Personal Finance

General Course Information

Course Lecturer Name(s):  Zanifa Payne

Course Director Name: N/A

Course Lecturer(s) Contact Information: Phone:(473) 444-4175 (ext:3724) Email:

Course Director Contact Information: N/A

Course Lecturer(s) Office Hours:  Mondays & Wednesdays 10am-12pm and 1pm to 4pm or by appointment via email. 

Course Director Office Hours: N/A

Course Lecturer(s) Office Location: Caribbean House (next to CAE)

Course Director Office Location: N/A

Course Support:   Tracy Fortune (ext. 3373) & Mahalia Charles (ext. 3863)

Course Management tool: To learn to use Sakai, the Course management tool, access the link

Course Curriculum Information

Course Description: 

Broad coverage of personal and business financial decisions, including basic financial planning, time value of money, managing savings and other liquid accounts, buying a house, use of credit, insurance, managing investments and saving for retirement.  

Course Objectives: 

The course will provide students with a wealth of analytical tools, active learning features, and decision-making exercises, all designed to help students build a solid financial foundation. The course aims to equip students with the skills to plan their future and make smart financial decisions throughout their lives.

Student Learning Outcomes:

  1. Outline of financial goals and creation of personal and business financial statements,        including a balance sheet, cash flow statement, and budget. 
  2. Demonstration of the concept of time value of money and use of MS Excel to compute      present value, future value and periodic payments. 
  3.  Creation of a spending plan to meet financial goals.
  1. Explanation of the various types of checking and savings vehicles and evaluation of which      account is appropriate for meeting selected financial needs.
  2. Discussion on the importance of retirement planning and outline of the distinguishing factors between the major retirement savings vehicles.
  3. Identification of wise debt management practices and comparison of debt alternatives.  
  4. Explanation of the importance of insurance and the various types of insurance plans and the      investment posibilities with real estate.

Program Learning Outcomes:

General Education:

  1. Develop quantitative literacy skills and confidence using data and evidence
  2. Apply ethical standards as professionals, members of the community, and as responsible leaders
  3. Apply a variety of media, methods, and technology towards thinking divergently, building awareness, and striving for problem solving innovation.  


  1. Students will be able to utilize the relevant ICT tools to analyze problems and propose solutions that aid in management decision-making (ISLO-2).  
  2. Students will be able to demonstrate effective written and oral communication skills (ISLO-3).  

SAS Grading Scale: Grades will be assigned as follows:

A  = 89.5% or better

B+ = 84.5 - 89.4%

B  = 79.5 - 84.4%

C+ = 74.5 - 79.4%

C = 69.5 - 74.4%

D = 64.5 - 69.4%

F = 65% or less 

Course Materials:

Text: Personal Finance: Turning Money into Wealth, Arthur J. Keown (6th edition) (On ProQuest)

Supplementary Readings/Resources: Software: Microsoft Excel

Course Grading Requirement:

  1. This is a seminar course.  Lectures are limited to that required to identify and explain concepts and terminology. Students must keep up with the reading in the text and be prepared to discuss the material in class. Read critically, evaluating in light of your own experience and knowledge.  Use the calendar included as your guide to keep on track.  Check Sakai often, as valuable information is posted time to time. Suggested problems will be identified from each chapter in the textbook. These should be done prior to all examinations to ensure the information is grasped. They are for your practice and will not be graded. Proof of their completion must be presented to gain access to the solutions during my office hours.
  2. Attendance. Students are allowed two unexcused absences for the semester. All remaining unexcused absences will affect final grade. Please email all excuses. 
  3. Midterm. Closed book, closed notes. The exam will be administered in the room assigned at the allotted time in the exam schedule.  
  4. Assignments. The class assignments must be your own work and submitted on Sakai by the due date. or in class as advised by the instructor.
  5. Final Exam. Closed book, closed notes. The exam will be administered in the room assigned at the allotted time in the exam schedule.  
  6. Participation. 

Course Requirements:

Course Grading Requirements

Percentage of Final Grade










Midterm Week 



See Calendar



Finals Week




Course Schedule

Tentative Course Schedule:  This schedule represents our expected class plan.  However, as the term progresses, we may need to make changes if we spend more or less time than planned on any particular topic. The calendar of activities will be distributed the first week of classes.

Chapter 1 – The Financial Planning Process

Chapter 2 – Measuring Your Financial Health and Making a Plan 

Chapter 3 – Understanding and Appreciating the Time Value of Money 

Chapter 6 – Using Consumer Loans: The Role of Planned Borrowing 

Chapter 5 – Cash or Liquid Asset Management 

Chapter 7 – Using Credit Cards: The Role of Open Credit 

Chapter 8 – The Home and Automobile Decision 

Chapter 9 and 10 – Life and Health, Property and Liability Insurance  

School of Arts and Sciences Master Syllabi — Info for All Sections

Plagiarism Policy

Academic Integrity

The St. George’s University Student Manual (2019/2020) states as follows:

Plagiarism is regarded as a cardinal offense in academia because it constitutes theft of the work of someone else, which is then purported as the original work of the plagiarist. Plagiarism draws into disrepute the credibility of the Institution, its faculty, and students; therefore, it is not tolerated” (p. 48).

Plagiarism also includes the unintentional copying or false accreditation of work, so double check your assignments BEFORE you hand them in.

Be sure to do good, honest work, credit your sources and reference accordingly and adhere to the University’s Honor Code. Plagiarism and cheating will be dealt with very seriously following the university’s policies on Plagiarism as outlined in the Student Manual.

Your work may be subject to submission to plagiarism detection software, submission to this system means that your work automatically becomes part of that database and can be compared with the work of your classmates.

Attendance Requirement

The St. George’s University Student Manual (2019/2020) states as follows:

Students are expected to attend all classes and or clinical rotations for which they have registered. Although attendance may not be recorded at every academic activity, attendance may be taken randomly. Students’ absence may adversely affect their academic status as specified in the grading policy. If absence from individual classes, examinations, and activities, or from the University itself is anticipated, or occurs spontaneously due to illness or other extenuating circumstances, proper notification procedures must be followed. A particular course may define additional policies regarding specific attendance or participation” (p. 9).

Examination Attendance

The St. George’s University Student Manual (2019/2020) states as follows:

All matriculated students are expected to attend all assigned academic activities for each course currently registered. Medical excuses will be based on self-reporting by students. Students who feel they are too sick to take an examination or other required activity on a specific day must submit the online SAS medical excuse, which is available on Carenage. Students are only allowed two such excuses a year. Upon consultation with the Director of University Health Service, the third excuse will result in a mandatory medical leave of absence. The policies regarding make-up examinations are at the option of the Course Director” (p.46).

For additional specific examination policies and procedures, refer to the St. George’s University Student Manual (2019/2020), pages 31 through 37.

Student Accessibility and Accommodation Services Policy

The St. George’s University Student Manual (2019/2020) states as follows:

A student with a disability or disabling condition that affects one or more major life activities, who would like to request an accommodation, must submit a completed application form and supporting documentation to the Student Accessibility and Accommodation Services (SAAS) located in the Dean of Students Office. It is highly recommended that students applying for accommodations do so at least one month before classes begin to allow for a more efficient and timely consideration of the request. If a fully completed application is not submitted in a timely fashion, an eligibility determination may not be made, and accommodations, where applicable, may not be granted prior to the commencement of classes and/or examinations” (p. 8).


It is the responsibility of the student to read and understand the policies, laws, rules and procedures that while they could affect your grade for a course, have not been specifically outlined in the course syllabus. These are contained in the St. George’s University Student Manual.