CoLab: Personal Finance

Level: Undergraduate

The primary objective of the course will be to help students develop their own unique financial philosophy and learn some basic principles of personal finance that will help them navigate through the various choices that their future selves may face. - Some of the concepts covered will include: - Value and worth, - Cash management/ expense tracking, - Budgeting, - Investing (short-term goals, medium-term and long-term) - Debt management (credit cards, student loans, car purchase/lease, mortgage), - Credit (credit scores - how to get one and what it is used for), - Taxes (income, property and future tax considerations); etc. Some of the financial principles and terms that students will learn include the time value of money, dollar-cost averaging, net worth, the Rule of 72, diversification, interest (simple, compound), debt-to-income ratio, etc.