Category Archives: Ch. 8, Home and Auto

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 , , , , ,

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 , , , , , , ,

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

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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 and Assignment: 100 Years of Spending

100 years can bring about a lot of change.  Let’s look a a couple of these changes: In 1901, the average family size was 4.9 people, by 2002-03 it was down to 2.5. In 1901 women made up one quarter … Continue reading

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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 Assignment: Financial Words of Wisdom

One of the best financial blogs is “The Color of Money” by Michelle Singletary which appears every Wednesday and Saturday in the Washington Post and is syndicated in over 100 newspapers. If you’d like to see what Michelle is writing … Continue reading

Posted in Ch. 8, Home and Auto, Ch.11, Investment Basics | Tagged , , , , , , , ,