Skip to main content
Intellect

BYU finance Web site can assist in planning

During every transition of life, personal finances play an influential role in deciding goals for the future. In an effort to provide families and individuals with the tools and resources necessary to obtain financial freedom, Brigham Young University's Marriott School of Management has introduced a personal finance Web site designed to help users at every stage of financial knowledge.

“A solid understanding of basic financial principles plays an important role in the well-being of individuals and families,” said Ned C. Hill, dean of the Marriott School of Management. “This project is one of our many efforts to increase financial literacy and self-reliance among our students as well as families and friends outside the university.”

The Web site, located at personalfinance.byu.edu, is divided into three courses: a beginning course is designed for high school students and college freshmen; an intermediary course is intended for college students and married couples; and a final course is for teaching about retirement planning and investing. Each of the courses is founded on the principle of setting goals and is designed to help participants obtain them.

“Once people determine their goals, we give them the tools to achieve them and keep their personal finances in order,” said Bryan Sudweeks, the principal Web site developer and Marriott School associate professor of business management. “We want to help people put foundations to their dreams.”

Web site visitors can access individual lessons and manuals based on their own financial knowledge and course level. Shortened lessons and PowerPoint presentations are also available for family activities and for teachers who would like to incorporate the topics into their curriculum.

As part of the advanced course of study, participants may download the complete college manual used by MBA students in Sudweeks’ personal financial planning course.

Each course requires participants to complete a financial plan assignment. At the end of the course, the assignments are compiled into a personal financial plan, a tool designed to lead to economic self- reliance and financial freedom.

“This program has helped me make strategic choices on future financial decisions,” said James Pierce, a senior majoring in finance from Pleasant Grove, Utah who assisted in the review process of the Web site. “I now know what to expect in my future.”

Writer: Irasema Romero

PersonalFinanceWebsite.jpg

Related Articles

data-content-type="article"

BYU study: Want to maximize the health outcomes of fasting? Start your fast with exercise

November 24, 2021
Exercise at the start of a fast can make a big difference. A BYU study finds when participants exercised, they reached ketosis on average three and a half hours earlier in the fast and produced 43% more the ketone-like chemical BHB.
overrideBackgroundColorOrImage= overrideTextColor= overrideTextAlignment= overrideCardHideSection=false overrideCardHideByline=false overrideCardHideDescription=false overridebuttonBgColor= overrideButtonText= overrideTextAlignment=
data-content-type="article"

BYU student film featured at the world’s largest children’s film festival

November 16, 2021
The film depicts a mother and daughter in the African country of Senegal who work hard to harvest salt by day and enjoy music by night. The short film masterfully highlights the importance of family and joy without the use of dialogue between characters.
overrideBackgroundColorOrImage= overrideTextColor= overrideTextAlignment= overrideCardHideSection=false overrideCardHideByline=false overrideCardHideDescription=false overridebuttonBgColor= overrideButtonText= overrideTextAlignment=
data-content-type="article"

Can heat therapy mimic some vascular benefits of exercise? BYU researchers say yes

November 11, 2021
Their research shows that passive heat therapy practically eliminates a near 30% decline in artery health that happens when people, perhaps because due to injury, become less physically active.
overrideBackgroundColorOrImage= overrideTextColor= overrideTextAlignment= overrideCardHideSection=false overrideCardHideByline=false overrideCardHideDescription=false overridebuttonBgColor= overrideButtonText= overrideTextAlignment=
overrideBackgroundColorOrImage= overrideTextColor= overrideTextAlignment= overrideCardHideSection=false overrideCardHideByline=false overrideCardHideDescription=false overridebuttonBgColor= overrideButtonText=