Overview of ACP Personal Finance

Despite the importance of finance, accounting, and consumer intelligence, these topics are typically neglected in high schools. Unfortunately, personal finance is often learned by trial and error. The problem with this method of learning is that it only takes one costly financial mishap to set you back for years. This is why I created a basic personal finance book for total beginners. With these concepts you can use the other books in the Smart Money series to further build your knowledge of personal finance topics.

1. Describe two examples of important things that financial planning skills can help you do, and explain why

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.

c. Smaller payments mean more time in debt. d. Your lower interest loans also get rolled into the deal so you end up with minimal savings.

Chapter 14 was an interesting read for me because I am a millineall, having been born in 1989. I want to focus on the economic problem for millinialls. College is expensive but graduating with 26,000 dollars in debt plus another 7,000 dollars on credit cards is ridiculous. Neither of my parents are college graduates because they didn't have the money at the time and they pushed me really hard to start taking classes again. Financially it can be hard but finally earning a degree and then having a hard time finding a job and owing over 30,000 dollars is really depressing. I have a friend who has a master in accounting and has had a hard time finding work and he owes over 80 thousand dollars in stident loans. There has to be a way for us to

According to the retired CPA I interviewed, the three most important concepts for a young college student to understand are: (1) Credit History and Credit Scoring, (2) Financing Charges, and (3) the Annual Percentage Rate (APR) of Interest. As they relate to considering which credit card to use, my interview subject suggested that the most important factor is how using that card might affect my credit history in the long term, what the financing charges could be on purchases that are not paid off immediately or very soon after the initial purchase, particularly as a function of the APR.

Hi Elliott, I enjoyed reading your post this week and congratulations on your new job. I wholeheartedly agree that this class has helped in many areas of our personal finances and I believe we need to stay open-minded when listening to other ideas as there may be a better approach. As we know, times are changing, and with that being said, we can expect changes in the way that we must conduct our financial affairs. Another area that you shared with the class was about budgeting and how these spreadsheets have helped. A good example that this brings to mind is my sibling’s situation. He earns much more money than I probably ever will in life, however, he does not have a budget. I have told him numerous times that this would be in his best

We only help customers apply for the loan, consequently in that process people have questions that we can’t answer. For example, will their mortgage be a fix- rate, the term, etc. I honestly can’t stress enough how this chapter helped me understand lending better, moreover helped me apply it to my workplace. On the other hand, General Problem Solving was helpful in more ways than one. Notably, I was able to budget for my next family vacation. As a young college student, we tend not think about the financial side. I know this by talking to a lot people in my age group or that are in college as well. I really wish I took this course before I got car, and wasted my time poorly. Applying general problem solving would have helped me budget better for a car, nevertheless, I would have been able to manage my time more

My favorite class this semester was AP Economics. AP Economics was my favorite class of the semester because it really gave me insight on my feature. My intended major is Business Administration with a concentration of Marketing Management. AP Econ helped me understand my major more because it taught me about the different structures of a market and how buyers and sellers interact. It also showed me that it is not as easy to start a business nor run one. There are many factors to being in business and watching he way the economy interacts with one another. I also enjoyed the environment my teacher created. My teacher is not the average teacher. If he feels the book is not the best way of teaching a chapter, he will relate it to our lives and

There were several things I accomplished from doing this assignment. Learning how to calculate monthly credit card payments along with calculating both annual and monthly interest rates will continue to be helpful. Additionally, I learned how to compare payment options to determine which would be the most beneficial option financially.

While taking the personal finance course this past spring, I learned many valuable lessons that will greatly assist me throughout my life. One lesson I learned is the importance of paying yourself first. To put this into action, I will save money in an emergency fund to have enough money to live comfortably for 3 to 6 months, in case of emergency. Furthermore, this course has taught me the importance of budgeting. Using budgeting, I will make a plan for my money, so I can avoid over drafting and bouncing checks. Another lesson personal finance taught me is to pay all bills and loans on time to develop a good FICO credit score, which is what companies use to evaluate the risk of loaning to an individual. Knowing this information will help me

I found several helpful strategies throughout this course but the ones I found to be most beneficial were the ones on setting goals and managing financial

I have learned so much in this class to prepare me for a successful college experience. There were some topics that caught my attention more than others. Such as, time and stress management, University resources, and critical thinking.

I have learned about ethics and social responsibility. I have learned how to market products and how to market myself for job interviews. I have learned of my own strengths and weaknesses, which helps or hinders me in my goals. I have acquired knowledge about the stock markets and how they work. I gained vast amounts of information about our government operations. In the financial courses, I learned about bills that have been passed, new laws, regulations and programs such as The Troubled Asset Relief Program (TARP), that were established from the 2008 financial crisis. The size

Prior to taking this class, I had very little knowledge on preparing taxes. Throughout the course thus far, I have been able to establish groundwork for building upon in the future. There are many different rules and situations that are treated differently in the tax world. I think I will definitely remember the basics in preparing a tax return, and hopefully some of the other situations such as dealing with a business and/or a hobby. Additionally, I will be able to build upon these ideas in my internship this spring.