Principles of Money Management Logo

Welcome to BUS-121
Principles of Money Management
Fall 2022

Southwestern Community College
Instructor: Frank Paiano


Free-to-Read Textbook: Principals of Financial Management
Seriously! No cost! We mean it! Zero Textbook Cost!
No dough! Nada! Zip! Zilch!

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.



"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.


  *** Principles of Financial Management  Free Text Book! No cost! Seriously! We mean it! ***  

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




Announcements

Announcements   (also available in Canvas)

Week #0 - Presemester Announcement - Video - Audio
    For students enrolled on the roster of BUS-121, Principles of Money Management



Chapter Presentations, Handouts, and Assignments


Part 1:
Planning


Syllabus:
BUS-121-503-504 Online Classes Syllabus - Audio Commentary of Online Classes Syllabus - Long Format  Long format in Canvas
Your Humble Professor Introduces Himself  Look for Video for the video lectures and commentaries.
Your Humble Professor Introduces Himself with just audio -  Look for Audio for the audio lectures and commentaries.
A Guided Tour of the Class Web Site - Audio  Uh, it's what y'er lookin' at right now.
Zoom Room Virtual Office  We will have at least five office hours this semester, typically Thursday nights from 7:00 pm to 7:55 pm.
   Dates:
     First Office Hour: Thursday, August 25th  Let's get acquainted!

Chapter 1:
Personal
Financial
Planning


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 - 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  These calculations are easy once you have done them a few times.
Future Value Tables - (Need for future value calculations)
Future Value Practice 1 - Answer Key  I'm serious! You have to know how to do these calculations!
Future Value Practice 2 - Answer Key  Don't ignore these! They will be on the first exam!

Marriage and Finance
Financial Implications of Marriage
Marriage Killing Issues
Ten Questions to Ask before Getting Married  Complete with beautiful models looking very happy
"Marriage is not a love affair; it is an ordeal"  -- Joseph Campbell

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
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

Chapter 2:
Money
Management
Skills:
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 - Audio

Just one simple change  Write down every transaction! It will lower your spending.
Why do Americans have such a hard time saving money?  It depends upon which Americans you are talking about.
But are we Americans really that bad at savings?  We are better than some other countries and worse than other.

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

Online Audio/Video Lectures
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

Chapter 3:
Taxes and
Tax
Planning


Chapter 3 Materials
Presentation
Study Guide
Assignment - Audio Commentary
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 2023! 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
2021 IRS Form 1040
2021 IRS Form 1040 Schedule A  Itemized Deductions: The Homeowner's Friend (Or at least it used to be)
2021 IRS Form 1040 Schedule 1
2021 IRS Form 1040 Schedule 2
2021 IRS Form 1040 Schedule 3
2021 IRS Form 1040 Schedule EIC - Earned Income Credit
2021 Tax Tables
2021 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
The Carried Interest Tax Loophole  It pays to be rich.

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 and Tax 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, and Strategies

Online Audio/Video Lectures
Chapter 3 - Lecture 1 - Slides 1 to 10    Taxes and Tax 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, and Strategies

Online Audio/Video Lectures on YouTube (Closed captioning available)
Chapter 3 - Lecture 1 - Slides 1 to 10    Taxes and Tax 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, and Strategies


Part 2: Managing

Chapter 4:
Cash
Management:
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
Reconciliation Practice Problem 2 - Check Register Answer Key - Reconciliation Answer Key
Reconciliation Assignment   First 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

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: On (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 ...

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