I Met With My Sister Ann

Whew, where to start? The personal finance class through Dame Ramsey’s Foundations in Personal Finance textbook and video series really had a lot of useful information, and it is hard to pick out the most impactful chapters and topics. However, I think the most important stuff for me was his five foundations for financial success, which were reinforced throughout the course. I am not downplaying the other important stuff in the course, including learning about the history of credit, budgeting, consumer awareness, investing, insurance, and taxes, but I think that mastering the fundamentals is important, which is why I am choosing to highlight them in this paper.

What would you do if you had $15,000? Perhaps you donate money to charity, or perhaps buy a new car? Maybe you could finally get that watch or purse that you’ve always wanted. The issue is that many people thought they had this much money. Unfortunately, they paid with credit and are now paying 18% extra on their purchases; in some cases, it’s even as high as 26%. That equates to paying roughly $18,000 dollars for something that only cost $15,000. Many Americans are regrettably faced with these bills today, but there is hope. There are people out there who want to get us out of debt, and back on our feet. This essay will look at two of those people, Dave Ramsey and Suze Orman. Of course, you will have to decide which will work best for you. Hopefully this will help you find your way to being debt free.

I explained to her that personal behavior changes, such as saving money, takes place in defined stages over a period of time. Hence, I showed her the content on table one and asked her to give me her opinions of what would work for her to influence her money-saving behavior. Since she is at the contemplation stage and recognizes that there is a problem and wants to fix it. One of the ways that she thinks she can conquer this problem is re-evaluating the reasoning behind her excessive spending and imagining how her life could be better if she changed her behavior. This means targeting the source of the issue. She suggested opting out for a mailed check instead of direct deposit, since receiving the funds electronically facilitates her to spend the money as soon as possible. Another option she said that could help change her spending habit is asking her family members who live with her to babysit while she is at work. Lastly, she believes conducting an ongoing review of her budget would critically help her track her spending habits. In doing this interview, I have learned that changing a lifelong behavior is hard and it requires persistence and positive thoughts and commitment. The consciousness-raising and the self-reevaluation of the model influenced me the most and made me realize how

This course provides an overview of the elements necessary for effective personal financial planning and the opportunity to apply the techniques and strategies essential to this understanding. Primary areas of study include creating and managing a personal budget, understanding and paying taxes, working with financial institutions, wise use of credit cards and consumer loans, financing automobiles and homes, and the use of insurance for protecting one’s family and property.

21. Which is true about the practice of marketing credit cards to teenagers? a. Teens are the number one target of credit card companies in America today. b. Brand loyalty to your first card is incredible, so credit card companies work hard to win you over first. c. Colleges are losing more students to credit card debt problems than to academic failure. d. All of the above 22. Which is not true about making purchases with credit cards? a. You spend 12-18% less when using a credit card. b. You spend 12-18% more when using a credit card. c. You are less likely to experience neurological “pain” when purchasing with a credit card. d. None of the above 23. Why do people think that the home equity loan is a good idea? a. There is a good tax refund. b. It serves as a substitute for an emergency fund. c. It’s a way to consolidate debt. d. All of the above 24. Kevin has the following debts: Home Equity Loan, $24,000; Visa, $1,200; Student Loan, $5,000; Car, $12,000. How should he prioritize his debt snowball? a. Home Equity Loan, Visa, Student Loan, Car b. Visa, Car, Student Loan, Home Equity Loan c. Visa, Student Loan, Car, Home Equity Loan d. Cannot prioritize the debt snowball without knowing the interest rates on each debt

Few relationships are as special as the bond between sisters. Siblings know us greater than even we know ourselves sometimes; it’s through this insight, their insight, that we can see ourselves better and grow into who we aspire to be. My relationship with my sister is no exception; she’s my best friend. She’s a part of why I am who I am today, and it all started with a name.

I have selected an article titled Student Loan Debt Is Torpedoing Home Sales, written February 10, 2014 in Beyond Today’s News to review for this assignment. I found this article very interesting, and alarming at the same time. It also hits close to home, as I have a son graduating from college in May who is very anxious to buy his first home.

Time is uncontrolled. As we grow older we discover different tactics and interest, most importantly we decide to create a future for our self. The ultimate American goal as an adolescent is to embrace the self-fulfilling responsibility of providing for our self and have a family of our own. Buying a home/ apartment or leasing a car, requires an extensive amount of not only income but sufficient credit to be approved. As young and unaware of how cruel this world could be, it is fairly easy to get manipulated into becoming a gullible victim of fraud, bankruptcy, or simply being stripped of one’s self-identity, known as predatory lending.

During this time period, homeownership typically required a 20 percent down payment (Melicher & Norton, 2014, 168). Lending institutions were very careful about whom they lent money to, and credit standards were high (Melicher & Norton, 2014, 168). Melicher & Norton (2014) called this the “save now, spend later” philosophy, and it would change in the coming years (p. 168).

seemed to knock down gender roles. Throughout my interview with her, a major theme that

The goal of this course is to get you thinking about personal finance issues at a point in your life when you still have time to benefit from the power of time in generating wealth to accomplish your other life goals. The financial decisions you make early in life with determine in great extent the quality of life you will enjoy later, especially given the turbulent and uncertain economic conditions. Money isn’t everything, but a lack of it will impact almost every aspect of your life and those who surround you.

Whenever a second source of income is presented into the equation, it allows for an increased in savings. Moreover, their combined income overcompensates for the accrued expenses, which then they can establish how much of their income can be carried over to their savings account. Additionally, a combined income allows for an opportunity to purchase a home and one important reason behind it “is the addition of wife’s earnings to family income” (Hanson and Ooms, 624), which generated an increase number of home ownership, especially in young families below the age of 35 during the 1980s. Unfortunately, for lower class single-parent households owning a home was much more difficult and a great deal is because they don’t generate enough income to be able to save for a future

First I established rapport by greeting Ms. Early with a hi, how are you etc. Because I had a previous established relationship with her, approximately 10 years ago, and I knew that she was a friendly person I gave her a hug as well. She asked about my three children and how they were doing. We also talked about what has been going on in my life the past 10 years. Of course I did not go on and on about myself. I asked her about her promotion to the executive director position. SAFE also had a brand new building and I told her how nice it was. I explained to her the reason why I chose her for my project. At this point I felt very comfortable and I believed she did

The study will be financial literacy effectiveness with Rent to Work’s clients. Rent to Work is a rental assistance program for homeless individuals and families. The Rent to Work is operated by the Department of Community Services for the City and County of Honolulu, Hawaii. The method used will be a pre-survey and post-survey to understand skills obtained during the financial education class, Money SMARTS. The areas measured are developing financial goals, opening a bank account, establishing a budget, saving money, repairing credit, and using credit responsibly. The survey involves collaboration with Kūlia Like, which is the agency that administers the course, to the gauge the necessity of Money SMARTS, a financial literacy class. Financial literacy has many definitions, but for this paper, the definition is the understanding about individual or family finances and the application of the skills to make responsible financial decisions (Delgadillo,

One of my purposes is buying a home. I can achieve this purpose best by being discipline in saving my