Category Archives: 10 Principles of Personal Finance

Mind Games and Fuzzy Math

You are at your local mall shopping for a sweater for your dad’s birthday. Ever find yourself wishing you had a calculator? How fast can you figure out what 25% off of $52.00 is? Would you make your “decision to … Continue reading

Posted in 10 Principles of Personal Finance, Ch. 1, Financial Planning Process, Ch. 8, Home and Auto | Tagged , , , , ,

Detroit, Pensions, and Retirement Planning

In Chapter 16 of Personal Finance, Turning Money into Wealth, retirement planning is discussed.  In that chapter we discuss defined benefit retirement plans.  To say the least they are great, but problems arise if they aren’t fully funded.  On July … Continue reading

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Planning for Retirement: A Look at Worker Confidence

According to a recent Retirement Confidence Survey by the 2013 Retirement Confidence Survey by the Employee Benefit Research Institute, worker’s confidence that they will have enough money to “live comfortably throughout their retirement years” continues to decline – in fact, … Continue reading

Posted in 10 Principles of Personal Finance, Ch.16, Retirement Planning

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 , , , , , ,

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

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The Money Code and Your Financial Personality

In Chapter 1 of Personal Finance, Turning Money into Wealth, we introduce Principle 9: Mind Games, Your Financial Personality, and Your Money.  That principle points out how behavioral biases can lead to big financial mistakes. In effect, your mind can … Continue reading

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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 , , , ,

The Lifetime Cost of Pets

Teaching Tip:  If you can show the Infographic the “Lifetime Cost of Pets,” you can begin this discussion by asking which students have, or are considering, adopting a pet.  Then ask everyone in class to write down a guess as … Continue reading

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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 , , , , , ,

Class Discussion: Birth Order and Your Financial Personality

Bankrate.com recently looked at the impact of birth order on personal finance in the article “How birth order can affect your finances.”  It takes an interesting look at how being the oldest, youngest, or somewhere in between can impact your … Continue reading

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