Interdisciplinary
Finance 1050: Personal Finance
Reflection
I've learned many things in Finance 1050. One of the most important things I have learned about is home buying. It's important because I plan on owning a house one day. Another important thing I have learned was car buying. It was also important because I will need to buy my own car one day. The other important thing I leared about was credit. Credit is essential in order to purchase a car and a house, and it is important to have good credit so you can pay lower interest rates.
Everything in Finance 1050 is applicable to real life. One of concepts I think I will use most in my life is car buying. A car is a necessity in order to get to your job, or other places that you need to go. Eventually I will have to buy cars, so it was important that I learned about car buying. Another concept I feel I will use most in life is credit. Credit is essential to have, even if you don't use credit cards often. You need a good credit score in order to be elgible for good loans.
I will use everything I learned in finance throughout my life. I feel like one of the things I will use least in my life is the stock market. It is very important when it comes to mutual funds and 401(k)s. However, I would never invest in the stock market personally. So while my funds from employers would be in the stock market, I would never put any left over income into the stock market. The stock market can be a good way to earn money over time, but I feel like the risk is too much for me to put money into.
