Personal Finance Curriculum And Video Series

Despite the importance of finance, accounting, and consumer intelligence, these topics are typically neglected in high schools. Unfortunately, personal finance is often learned by trial and error. The problem with this method of learning is that it only takes one costly financial mishap to set you back for years. This is why I created a basic personal finance book for total beginners. With these concepts you can use the other books in the Smart Money series to further build your knowledge of personal finance topics.

* Using the following prompts, please develop a narrative explaining how you can integrate the content covered in this course into your personal financial plan.

It’s no secret that a majority Americans struggle with all things finances. The jargon alone is enough to leave many confused, and with the complexities of modern economy becoming an ever increasing tangled mess, Americans are looking to do something about it. One popular suggestion is financial literacy classes for high school students. While the idea sounds promising, the reality of these classes is rather farfetched. People praise the thought of implementing financial literacy into our school system in order to help kids in their future. This praise is filled with good intentions, but the sad fact is that this is not in a student's best interest.

Many people assume that handling personal finances is straightforward and can be done with little to no preparation. This paper delves into the many different aspects of personal finance. It discusses the tools that we are learning in class and explains how these tools that can be used to save for retirement. It offers tips to improve your financial standing both now and in the future. And finally, it compares these tips with advice offered by an expert, Suze Orman. Everyone needs to learn how to properly prepare their finances to reach their goals. While doing so can be easy and rewarding, neglecting

Personal finance is essential in succeeding in life and being debt free. Debt will cause difficulties for an individual for the rest of their lives, and it is important to save as much money as possible. But, personal finance is not all about saving money, I must spend it wisely. When I was younger and I sought to buy an item, my parents would always ask if it was a want or a need. Almost all of the time the items I believed I needed in my life were actually wants, so I usually ended up not even buying them. Without a doubt, that is the basics of personal finance; saving as much money as possible, and occasionally spending it on items that you need in your everyday life. Accordingly, I will continue on following the basic rules of personal finance for the rest of my life, and I guarantee in the future for instance, I will teach my kids exactly what my father and Everfi have taught

Having an understanding of basic financial principles is essential for anyone who wants to exercise control over their personal income. Without it, how can anyone plan how to pay for next month’s bills, much less plan for retirement? I learned that a basic knowledge of financial basics is essential if I was to have any chance of being able to make the most of my personal income (LaPonsie, How to Stop Living the Paycheck to Paycheck Lifestyle August 6, 2015).

I have an interest in learning about personal finance because I struggle with this a lot. Not to the point of bankruptcy, but I’m an irresponsible teenager. I hate to say this, but it’s very true. I always pay my bills, but I end up spending extra money on food or clothes instead of saving it. I hope that throughout this course I learn the importance of saving and become more responsible with my money.

In 2014 summer semester, I took the Fin 6308 “Personal Finance” course. Personal finance is a basic business education course that is focus on “personal financial management issues and planning techniques”, which include providing a “consumer-side view of credit management, budgeting, personal financial statement analysis, insurance planning, retirement planning, investment planning, asset accumulation and distribution planning, tax planning, estate planning and employee benefits planning”. Although the course may not be consistent with any concentrations that are specified by the plan of Master of Science in Finance, I gain plenty of useful knowledge from this online class.

In my Career Explorations and Opportunities (CEO) class, we have just completed a financial unit. Before this unit I didn’t understand many banking terms, I wasn't aware of the difference between savings and chequing and did not know what was available to me through banks being a student. Throughout the unit I was constantly learning new things and realized how important saving is! Savings can really be a great safety net in case of emergency. Throughout this unit I have learned a lot about savings, savings skills, savings mindset, investing, types of investments and my risk appetite. In the following paragraphs I would like to tell you on what I learned throughout this unit.

I chose to read How to Think about Money by Jonathan Clements. This book did a great job of describing how to invest money at

This chapter is all about taking the information from the previous four chapters and putting it to work in the real world. My overall aim in this book is to teach you how to use your new-found knowledge—your financial literacy—to create wealth. While I do that, it’s important to look at the knowledge I’m sharing as cumulative. Therefore, right now I want to circle back and remind you of the primary lesson from Chapter One: the goal is to create true wealth, which I believe consists of five categories: material wealth, physical wealth, psychological wealth, emotional wealth, and spiritual wealth. These categories of wealth work synergistically to help you create a peaceful, harmonious, stress-free life. They don’t stand alone; each feeds into the other, and when they’re all firing together on all

For those fortunate to have connections with experienced individuals in the world of finance, take advantage of every bit of advice that comes along. Regrettably, most high schools don’t provide courses that educate students about personal finance, but maybe that will change in the future. An understanding of personal finance among the youth is alarmingly below where it needs to be and I can’t stress enough how important it is to create healthy habits at a young age in order to set yourself up for success in the not-so-distant

The whole book was a constant circuit of new financial lessons. A few of the most important financial lessons I learned included tips for overcoming my spending triggers. I tend to carelessly buy food, clothes, and accessories without really thinking twice about it and this lesson recognized all the triggers and suggested ideas to overcome spending habits. For example, to pack lunches and have little snacks with you so that you do not overspend with food. I also made a financial goals chart that covered my goal, the total cost or savings needed, timing and the monthly amount needed to achieve the goal. One helpful thing that Catey Hill did was provide real world examples

While taking the personal finance course this past spring, I learned many valuable lessons that will greatly assist me throughout my life. One lesson I learned is the importance of paying yourself first. To put this into action, I will save money in an emergency fund to have enough money to live comfortably for 3 to 6 months, in case of emergency. Furthermore, this course has taught me the importance of budgeting. Using budgeting, I will make a plan for my money, so I can avoid over drafting and bouncing checks. Another lesson personal finance taught me is to pay all bills and loans on time to develop a good FICO credit score, which is what companies use to evaluate the risk of loaning to an individual. Knowing this information will help me

The Costs and Benefits of Financial Advice by Stephen Foerster, Juhani Linnainmaa, Brian Melzer, Alessandro Previtero.