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    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.

    About this paper

    Paper title Personal Finance
    Subject Finance
    EFTS 0.15
    Points 18 points
    Teaching period Summer School (On campus)
    Domestic Tuition Fees ( NZD ) $937.50
    International Tuition Fees Tuition Fees for international students are elsewhere on this website.
    Any six papers
    Schedule C

    Teaching staff

    Isabella Yoon

    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


    Summer School

    Teaching method
    This paper is taught On Campus
    Learning management system


    Stream Days Times Weeks
    L1 Tuesday 14:00-15:50 2-5, 7
    Wednesday 10:00-11:50 2-7


    Stream Days Times Weeks
    T1 Thursday 10:00-11:50 2-7
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