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Course Materials

What You Should Already Know

There are no prerequisites for this course. However, while this isn’t a math course, we will be doing some basic calculations. You should feel comfortable using a calculator to work through simple formulas. When requested for your written assignments, please make sure you show your math in your calculations so that I can help if you don’t understand something.

Learning Outcomes

By the end of this course, you should be able to do the following:

  1. Identify the key components of sound money management.
  2. Analyze the financial services available and create a workable budget.
  3. Examine your personal finances and create a financial plan for your future.
  4. Evaluate your consumer choices.
  5. Analyze credit and make wise credit choices.
  6. Evaluate and implement various savings, investment, and retirement strategies.
  7. Explore and implement a career plan.
  8. Identify forms of income and examine taxation principles.
  9. Identify risks and limit liability issues with insurance.

Course Materials

You will not need any outside resources for this course; however, you will need access to the Internet. Also, a calculator will be helpful (you can do all the figuring by hand, but a calculator will be a great tool).

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There are nine units in this course and a final comprehensive exam. Also, there are two comprehensive review assignments to help you review and to help me evaluate your understanding of the concepts learned in the units.

At the end of each lesson in a unit, you will have the opportunity to complete a few Self Check questions. These questions are designed to prepare you for your unit quiz and your final exam. The Self Check questions are not submitted for grading. However, if you miss several of these questions, make sure you review the course material before continuing to the next lesson in the unit.

Unit Quizzes

You will complete unit quizzes at the end of each unit. These assignments consist of 20 multiple-choice questions that will test your understanding of the concepts learned in each lesson in the unit. These assignments count toward your final grade.

Review Quizzes

There are two review quizzes. Like the unit assignments, these computer-graded assignments consist of multiple-choice questions that will test your understanding of the concepts learned in the course. The first covers the concepts learned in units 1–5; the second covers the concepts learned in units 6–9. Because these assignments cover concepts from several different units, they are longer than the normal unit assignments.

To prepare for these review quizzes, review all of the Self Check and unit assignment questions from the previous units, and make sure you review the readings from each lesson. These assignments count toward your final grade.

Instructor-Graded Portfolio Assignments

You will submit written assignments to me in four portfolio groups. You will find a checklist that lists all of the assignments needed for the portfolio submission.

Please make sure that you follow the instructions for submitting your portfolio assignments, and check the assignments carefully before you submit them to make sure you have all of the necessary pieces. See the “Portfolio Submission” modules for detailed instructions. Submitting an incomplete assignment may result in a failing grade for that assignment, and then you will be required to pay a resubmission fee in order to resubmit it. I have included a chart for the assignments you will submit in the portfolios and the value of each assignment:

Assignment Point Value
Portfolio Submission 1
Assignment 1: Goal Planning 20
Assignment 2: Creating a Budget 20
Assignment 3: Balancing a Checkbook 20
Portfolio Submission 2
Assignment 4: Choosing Wisely 20
Assignment 5: Analyzing Advertising 20
Portfolio Submission 3
Assignment 6: Credit Worthiness 20
Assignment 7: Calculating Interest 20
Assignment 8: Savings 20
Portfolio Submission 4
Assignment 9: Career Planning 20
Assignment 10: Filing Your Taxes 20
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The final exam consists of 50 questions that cover all of the concepts taught in the course.

To prepare for the final exam, review all of the Self Check, unit, and review quiz questions. Questions on the final exam will cover all of the discussion material in the course.

Even though the final exam is only worth 20 percent of your grade, you must pass the final exam in order to pass the course.

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When you submit an assignment to Independent Study, your assignments will be graded and your final grade will automatically be calculated based on your grade for each assignment and how each assignment is weighted in the course. The following chart shows how much each assignment is worth.

Grade Percentage Breakdown
Assignment Type Percentage of Final Grade
Unit 1 Quiz 6%
Unit 2 Quiz 6%
Portfolio Submission 1 6%
Unit 3 Quiz 6%
Unit 4 Quiz 6%
Portfolio Submission 2 4%
Unit 5 Quiz 6%
Review Quiz 1 3%
Unit 6 Quiz 6%
Portfolio Submission 3 6%
Unit 7 Quiz 6%
Unit 8 Quiz 6%
Portfolio Submission 4 4%
Unit 9 Quiz 6%
Review Quiz 2 3%
Final Exam 20%

Your grade will come from the combined percentage of your assignments and final exam according to this scale:

Grading Scale
A 100–93%
A− 92–90%
B+ 89–87%
B 86–83%
B− 82–80%
C+ 79–77%
C 76–73%
C− 72–70%
D+ 69–67%
D 66–63%
D− 62–60%
E (fail) 59% and below
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Copyright Notice

The materials used in connection with this online course are only for the use of students enrolled in this course for purposes associated with this course and may not be retained or further disseminated. Any copying or further dissemination of these materials may be subject to applicable U.S. Copyright Laws. For questions or more information, please visit the BYU Copyright Licensing Office website.

“Members of the BYU community who willfully disregard this Copyright Policy or the BYU Copyright Guidelines place themselves individually at risk of legal action and may incur personal liability for their conduct. The unauthorized use or distribution of copyrighted material, including unauthorized peer-to-peer file sharing, may subject individuals to civil and criminal liabilities, including actual and statutory damages, costs and fees of litigation, fines, and imprisonment

Violations of the Copyright Policy may result in university disciplinary action including termination of university enrollment or employment.” (Emphasis added. Excerpt taken from the BYU Copyright Policy)

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Accessibility Notice

BYU is committed to providing a working and learning atmosphere which reasonably accommodates persons with disabilities who are otherwise qualified to participate in BYU's programs and activities. In this spirit, BYU Independent Study aspires to improve web accessibility for users. While not required by law, the Web Content Accessibility Guidelines (WCAG) 2.0 Levels A and AA provide a wide range of helpful recommendations to make Web content more accessible. BYU Independent Study strives to apply WCAG 2.0 recommendations where feasible, but may deviate from any recommendations that would result in an undue hardship to BYU Independent Study or alterations to program and course content and objectives. If you have questions about accessibility, or if you need to report problems with any accessibility features please see our Accessibilities and Accommodations Web Page.

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Course Policies

These policies are specific to this course. For additional information about general policies, please refer to Independent Study Course Policies page.


Summary: 11 computer-graded assignments; 4 instructor-graded submissions; may be resubmitted once for a fee

Final Exam

Summary: 1 proctored computer-graded exam, may retake once for a fee, must pass with at least a sixty percent to earn credit for the course

Course Duration

You have 1 year to complete this course. You may purchase one 3-month extension if you need more than a year to complete the course. 

Getting Help

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.

University Policy - Title IX Statement

Preventing & Responding to Sexual Misconduct

In accordance with Title IX of the Education Amendments of 1972, Brigham Young University prohibits unlawful sex discrimination against any participant in its education programs or activities. The university also prohibits sexual harassment—including sexual violence—committed by or against students, university employees, and visitors to campus. As outlined in university policy, sexual harassment, dating violence, domestic violence, sexual assault, and stalking are considered forms of "Sexual Misconduct" prohibited by the university.

University policy requires all university employees in a teaching, managerial, or supervisory role to report all incidents of Sexual Misconduct that come to their attention in any way, including but not limited to face-to-face conversations, a written class assignment or paper, class discussion, email, text, or social media post. Incidents of Sexual Misconduct should be reported to the Title IX Coordinator at t9coordinator@byu.edu or (801) 422-8692. Reports may also be submitted through EthicsPoint at https://titleix.byu.edu/report or 1-888-238-1062 (24-hours a day).

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.