HFED 340: Money Management

Sec. 04 – MWF 10:15 – 11:15 Clarke 214

Sec. 03 - MWF 11:30-12:30 Clarke 214
Sec. 02 – MWF 2:00 – 3:00 Clarke 229
Tracie Simon, Instructor
Credit Hours: 3
Office and Phone: Clark Bldg., Second Floor, Room 223H
Telephone/Voice Mail: (208) 496-4037
E-mail: simont@byui.edu
Office Hours: MWF 12:30 – 1:30 or by appointment
Course
Overview D&C 82: 17 – “And you are to be equal, or in other words, you are to have equal claims on the
properties, for the benefit of managing the concerns of your stewardships, every man according to
his wants and his needs, inasmuch as his wants are just –“
Course
Objectives: Students should be able to
 Make good, well informed personal finance decisions;
 Implement the Dave Ramsey Foundations of Personal Finance into their lives and the lives of
their families.

Course Goals: In the Book of Mormon, Nephi was desirous also that [he] might see, and hear, and know of [the
things of his father], by the power of the Holy Ghost, which is the gift of God unto all those who
diligently seek Him…(1 Nephi 10:17). This course has been prepared for students with the desire
to see, hear and know the “the things of our Father.” “For (s)he that diligently seeketh shall find;
and the mysteries of God shall be unfolded unto [you], by the power of the Holy Ghost… (1
Nephi 10:19). “And by the power of the Holy Ghost, ye may know the truth of all things”
(Moroni 10:5).
Class
Atmosphere: The atmosphere in this class reflects the mission statement of BYU-Idaho: First, build students
testimonies of the restored gospel of Jesus Christ and live its principles; Second, provide quality
education for students of diverse interests and abilities; Third, prepare students for lifelong
learning, for employment, and roles as citizens/parents; and Fourth, maintain a wholesome
academic, cultural, social and spiritual environment. Please make sure all pod chairs are facing
forward unless engaged in a group activity.

University Outcomes: The purpose of a BYU-Idaho education is to help students become disciple leaders, lifelong
learners, creative and critical thinkers, effective communicators, skilled professionals, engaged
citizens. The intent of each outcome is clarified below:
Students become disciple leaders as they: 1) understand and commit to live the principles of the
restored Gospel of Jesus Christ; 2) demonstrate leadership skills and the ability to cooperate with
others.
Students become lifelong learners as they: 1) locate, evaluate, and appropriately use needed
information; 2) master strategies to continually gain and apply knowledge and skills in new
situations.
Students become creative and critical thinkers as they: 1) apply reflective reasoning, logic and
quantitative analysis to new ideas, opinions, and situations; 2) analyze problems and challenges
from fresh perspectives that offer innovative solutions.
Students become effective communicators as they: 1) present ideas and arguments clearly
through oral, written, and visual form; 2) listen, understand, and effectively engage others in
varied settings.
Students become skilled professionals as they: 1) develop deep learning in a discipline and broad
skills leading to self-reliance; 2) develop professional and ethical values and practices.
Students become engaged citizens as they: 1) fulfill family, religious, and civic responsibilities;
2) develop empathy for their fellowmen and understanding of world religion, culture, history,
literature, sciences, and the arts.
 It is expected that students will observe the Code of Honor: specifically – be honest, live a chaste
and virtuous life, obey the law and all campus policies, use clean language, respect others, abstain
from alcoholic beverages, tobacco, tea, coffee, and substance abuse, participate regularly in
church services, observe dress and grooming standards, and encourage others in their
commitment to comply with the Honor code. This expectation is met as students live a life of
honor, heeding the promptings of the Spirit, raising the bar of personal righteousness, and
fostering a spirit of integrity, sacrifice, consecration, love, service, and willing obedience.

Students are encouraged to strengthen their commitment to the BYU–Idaho Honor Code by
maintaining appropriate behavior, dress, and grooming standards while on campus.
[Note: Children are not allowed to be present in BYU-Idaho classes due to space restrictions, fire
code compliance, and the need to limit distractions. Students have the responsibility to arrange for
childcare away from classrooms and study areas so as to preserve and enhance learning
opportunities for all students.]

Cell phone etiquette: Turn off and put cell phone in backpack during class to avoid distractions.
Leaving class to take a phone call is considered an absence. If an emergency arises and you need
your cell phone on, please advise the instructor.

President Monson had a system for his study that he later shared with many college students"
"Have discipline in your preparations. Have checkpoints where you can determine if you're on
course. Study something you like and which will make it possible for you to support a
family....You can't get the jobs of tomorrow until you have the skills of today....Make certain as
you prepare that you do not procrastinate."

Teaching Methods: This course is an interesting mixture of readings, discussions, calculations, case studies, internet
exercises, involvement projects, and being your own Personal Financial Planner. Content will
alternate between the Garman text (content knowledge/understanding) and Ramsey textbook
(content application). Textbook chapter in-class discussions are based on information prepared
by students prior to attending class. Be sure to complete ALL pre-preparation activities BEFORE
class; otherwise, you will be unable to participate effectively. Always take time to complete
ponder/prove exercises to engage in deep, spiritual learning.

Note: Go to http://www.buyi.edu/AcademicLearning, or go to McKay Library 272 for

information about how the writing, reading, and study skills centers can help you increase success
in all of your classes. To schedule a tutor for a specific class, log on to Tutor Request under
Student Services and follow the instructions.
Required Texts
And Materials: Garman, E. Thomas, Forgue, Raymond E. Personal Finance, 11e Edition.

Ramsey, Dave. Foundations in Personal Finance College Edition 5-Chapter Student Guide.

[Note: bring both Garman text and Ramsey text to class each time.]

1 Subject (70 Sheets) Notebook or Composition Notebook

Assignments: Each week you will have a series of assignments to complete. Specific details about each of
these assignments will be found in I-learn. These assignments include:
 Weekly Interactive Notebook Pages (240 points)
 Application assignment on topic covered (points vary)
 Mock Stock Market Assignments (points vary)
 Budget Assignments (points vary)
 Financial Records Evaluation (50 points)
Grading: The final course grade will be based on I-Learn submissions, exams, attendance, participation,
projects, and professionalism. A letter grade will be based on the following percentile:

94-100% A 74-76% C
90-93% A- 70-73% C-
87-89% B+ 67-69% D+
84-86% B 64-66% D
80-83% B- 60-63% D-
77-79% C+ Below 60% F

· A represents consistently outstanding understanding, application, and integration of subject

material and extensive evidence of original thinking, skillful use of concepts, and ability to
analyze and solve complex problems.
· B represents considerable or significant understanding, application, and incorporation of the
material which would prepare a student to be successful in next level courses, graduate school, or
employment.
· C represents sufficient understanding of subject matter. The student demonstrates minimal
initiative to be prepared for class. Sequenced courses could be attempted, but mastering new
materials might prove challenging.
· D represents poor performance and initiative to learn and understand and apply course
materials. Retaking a course or remediation may be necessary to prepare for additional instruction
in this subject matter.
· F represents failure in the course.

Late work: Late work is not accepted in this course. However, sometimes life happens and students need a
little extra time on an assignment. For this reason, I will allow ONE assignment to be turned in
late, NO QUESTIONS ASKED (NQA)! You will just need to email me and let me know that
you will be using your NQA option when submitting that late assignment.

Extra Credit: One potential extra credit project is available during the semester. Information about this project
will be distributed by the instructor. Extra credit will only be available if all other assignments
are completed.

President Monson had specific techniques that worked for him in the classroom.
“In academic preparation, I found it a good practice to read a text with the idea
that I will be asked to explain that which the author wrote and its application to
the subject it covered.” Follow President Monson’s counsel and read the text as
if you will be asked to explain what the author wrote.
Attendance/
Tardiness: Attendance is required for the entire class period and taken at the beginning of class before the
prayer. Leaving class early for whatever reason is considered an absence. If an occasion arises
and students are running late, it is preferred they come after class has started rather than miss the
entire hour. Arriving after the instructor’s welcome is considered a tardy; 3 tardies = 1 absence.
No tardies/ absences results in a 1/3 grade increase at the end of the semester (A- to A ); more
than 3 absences results in a 1/3 grade decrease at the end of the semester (A to A- ); more than
6 absences results in a full grade decrease at the end of the semester (A to B -). Students with
more than 9 absences are “unofficially withdrawn” from the course at the end of the semester. It
is important that students manage attendance well.
In-Class
Note-taking: Write down whatever the instructor puts on the board; there is a better chance it
will be on the test. Be sure to write down the details that connect or explain the main points.
Leave blank spaces for items or ideas you may miss. Don't hesitate to ask the instructor questions
if certain points are confusing. Do not stop taking notes during discussion periods. Go over your
notes soon after class (within 24 hours) to increase your retention. Don't try to record every word,
use abbreviations. This will help you to not fall behind. Use the financial records system
assembled in class to keep all notes, assignments, handouts for future reference.
Participation: A critical piece of student reading and class attendance is participation. Students bring
comments/questions from Chapter Readings to class for discussion and implementation. A
portion of each class focuses on an activity practicing the principles discussed in class to build
toward content achievement. The instructor collects in-class activities for evaluation.
Participation activities cannot be made up. If students miss class, a participation activity is
missed as well.

[Note: Please refrain from working on assignments or other “stuff” while in this class. It lessens
the ability to learn and is disrespectful to the instructor; a sign that students are not paying
attention and are disengaged/disinterested in learning. Also, please take care of physical needs i.e.
bathrooms, drinks, eating, sleeping before class begins to avoid disrupting class by exiting and
returning to the classroom. Throw trash away either before or after class.]

President Monson says, “I tried to be attentive in any lecture in the classroom and to pretend that
I would be called upon to present the same lecture to others. While this practice is very hard
work, it certainly helps during test week… It is not the number of hours you put in, but what you
put in the hours that count."

Exams: Four (4) exams are taken throughout the semester. Exams are not comprehensive. All exams are
objective and are taken in the Testing Center (exams open Tues; close Thurs). No makeup exams
are available. Take tests during daylight hours while you are fresh and awake. Begin preparing
for the test, at least, two to three days before the test opens-not the night before. Start preparing
for exams after the very first class period. Don't cram. You may pass the test, but you will most
likely forget everything in two or three days.
Management
Evaluation: Always use campus computers to submit assignments and not your home computer due to
Internet service interruptions. Campus wireless services for laptops are unreliable as well. It is
justifiable to resubmit an assignment if a campus computer fails, not as justifiable if students use
laptops, or didn’t manage well and missed a deadline. Call x1411 if I-Learn is a problem.

Support Services: BYU-Idaho does not discriminate against persons with disabilities in providing its educational
and administrative services and programs, and follows applicable federal and state law. This
policy extends to the University’s electronic and information technologies (EIT).

Students with qualifying disabilities should contact the Disability Services Office at
disabilityservices@byui.edu or 208-496-9210. Additional information about Disability Services
resources can be found at http://www.byui.edu/disabilities.

BYU-Idaho prohibits sex discrimination against any participant in its education programs or
activities. Prohibited sex discrimination includes incidents of sexual harassment (including sexual
violence), dating violence, domestic violence, sexual assault, and stalking (collectively “sexual
misconduct”).

As an instructor, one of my responsibilities is to help create a safe learning environment for my

students and for the campus as a whole. University policy requires that I report all incidents of
sexual misconduct that come to my attention. If you encounter sexual misconduct, please contact
the Title IX Coordinator at titleix@byui.edu or 208-496-9200. Additional information about
sexual misconduct and available resources can be found at www.byui.edu/titleix.

Technology Review: Throughout this course, we will be evaluating three different Student Response Systems for the
university: Top Hat, Poll Everywhere, and REEF. More information will be given on each of
these systems during the course. After each review, you will be asked to fill out an online survey
on your opinions of the products.
Tutor: There is a tutor available for FCS 340. This semester Rolayne Waldron is the course tutor.
Contact her to set up appointments. Her contact information is:
Phone: 480-338-9378, email: Som88001@byui.edu

Course Outline: The instructor reserves the right to make any necessary and appropriate changes.

DATE PREPARATION TEACH ONE PONDER/ PROVE

(Due Before Class) ANOTHER (Due Before Class)
Week Jan 6 Read Syllabus Get acquainted; Review Bring Questions to class;
1 Syllabus

Week Jan 9 Read: Set up mock Stock Begin Budget #1; Begin Stock
2 Ramsey Chapter 1 Market Market
Garman Chapter 1 Case Studies

Interactive Notebook

Jan 11 Read Garman Chapter 1; Personal and Family Continue Budget #1; Continue
Submit SQ3R in I-Learn Financial Success Stock Market

Interactive Notebook
Jan 13 Read Garman Chapter 1 Time Value of Money Continue Stock Market
Due: Budget #1, Stock Market
Interactive Notebook #1,
Interactive Notebook

Week Jan 16
3 NO CLASS NO CLASS NO CLASS
Jan 18 Read: Case Studies Schedule Extra Credit (EC) Career
Ramsey Chapter 4 Series workshops; Continue Stock
Garman Chapter 2 Market; Begin Budget #2; Begin
Career Plan
Interactive Notebook
Jan 20 Read Garman Chapter 2 Career Planning EC Career Series workshops;
Resume, Cover Letter, Continue Stock Market; Continue
Interactive Notebook Interviewing Budget #2;

Due: Career Plan, Interactive

Notebook
Week Jan 23 Read: Case Studies; EC Career Series workshops;
4 Ramsey Chapter 2 Financial Values/Goals; Continue Stock Market; Continue
Garman Chapter 3 Budgeting Budget #2

Interactive Notebook
Jan 25 Read Garman Chapter 3 Financial Ratios ; EC Career Series workshops;
Budgeting Continue Stock Market; Cont.
Interactive Notebook Budget #2;

Jan 27 Read Garman Chapter 3 Financial Records EC Career Series workshops;

Continue Stock Market;
Interactive Notebook
Due: Budget #2; Interactive
Notebook

Week Jan 30 Read Garman Chapter 4 Progressive Taxes; Exam 1 opens Tues. Jan 31;
 5 Marginal Rate Closes Thurs, Feb 2; Chapters 1-
Interactive Notebook 3, Dave Ramsey Chapters 1, 2, 4;
EC Career Series workshops;
Continue Stock Market; Organize
Financial Record Keeping system;
Cash Flow from Budget #2; Begin
Tax Planning Strategies
Feb 1 Read Garman Chapter 4 8 steps of Income EC Career Series workshops;
Taxes Continue Stock Market; Continue
Interactive Notebook Financial Record Keeping System;
Cash Flow from Budget #2; Begin
Tax Planning Strategies
Feb 3 Read Garman Chapter 4 Tax Strategies EC Career Series workshops;
Continue Stock Market; Continue
Interactive Notebook Financial Record Keeping System;
Cash Flow from Budget #2;

Due: Interactive Notebook

Week Feb 6 Read Garman Chapter 6 EC Career Series workshops;
6 *** Skipping Chapter Case Studies Continue Stock Market; Continue
5 for now*** Financial Record Keeping System;
Cash Flow from Budget #2; Begin
Interactive Notebook Tax Planning Strategies
Feb 8 Read Garman Chapter 6 Credit EC Career Series workshops;
Continue Stock Market; Continue
Interactive Notebook Financial Record Keeping System;
Cash Flow from Budget #2; Cont.
Tax Planning Strategies
Feb 10 Read Garman Chapter 6 Consumer Loan EC Career Series workshops;
Sources and Over- Continue Stock Market; Continue
Interactive Notebook indebtedness Financial Record Keeping System;
Cash Flow from Budget #2;
Due: Tax Planning Strategies,
Interactive Notebook Due
Week Feb 13 Read: Ramsey Chapter 3 Debt EC Career Series workshops;
7 Read Garman Chapter 7 Continue Stock Market; Continue
Financial Record Keeping System;
Interactive Notebook Cash Flow from Budget #2; Create
Budget #3; Begin Credit Card
Comparison
Feb 15 Read Garman Chapter 7 Consumer Credit and EC Career Series workshops;
Credit Cards Continue Stock Market; Continue
Interactive Notebook Financial Record Keeping System;
Cash Flow from Budget #2; Create
Budget #3; Cont. Credit Card
Comparison
Feb 17 Read Garman Chapter 7 Installment Loans and EC Career Series workshops;
Calculating Interest Continue Stock Market; Continue
Interactive Notebook Financial Record Keeping System;
Cash Flow from Budget #2; Create
Budget #3;

Due: Credit Card Comparison,

Interactive Notebook Turned In
Week Feb 20
 8 NO CLASS NO CLASS NO CLASS
Feb 22 Read Garman Chapter 5 Checking and Savings Exam 2 opens Tues. Feb. 21
Accounts closes Thurs, Feb. 23; Chapters
Interactive Notebook 4,6,7, Dave Ramsey Chapter 3

EC Career Series workshops;

Continue Stock Market; Continue
Financial Record Keeping System;
Cash Flow from Budget #2; Begin
Bank Exploration;
Feb 24 Read Garman Chapter 5 Money Market EC Career Series workshops;
Accounts; Electronic Continue Stock Market; Continue
Interactive Notebook Banking; Money Financial Record Keeping System
Psychology
Due: Bank Exploration, Stock
Market #2, Budget #3,
Interactive Notebook
Week Feb 27 Read Garman Chapter 8 Wants vs. Needs EC Career Series workshops;
9 Continue Stock Market; Continue
Interactive Notebook Financial Record Keeping System;
Cash Flow from Budget #3; Begin
Comparison Shopping

Mar 1 Read Garman Chapter 8 Shop for the best buy EC Career Series workshops;
Continue Stock Market; Continue
Interactive Notebook Financial Record Keeping System;
Cash Flow from Budget #3; Cont.
Comparison Shopping

Mar 3 Read Garman Chapter 8 Negotiating and EC Career Series workshops;

Effective Complaint Cont. Stock Market; Continue
Interactive Notebook Procedures Financial Record Keeping System;
Introduce Housing Cash Flow from Budget #3; Begin
Market Housing Market

Due: Comparison Shopping,

Interactive Notebook
Week Mar 6 Read Garman Chapter 9 Rent vs. Buy; Steps in EC Career Series workshops;
10 Home Buying Continue Stock Market; Continue
Interactive Notebook Financial Record Keeping System;
Cash Flow from Budget #3; Cont.
Housing Market
Mar 8 Read Garman Chapter 9 Financing a Home; EC Career Series workshops;
Selling a Home Continue Stock Market; Continue
Interactive Notebook Financial Record Keeping System;
Cash Flow from Budget #3; Cont.
Housing Market
Mar 10 Read Garman Chapter 9 EC Career Series workshops;
Continue Stock Market; Continue
Interactive Notebook Financial Record Keeping System;
Cash Flow from Budget #3;

Due: Housing Market,

Interactive Notebook
Week Mar 13 Read Garman Chapter Risk Management; Exam 3 opens Tues. Mar. 14
 11 10 Homeowners Insurance closes Thurs. Mar. 16 Chapters
5, 8, 9 EC Career Series
Interactive Notebook workshops; Continue Stock
Market; Continue Financial
Record Keeping System; Cash
Flow from Budget #3; Begin
Insurance Investigation
Mar 15 Read Garman Chapter Auto, Property, EC Career Series workshops;
10 Liability Insurance Continue Stock Market; Continue
Financial Record Keeping System;
Interactive Notebook Continue Housing Market; Cash
Flow from Budget #3; Cont.
Insurance Investigation
Mar 17 Read Garman Chapter Planning for Health EC Career Series workshops;
10 Care expenses Continue Stock Market; Continue
Life Insurance Planning Financial Record Keeping System;
Interactive Notebook Cash Flow from Budget #3; Cont.
Insurance Investigation;

Due: Insurance Investigation,

Interactive Notebook
Week Mar 20 Read Garman Chapter EC Career Series workshops;
12 13 Case Studies Continue Stock Market; Continue
Financial Record Keeping System;
Interactive Notebook Cash Flow from Budget #3; Begin
Investment philosophy
Mar 22 Read Garman Chapter Investment Programs EC Career Series workshops;
13 and Philosophy Continue Stock Market; Continue
Financial Record Keeping System;
Interactive Notebook Cash Flow from Budget #3; Cont.
Investment philosophy
Mar 24 Read Garman Chapter Risk and Long-Term EC Career Series workshops;
13 Investment Strategy Continue Stock Market; Continue
Financial Record Keeping System;
Interactive Notebook Cash Flow from Budget #3;

Due: Investment Philosophy,

Interactive Notebook
Week Mar 27 Read Garman Chapter Case Studies EC Career Series workshops;
13 11,12,14,15, or 16 Continue Stock Market; Continue
Financial Record Keeping System;
Interactive Notebook Cash Flow from Budget #3; Create
Budget #4
Mar 29 Read Garman Chapter Stocks and Bonds EC Career Series workshops;
11,12,14,15, or 16 Mutual Funds Continue Stock Market; Continue
Real Estate & High Financial Record Keeping System;
Interactive Notebook Risk Investments Cash Flow from Budget #3; Create
Budget #4
Mar 31 Read Garman Chapter EC Career Series workshops;
11,12,14,15, or 16 Continue Financial Record
Keeping System;
Interactive Notebook
Due: Budget #4, Stock Market
#3, Interactive Notebook Due
Week Apr 3 Read: Ramsey Chapter 5 Retirement EC Career Series workshops;
14 Garman Chapter 17 Continue Financial Record
Keeping System
Interactive Notebook
Apr 5 Read Garman Chapter Estate Planning Exam 4 opens Tues. Apr. 4
17 closes Thur. Apr. 6 Chapters 10,
13, 17, Dave Ramsey Chapters 5
Interactive Notebook
Due: EC Career Series,
Financial Records Evaluation,
Interactive Notebook Turned In