Tag Archives: Personal Finance

The Impact of the Recent Downturn on the Wealth Distribution in America

The downturn in the economy that we are still trying to dig out of did not impact all Americans equally.  A recent article in the Washington Post titled “As Economy Recovers, the Richest Get Richer, Study Shows” looks at a … Continue reading

Posted in Ch.11, Investment Basics, Ch.16, Retirement Planning, Ch.18, Financial Life Events | Tagged , , , , , , , ,

Your Financial Personality – Taming Your Emotions When Investing – an Audio Discussion

When it comes to investing – your financial personality, which is a reflection of your attitude about money based on your behavioral and emotional traits, tends to get in the way of good decision making.  When it comes to money, … Continue reading

Posted in 10 Principles of Personal Finance, Ch.11, Investment Basics, Ch.18, Financial Life Events | Tagged , , , , , ,

Living Beyond Your Means?

There’s no question about it, it’s easier to spend than it is to save.  Saving isn’t a natural event – it must be planned.  Let’s face it, many people don’t save, and on top of that they spend more than … Continue reading

Posted in Ch. 2, Measuring Financial Health and Making a Plan, Ch.18, Financial Life Events | Tagged , , ,

Understanding Why You Invest as You Do – A Look at Your Financial Personality

Use your brain, don’t act emotionally – that’s generally the advice given to individuals when they invest.  Unfortunately, it’s impossible to take your financial personality and your emotions out of investment decisions.  In Chapter 1 of Personal Finance, Turning Money … Continue reading

Posted in 10 Principles of Personal Finance, Ch. 1, Financial Planning Process | Tagged , , ,

Payday Loans and Why to Avoid Them

As you learned in Chapter 7 of Personal Finance, Turning Money into Wealth, you should be wary of “payday loans.” Recently, banks have moved into this market with “bank deposit advance loans” which look an awful like payday loans – … Continue reading

Posted in 10 Principles of Personal Finance, Ch. 7, Consumer Loans, Ch.18, Financial Life Events | Tagged , , , ,

Paying Off Your Debt

Teaching Tip:  “Bridge to Financial Freedom, 7 Steps to Paying Off Your Debt” is a great Infographic and makes a for an excellent class discussion or short lecture.  It can be projected on a screen in class and talked through … Continue reading

Posted in 10 Principles of Personal Finance, Ch. 2, Measuring Financial Health and Making a Plan, Ch. 7, Consumer Loans, Ch.18, Financial Life Events | Tagged , , , , , ,

Mortgage Lengths – the Surprising Popularity of the 15-Year Mortgage

For most people, their home mortgage amounts to the most money they will ever borrow.  In Chapter 8 of Personal Finance, Turning Money into Wealth we look at “the mortgage decision” and lay out the steps you need to take … Continue reading

Posted in Ch. 8, Home and Auto | Tagged , , , , , , , , ,

Personal Finance In the News: Affordable Care Act Upheld

Chapter 9 of the 6th edition of Personal Finance, Turning Money into Wealth, discussed the fact that more than two dozen states had joined in a lawsuit stating that the healthcare law was unconstitutional.  On June 28, 2012 the Supreme … Continue reading

Posted in Ch. 9, Life and Health Insurance, Personal Finance In The News | Tagged , , , , , ,

Class Discussion and Assignment: What We Spend Our Money On

Teaching Tip:  The Planet Money article, “What America Buys” is fascinating, and the side-by-side graph showing the spending differences between 1949 and 2012 are extremely interesting.  If you can project these onto the board in class, it’s a great place … Continue reading

Posted in Ch. 2, Measuring Financial Health and Making a Plan, Ch. 8, Home and Auto, Uncategorized | Tagged , , , , , ,

Class Discussion: The Downside of Student Loans

Teaching tip: There is a very good, short, three and a half minute video with the author of the article that can be played in class to begin a healthy class discussion.  It works well in particular is you have … Continue reading

Posted in Ch. 6, Credit Cards, Ch. 7, Consumer Loans | Tagged , , , ,