Module Competencies & Objectives

After you have completed this module, you will be able to:

1. Discuss how debt can increase or decrease personal wealth and how good debt can strengthen financial security.
2. Differentiate between short-term and long-term debt and identify proper uses of both.
3. Explain the dangers of poor financial habits.
4. Identify strategies for effective debt management.
5. Describe the types of financial institutions available.
6. Examine how financial institutions affect personal financial planning.
7. Evaluate services and related costs associated with financial institutions in terms of personal banking needs.
8. Compare services of brick and mortar banks and Internet banks.
9. Reconcile bank statements.
10. Differentiate among types of electronic monetary transcations.