Cover Sheet

FYC 4003

InfoProcess Course|Modify|Ugrad/ProStatus PendingSubmitter Pracht,Dale dpracht@ufl.eduCreated 10/2/2014 11:33:41 AMUpdated 10/27/2014 2:03:40 PMDescription To better align student learning objectives in the sequence of Family Financial

Management courses offered in FYCS. This course builds on the introduction coursefoundation and provides the individual level knowledge needed to assist individualsand families with financial decision making.

New Description:The development of financial knowledge and counseling skills is integral to thepreparation and foundation of professionals who will work with families. Manyindividuals and families struggle with finances – the role of the financial counselor isto assist individuals and families in the complex process of financial decision-making.

ActionsStep Status Group User Comment UpdatedDepartment Approved CALS - Family,

Youth andCommunitySciences514932000

Irani, TracyAnne

10/2/2014

College Approved CALS - Collegeof Agriculturaland LifeSciences

Brendemuhl,Joel H

Reviewed by CALS CC on10/10/14 and requestedchanges have been made.

10/27/2014

UniversityCurriculumCommittee

Pending PV - UniversityCurriculumCommittee(UCC)

10/27/2014

StatewideCourseNumberingSystemOffice of theRegistrarStudentAcademicSupportSystemCatalogCollegeNotified

UCC2: Course Change Transmittal FormDepartment Name and Number

E�ective Term and Year

Current SCNS Course Identi�cation

Course Title

Pre�x Level Course Number Lab Code

Rotating Topic: S/U Only: yes

no

Course Description (50 words or less; if requesting a change, please attach a syllabus)

Prerequisites

Department Contact Name

Phone Email

College Contact Name

Phone Email

Rev. 7/13

Terminate Current Course Other Changes (specify below )

Change Course Identi�cation to:

Transcript Title (please limit to 21 characters)

Pre�x Level Course Number Lab Code

Credit Hours: From To

From

From

To

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Rationale /Place in Curriculum/Impact on Program

Contact Hours: Base or Headcount From To

From Toyes

no

yes

noFrom To

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If yes, total repeatable credit allowed

Variable Credit:

If yes, minimum and maximum credits/semester

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noFrom To

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Full Course Title

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FYC 4003 - Family Financial Management 3 Credit Hours

Instructor: Dr. Martie Gillen Meeting Time: MWF, Period 8 Office: 3028A McCarty Hall D Location: 0202 NEB Telephone: 352-392-0404 Email: mgillen@ufl.edu Office Hours: By Appointment Course Description: An examination of family economics and resource management issues and impact on the well-being of family across the major transitions of the family life-cycle. The complex process of financial decision-making and the role of the financial counselor are addressed. Prerequisites: Introduction to Family Resource Management FYC 3XXX Course Overview: The development of financial knowledge and counseling skills is integral to the preparation and foundation of professionals who will work with families. Many individuals and families struggle with finances – the role of the financial counselor is to assist individuals and families in the complex process of financial decision-making. Course Objectives: After completing this course, the student will be able to: Recognize the variety and complexity of financial problems. Utilize counseling skills and apply knowledge, resources, and financial strategies to

various financial counseling scenarios. Understand the strategic approach to financial counseling. Understand the prevalent financial issues in counseling. Navigate their professional role and boundaries of expertise. Understand the field and profession of financial counseling. Educate clients in sound financial principles. Assist clients in the process of overcoming their financial indebtedness. Identify and suggest modifications for ineffective money management behaviors. Develop successful strategies for achieving a client’s financial goals. Support clients as they work through their financial challenges and opportunities. Help clients develop new perspective on the dynamics of money in relation to family,

friends and individual self-esteem.

Required text: Pulvino, C., Lee, J., & Pulvino, C. (2010). Financial Counseling: A Strategic Approach. (FC) National Consumer Law Center. (2013). Guide to Surviving Debt. (D)

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Suggested Text: Garman, T. & Forgue, R. (2012). Personal Finance, (11th Edition). Mason, OH: South-Western Cengage Learning. Additional Readings: An article reading list will be made available on-line via e-Learning. You will be responsible for locating and reading the articles prior to class. Methods of Evaluation: There are several types of required assignments related to budgeting, credit, insurance, retirement and investment throughout the semester. These assignments include in-class activities, answering questions after reading academic papers, current events, case studies, and exams. Detailed instructions are posted on e-Learning. Brief titles of the assignment are below along with grading system.

A. In-class activities: A series of in-class activities will be completed throughout the semester related to money attitudes and beliefs, financial counseling, budgeting, balance sheets, cash-flow statements, financial ratios, goals worksheets, and credit and debt. These activities will be completed during class time.

B. Article Readings and Questions: You are responsible for locating and reading the

assigned articles. Please plan ahead. You will then write a 1 page typed (double-spaced) paper addressing the listed question(s) for each article. Refer to the article reading list for specific readings and due dates. A total of 11 papers will be due throughout the semester.

C. Current Events: All clients that financial planners or counselors see are directly

impacted by the economy and market place. That being the case it is imperative to keep up on current events. You will bring in one current event article each week. These articles can be clippings from the newspaper, online articles, professional journal articles, other reputable sources. You will want to come prepared with a couple of talking points about your event so that it can be discussed briefly in class. There will be 15 weeks worth of current events. Each week there will be a total of 5 points available for a total of 75 points.

D. Case Studies: Part of learning is having the ability to use the information that is

obtained. The objective of the case studies will be to help you in finding practical uses for the information/knowledge that is being gained in this class. There will be 4 individual case studies each worth 50 points.

E. Exams: Two exams will be given during the semester. Each exam will be worth 75 points.

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Grades: Grades will be based on the following criteria:

In-class activities (10 points each) 110 pts Article questions (10 points each) 110 pts Current events (15 points each) 75 pts Case studies (50 points each) 200 pts Exams (75 points each) 150 pts TOTAL COURSE POINTS 645 PTS Grading Summary: Grades in this class will be based on the following scale:

Letter Grade Percentage Points A = 93.50% and above 603 and above A- = 90.00-93.49% 581 - 602 B+ = 86.50-89.99% 558 - 580 B = 83.50-86.49% 539 - 557 B- = 80.00-83.49% 516 - 538 C+ = 76.50-79.99% 493 - 515 C = 73.50-76.49% 474 - 492 C- = 70.00-73.49% 452 - 473 D+ = 66.50-69.99% 429 - 451 D = 63.50-66.49% 410 - 428 D- = 60.00-63.49% 387 - 409 E = 59.99% and below 386 and below

All of the following must be true for the student to be eligible to receive a grade of "I." The student has completed a major portion of the course work with a passing grade (D or better), the student is unable to complete course requirements because of documented circumstances beyond their control, and the student and instructor have discussed the situation prior to the final exam (except under emergency conditions). Classroom Policies/Procedures:

• Make sure that all electronic devices (cell phones, ipods, gaming devices, etc.) are turned off during class. If your electronic device becomes a nuisance to the instructor or other students, you will be asked to leave the class.

• At all times, respect your fellow classmates. One of the important features of this class is the time allotted for discussion. Instructor encourages students to participate, but insists that all comments made in class are respectful and tasteful.

• If you must come late, please sit along the back row of the classroom as to not disrupt the class.

• All students who are late on exam days (come into class once the first person has left)

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will not be able to take the exam and may only schedule a make-up at the instructor’s discretion. It is unfair to other students who come on time and are prepared for the exam.

• If you require assistance with this class (alternate testing, notetaker, etc.) please notify me within the first week of class.

Attendance and Make-Up Work Requirements for class attendance and make-up exams, assignments and other work are consistent with university policies that can be found at: https://catalog.ufl.edu/ugrad/current/regulations/info/attendance.aspx You will need to provide documentation to excuse your absence for makeup exams and assignments. Academic Honesty Policy As a student at the University of Florida, you have committed yourself to uphold the Honor Code, which includes the following pledge: “We, the members of the University of Florida community, pledge to hold ourselves and our peers to the highest standards of honesty and integrity.” You are expected to exhibit behavior consistent with this commitment to the UF academic community, and on all work submitted for credit at the University of Florida, the following pledge is either required or implied: "On my honor, I have neither given nor received unauthorized aid in doing this assignment." It is assumed that you will complete all work independently unless the instructor provides explicit permission for you to collaborate on course tasks (e.g. assignments, papers, quizzes, exams). Furthermore, as part of your obligation to uphold the Honor Code, you should report any condition that facilitates academic misconduct to appropriate personnel. It is your individual responsibility to know and comply with all university policies and procedures regarding academic integrity and the Student Honor Code. Violations of the Honor Code at the University of Florida will not be tolerated. Violations will be reported to the Dean of Students Office for consideration of disciplinary action. For more information regarding the Student Honor Code, please see: http://www.dso.ufl.edu/SCCR/honorcodes/honorcode.php. It is to be assumed all work will be completed independently unless the assignment is defined as group project, in writing by the professor. This policy will be vigorously upheld at all times in this course.

Online Course Evaluation Process Student assessment of instruction is an important part of efforts to improve teaching and learning. At the end of the semester, students are expected to provide feedback on the quality of instruction in this course using a standard set of university and college criteria. These evaluations are conducted online at https://evaluations.ufl.edu. Evaluations are typically open for students to complete during the last two or three weeks of the semester; students will be notified of the specific times when they are open. Summary results of these assessments are available to students at https://evaluations.ufl.edu/results. Software Use Policy All faculty, staff and students of the university are required and expected to obey the laws and legal agreements governing software use. Failure to do so can lead to monetary damages and/or

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criminal penalties for the individual violator. Because such violations are also against university policies and rules, disciplinary action will be taken as appropriate. Campus Helping Resources Students experiencing crises or personal problems that interfere with their general well-being are encouraged to utilize the university’s counseling resources. The Counseling & Wellness Center provides confidential counseling services at no cost for currently enrolled students. Resources are available on campus for students having personal problems or lacking clear career or academic goals, which interfere with their academic performance. University Counseling & Wellness Center, 3190 Radio Road, 352-392-1575, http://www.counseling.ufl.edu/cwc/Default.aspx

• Counseling Services • Groups and Workshops • Outreach and Consultation • Self-Help Library • Wellness Coaching

• Career Resource Center, First Floor JWRU, 392-1601, www.crc.ufl.edu/ • University Police Department: 392-1111 or 9-1-1 for emergencies.

Services for Students with Disabilities Students with disabilities requesting accommodations should first register with the Disability Resource Center (352-392-8565, www.dso.ufl.edu/drc/ ) by providing appropriate documentation. Once registered, students will receive an accommodation letter which must be presented to the instructor when requesting accommodation. Students with disabilities should follow this procedure as early as possible in the semester. Course Schedule*: Week Topic Reading Assignment

1 • Overview of course • Introduction to financial counseling

Chapter 1 (FC)

2 • Foundations of counseling • The communication process

Chapter 2 (FC) Chapter 3 (FC)

Article question #1

3 • The listening process • Exploring strategies

Chapter 4 (FC) Chapter 5 (FC

Current event #1

4 • Strategies for fostering responsibility • Decision making an problem solving

Chapter 6 (FC) Chapter 7 (FC)

Article question #2

5 • Financial counseling issues • The counseling relationship

Chapter 8 (FC) Chapter 9 (FC)

Article question #3 Case study #1

6 • Counseling: Basic strategies • Counseling intervention strategies

Chapter 10 (FC) Chapter 11 (FC)

Current event #2

7 • Alternative perspectives • Evaluation

Chapter 12 (FC) Chapter 13 (FC)

Article question #4

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Week Topic Reading Assignment

8

• Developing a financial counseling program

• Choosing Which Debts to Pay First • Increasing Income and Reducing

Expenses

Chapter 14 (FC)

Chapter 1 (D) Chapter 2 (D)

Article question #5 Exam 1 (Chapters

1-14 FC)

9

• What You Need to Know About Your Credit Report

• The Pros and Cons of Credit Counseling and Other “Debt Relief” Companies

• Credit Cards

Chapter 3 (D)

Chapter 4 (D)

Chapter 5 (D)

Current event #3 Case study #2

10

• Home Mortgage Loans • Raising Money to Repay Debts:

Making Good Choices and Avoiding Choices That Could Get You into Trouble

• Responding to Debt Collectors & Collection Lawsuits

Chapter 6 (D) Chapter 7 (D)

Chapters 8 & 9 (D)

Article question #6

11 • Home Foreclosures Chapters 10 – 13 (D) Article question #7

12

• Student Loan and Federal Income Tax Collection, Evictions, Utility Shut-Offs, Repossessions, and Other Threats to Property

Chapters 14 – 19 (D) Current event #4 Case study #3

13

• Student Loan and Federal Income Tax Collection, Evictions, Utility Shut-Offs, Repossessions, and Other Threats to Property (continued)

Chapters 14 – 19 (D) Article question #8

14

• Your Bankruptcy Rights • Making a Financial Recovery: A

Checklist

Chapter 20 (D) Chapter 21 (D)

Article question #9

15 • Putting all of the pieces together • Financial counseling in research

Current event #5 Case study #4

16 • Exam 2 (Chapters 1-20 D) Article question #10 *Course schedule is tentative and subject to change. All changes will be announced during class.

UCC: Syllabus ChecklistAll UCC1 forms and each UCC2 form that proposes a change in the course description or credit hours must include this checklist in addition to a complete syllabus. Check the box if the attached syllabus includes the indicated information.

Syllabus MUST contain the following information:Instructor contact information (and TA if applicable)Course objectives and/or goalsA weekly course schedule of topics and assignmentsRequired and recommended textbooksMethods by which students will be evaluated and their grades determinedA statement related to class attendance, make-up exams and other work such as: “Requirements for class attendance and make-up exams, assignments, and other work in this course are consistent with university policies that can be found in the online catalog at: https://catalog.ufl.edu/ugrad/current/regulations/info/attendance.aspx."A statement related to accommodations for students with disabilities such as: “Students requesting classroom accommodation must first register with the Dean of Student Office. The Dean of Students Office will provide documentation to the student who must then provide this documentation to the instructor when requesting accommodation.” Information on current UF grading policies for assigning grade points. This may be achieved by including a link to the appropriate undergraduate catalog web page:https://catalog.ufl.edu/ugrad/current/regulations/info/grades.aspxA statement informing students of the online course evaluation process such as: “Students are expected to provide feedback on the quality of instruction in this course based on 10 criteria. These evaluations are conducted online at https://evaluations.ufl.edu. Evaluations are typically open during the last two or three weeks of the semester, but students will be given specific times when they are open. Summary results of these assessments are available to students at https://evaluations.ufl.edu.

It is recommended that syllabi contain the following information:1. Critical dates for exams and other work2. Class demeanor expected by the professor (e.g., tardiness, cell phone usage)3. UF’s honesty policy regarding cheating, plagiarism, etc. Suggested wording: UF students are bound by The

Honor Pledge which states, “We, the members of the University of Florida community, pledge to hold ourselvesand our peers to the highest standards of honor and integrity by abiding by the Honor Code. On all worksubmitted for credit by students at the University of Florida, the following pledge is either required or implied:“On my honor, I have neither given nor received unauthorized aid in doing this assignment.” The Honor Code(http://www.dso.ufl.edu/sccr/process/student-conduct-honor-code/) specifies a number of behaviors that arein violation of this code and the possible sanctions. Furthermore, you are obliged to report any condition that facilitates academic misconduct to appropriate personnel. If you have any questions or concerns, please consultwith the instructor of TAs in this class.

4. Phone number and contact site for university counseling services and mental health services: 392-1575, http://www.counseling.ufl.edu/cwc/Default.aspxUniversity Police Department: 392-1111 or 9-1-1 for emergencies.

The University’s complete Syllabus Policy can be found at: http://www.aa.ufl.edu/Data/Sites/18/media/policies/syllabi_policy.pdf

Rev. 7/13

FYC 4003 Family Financial Management

Time: MWF 8 (3:00-3:50) Location: NEB 0202 Instructor: Taylor Spangler, M.S. Office: McCarty D 3022 E-mail: Please use Sakai e-mail only. Office Hours: MWF 7 (1:55-2:45) I will check at least daily M-F. Phone: 352-273-3502

Course Description: An overview of family financial management including an introduction to time value of money, financial goals based on family values, budgeting, credit, insurance, investments, estate planning, taxes and transfer of assets. Course Format: This class meets for three, 50-minute sessions each week and may require online participation and assignment submission. This course will include real-life application of management concepts through goal setting and tracking throughout the semester. Course Expectations: Students are expected to attend class, complete readings and assignments, and actively participate in discussions and activities. Students are expected to set personal goals and will get the most out of the course by honestly participating in the process. Required Materials: Garman, T. and Forgue, R. (2012) Personal Finance, 11th edition. Mason, OH: South-Western, Cengage

Learning. HP 10bII Financial Calculator Additional readings and videos will be provided by the instructor during the semester.

Grades: Grades will be based on the following criteria and weights: Six (6) Quizzams 300 points (50 points each) Chapter Homework 300 points (20 points each) Financial Statements 50 points Credit Report Analysis 25 points Spending Diary and Analysis 50 points Insurance Analysis 25 points Personal Plan of Action ______50 points Total Possible 800 points Quizzams: There will be six (6) quizzams for a total of 300 points (50 points each). Quizzams will cover lecture materials, as well as the chapter readings. The quizzams will be conducted in class, and the format may include essay, short answer, fill in the blank, true/false, and matching options. NOTE: On exam days, no one will be permitted to begin the exam once the first student has left the classroom. Chapter Homework and Assignments will be due via the assignments tab on sakai.

Chapter Homework: There will be fifteen (15) chapter homework assignments worth 20 points each (some covering more than one chapter) for a total of 300 points. Financial Statements: Students will prepare and submit the following financial statements worth 50 points total: Balance Sheet, Cash Flow Statement, and Semester Budget. Credit Report Analysis: Students will obtain their credit report from www.annualcreditreport.com. They will analyze the report for accuracy, identify any discrepancies, and provide feedback on how they can improve their credit. Spending Diary and Analysis: Students will track their spending for four weeks. Upon completion, they will analyze their spending and provide suggestions on how they can improve their spending habits. Insurance Analysis: Students will evaluate their insurance needs, as well as the adequacy of their current insurance coverage, based on the criteria provided in class. Personal Plan of Action: Based on all of the information learned in this course, students will prepare their Personal Plan of Action to design their own financial future. Blog Post Extra Credit Entries: Blog Post Extra Credit entries are worth 10 points each, and, if selected, will be published on the UF/IFAS Family Album Blog site http://blogs.ifas.ufl.edu/familyalbum/ .Each entry should be 500 - 750 words. Entries should take material learned in class/in the text during the submission period and apply it to families. Standard plagiarism rules apply.

Classroom Policies Late Assignments: All late assignments will be penalized 10% for each day late. This penalty starts the minute after the assignment was due. It is the student’s responsibility to ensure that assignments are received by the instructor by the published deadline. Only University-approved excuses will be accepted. Excused Absences: Excused absences will include: sick days (documented by a medical practitioner), death of an immediate family member, conferences, or authorized UF travel. Submit authorized excused absences prior to or immediately after your absence. Please supply documentation only in cases of major assignments. Grades and Grade Points: For information on current UF policies for assigning grade points, see https://catalog.ufl.edu/ugrad/current/regulations/info/grades.aspx Style Guide: All references and citations should be submitted using APA style. For more guidance, see http://www.apastyle.org/ The Purdue OWL writing guide website is another excellent resource https://owl.english.purdue.edu/owl/resource/560/01/

Cell Phones/Laptops: Your phone should be silent or off during class and should be put away during class time. Laptops should be used for class purposes only (not FaceBook, surfing, etc.). Texting, chatting, and surfing are distracting to your classmates and the instructor. Students who are in violation will be warned and asked to leave the classroom at the instructor’s discretion. Respect: Treat the other students, guest lecturers, and the instructor with respect and expect to be treated with respect. During lecture and discussion, side conversations, inappropriate remarks, and other rude activities will not be tolerated. Academic Honesty: As a student at the University of Florida, you have committed yourself to uphold the Honor Code, which includes the following pledge: “We, the members of the University of Florida community, pledge to hold ourselves and our peers to the highest standards of honesty and integrity.” You are expected to exhibit behavior consistent with this commitment to the UF academic community, and on all work submitted for credit at the University of Florida, the following pledge is either required or implied: "On my honor, I have neither given nor received unauthorized aid in doing this assignment." It is assumed that you will complete all work independently in each course unless the instructor provides explicit permission for you to collaborate on course tasks (e.g. assignments, papers, quizzes, exams). Furthermore, as part of your obligation to uphold the Honor Code, you should report any condition that facilitates academic misconduct to appropriate personnel. It is your individual responsibility to know and comply with all university policies and procedures regarding academic integrity and the Student Honor Code. Violations of the Honor Code at the University of Florida will not be tolerated. Violations will be reported to the Dean of Students Office for consideration of disciplinary action. For more information regarding the Student Honor Code, please see: http://www.dso.ufl.edu/SCCR/honorcodes/honorcode.php Software Use: All faculty, staff and students of the university are required and expected to obey the laws and legal agreements governing software use. Failure to do so can lead to monetary damages and/or criminal penalties for the individual violator. Because such violations are also against university policies and rules, disciplinary action will be taken as appropriate. Campus Helping Resources A complete list of campus resources is available at http://healthygators.ufsa.ufl.edu/campus-resources University Counseling & Wellness Center www.counseling.ufl.edu/cwc/ 3190 Radio Road, 352-392-1575 Students experiencing crises or personal problems that interfere with their general well-being are encouraged to utilize the university’s counseling resources. The Counseling & Wellness Center provides confidential counseling services at no cost for currently enrolled students. Resources are available on campus for students having personal problems or lacking clear career or academic goals, which interfere with their academic performance. Career Resource Center www.crc.ufl.edu/ First Floor JWRU, 352-392-1601

The CRC offers students (and, where appropriate, alumni) a broad range of assistance designed to provide the best opportunity for career employment upon graduation. Disability Resource Center www.dso.ufl.edu/drc/ 0001 Reid Hall, 352-392-8565 The Disability Resource Center coordinates the needed accommodations of students with disabilities. This includes registering disabilities, recommending academic accommodations within the classroom, accessing special adaptive computer equipment, providing interpretation services and mediating faculty- student disability related issues. Students requesting classroom accommodation must first register with the Dean of Students Office. The Dean of Students Office will provide documentation to the student who must then provide this documentation to the Instructor when requesting accommodation Please do not hesitate to contact me if you have questions or concerns in this regard. Also, please make these arrangements early so I can make the proper accommodations.