BMGT 1005 - Personal Financial Planning

Credits: 3
Hours/Week: Lecture 3 Lab None
Course Description: This course covers the challenges that individuals face in the financial planning process and potential solutions to those issues. Topics include budgeting income, individual taxation, consumer loans, student loans, bank accounts, investment products, disability plans, retirement plans, and estate planning.
MnTC Goals
None

Prerequisite(s): None
Corequisite(s): None
Recommendation: None

Major Content

Overview of financial planning
Income budgeting and techniques
Tax advantaged expenditures and investments
Bank services and products
Stocks, Bonds, Annuities, and Mutual Funds
Disability income planning
Life Insurance planning
Retirement planning
Estate planning

Learning Outcomes
At the end of the course the student will be able to:

explain the need for financial planning.
plan a budget.
evaluate the advantages and disadvantages of consumer and student loans.
identify the benefits and limitations of bank accounts.
identify various investment objectives and products.
explain the need for disability planning and potential solutions.
identify life insurance needs and products.
determine retirement planning needs and products.
identify estate planning issues and documents.

Competency 1 (1-6)
None
Competency 2 (7-10)
None

Courses and Registration

Search form

MegaMenu_Academics_2_V2.jpg

MegaMenu_Admissions_V2.jpg

MegaMenu_Financial-Aid_V2.jpg

Menu_CECT-2.jpg

MegaMenu_Campus-Life_V2.jpg

MegaMenu_Support-Services_V2.jpg

BMGT 1005 - Personal Financial Planning