OLS 120 Personal Finance I • 2 Cr.
First in a three quarter series covering personal finance. Students participate in hands-on activities, examine personal relationship to money, banking terms, value, checking and savings accounts, reconciliation, needs and wants, and money scams. Students apply math to personal finance and business problems. Structured to accommodate special needs learners. Prerequisite: Acceptance to the program.
After completing this class, students should be able to:•Use basic math and calculator skills to solve personal finance problems •Define and appropriately apply banking terms and basic concepts in the context of personal money management activities •Identify household bills and basic money management skills required to live independently •Discuss the difference between a savings and a checking account and the benefits of both •Compile a self-reflective spending journal to identify spending habits •Demonstrate basic understanding of counting money and making change •Compute sales tax, tip and discount amount off for products on sale •Demonstrate basic understanding of how to read a store sales receipt and restaurant check