1. Introduction to Personal Finance

2. Video
13 minutes

3. Key Components of Financial Planning
Asses your situation; (income, assets and liabilities).
Set money goals.
Write out detailed plans for accomplishing your goals.
This begins with a budget.
Know your money habits. Are you a spender or a saver?
Replace money myths with money truths.

4. History of Credit and Consumerism
1917-Credit thought to be foolish and a form of “semi-slavery”. Was not very common because it was against the law.
1920-Consumer demand for higher priced items fuels a change in credit laws.
1929-In an attempt to pull America out of the “Great Depression” the “ is “New Deal”. This included FHA and FDIC policies which again loosened the credit laws.
1945-Post WWII was a time of prosperity and economic growth. Borrowing increased as most Americans believed this growth would continue.
1970 to Present-Consumer debt is a normal part of American life and has reached an all time high. Americans owe over $11.74 trillion for the following.

5. Today's American Reality
Credit and Debt has become a way of life with many owing more then they are worth.
$882.6 billion in credit card debt
$8.14 trillion in mortgages
$1,128.7 billion in student loans
Personal Finance is 20% knowledge and 80% behavior. What does that mean?

6. Game Of Chance (you will need dice)
Activity
Game Of Chance (you will need dice)