Maricopa Community Colleges  GBS132   19956-99999 
Official Course Description: MCCCD Approval: 05/23/95
GBS132 19956-99999 LEC 3 Credit(s) 3 Period(s)
Personal and Family Financial Security
Principles and practices of personal and family financial planning, includes savings, budgeting, credit, buying versus renting and general principles of consumerism. Prerequisites: None.
Cross-References: HEC132
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MCCCD Official Course Competencies:
 
GBS132   19956-99999 Personal and Family Financial Security
1. Explain the strategies of career growth and advancement. (I)
2. Create a personal balance sheet, cash flow statement, and personal budget. (I)
3. Identify and explain tax strategies for different financial and personal situations. (I)
4. Contrast the costs and benefits of services offered by different types of financial institutions. (II)
5. Measure one's credit capacity and build one's credit rating. (II)
6. Analyze major sources of consumer credit, and calculate the cost of credit using interest formulas. (II)
7. Evaluate alternatives in consumer purchasing decisions, and explain the legal remedies available to consumers. (III)
8. Contrast the costs and benefits of renting or purchasing housing. (III)
9. Analyze factors that influence transportation decisions, including the costs of purchasing and maintaining a car. (III)
10. Define risk management and evaluate methods of managing risk. (IV)
11. Explain the insurance coverage and types of policies available for housing and automobiles. (IV)
12. Define various types of health and disability income insurance and explain their importance in financial planning. (IV)
13. Assess one's life insurance needs and identify important provisions in life insurance contracts. (IV)
14. Identify the major types of investment alternatives available to investors. (V)
15. Explain how the factors of safety, risk, income, growth, and liquidity affect investment options. (V)
16. Describe traditional trading techniques used by short-term and long-term investors in common and preferred stock. (V)
17. Evaluate corporate and municipal bonds as investments. (V)
18. Evaluate mutual funds as investments. (V)
19. Identify and evaluate different types of real estate investments. (V)
20. Estimate one's retirement spending needs. (VI)
21. Estimate one's planned retirement income. (VI)
22. Contrast various types and formats of wills. (VI)
23. Assess various types of trusts and estates. (VI)
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MCCCD Official Course Outline:
 
GBS132   19956-99999 Personal and Family Financial Security
    I. Planning Personal Finances
        A. Career strategies
        B. Personal financial statement and budget
        C. Personal tax considerations
      II. Managing Personal Finances
          A. Financial institutions and banking services
          B. Consumer credit
          C. Cost of credit alternatives
        III. Making Personal Financial Decisions
            A. Consumer purchases and legal protection
            B. Housing options and costs
            C. Transportation options and costs
          IV. Insuring Resources
              A. Personal risk and insurance
              B. Home and auto insurance
              C. Health and disability insurance
              D. Life insurance
            V. Investing Financial Resources
                A. Fundamentals of investing
                B. Investing in stocks
                C. Investing in bonds
                D. Investing in mutual funds
                E. Investing in other alternatives
              VI. Planning Future Finances
                  A. Retirement planning
                  B. Estate planning
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