Category Archives: Ch. 7, Consumer Loans

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 , , , , , ,

How Best to Pay Off Your Debt

There’s no question, the logical way to pay off debt is to go after the debt that you pay the most interest on first, and then work down to the accounts with the lowest interest rate.  In spite of the … Continue reading

Posted in Ch. 6, Credit Cards, Ch. 7, Consumer Loans, Ch. 8, Home and Auto, Ch.18, Financial Life Events | Tagged , , , , , , ,

Heads Up to Students – An e-mail to Your Students: Dealing with Student Debt

If you’ve got student loans and you’re like most students, you try not to think about it.  But at some point you’re going to have to deal with them – and while that’s not going to be pleasant, there are … Continue reading

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

Personal Finance in the News: The Mortgage Settlement – Class Discussion and Teaching Video

Teaching Tip:  Jean Chatzky has a short (3-4 minute) video from the Today show on the new “Mortgage Settlement” that summarizes what took place. In mid-February, 2012, the Justice Department announced a $25 billion settlement deal between 49 state attorneys … Continue reading

Posted in Ch. 7, Consumer Loans, Ch. 8, Home and Auto | Tagged , , , , , , , , ,

Class Discussion and Written Assignment: Help for a Recent Graduate

Teaching Tip:  Chris Farrell is the economics editor for Marketplace Money, the personal finance show by American Public Media.  He also writes a column for American Public Media titled Marketplace Getting Personal.  In that column he fields questions from readers … Continue reading

Posted in Ch. 2, Measuring Financial Health and Making a Plan, Ch. 7, Consumer Loans, Ch.16, Retirement Planning | Tagged , ,