BAF 101 - Personal Finance

Class: 3 Credits: 3
This course includes the practical applications of concepts and techniques used in managing personal finances. Major areas of study include financial planning, budgeting, credit use, housing, insurance, investments, and retirement planning.

Prerequisite(s): Take MAT 032 or MAT 100, ENG 032, RDG 032 with a minimum grade of “C”.

Course Topics:

Personal Financial statements
Time Value of money
Personal taxes
Managing Cash and savings
Automobile and housing decisions
Consumer credit
Insurance needs
Investment objectives
Retirement and estate planning

Textbooks:
Textbook information can be found on the Book Inn Web site

Required Materials:

Online component access code (see instructor for details)

Grading System:
An overall grade of C or higher is required for transferability.

A 90-100
B 80-89
C 70-79
D 60-69
F 0-59

Student Learning Outcomes:

Define personal financial goals.
Prepare personal financial statements.
Solve the time value of money concepts.
Prepare personal taxes.
Develop a savings strategy.
Develop a plan for a home buying and purchase or lease alternatives for selection of a vehicle.
Calculate insurance needs.
Describe retirement needs and estate planning.

For SCC Online Courses:
If the course you are taking is online, please review the SCC Online Course Policies that include:

Identity Verification
Required materials for all online courses
Mandatory Attendance Requirement
Orientation and Support
Proctored Exams

Standard SCC Course Policies:
Please review the Standard Course Policies on the following topics:

Academic Integrity
Add/Drop period
Attendance
Classroom Conduct
Equal Access
IT Access
Online Behavior
Online Confidentiality
Services For Students with Disabilities
Student Concerns
Student Help Services
Withdrawals

Official Course Syllabus
2022-2023