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FINC204 Personal Finance

Principles and techniques for handling personal financial decisions. Topics include savings and investment considerations, personal risk management, use and cost of credit, financing alternatives, retirement, estate and tax planning.

This paper takes you logically through the process of personal financial planning. You will acquire knowledge on taxation, property and retirement planning, investment and risk management, investor behaviour, critical influence of time on the value of money and how to incorporate all of these areas into a comprehensive financial plan.

Paper title Personal Finance
Paper code FINC204
Subject Finance
EFTS 0.15
Points 18 points
Teaching period Summer School (On campus)
Domestic Tuition Fees (NZD) $912.00
International Tuition Fees Tuition Fees for international students are elsewhere on this website.

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Any six papers
Schedule C

Teaching staff

Iris Li

Paper Structure

The paper commences with an introduction to the history and the time value of money. It then covers various topics required for the construction of a comprehensive financial plan, including the identification of personal financial position and goals, tax-friendly financial planning, use and cost of credit, estate planning, insurance, savings and investments considerations and superannuation/Kiwisaver.

Teaching Arrangements
There are no prescribed textbooks for this paper.
Course outline
View the course outline for FINC 204
Graduate Attributes Emphasised
Critical thinking, Self-motivation, communication
View more information about Otago's graduate attributes
Learning Outcomes
Upon successful completion of this paper, you should be able to
  • Understand how financial planning works
  • Prepare and evaluate personal financial statements
  • Suggest tax-effective ways to build wealth
  • Analyse and evaluate alternatives of major investments
  • Understand individual investor's behavioural biases and be able to overcome them
  • Select appropriate insurance products to cover financial risks
  • Critically assess the effectiveness of a variety of retirement strategies
  • Craft a comprehensive financial plan to connect and integrate all of the above areas of financial planning

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Additional Information for FINC 204

Additional Information Further information about teaching staff, tutorial times, assessment details, reading lists and learning objectives is available in the PDF below.

Download Course Outline for FINC204 (PDF 674 KB)

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Summer School

Teaching method
This paper is taught On Campus
Learning management system


Stream Days Times Weeks
L1 Tuesday 14:00-15:50 2-7
Wednesday 10:00-11:50 2-6

Other Teaching

Stream Days Times Weeks
A1 Monday 12:00-14:50 7


Stream Days Times Weeks
T1 Thursday 10:00-11:50 2-6