1. Personal Finance
Bill Klinger

2. Personal Finance Introductions Me You Syllabus Class procedures
Class expectations
A study showed that 83% of people who lost their job, lost it because of attendance or attitude.
Check out
money.cnn.com Personal Finance tab
investor.vanguard.com

3. Financial Decisions
Should I buy a car or pay off my credit card first?
How big of a house can I afford?
What should I invest in?
Do I have enough insurance?
Will I be able to retire early?
Should I take the cash value or the annuity in the lottery?

4. Financial Planning Why bother? What is it?
Do you need a financial advisor?

5. Financial Plan Budgeting and tax planning Managing liquidity
Financing large purchases
Insurance
Investing
Retirement and estate

6. Budgeting Start with after-tax income Identify expenses
Remainder is saving
Opportunity cost
What you give up as a result of a decision
What are the opportunity costs of
Buying an expensive car?
An unlimited data plan for your phone?
Buying Starbucks coffee every day?
How much do you save?

7. Cash Flow Income “Cash” Expenses Liquidity Retirement & Estate
saving
spending
“Cash”
Expenses
deposits
investments
credit
Liquidity
Retirement & Estate
loans
premiums
investments
Financing
Insurance
Investing

8. Financial Plan Goals Current financial position Alternatives / Options
Short
Intermediate
Long-term
Current financial position
Alternatives / Options
Establish plan
Track your finances
Revise as conditions change