentation. This should entail at minimum three hours of service teaching (in three separate 50–60 minute periods). You will turn this material in with your Personal Financial Plan.
You will submit your completed assignments to Independent Study electronically through BrainHoney. To make sure that I can open and read your paper, please save them in the following file formats:
Here is how to save your document as an .RTF (rich text format) file:
Here is how to save your document as an Adobe Acrobat (.PDF format) file:
Note: You may also “print” your document to Adobe Acrobat. Do the steps you normally would to print a document, but instead of using your printer, select “Adobe PDF.” You will then have the option to specify what to name it and where to save it. Sometimes this method works better than “saving as” a .PDF file.
It’s very important that you submit all of the assignments for a portfolio at the same time. Here’s how to submit your completed portfolio assignments:
Remember: Do not submit any assignment until you have completed all of the assignments for the portfolio!
There will be one final assessment exam in this course. The questions will come from the text, case studies, and course material. The format of the exam will be workout problems, mini-cases, and perhaps a few multiple-choice questions. Workout problems will be direct and self-explanatory, similar to problems discussed in class and from the homework. The exam will be closed to all class materials (i.e., book, Teaching Tools, and PowerPoints). I do allow one 8.5” x 11” page of notes, printed one side, which you will hand in with the exam.
You will create and develop your own personal financial plan—your financial roadmap for life—during the course. You can think of this Plan as a summary of the major sections of the course, or as your own personal road map to financial and personal success. At the end of the course, but before you take the final exam, you will turn in your PFP and Service Teaching Report for grading.
Grading will be based on these criteria:
|Personal Financial Plan + Service Teaching Report:||50%|
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BYU offers confidential resources for those affected by Sexual Misconduct, including the university’s Victim Advocate, as well as a number of non-confidential resources and services that may be helpful. Additional information about Title IX, the university’s Sexual Misconduct Policy, reporting requirements, and resources can be found at http://titleix.byu.edu or by contacting the university’s Title IX Coordinator.
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1 written assignment, may be resubmitted once for a fee
1 proctored computer-graded exam, may retake once for a fee, must pass the final in order to pass the course
Please use the help menu in this course to contact Independent Study or your instructor. You can find a list of free tutors available to BYU Independent Study students on the Free Tutoring Services website.
Note: The Harold B. Lee Library website provides a number of online resources and librarians are available via phone, chat, and email to answer questions about library-related issues.
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Published by the
Department of Independent Study
Division of Continuing Education
Brigham Young University
Provo, Utah 84602-1514