1. Semester project
Personal Finance

2. Developing a sound financial life

3. Economic BioGraphy - Future Career
Duties and Responsibilities
Necessary Training/Schooling
Expected Salary

4. College Financing
Cost of Degree – be specific on how it was calculated (school, tuition, room/board, # years, etc.)

5. Monthly Costs - Budget Groceries $0 Dining out Other Subtotals
FOOD
Projected Cost
Groceries $0
Dining out
Other
Subtotals
PROJECTED MONTHLY INCOME
8150
HOUSING
Projected Cost
Mortgage or rent
$2,000
Phone
$10
Electricity
$100
Gas
$80
Water and sewer
$50
Cable $0
Waste removal
$40
Maintenance or repairs
Supplies
$30
Other
Subtotals
$2,360
PROJECTED MONTHLY INCOME
8000
HOUSING
Projected Cost
Mortgage or rent
$2,000
Phone
$10
Electricity
$20
Gas
Water and sewer
$50
Cable $0
Waste removal
$30
Maintenance or repairs
Supplies
Other
Subtotals
$2,210
PROJECTED MONTHLY INCOME $
HOUSING
Projected Cost
Mortgage or rent $0
Phone
Electricity
Gas
Water and sewer
Cable
Waste removal
Maintenance or repairs
Supplies
Total Insurances
Subtotals
ENTERTAINMENT
Projected Cost
Video/DVD $0
CDs
Movies
Concerts
Sporting events
Live theater
Other
Subtotals
TRANSPORTATION
Projected Cost
Vehicle payment $0
Bus/taxi fare
Insurance
Licensing
Fuel
Maintenance
Other
Subtotals
LOANS
Projected Cost
Personal $0
Student
Credit card
Other
Subtotals
SAVINGS OR INVESTMENTS
Projected Cost
Retirement account $0
Investment account
Other
Subtotals
PERSONAL
Projected Cost
Food $0
Medical
Grooming
Clothing
Health club
Laundry and Dry Cleaning
Other
Subtotals
GIFTS AND DONATIONS
Projected Cost
Charity 1 $0
Charity 2
Charity 3
Subtotals
TOTAL PROJECTED EXPENSES
$8,000
TOTAL PROJECTED INCOME
8000
TOTAL DIFFERENCE $0
TOTAL PROJECTED EXPENSES $0
TOTAL PROJECTED INCOME 80
TOTAL DIFFERENCE
In each of the boxes, explain how you arrived at the expenses you did. Include any relevant websites you used for your research

6. Future budget explanations/Savings Plan
Housing-apt on your own? with roommates?? Buy a house?
Transportation-buy a car? Use the bus? Ride a bike?
Food-eating out or preparing your own?
Gifts and Donations-do you plan to budget giving to others? What if money gets tight?
Savings and Investments-how much and how do you plan to make it happen
Loans-student loan? Auto loan? Credit cards?
Entertainment-what kinds will you budget for? What can you do for cheap?

7. W-4 Form - Filled in

8. W-4 Form 2nd half – Filled In
Don’t include your SSN

9. W-2 form – Filled in as though from Employer
Don’t include your SSN

10. Finance term 1-donating
Define donating
Is it something you will budget for? Why or why not.

11. Finance term 2-Net income
Define net income
What does this mean to you? Was it a new term?

12. Finance term 3-Budget Define budget
What did you learn regarding this word and its usefulness or lack thereof?
How will you go about creating one?

13. Understanding Credit

14. credit cards
Find 2 credit cards that you feel are the best options out there for you (rewards, flyer miles, cash back, interest rates, etc.)
Insert a table comparing at LEAST 5 categories (interest rate, annual fees, late fees, rewards, etc.)
Which of these would you choose and why OR do you even plan on getting one at all because of what you have learned?

15. payday loans
What did you learn about payday loans? When is this an option for obtaining money? Explain.

16. My credit score
Research how credit scores are calculated and give an estimate of yours currently. What things did you consider when figuring out your score?

17. Financing a car
Year, make, model of first car. Price, down payment (if making one), sales tax, total purchase price.
Offer 1-monthly payment with interest rate and which institution
Offer 2
Offer 3
Which offer you would choose and why

18. Financing a house Estimated price of first house
Offer 1-interest rate/term and institution
Offer 2
Offer 3
Which offer you would choose and why

19. Bank or CU NAME What bank or credit union would you choose?
Explain why (mortgage, auto rates, savings rates, etc.)

20. Creditor
Define creditor and explain the different types (personal, real).

21. Good Debt
Define good debt and explain what types of good debt you will have in your life and why it is considered "good".

22. Identity Theft Define Identity Theft
How can it be prevented and what steps will you take to protect your identity?
What do you need to do if your identity is stolen?

23. Spending money

24. Monthly expenses, Fixed
Define fixed expenses
List all future fixed expenses and their estimated amounts

25. Monthly Expenses, Flexible
Define flexible expenses
List all future flexible expenses and their estimated amounts

26. 3 short term debt items Define short term debt
List three long term debts and explain why they are STDs
Explain how you plan to handle short term debts

27. 3 long term debt items Define long term debt
List three long term debts and explain why they are LTDs
Explain how you plan to handle long term debts

28. Savings plan
Insert budget from previous slide and state your monthly savings

29. Savings plan
Explain your long-term savings plan considering all aspects (Roth, 401k, IRA, savings account, stocks, etc.) and ultimate goal.

30. Budget expanded
Explain what your monthly income will be spent on or why some bills may be very low (i.e. cable =$8 because you will only have netflix)
This may take more than 1 slide

31. Spending term-financial emergency
Define financial emergency
What did you learn regarding this word and how will you account for it?

32. Spending term-savings
Define savings
What did you learn regarding this word and its usefulness or lack thereof?
How did it change the way you think of money?

33. Spending term-fixed variable expenses
Define FVE
Give some examples and how you can lower these expenses

34. Banking and insurance

35. account(s) I will have-Kind here
Specify what kind of account you will have and why. Advantages, disadvantages, how much you will keep in there and why that amount. (Should fill most of the page)
One account per page—you should have at least 2 but do not go over 5

36. 3 Insurances-Health, life, house
Health Insurance- estimate what your risk level is and with that, research premiums, coverages, deductibles for health insurance. State all of the above and what company you would go with and why.
Home Insurance-research what this covers, find a company you feel comfortable with and explain why
Life Insurance-should be fairly similar to health insurance

37. Banking and insurance term-Credit Union
Define credit union and explain its similarities and differences to a bank.
Is this the type of institute you plan on using, why or why not?

38. Banking and insurance term-internet banking
Define internet banking and explain its pros and cons
Is this something you plan on using, why or why not?

39. Banking and insurance term-Warranty
Define warranty and explain its pros and cons given different situations if necessary
Do you see this as something useful in your future, why or why not?

40. Investing Money

41. Investing Terms-Mutual Fund
Define Mutual Fund. Describe the pros and cons of having one.

42. Investing terms-bonds
Define Bond. Describe the pros and cons.

43. Investing terms-stocks
Define stocks. What are the pros and cons?
On another slide, include what you learned from the Stock Market Game and if that had an impact on whether you will or will not get involved in stocks in the future.

44. Earnings
What kind of earnings (interest) do you hope to make on your savings?
Explain the Rule of 72

45. Retirement planning
Explain each of the following: Social security, 401k, Roth IRA, and Traditional IRA. Include some general information and the pros and cons of each, and which one(s) you plan to use in the future. Do not put more than 2 on one slide.

46. Money set aside
Given your occupation, what do you plan to save every month and what is your ultimate goal by doing so?
What kind of investments (mutual funds, bonds, stocks, etc.) do you plan on making and why?
What is your retirement plan (how much to have saved, by what age and what you will do to get there)?

47. summary
What is your savings plan (amount saved per month and ultimate goal by doing so)? What is your retirement plan (how much to have saved, by what age and what you will do to get there)?
Where do you plan to be financially (net worth) at 20 years old? 35? 55?

48. feedback What did you like most about the Personal Finance course?
What could improve this course for future classes?