College of Agriculture, Food & Environment

Consumer Economics & Family Financial Counseling

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According to the National Foundation for Credit Counseling, 54% of Americans struggle to minimize their debt. You can help change that.

Learn the human side of finance.

This program empowers you to address consumer and financial issues that impact family economic well-being. Through coursework, hands-on experience, and service learning, you will develop a comprehensive understanding of financial literacy, money management, consumer behavior, and counseling practices.

Upon completing your coursework, you will be prepared to earn your Accredited Financial Counselor ® certification. This nationally recognized credential is organized by the Association for Financial Counseling and Planning Education, an organization offering valuable resources, networking and professional development opportunities for more than 30 years.


 

“A growing body of research indicates that cognitive, emotional, and behavioral issues are associated with negative financial management behaviors.”

- Dr. Bruce Ross, CEFC Assistant Professor - from a Washington Post Article How to teach your kids about money when you are bad with it yourself

 


Visit Us

To learn more about this program, campus life, and chat with an advisor, schedule a campus visit. Virtual visits may be necessary in some cases. 

 

Courses You Will Take

Access Major Map

source: myUK: GPS

Consumer Econ & Fam Fin Counseling (BS) 120 - 121 hours
Freshman Year
Sophomore Year
Junior Year
Senior Year
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Total Freshman Year Credit Hours : 31 - 32

Fall Semester
15 Credit Hours
UK Core - Comp. & Comm. I
3
SOC 101
3
SOC 101 - INTRODUCTION TO SOCIOLOGY

SOC 101

**UK Core - Social Sciences**

3 credit hours

Introduction to the concepts and methods of sociology. Topics shall include socialization; group processes, social inequalities; social institutions; and social change. This course or its equivalent Sociology courses. Students may not receive credit for both this course and RSO 102.

UK Core - Humanities
3
GEN 100
3
GEN 100 - ISSUES IN AGRICULTURE, FOOD AND ENVIRONMENT

GEN 100

**UK Core - Community, Culture and Citizen**

3 credit hours

How do farmers in Kentucky impact families in California? How can the fashion industry curb the amount of plastic in our oceans? How does fast food affect sea life in the Gulf of Mexico? Whether we realize it or not, each of us has a relationship with agriculture, food and the environment. From race and gender, diet and lifestyles, tourism and evolving technologies, this course encourages you to recognize and think critically about the interconnected systems that affect all human life. By addressing these challenges, you will develop a greater appreciation for how you can positively impact our planet.

Prereq: This course is open to students enrolled in the College of Agriculture, Food and Environment or those in the College of Agriculture, Food and Environment Residential College's Belle C. Gunn Living Learning Program. Freshman only in Fall semesters and transfer students only in Spring semesters.

UK Core - Natural, Physical and Math
3
Spring Semester
16 - 17 Credit Hours
UK Core - Comp. & Comm. II
3
CEF 251
3
CEF 251 - PERSONAL AND FAMILY FINANCE INTRODUCTION

CEF 251

3 credit hours

An introductory course for personal and family finance. Relevant topics such as building and protecting wealth, retirement and estate planning and personal investing will be covered throughout the course.

PSY 100
4
PSY 100 - INTRODUCTION TO PSYCHOLOGY

PSY 100

4 credit hours

An introduction to the study of behavior covering theories, methods and findings of research in major areas of psychology. Topics covered will include the biological foundations of behavior; learning, perception, motivation, personality; developmental, abnormal, and social behavior; and methods of assessment. This course is a prerequisite to a significant number of courses in this and related areas of study. Lecture, three hours; laboratory/discussion, two hours.

ECO 201
3
ECO 201 - PRINCIPLES OF ECONOMICS I

ECO 201

3 credit hours

The study of the allocation of scarce resources from the viewpoint of individual economic units. Topics include household and firm behavior, competitive pricing of goods and resources, and monopoly power.

UK Core - Quantitative Foundations
3 - 4

Please login to http://myUK.uky.edu to access your major map and personalized degree audit via the myUK Graduation Planning System (myUK GPS).

Total Sophomore Year Credit Hours : 30

Fall Semester
15 Credit Hours
ECO 202
3
ECO 202 - PRINCIPLES OF ECONOMICS II

ECO 202

3 credit hours

A study of how society’s needs are satisfied with the limited resources available. Topics include contemporary issues such as inflation, unemployment, economic growth, international dependencies, and how public policy deals with them. A critical understanding of the U.S. and global economies will enhance your value as a manager or executive of a business (whether for-profit or non-profit), as a family member dealing with jobs and financial decisions, and as a voter in a democracy. The course will allow you to become knowledgeable of, and able to critically think about, the major macroeconomic issues of unemployment, jobs, recessions, economic growth, inflation, deflation, oil prices, monetary policy, the Federal Reserve, fiscal policy, budget deficits, the national debt, international trade, international finance, and the financial system.

Prereq: ECO 201.

CEF 351
3
CEF 351 - ADVANCED PERSONAL AND FAMILY FINANCE I

CEF 351

3 credit hours

Management of personal and family financial resources throughout the life span. A study of individual and family finances as related to financial planning, money management practices, checking and savings, credit management, loans and borrowing, income taxes, housing costs, and transportation costs.

Prereq: CEF 251.

CEF 350
3
CEF 350 - CONSUMER ECONOMICS

CEF 350

3 credit hours

An in-depth study of consumer issues, rights, and responsibilities. An examination of how individual and societal decisions affect quality of life, including consumer safety, and the interactions of consumption, health, law, government regulations and the economy. Consumer education and financial literacy will also be emphasized.

Upper Level Elective
3
ACC 201
3
ACC 201 - FINANCIAL ACCOUNTING I

ACC 201

3 credit hours

This course is designed to provide an introduction to financial accounting from the users' perspectives. Its primary purposes are to promote understanding of financial accounting information for decision making purposes and to focus on financial accounting's role in communicating business results.

Prereq: Successful completion of 27 semester credit hours or consent of the School of Accountancy Director.

Spring Semester
15 Credit Hours
Elective
3
STA 210
3
STA 210 - MAKING SENSE OF UNCERTAINTY: AN INTRODUCTION TO STATISTICAL REASONING

STA 210

**UK Core - Statistical Inferential Reason**

3 credit hours

The goal of this course is to help students develop or refine their statistical literacy skills. Both the informal activity of human inference arising from statistical constructs, as well as the moral formal perspectives on statistical inference found in confidence intervals and hypothesis tests are studied. Throughout, the emphasis is on understanding what distinguishes good and bad inferential reasoning in the practical world around us.

Prereq: Any course in the new Quantitative Foundations area of General Education beginning Spring 2012.

UK Core - Global Dynamics
3
CEF 402
3
CEF 402 - THEORIES AND APPLICATIONS IN CONSUMER ECONOMICS

CEF 402

**GRADUATION COMP & COMMUNICATION REQUIREMENT (GCCR)**

3 credit hours

Study of concepts, theories, and real world applications of consumer economics. This course provides partial credit for the written component of GCCR for the Consumer Economics and Personal Finance major/program in conjunction with FAM 360 and CEF 390.

Prereq: ECO 201, ECO 202, CEF 350, CIS/WRD 110; CIS/WRD 111; and sophomore standing.

CEF 352
3
CEF 352 - ADVANCED PERSONAL AND FAMILY FINANCE II

CEF 352

3 credit hours

Management of personal and family financial resources throughout the life span. A study of individual and family finances as related to financial planning; property and liability risk; health care management and expenses; insurance planning; investment fundamentals; stocks, bonds, and mutual fund investments; real estate and high risk investments; and retirement and estate planning.

Prereq: CEF 251 and CEF 351.

Please login to http://myUK.uky.edu to access your major map and personalized degree audit via the myUK Graduation Planning System (myUK GPS).

Total Junior Year Credit Hours : 30

Fall Semester
15 Credit Hours
FAM 360
3
FAM 360 - INTRODUCTION TO FAMILY INTERVENTION: WORKING WITH FAMILIES AND INDIVIDUALS

FAM 360

**GRADUATION COMP & COMMUNICATION REQUIREMENT (GCCR)**

3 credit hours

Survey course to introduce students to the various skills, strategies and professional ethical standards used by family scientists in helping relationships. The emphasis will be on learning the skills required to provide support for families and individuals. This course is a Graduation Composition and Communication Requirement (GCCR) course in certain programs, and hence is not likely to be eligible for automatic transfer credit to UK.

Prereq: Declared majors or minors in FAM or declared majors in CEF. FAM 251 is a prerequisite for FAM majors and minors. CEF 251 is a prerequisite for CEF majors.

CEF 403
3
CEF 403 - FAMILY FINANCIAL COUNSELING

CEF 403

3 credit hours

An examination of family economics and resource management issues and their impact on the well-being of families 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. Best practices in assisting individuals and families facing financial challenges and increasing their level of financial capability, while decreasing their financial stress through personal financial counseling processes will be addressed.

Prereq: CEF 351 and CEF 352 OR consent of the instructor.

Upper Level Elective
3
Elective
3
Upper Level Elective
3
Spring Semester
15 Credit Hours
UK Core - Arts and Creativity
3
CEF 390
3
CEF 390 - INTRODUCTION TO RESEARCH METHODS

CEF 390

**GRADUATION COMP & COMMUNICATION REQUIREMENT (GCCR)**

3 credit hours

An introduction to research design, methodology, instrumentation, and data analysis with emphasis on a student’s ability to understand and critique research in the content areas of consumer economics, personal finance, human development, and family relations. This course provides partial credit for the written component of GCCR in conjunction with FAM 360 and CEF 403 or FAM 357.

Prereq: Declared majors or minors in Family Sciences; STA 210; CIS/WRD 110; CIS/WRD 111; and sophomore standing.

CEF 498
3
CEF 498 - INTERNSHIP IN CONSUMER ECONOMICS AND PERSONAL FINANCE

CEF 498

3 credit hours

A supervised working internship and course for juniors and seniors in the CEF program. The internship will take place in a community, educational, Cooperative Extension, and/or research setting. Emphasis is on observation, teaching, conceptualizing research problems, and developing competencies for providing consumer economics and financial services at the individual, family, and/or community level. The course includes lecture and internship hours (a total of 150 hours).

Prereq: CEF 403; junior or senior standing; Consumer Economics and Personal Finance majors only; consent of instructor; completed internship learning contract.

Upper Level Elective
3
Elective
3

Please login to http://myUK.uky.edu to access your major map and personalized degree audit via the myUK Graduation Planning System (myUK GPS).

Total Senior Year Credit Hours : 29

Fall Semester
15 Credit Hours
Free Elective
3
CEF 499
3
CEF 499 - ADVANCED INTERNSHIP IN CONSUMER ECONOMICS AND PERSONAL FINANCE

CEF 499

3 credit hours

A supervised working internship and course for juniors and seniors in the CEF program. The internship will take place in a community, educational, Cooperative Extension, and/or research setting. Building on the concepts and professional development learned in CEF 498, emphasis is on observation, teaching, conceptualizing research problems, and developing competencies for providing consumer economics and financial services at the individual, family, and/or community level. The course includes virtual discussion and internship hours (a total of 150 hours). The course will meet synchronously and live via web video through multiple sections (to accommodate students in different time zones). The course may be repeated for a maximum of 6 credit hours in separate terms.

Prereq: CEF 498; junior or senior standing; Consumer Economics and Personal Finance majors only; consent of instructor; completed internship contract.

Elective
3
Upper Level Elective
3
Upper Level Elective
3
Spring Semester
14 Credit Hours
CEF 499 or UL Elective
3
Upper Level Elective
3
CEF 496 or UL Elective
3
Upper Level Elective
3
Elective
2

Please login to http://myUK.uky.edu to access your major map and personalized degree audit via the myUK Graduation Planning System (myUK GPS).

Apply for Our Scholarships

In addition to automatic and competitive scholarships from the University of Kentucky, you are also eligible for a variety of awards from the College of Agriculture, Food and Environment. With one of the largest college-based scholarship programs, we have awarded more than $3 million over the past four years. These awards are based on a variety of criteria such as hometown, major, career goals, high school extracurriculars, and more. 

The deadline to apply is December 1 for first-semester freshmen and January 31 for current students and transfer students. For more information, click here

Join Our Living Learning Program

Named after UK's first female graduate, Belle C. Gunn, this first-year program is open to all University of Kentucky freshmen.  We seek students who, like Gunn, have passion and determination.  Through field trips, professional development workshops, and service programs, we apply student passions to global issues at the intersection of food, economics, and environment.  All students in this program will also enroll in connected courses, share study groups, and have an assigned peer mentor - all to help with the transition to college life. 

While all students will enjoy the same benefits, some events and projects will be geared toward students' preferences and career goals. Depending on interests, each student will join one of the following tracks: 

  • Food & Health 
  • Family & Community 
  • Nature & Landscapes 
  • Livestock & Equine 

 

 

All students participating in our living learning program will live in Woodland Glen IV, one of UK's newest residence halls.  To apply, select the "Agriculture, Food and Environment" living learning program while completing the housing application. For more information, visit the University of Kentucky Housing website


Imagine Your Future

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Source: Bureau of Labor Statistics | Click the link for more info.

Median Salary

$88,890

per year in 2018

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new jobs (average)

Work Environment

Most personal financial advisors work in the finance and insurance industry or are self-employed. They typically work full time and may meet with clients in the evenings or on weekends.

Source: Bureau of Labor Statistics

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International Opportunities

Should you choose, you can gain international experience while earning credit towards your degree. We offer a variety of study, research, intern, and service abroad programs for all budgets and comfort levels. Some students have even earned grants and scholarships to fully fund their international experiences.

These programs are designed to broaden your mind and introduce you to unfamiliar ways of thinking and living. Ultimately, these experiences will make you a more competitive applicant in the global workforce.