BUS-121 - Financial Planning & Money Management
Summer 2018

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 are also to download the documents into a PDF or Word or OpenOffice or Rich Text Format file. Also very cool!

However, if your device says that the document could not be read or you are possibly not connected to the Internet, try updating your mobile device Google Docs app or updating your PC, Mac, or Linux browser.

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. Again, very cool!

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

Getting Started with Google Drive and Docs

Announcements and class material begin below. Keep scrolling.



Be not afraid.

"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 as 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.




First Exam

Remember: We move twice as fast during the summer!

First Exam
BUS-121-501 Online Exam #1: Chapters 1, 2, and 3
 Chapter 1: Personal Financial Planning in Action
 Chapter 2: Money Management Strategy: Financial Statements and Budgeting
 Chapter 3: Taxes in Your Financial Plan
Wednesday, June 20th, to Saturday, June 23rd



Announcements

Announcements   (also available in Canvas)

Week #2 - Chapter 3 on Taxes – Exam 1 This Week – Chapters 1, 2, and 3 Assignments and Discussion Forum Posts Due This Week - Video - Video (CC) - Audio
    Due: This Week: Exam #1, Chapter 1, 2, & 3 Assignments, Goals and Savings 10% Discussion Forum

Week #1½ – Study chapter 1 and chapter 2 by the end of this week – Assignments, Exam #1, and Discussion Forums due next week - Video - Video (CC) - Audio
    Due: "If I had million dollars, ..." discussion forums; Next Week: Chapter 1, 2, & 3 Assignments, and Goals and Saving 10% discussion forums, Exam #1
Week #1 - Introduction and Welcome to BUS-121, Financial Planning and Money Management, for Summer 2018 - Video - Video (CC) - Audio
    Due: Please Introduce Yourself and "If I had million dollars, ..." 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



Chapter Presentations, Handouts, and Assignments


Part 1: Planning Your Personal Finances

Chapter 1:
Personal Financial Planning
in Action


Syllabus:
BUS-121-501 Online Class 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, the class web site is what y'er lookin' at right now.



Chapter 1 Materials
Presentation  Every chapter has a presentation that can be read with Powerpoint, Open Office, Libre Office, or Google Docs.
Study Guide - Video Commentary - Video Commentary (CC) - Audio Commentary
Assignment - Audio 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!
Bonus Assignment / Extra Credit - Examples: 0 1 2 3 4 5 6 7 8 9 10 11 Commentary   Chapter 1 Bonus Assignment -- Have fun!   
   Say No To Tobacco    New Hit Song Sweeping The Nation!

How to Submit Assignments - Commentary

Marriage and Finance

Future Value Handouts and Tables
Future Value Handout - Commentary - Answer Key
Future Value Tables - (Need for future value calculations)
Future Value Practice - Answer Key
Future Value Practice - On Your Own

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 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
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

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 - PDF File   (Similar to First and Second Income Tax Exercises)

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

Tax Returns
First Income Tax Exercise - Schedule A  (Use with Lecture #2)
Second Income Tax Exercise Instructions - 1040 PDF File - Commentary - Answer Key
1040EZ Example - Commentary

IRS Web Site and Forms
www.irs.gov  Please use IRS web site for your research questions
2017 IRS Form 1040
2017 IRS Form 1040 Schedule A
2017 IRS Form 1040EZ
2017 Tax Tables
2017 IRS Form 1040 Instructions
Publication 17  Publication 17 is a very popular and thorough guide to most all tax returns

Tax Cuts of 2017
The Rich Get Richer
Tax Cuts Benefit the Ultra Rich, Not the Merely Rich
How the tax cuts will affect you

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 12    Taxes & Financial Planning; How Much Does It Really Cost?
Chapter 3 - Lecture 2 - Slides 13 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 12    Taxes & Financial Planning; How Much Does It Really Cost?
Chapter 3 - Lecture 2 - Slides 13 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 12    Taxes & Financial Planning; How Much Does It Really Cost?
Chapter 3 - Lecture 2 - Slides 13 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 12    Taxes & Financial Planning; How Much Does It Really Cost?
Chapter 3 - Lecture 2 - Slides 13 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
CheckBook2: Expel - Google Docs  Demonstrates another method to reconcile practice problem #1
  Presentation: Video - Video (CC) - Audio

It is expensive being poor and "unbanked"  This family shows you why
Why 56 million Americans have no bank account  Some research that shows for the poor, banks are more expensive than loan-until-payday outlets
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 - Audio 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 Commentary - Video Commentary (CC) - Audio Commentary
Credit Solicitation Images - Video Commentary - Video Commentary (CC) - Audio Commentary
The rewards (and pitfalls) of being a Loyal, Obedient Member of the Benevolent Machine

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?
10 Reasons I Am Canceling My Credit Cards
Yes, Credit Cards Are Making You a Bad Person
The Dark Side of Debt Collection   Aye! This is some really scary stuff!
The $2,400 debt that would not die!
$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
How Much Debt Does Each Generation Carry?   Scroll down to see the median debt levels for each generation
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 67    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 67    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 67    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 67    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?
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

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!
Disaster Relief Race  In an emergency where roads are impassable, a bike is literally a lifesaver.
Portland Bike Move  Moving by bike is part of the culture in Portland, Oregon

Cars
Car Ownership Costs - Answer Key
AAA Your Driving Costs
AAA accompanying article about driving costs
Five car loan mistakes that can cost you money
Our Addiction - Our Neverending Thirst
Tips for saving gas
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

Chapter 7:
Selecting and
Financing Housing


Chapter 7 Materials
Presentation
Study Guide
Assignment - Comparing Mortgages Assignment - Audio Commentary   Please review Mortgage Exercises Worksheet below
Mortgage Exercises Worksheet - Audio Commentary - Mortgage Exercises Answer Key
   Presentation: Video - Video (CC) - Audio

Mortgages
Mortgage Amortization Table
Monthly Resets of Optional ARM Mortgages - Video - Video (CC) - Audio  Beware the Option ARM!
Mortgage Rates versus Points - Video - Video (CC) - Audio  "Pay us now or pay us later!"
Example HUD Final Settlement Document

Presentation: How much is your home worth? - Video - Video (CC) - Audio
   Maybe finally it is getter close to what it was worth 10 years ago! Or maybe not.
Zillow - Trulia - Redfin

Some reverse mortgages are pushing some seniors out of their homes
Million-Dollar Mega-Flop  One of the worst examples of the bursting of the housing bubble
HOA Horror Story
A Landlord's Horror Story
Very strange solicitation    Saw an advertisement for these folks on a bus just a day ago ...

How 'bout some good news for a change?
Foreclosure activity continues to dwindle  But still above pre-Great Recession levels

Property Manager Steals Rent Money  Make sure you receive a receipt for your rent payment every month!

Online Audio Lectures
Chapter 7 - Lecture 1 - Slides 1 to 18    Housing, Renting versus Owning
Chapter 7 - Lecture 2 - Slides 19 to 35    Home Buying Process, Mortgage Calculations

Online Audio/Visual Lectures (Apple mobile users: Search "BUS121" in iTunes.)
Chapter 7 - Lecture 1 - Slides 1 to 18    Housing, Renting versus Owning
Chapter 7 - Lecture 2 - Slides 19 to 35    Home Buying Process, Mortgage Calculations

Online Audio/Video Lectures on YouTube (Closed captioning available)
Chapter 7 - Lecture 1 - Slides 1 to 18    Housing, Renting versus Owning
Chapter 7 - Lecture 2 - Slides 19 to 35    Home Buying Process, Mortgage Calculations

Online Audio/Video Lectures on 3CMediaSolutions (Excellent closed captioning available)
Chapter 7 - Lecture 1 - Slides 1 to 18    Housing, Renting versus Owning
Chapter 7 - Lecture 2 - Slides 19 to 35    Home Buying Process, Mortgage Calculations

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
Half.com: http://product.half.ebay.com/Focus-on-Personal-Finance-An-Active-Approach-to-Help-You-Achieve-Financial-Literacy-by-Robert-J-Hughes-Jack-R-Kapoor-Melissa-M-Hart-and-Les-R-Dlabay-2015-Paperback/206597696&tg=info
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
Half.com: http://product.half.ebay.com/Focus-on-Personal-Finance-An-Active-Approach-to-Help-You-Develop-Successful-Financial-Skills-by-Jack-Kapoor-Robert-J-Hughes-and-Les-Dlabay-2012-Paperback/143664068&tg=info
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
Half.com: http://product.half.ebay.com/Focus-on-Personal-Finance-by-Jack-Kapoor-Robert-J-Hughes-and-Les-Dlabay-2009-Paperback/103083266&tg=info
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
Half.com: http://product.half.ebay.com/Focus-on-Personal-Finance_W0QQprZ60710344QQtgZinfo
Chegg.com: http://www.chegg.com/textbooks/focus-on-personal-finance-2nd-edition-9780073530635-0073530638?trackid=d9j3HAJh&ii=1&om_ss=1

Back