OLS 120 Personal Finance I • 2 Cr.


First course in the personal finance series. Students participate in developing a foundation of money management, the use of finance tools, and skills necessary for independent financial success. Prerequisite: OLS 110, 111, 140, 141 and acceptance into the program. Course is graded Credit/No Credit.


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