ADM 3445

ADM 3445 Personal Financial Planning

Three (3) credit hours

The objective of this course is to introduce students to the fundamental principles of financial decision-making; and how these principles are applied to personal financial planning. Students will learn the concepts and methods necessary in developing a successful personal financial plan. Students will also learn financial planning as it is done in professional practice. Topics to be covered include the fundamental principles of finance, financial goal setting, budgeting, tax planning, cash management, personal credit, investment, insurance, retirement and estate planning. There is equal emphasis on the analytical principles underlying Personal Financial Planning as on the application of those principles. Thus an important component of this course is learning how to prepare a comprehensive financial plan.

At the end of the course it is expected that students will acquire the necessary concepts and skills to be able to optimize their lifetime income and expenditure flows so as to live stress-free financial lives and to be able to give sound personal financial planning advice based on well founded principles.

•   Specifically, you should be able to:
  • clearly assess personal financial situations, prepare relevant financial statements including a budget and set meaningful financial goals;
  • know how to manage credit, use the financial system to tap into credit sources for housing and other major expenditures,
  • how to avoid credit traps and learn strategies for paying off debts as fast as possible;
  • understand insurance needs and manage personal risks with the appropriate choice of insurance and other mechanisms;
  • understand how financial markets and financial securities work and be able to make the right selection of stocks, bonds, or mutual funds;
  • design proper retirement and estate plans so as to have the desirable post-retirement lifestyle.

(Detailed course outline available from the instructor for preview: otuteye@unb.ca).

Dr. Eben Otuteye, Faculty of Administration, UNB, Fredericton
Phone: 506-453-4869
Email: otuteye@unb.ca

The course material includes notes (summary of each topic), PowerPoint slides, end-of-topic quizzes, multiple choice and True/False type open-book midterm, a book review, and a final exam. There are several links to financial services and financial planning web sites.

The course is divided into five topics covering about two chapters per topic. The student is required to read the relevant part of the textbook as shown in the online notes. The notes are an indication of what is important from the chapter but not a substitute for reading the book. When you are done reading the relevant portion of the text for that topic and doing the exercises, you can try the online self test for the topic. Once you are confident that you understand the material (using the self test performance as indicator), you may go ahead to do the end-of-topic test which will be graded. If you have any questions during the process, feel free to contact the instructor who can be reached by email.

Personal Finance, Fourth Canadian Edition, Kapoor, Dlabay, Hughes, and Ahmad, McGraw-Hill Ryerson Ltd., 2010. (www.mcgrawhill.ca/olc/kapoor)

The final grade will be based on end-of-topic quizzes, a midterm exam, assignments, a book review, and a final exam.

Six months

Click here to find more information on fees for this course.

Fees are subject to change by the Board of Governors.

Once you complete the Apply Now form below, please send payment. Methods of payment accepted:
Cash (Do not send in the mail. Please deliver to the College of Extended Learning, 2nd Level, Wu Centre, UNB Fredericton Campus)
Cheque or money order (Mail to UNB College of Extended Learning, PO Box 4400, Fredericton, New Brunswick, E3B 5A3)
MasterCard / VISA / American Express (Please call the College of Extended Learning at 1-866-599-4646  or 506 453-4646 with your credit card number, expiry date, and the name as it appears on the card. Please do not send credit card information via email).

Apply Now!