Welcome to BUS-121
Financial Planning & Money Management
Fall 2020

Southwestern Community College
Instructor: Frank Paiano


Most all the documents are presented via Google Docs. You should be able to read the documents on any device. Very cool!

You can use [File] [Download as] to download the documents into Word or OpenOffice format. Or you can use [File] [Make a copy] to make your own Google Docs file. (Please don't ask for [Edit] rights. Make your own copy and edit the copy.)

If your device says that the document could not be read, try updating your mobile device Google Docs app or updating your PC, Mac, or Linux browser. The problem may also be that you are not connected to the Internet. Try again when you have Internet access.

You, too, can use Google Docs. It is free and allows you to manipulate your documents on your desktop or laptop computer or your mobile device. Plus they will give you several gigabytes of free storage. Even more cool!

Try it at http://www.google.com/docs

Getting Started with Google Drive and Docs

Note: You must download or make a copy of these documents in order to edit them. Please do not request [Edit] access as they are the originals and can only be edited by me.

Announcements and class material begin below. Keep scrolling.



Vote this November 3rd!


A name that will live in infamy   Lock him up! Lock him up! Lock him up!
Republicans for the Rule of Law   Finally, the Republican Party is coming to grips with this monster
The Lincoln Project   Awesome advertisements designed to show that there are countless Reponsible Republicans
Republican Voters Against Trump   More Reponsible Republicans!
Meidas Touch   Three brothers on a mission!

"The moral arc of the universe in long, but it bends toward justice." -- Martin Luther King, Jr.

"This country is so fundamentally strong it can survive its leaders." -- Louis Rukeyser

Is the American republic built to withstand a malevolent president?
Same arguments used during Fascism in the 1930's and 1940's.


  *** Text Book Information at the Bottom of the Page ***  

Yes, yes, I know. This web page looks intimidating. "All those links!"
Relax. Much of it is duplicated. (In the case of the presentations, quaduplicated!)
Just get started and remember to work on the class material an hour each day.

Psst! Listen to the syllabus commentary before you buy the book.
Do you really need the book? Hmmm?
(Hint, hint. Wink, wink. Nudge, nudge.)




Announcements

Announcements   (also available in Canvas)

Week #5 – After the First Exam – Chapters 4 (Banking) and 5 (Credit!) - Video - Video (CC) - Audio
    Due: Chapter 3 Assignment, Financial Statements Discussion Forum

Week #4 – Finishing Chapter 3 on Taxes – Exam #1, Chapter 2 Assignment, and Marriage and Finance Forum - Video - Video (CC) - Audio
    Due: Exam #1, Chapter 2 Assignment, Marriage and Finance Discussion Forum
Week #3 - Taxes! - Chapter 1 and Savings 10% Discussion Forum Posts Due - Exam #1 Next Week - Video - Video (CC) - Audio
    Due: Chapter 1 Assignment, Saving 10% Discussion Forum, Exam 1 next week
Week #2 - Chapter 2 on Money Management and Financial Statements – Goal Setting Discussion Forums - Video - Video (CC) - Audio
    Due: Goal Setting Discussion Forum
Week #1 - Introduction and Welcome to BUS-121, Financial Planning & Money Management, for Fall 2020 - Video - Video (CC) - Audio
    Due: Please Introduce Yourself and "If I had a million dollars, I would ..." Discussion Forums
Week #0 - Presemester Announcement  For students enrolled on the roster of BUS-121, Financial Planning and Money Management
Week #0 - Presemester Announcement  For students on the waiting list of BUS-121, Financial Planning and Money Management
    Video - Video (CC) - Audio



Chapter Presentations, Handouts, and Assignments


Part 1:
Planning
Your
Personal
Finances


Syllabus:
BUS-121-502-503 Online Classes Syllabus - Audio Commentary of Online Classes Syllabus - Long Format  Long format in Canvas
Your Humble Professor Introduces Himself
Your Humble Professor Introduces Himself (Closed Captioned) -  Look for Video (CC) for the closed captioned videos.
Your Humble Professor Introduces Himself with just audio -  Look for Audio for the audio commentaries.
A Guided Tour of the Class Web Site - Video (CC) - Audio  Uh, it's what y'er lookin' at right now.
Zoom Room Virtual Office  We will have at least six this semester, typically Thursday nights from 7:00 pm to 7:50 pm.

Chapter 1:
Personal
Financial
Planning
in Action


Chapter 1 Materials
Presentation  Every chapter has a presentation that can be read with PowerPointless, Open Office, Libre Office, or Google Docs
Study Guide - Video - Video CC) - Audio  Discussion of the chapter study guides and how to use Google Docs
Assignment - Commentary
Rubric for Goals Assignment - Commentary  
Discussion Forums Assignment - Commentary
  Add your picture to the discussion boards!  We want to see your smiling face!

Chapter 1 Bonus Assignments -- Fun! (All these were done by your fellow students!)
Bonus Assignment / Extra Credit - Examples: 0 1 2 3 4 5 6 7 8 9 10 11 12 Commentary   Have fun!
   Say No To Tobacco    New Hit Song Sweeping The Nation!
   Cool Video    Check it out!

How to Submit Assignments - Commentary

Awesome Goal Setting Example and Great Quotes
Awesome goal setting example from the South Bay  14-year-old creates a goal and accomplishes it 10 years later
  And the community steps forward to help
Twelve great quotes about finance

Future Value Handouts and Tables  Future value problems will be on exam #1. Study these worksheets!
Future Value Worksheet - Commentary - Answer Key
Future Value Tables - (Need for future value calculations)
Future Value Practice 1 - Answer Key
Future Value Practice 2 - Answer Key

Marriage and Finance
Marriage and Finance
Ten Questions to Ask before Getting Married  Complete with beautiful models looking very happy

Online Audio Lectures (MP3 format which can be downloaded to mobile device or CD.)
Chapter 1 - Lecture 1 - Slides 1 to 18    Introduction: Personal Financial Planning
Chapter 1 - Lecture 2 - Slides 19 to 39    Goal Setting & the Time Value of Money
Chapter 1 - Lecture 3 - Slides 40 to 47    Financial Aspects of Career Planning

Online Audio/Video Lectures (Apple mobile users: Search "BUS121" in iTunes.)
Chapter 1 - Lecture 1 - Slides 1 to 18    Introduction: Personal Financial Planning
Chapter 1 - Lecture 2 - Slides 19 to 39    Goal Setting & the Time Value of Money
Chapter 1 - Lecture 3 - Slides 40 to 47    Financial Aspects of Career Planning

Online Audio/Video Lectures on YouTube (Closed captioning available)
Chapter 1 - Lecture 1 - Slides 1 to 18    Introduction: Personal Financial Planning
Chapter 1 - Lecture 2 - Slides 19 to 39    Goal Setting & the Time Value of Money
Chapter 1 - Lecture 3 - Slides 40 to 47    Financial Aspects of Career Planning

Online Audio/Video Lectures on iTunes
Scroll to individual presentations    (iTunes does not allow direct links to the presentations. Sorry.)

Online Audio/Video Lectures on 3CMediaSolutions (Excellent closed captioning available)
Chapter 1 - Lecture 1 - Slides 1 to 18    Introduction: Personal Financial Planning
Chapter 1 - Lecture 2 - Slides 19 to 39    Goal Setting & the Time Value of Money
Chapter 1 - Lecture 3 - Slides 40 to 47    Financial Aspects of Career Planning

Chapter 2:
Money
Management
Strategy:
Financial
Statements
and
Budgeting


Chapter 2 Materials
Presentation
Study Guide
Assignment - Audio Commentary
Financial Statements Practice - Answer Key  Very similar to questions on exam #1
Financial Statements Practice On Your Own

Creating a Good Password: Good - Better - Best
Creating a Good PIN

Computer Laboratory: Financial Statements
Excel Spreadsheet - Google Spreadsheet - Video - Video (CC) - Audio

Just one simple change  Write down every transaction! It will lower your spending.
Why do American have such a hard time saving money?  We save far less than other developed countries. Why?

Online Audio Lectures
Chapter 2 - Lecture 1 - Slides 1 to 14    Money Management & Financial Statements

Online Audio/Video Lectures (Apple mobile users: Search "BUS121" in iTunes.)
Chapter 2 - Lecture 1 - Slides 1 to 14    Money Management & Financial Statements

Online Audio/Video Lectures on YouTube (Closed captioning available)
Chapter 2 - Lecture 1 - Slides 1 to 14    Money Management & Financial Statements

Online Audio/Video Lectures on 3CMediaSolutions (Excellent closed captioning available)
Chapter 2 - Lecture 1 - Slides 1 to 14    Money Management & Financial Statements

Chapter 3:
Taxes in
Your
Financial
Plan


Chapter 3 Materials
Presentation
Study Guide
Assignment - Audio Commentary
Supplemental Form 1040 Tax Assignment - Form 1040 - Schedule 1  (Similar to First and Second Income Tax Exercises below)
VITA - Volunteer Income Tax Assistance at Southwestern  Aye! Covid-19 killed this program in Spring 2020. Let's hope we will be back in Spring 2021! You can volunteer and get college credit!

After Tax Worksheet - Commentary - Answer Key  (Lecture #1)

Tax Returns
First Income Tax Exercise (Use with Lecture #2) - Schedule 1 (IRA & student loan deductions) - Schedule A (Itemized deductions)
Second Income Tax Exercise Instructions  (Similar to First Income Tax Exercise and Supplemental Form 1040 Assignment above)
   Form 1040 - Schedule 1 - Form 1040 Answer Key - Schedule 1 Answer Key

IRS Web Site and Forms
www.irs.gov  Please use IRS web site for your research questions
2019 IRS Form 1040
2019 IRS Form 1040 Schedule A  Itemized Deductions: The Homeowner's Friend (Or at least it used to be)
2019 IRS Form 1040 Schedule 1
2019 IRS Form 1040 Schedule 2
2019 IRS Form 1040 Schedule 3
2019 IRS Form 1040 Schedule EIC - Earned Income Credit
2019 Tax Tables
2019 IRS Form 1040 Instructions
Publication 17 - Espanol  Publication 17 is a very popular and thorough guide to most all tax returns

Tax Cuts of 2017
It's Even Worse than You Heard
The Rich Get Richer
Tax Cuts Benefit the Ultra Rich, Not the Merely Rich
How the tax cuts will affect you
It's Official: The Tax Cuts Were a Bust

The Mysterious Case of the 7 Million Missing Children

IRS Audits and Appeals
How Do IRS Audits Work?
Doing Battle with the IRS
How far back can the IRS audit you?
The IRS can revoke your passport!? Yep!

Online Audio Lectures
Chapter 3 - Lecture 1 - Slides 1 to 10    Taxes & Financial Planning; How Much Does It Really Cost?
Chapter 3 - Lecture 2 - Slides 11 to 32    A Typical Homeowner's Form 1040
Chapter 3 - Lecture 3 - Slides 33 to 50    Tax Resources, Audits, & Strategies

Online Audio/Video Lectures (Apple mobile users: Search "BUS121" in iTunes.)
Chapter 3 - Lecture 1 - Slides 1 to 10    Taxes & Financial Planning; How Much Does It Really Cost?
Chapter 3 - Lecture 2 - Slides 11 to 32    A Typical Homeowner's Form 1040
Chapter 3 - Lecture 3 - Slides 33 to 50    Tax Resources, Audits, & Strategies

Online Audio/Video Lectures on YouTube (Closed captioning available)
Chapter 3 - Lecture 1 - Slides 1 to 10    Taxes & Financial Planning; How Much Does It Really Cost?
Chapter 3 - Lecture 2 - Slides 11 to 32    A Typical Homeowner's Form 1040
Chapter 3 - Lecture 3 - Slides 33 to 50    Tax Resources, Audits, & Strategies

Online Audio/Video Lectures on 3CMediaSolutions (Excellent closed captioning available)
Chapter 3 - Lecture 1 - Slides 1 to 10    Taxes & Financial Planning; How Much Does It Really Cost?
Chapter 3 - Lecture 2 - Slides 11 to 32    A Typical Homeowner's Form 1040
Chapter 3 - Lecture 3 - Slides 33 to 50    Tax Resources, Audits, & Strategies


Part 2: Managing Your Personal Finances

Chapter 4:
Savings
and
Payment
Services


Chapter 4 Materials
Presentation
Study Guide
Assignment - Audio Commentary

Reconciliation Worksheet  The reconciliation worksheet is used for the checkbook reconciliation problems.
Reconciliation Practice Problem 1 - Check Register Answer Key - Reconciliation Answer Key
  Presentation: Video - Video (CC) - Audio
Reconciliation Practice Problem 2 - Check Register Answer Key - Reconciliation Answer Key
Reconciliation Assignment   (Part of the chapter 4 assignment)

CheckBook Spreadsheets
CheckBook1: Excuse - Google Docs  Spreadsheets make check reconciliation much easier
CheckBook2: Expel - Google Docs  Demonstrates another method to reconcile practice problem #1
  Presentation: Video - Video (CC) - Audio

Being Poor Ain't Cheap
It is expensive being poor and "unbanked"  This family shows you why
As explained by the author of Nickel and Dimed: One (Not) Getting By in America
Why it costs so much to be poor
Why 56 million Americans have no bank account  Some research that shows for the poor, banks are more expensive than loan-until-payday outlets
American Can't Fix Poverty Until It Stops Hating Poor People  From the American Enterprise Institute, a conservative think tank
Poverty really is the result of a state of mind ... among rich people
A very good reason not to hide your money at home  One of many, by the way ...

Online Audio Lectures
Chapter 4 - Lecture 1 - Slides 1 to 8    Savings and Payment Services

Online Audio/Video Lectures (Apple mobile users: Search "BUS121" in iTunes.)
Chapter 4 - Lecture 1 - Slides 1 to 8    Savings and Payment Services

Online Audio/Video Lectures on YouTube (Closed captioning available)
Chapter 4 - Lecture 1 - Slides 1 to 8    Savings and Payment Services

Online Audio/Video Lectures on 3CMediaSolutions (Excellent closed captioning available)
Chapter 4 - Lecture 1 - Slides 1 to 8    Savings and Payment Services

Chapter 5:
Consumer
Credit:
Advantages,
Disadvantages,
Sources,
and Costs


Chapter 5 Materials
Presentation
Study Guide
Assignment - Commentary
Interest Calculation Worksheet - Commentary - Answer Key

Annual Credit Report One free credit report each year from each of the three credit bureaus
Annual Credit Report FAQ
Credit Solicitations - Video - Video (CC) - Audio
Credit Solicitation Images - Video - Video (CC) - Audio
The rewards (and pitfalls) of being a Loyal, Obedient Member of the Benevolent Machine
Credit Card Marketed to Students  Free Cell Phone Insurance! Yippee!
Here's what happens when you miss a credit card payment  Plus why do many people miss their credit card payments? "Uh, I forgot."
Just one simple change  and it lowered my spending.
Paying With Cash Helps You Save  It Also Can Give You More Joy.

WalletHub.com asked me to answer some questions about credit cards and they published the answers
Yours Truly is an Expert?   Scroll down past the credit card advertisements to see my responses.

Tales from the Credit Card House of Horrors - Commentary
Husband got secret credit cards and maxed them out   What's the most important financial decision you will ever make?
Debt Consolidation Loan  Roll all your credit cards into a debt consolidation loan ... and then run up your credit cards all over again!
LA Times: Statute of Limitations on Being Sued for a Debt
CreditCard.com: Statute of Limitations on Being Sued for a Debt  The debt is then "time-barred."

How is your FICO score calculated?
Yes, Credit Cards Are Making You a Bad Person
The Dark Side of Debt Collection   Aye! This is some really scary stuff!
$36 worth of Girl Scout Cookies!?   A debt collector goes after someone for $36 worth of cookies he did not buy

A High Credit Score is a Predictor of What?!   Couples with higher credit scores report healthier and happier relationships
You think your student loan balance is bad?   How would you like a $210,000 student loan balance?

Online Audio Lectures
Chapter 5 - Lecture 1 - Slides 1 to 34    Introduction to Credit; Credit Cards and HELOCs; Credit Capacity
Chapter 5 - Lecture 2 - Slides 35 to 66    Credit Scores; Identity Theft; Credit Problems & Bankruptcy

Online Audio/Video Lectures (Apple mobile users: Search "BUS121" in iTunes.)
Chapter 5 - Lecture 1 - Slides 1 to 34    Introduction to Credit; Credit Cards and HELOCs; Credit Capacity
Chapter 5 - Lecture 2 - Slides 35 to 66    Credit Scores; Identity Theft; Credit Problems & Bankruptcy

Online Audio/Video Lectures on YouTube (Closed captioning available)
Chapter 5 - Lecture 1 - Slides 1 to 34    Introduction to Credit; Credit Cards and HELOCs; Credit Capacity
Chapter 5 - Lecture 2 - Slides 35 to 66    Credit Scores; Identity Theft; Credit Problems & Bankruptcy

Online Audio/Video Lectures on 3CMediaSolutions (Excellent closed captioning available)
Chapter 5 - Lecture 1 - Slides 1 to 34    Introduction to Credit; Credit Cards and HELOCs; Credit Capacity
Chapter 5 - Lecture 2 - Slides 35 to 66    Credit Scores; Identity Theft; Credit Problems & Bankruptcy


Part 3: Making Your Purchasing Decisions

Chapter 6:
Consumer
Purchasing
Strategies
and
Wise
Buying
of
Motor
Vehicles


Chapter 6 Materials
Presentation
Study Guide
Assignment - Audio Commentary
Example of bar chart bonus point  At Donovan Prison, they have to be creative. No computers!
Bonus Extra Credit Assignment: Television - Commentary  So, how much television do you watch? Hmmm?
Bonus Extra Credit Assignment: Football - Commentary  So, how much do the football players actually play the game? Hmmm?
I'd Like Some More Things, Please!  Can you list every single item you own? We have too much!

Consumerism
The High Price of Materialism
An hour of TV takes 22 minutes from your life!
The woman is the beer!
Obituary for Author of "The Millionaire Next Door"
The High Cost of Being Poor
America's Light Bulb Revolution

Bikes!
San Diego Bike Coalition  Come join us! We have too much fun volunteering!
It's amazing what you can do with a bike
High gas prices got you down? Fight back!
Portland Bike Move  Moving by bike is part of the culture in Portland, Oregon

Cars
Car Ownership Costs - Commentary - Answer Key
AAA Your Driving Costs - Brochure
AAA accompanying article about driving costs
Five car loan mistakes that can cost you money
Our Addiction - Our Neverending Thirst
What determines gas prices?
You want the price of gas to fall?  Stop buying it!
How do you get young people to stop texting & driving?  Make 'em do it to pass the driving exam!

Drunk Driving
If you get pulled over for drunk driving, you had better be loaded!
"Osiffer, I'm not as thunk as you drink I am."
Take the Pledge! Never drink & drive
Confession: I killed a man

Online Audio Lectures
Chapter 6 - Lecture 1 - Slides 1 to 44    Consumerism
Chapter 6 - Lecture 2 - Slides 44 to 68    Cars! Culture of Consumption Scandal #1

Online Audio/Video Lectures (Apple mobile users: Search "BUS121" in iTunes.)
Chapter 6 - Lecture 1 - Slides 1 to 44    Consumerism
Chapter 6 - Lecture 2 - Slides 44 to 68    Cars! Culture of Consumption Scandal #1

Online Audio/Video Lectures on YouTube (Closed captioning available)
Chapter 6 - Lecture 1 - Slides 1 to 44    Consumerism
Chapter 6 - Lecture 2 - Slides 44 to 68    Cars! Culture of Consumption Scandal #1

Online Audio/Video Lectures on 3CMediaSolutions (Excellent closed captioning available)
Chapter 6 - Lecture 1 - Slides 1 to 44    Consumerism
Chapter 6 - Lecture 2 - Slides 44 to 68    Cars! Culture of Consumption Scandal #1

Text Book

Here are links to venders who sell or rent our text book: "Focus on Personal Finance"
The text book is also available at the college book store as well as numerous other outlets.
It should also be available as an on-line text book.
You can use any of the editions below. They are all basically the same. Required assignments are on this class web site
Only optional and recommended assignments are taken from the book. You can find similar assignments in any of the editions.
DISCLAIMER: I receive NO COMMISSION, KICKBACK, REMUNERATION, ETC. from any of these venders.
Do not complain to me if they turn out to be superflakes (or worse) who lose your order twice (or try to rip you off).
Personally, I am very wary of buying products via the Internet and I very rarely do so. Good Luck!
Focus on Personal Finance -- 5th Edition
Amazon: http://www.amazon.com/Personal-Finance-Mcgraw-Hill-Series-Insurance/dp/0077861744/ref=dp_ob_title_bk
Chegg.com: http://www.chegg.com/etextbooks/focus-on-personal-finance-5th-edition-9781259355240-1259355241?trackid=7abab35c&strackid=6c68188d&ii=5
Focus on Personal Finance -- 4th Edition
Amazon: http://www.amazon.com/Focus-Personal-Finance-Successful-McGraw-Hill/dp/0078034787/ref=sr_1_1?s=books&ie=UTF8&qid=1462473020&sr=1-1&keywords=Focus+on+Personal+Finance+4th
Chegg.com: http://www.chegg.com/textbooks/focus-on-personal-finance-4th-edition-9780078034787-0078034787?trackid=73073f53&strackid=6c68188d&ii=1
Focus on Personal Finance -- 3rd Edition
Amazon: http://www.amazon.com/Personal-Finance-Kapoor-Dlabay-Paperback/dp/B009O3FZ5Y/ref=sr_1_1?s=books&ie=UTF8&qid=1462473106&sr=1-1&keywords=Focus+on+Personal+Finance+3rd
Chegg.com: http://www.chegg.com/textbooks/focus-on-personal-finance-3rd-edition-9780073382425-0073382426?trackid=2fb37bd6&strackid=6c68188d&ii=11
Focus on Personal Finance -- 2nd Edition
Amazon: http://www.amazon.com/Personal-Finance-Mcgraw-Hill-Insurance-Estate/dp/0073530638/ref=pd_bbs_sr_1?ie=UTF8&s=books&qid=1216955819&sr=8-1
Chegg.com: http://www.chegg.com/textbooks/focus-on-personal-finance-2nd-edition-9780073530635-0073530638?trackid=d9j3HAJh&ii=1&om_ss=1

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