Topic outline

  • General

    • Instructor Guidance Page

      Why Study Personal Finance?

      Many feel they have a good handle on personal finance, that all they need is more income. Creating a budget is a waste of time, and investing is for the wealthy. Too often people will see something on sale and pay for it on their credit card feeling they have saved money. These are misconceptions that result in financial stress and problems.

      Take a short journey into the facts and data that will show why personal financial management is important, and gain insight into what you can accomplish with what you have, and how to effectively reduce debt, build credit, and prepare you for the increase in income so the increase can be managed wisely to maximize the long-term positive impact on your financial well-being.


  • Introduction to Heal Your Finances

    Lesson: 1Forum: 1File: 1

  • Income Sources

    Page: 1

  • Expenses by Type

    When we think about our expenses we often lump them all together without thinking about where we can cut costs. Obviously, there are wants and needs when it comes to expenses. The problem is we think of things like cable TV and the internet as a need. This can lead to a lopsided budget that can never meet our baseline or goals. This module focuses on how to categorize expenses so we can see areas where we can make cuts with minimal impact on the family. This allows us to balance our budget and bring ourselves in a position to afford more wants. While some cuts will hurt a bit at first, the benefits later pay off.

    Watch the enclosed video and share your thoughts with your classmates.

    Fill out your workbook sheet for expenses and post it to the discussion so everyone can look at your thoughts and processes to enhance the discussion.

    For the assignment submit your workbook in its entirety. You should be working on the same workbook as you did in the first session.


    Forum: 1

  • Debt and Credit

    Page: 1Forum: 1