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MONEY WISE FINANCIAL COURSE
INTRODUCTION TO THE COURSE
1. UNDERSTANDING FINANCIAL PRINCIPLES - SETTING PRIORITIES
2. FINANCIAL FREEDOM - LIVING BENEATH YOUR MEANS
3. SAVING AND INVESTING: ACHIEVING FINANCIAL INDEPENDENCE
4. TAX AND LONG-TERM PLANNING - KEY ISSUES
5. MAJOR PURCHASES AND BUYING ON CREDIT - THE HOME AND AUTO DECISION
6. HAVING ADEQUATE INSURANCE - PROTECTING YOU AND YOUR LOVED ONES

Introduction to the Course

Purpose

The purpose of this presentation on personal finance is to help you understand that personal finance is not separate from, but simply part of, the gospel of Jesus Christ. This lesson covers six chapters. Our goal is to give you a broad introduction to the many different areas of personal finance, with the hope that you will continue your study to understand better the topics covered in this lesson. The topics are:

  1. Understanding Financial Principles - Setting Priorities
  2. Financial Freedom - Living Beneath Your Means
  3. Saving and Investing: Achieving Financial Independence
  4. Tax and Long-term Planning - Key Issues
  5. Major Purchases and Buying on Credit - The Home and Auto Decision
  6. Having Adequate Insurance - Protecting You and Your Loved Ones

Each lesson should take about an hour to read and an hour to watch the video. I encourage you to fill out the Eight Priorities worksheet as you read and work on setting goals in each area.

Lesson Manual

Please note that this is the only lesson that does not have a specific lesson manual. We recommend you use the High School Course Manual for this course.

Videos

These videos were recorded in February 2013 at the BYU Investment Banking Bootcamp where the MoneyWise seminars are taught twice a year.

The video for each section can be found in its respective chapter.

Other Materials

MoneyWise Packet Day 1 (Chapters 1 & 2)
MoneyWise Packet Day 2 (Chapters 3 & 4)
MoneyWise Packet Day 3 (Chapters 5 & 6)
Eight Financial Priorities Outline

Understanding Financial Principles - Setting Priorities


Learning Outcomes

The four objectives for this chapter are:

  1. Understand Financial Principles
  2. Set Priorities
  3. Communicate Clearly
  4. Budget Well

Chapter Reading

Please read the chapter on "Understanding Financial Principles – Setting Priorities" (PDF)

Slide Presentation

Please click here for the PowerPoint slide presentation (PPT) for this chapter, or here for the slides as a PDF.

Video

Assignments

Here are the assignments for "Understanding Financial Principles – Setting Priorities"

Tools

Eight Financial Priorities
Key Questions on Money and Family

Additional Materials

For Newlyweds and their Parents, Richard B. Miller

Financial Freedom - Living Beneath your Means


Learning Outcomes

The objectives for this section are:

  1. Financial perspective
  2. Maximize income
  3. Reduce spending
  4. Start saving
  5. Eliminate inappropriate debt, and
  6. Bank wisely

Chapter Reading

Please read the chapter on "Financial Freedom - Living Beneath your Means" (PDF)

Slide Presentation

Please click here for the PowerPoint slide presentation (PPT) for this chapter, or here for the slides as a PDF.

Video

Assignments

Here are the assignments for "Financial Freedom - Living Beneath your Means"

Tools

Eliminate Your Debt Schedule
Debt Elimination Spreadsheet with Accelerator
Debt amortization with Prepayment

Additional Materials

One for the Money, Marvin J. Ashton
To the Boys and Men, Gordon B. Hinckley

Saving and Investing: Achieving Financial Independence


Learning Outcomes

The objectives for this section are:

  1. Financial Perspectives: Spiritual Matters
  2. Investing Basics: Before You Start
  3. Investing Steps: The Process

Chapter Reading

Please read the chapter on "Saving and Investing: Achieving Financial Independence" (PDF)

Slide Presentation

Please click here for the PowerPoint slide presentation (PPT) for this chapter, or here for the slides as a PDF.

Video

Assignments

Here are the assignments for "Saving and Investing: Achieving Financial Independence"

Tools

Couples Case Study
Risk Tolerance Test
Roth versus Traditional - Which is Better
Retirement Planning Needs

Additional Materials

Guidelines for Wise Investing - Charles Davis
Recognizing and Avoiding Bad Investments - John W. Hardy

Tax and Long-term Planning - Key Issues

Learning Outcomes

There are six objectives for this chapter:

  1. Financial Perspectives: Planning
  2. Learn the Tax Rules
  3. Credits: First Prize
  4. Deductions: Second Prize
  5. Shelters & Savings
  6. Estate Planning and Wills

Chapter Reading

Please read the chapter on "Tax and Long-term Planning: Key Issues" (PDF)

Slide Presentation

Please click here for the PowerPoint slide presentation (PPT) for this chapter, or here for the slides as a PDF.

Video

Assignments

Here are the assignments for "Tax and Long-term Planning: Key Issues"

Additional Materials

Planning Ahead - The Importance of Wills and Trusts - Steven Dixon
Tax Planning- Dellwyn R. Call

Major Purchases and Buying on Credit - The Home and Auto Decision


Learning Outcomes

This chapter will discuss five topics. They are:

  1. Financial Perspectives: Avoid Debt
  2. Building Credit
  3. Protecting Your Identity
  4. The Home Decision
  5. The Auto Decision

Chapter Reading

Please read the chapter on "Major Purchases and Buying on Credit: The Home and Auto Decisions" (PDF)

Slide Presentation

Please click here for the PowerPoint slide presentation (PPT) for this chapter, or here for the slides as a PDF.

Video

We are currently preparing the video for this chapter.

Assignments

Here are the assignments for "Major Purchases and Buying on Credit: The Home and Auto Decisions"

Tools

Home Loan Comparison with Prepayment and Refinancing
Maximum Mortgage Payments for LDS

Additional Materials

I have a Question - Home Ownership - William Berrett
How to Spot a Ponzi

Having Adequate Insurance - Protecting You and Your Loved Ones


Learning Outcomes

We will cover five topics in this chapter. They include:

  1. Financial Perspectives: Tithing
  2. Insurance Basics: Three Principles
  3. Personal Insurance: health, life, and disability
  4. Property Insurance: home and auto
  5. Employee Benefits

Chapter Reading

Please read the chapter on "Having Adequate Insurance: Protecting You and Your Loved Ones" (PDF)

Slide Presentation

Please click here for the PowerPoint slide presentation (PPT) for this chapter, or here for the slides as a PDF.

Video

Assignments

Here are the assignments for "Having Adequate Insurance: Protecting You and Your Loved Ones"

Tools

Calculating Life Insurance Needs

Additional Materials

Property, Casualty, and Health Insurance- Terry H. Buckner
Personal Insurance- William S. Bennett