Foundational concepts in budgeting, saving, and managing personal debt to support informed financial decision-making.
About this course
FINA 1320 Personal Financial Literacy gives you the tools to manage your money with confidence. You will learn how to create a budget that fits your income, explore different ways to save, and understand how debt works. The course focuses on practical skills you can use right away, whether you are studying, working, or starting your first job.
We cover the basics of interest, credit, and borrowing, so you can make choices that protect your financial future. There are no prerequisites for this course, and it does not count toward a specific program requirement. You can take it as an elective to broaden your understanding of finance.
Who takes this course
This course is open to all students looking for a practical introduction to personal finance. It is a popular elective for students in the Accounting program who want to round out their skills, as well as students in the Business Administration program.
Credits: 3 · Hours: 45
Prerequisites
None
Learning outcomes
- Develop a realistic personal budget and track spending habits
- Compare savings options and calculate compound interest
- Analyse the costs and risks associated with common forms of personal debt
- Identify key components of a basic financial plan for the future
Evaluation
| Component | Weight (%) |
| Budgeting project | 25 |
| Mid-term test | 25 |
| Debt management case study | 25 |
| Final examination | 25 |