missing image


Quick Links

Course Materials

Learning Outcomes

The basic purpose of SFL 260: Family Finance is to provide a hands-on experience for you to learn the principles and practices that will enable you to successfully fulfill your family financial stewardship. To do so, you will learn to:

  1. Identify areas of financial risk in your personal lives.
  2. Differentiate between a good financial decision and a poor financial decision.
  3. Use financial calculators or financial equations for time value of money to classify various financial products to determine the most appropriate product for their family given their current financial situation.
  4. Generate a family budget and evaluate home and automobile purchasing and financing options.
  5. Analyze and plan for present and future needs by understanding investing options available.

It should be noted that this is a family finance class, and not just a personal finance class. The objective is not necessarily to maximize the accumulation of wealth in this life. The purpose is to successfully manage your family financial stewardship so as to (1) maximize family joy and happiness in this life and in the life to come and (2) use material resources to further the work of the Lord.

Course Materials

You will need to purchase these items to successfully complete the course.

(Back to top)

Expectations of Students

This may be the most practical class you will ever take at BYU. You will use what you learn throughout your life. As such, I expect students to be invested in this class. I expect you to be prepared by having read the assigned readings and having done the assignments. I also expect you to seek help when you need it.



Each section ends with an online quiz that checks your understanding of the material. These questions are similar to the questions on the tests and final exam. The questions are split roughly into half conceptual and half math-based problems. The quizzes are open book and notes, but you will get the best out of them if you study the reading and practice the math problems well beforehand.

Written Assignments

For each of these assignments, you will complete and turn in a document for grading. Please refer to the instructions for each assignment in the course for details.

  1. Student Information Sheet
  2. Create a Monthly Budget
  3. Save and Sacrifice, Part 1
  4. Net Worth Statement
  5. Tax Return
  6. It’s Your Choice, Part 1
  7. Financial Overview: Starter Home
  8. Save and Sacrifice, Part 2
  9. Track Expenditures for Two Months and Create a New Monthly Budget
  10. Financial Overview: Dream Home
  11. It’s Your Choice, Part 2
  12. Top Ten List

I’m looking forward to reading your work!

(Back to top)


You will take four exams during the course.

Each exam consists of multiple-choice and matching questions.

(Back to top)


These assignments and exams count toward your course grade:

Assignment/Exam Points
Quizzes 90 (10 points each)
Student Information Sheet 2
Create a Monthly Budget 5
Save and Sacrifice, Part 1 5
Net Worth Statement 5
Tax Return Assignment 10
It’s Your Choice, Part 1 40
Financial Overview: Starter Home 15
Save and Sacrifice, Part 2 5
Track Expenditures for Two Months and Create a New Monthly Budget 10
Financial Overview: Dream Home 20
It’s Your Choice, Part 2 40
Top Ten List 5
Midcourse Exam 1 105
Midcourse Exam 2 130
Midcourse Exam 3 130
Final Exam 144

Grade Scale

Your letter grade will be determined based on these percentages.

A 93–100%
A− 90–92%
B+ 87–89%
B 83–86%
B− 80–82%
C+ 77–79%
C 73–76%
C− 70–72%
D+ 67–69%
D 63–66%
D− 60–62%
E (fail) 0–59%

(Back to top)

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)

(Back to top)

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 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 titleix.byu.edu or by contacting the university’s Title IX Coordinator.

(Back to top)

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.

(Back to top)

Course Policies

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


Quizzes for each section, 12 instructor-graded assignments. Assignments may not be resubmitted. 


Three midcourse exams, one final exam. All exams are proctored and computer-graded. You must pass the final exam to earn credit for the course. You may retake each exam once for a fee. 

Retake an exam for a fee.

Course Duration

You have one year to complete this course. You may purchase one three-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. 

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.

Inappropriate Use of Course Content

All course materials (e.g., outlines, handouts, syllabi, exams, quizzes, media, lecture content, audio and video recordings, etc.) are proprietary. Students are prohibited from posting or selling any such course materials without the express written permission of BYU Independent Study. To do so is a violation of the Brigham Young University Honor Code.

Copyright © 2016 Brigham Young University. All rights reserved.

Published by the
Department of Independent Study
Division of Continuing Education
Brigham Young University
120 MORC
Provo, Utah 84602-1514