Welcome to BUS-121
Principles of Money Management
Fall 2024

Southwestern Community College
Instructor: Frank Paiano

Welcome Students from Professor Greenwald's Class.
We are glad you are here with us.

"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 Money 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.

Part 1: Planning	Syllabus: BUS-121-601 Hybrid Class Syllabus - Audio Commentary of 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. Office: 61A-104B, Chula Vista Campus (No classes at the Chula Vista Campus this semester.)  There will be at least eighteen office hours. If these times are not good for you, we can schedule one when it is convenient for you. Zoom Room Virtual Office Hours Thursday nights from 7:00 pm to 7:55 pm      Thursday, August 29th, 7:00 to 7:55 pm (first week of semester)      Thursday, September 19th, 7:00 to 7:55 pm (coincide with exam #1)      Thursday, October 17th, 7:00 to 7:55 pm (coincide with exam #2)      Thursday, October 31st, 7:00 to 7:55 pm (coincide with exam #3)      Thursday, November 21st, 7:00 to 7:55 pm (coincide with exam #4)      Thursday, December 5th, 7:00 to 7:55 pm (coincide with final exam) Saturday mornings from 11:00 am to 11:55 am      Saturday, August 31st, 11:00 to 11:55 am (first week of semester)      Saturday, September 21st, 11:00 to 11:55 am (coincide with exam #1)      Saturday, October 18th, 11:00 to 11:55 am (coincide with exam #2)      Saturday, November 2nd, 11:00 to 11:55 am (coincide with exam #3)      Saturday, November 23rd, 11:00 to 11:55 am (coincide with exam #4)      Saturday, December 7th, 11:00 to 11:55 am (coincide with final exam) Wednesday afternoons from 4:00 pm to 4:55 pm, online via Virtual Office and in Tijuana      Wednesday, October 2nd, 4:00 to 4:55 pm (conincide with exam #1 of twelve-week hybrid class)      Wednesday, October 9th, 4:00 to 4:55 pm (third week of twelve-week hybrid class)      Wednesday, October 16th, 4:00 to 4:55 pm (coincide with exam #2 of twelve-week hybrid class)      Wednesday, October 30th, 4:00 to 4:55 pm (coincide with exam #3 of twelve-week hybrid class)      Wednesday, November 27th, 4:00 to 4:55 pm (coincide with exam #4 of twelve-week hybrid class)      Wednesday, December 4th, 4:00 to 4:55 pm (coincide with final exam of twelve-week hybrid class) Please let me know what days and times are good for you and we will schedule an office hour for you.
Chapter 1: Personal Financial Planning	Chapter 1: Personal Financial Planning 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 Ten Valuable Life Skills  Awesome Ideas for your Non-Financial Goal 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: Money Management Skills: Financial Statements and Budgeting 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 Financial Statements: Cash Flow Statement and Net Worth Statement 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 others. 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: Taxes and Tax Planning 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  Plan to volunteer for VITA in January 2025! You can get college credit! After Tax Worksheet - Commentary - Answer Key  (Lecture #1) Tax Return Exercises 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 - Form 1040 Answer Key    Schedule 1 - Schedule 1 Answer Key    Schedule A Example    Walkthrough: Video - Audio IRS Web Site and Forms www.irs.gov  Please use IRS web site for your research questions 2023 IRS Form 1040 2023 IRS Form 1040 Schedule A  Itemized Deductions: The Homeowner's Friend (Or at least it used to be) 2023 IRS Form 1040 Schedule 1 2023 IRS Form 1040 Schedule 2 2023 IRS Form 1040 Schedule 3 2023 IRS Form 1040 Schedule EIC - Earned Income Credit 2023 Tax Tables 2023 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: Cash Management: Savings and Payment Services Presentation Study Guide Assignment - Audio Commentary Reconciliation Assignment   First part of the chapter 4 assignment 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 - Audio Reconciliation Practice Problem 2 - Check Register Answer Key - Reconciliation Answer Key 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 - 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: 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 ... Online Audio Lectures Chapter 4 - Lecture 1 - Slides 1 to 8    Savings and Payment Services Online Audio/Video Lectures 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
Chapter 5: Consumer Credit	Chapter 5: Consumer Credit 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 Card Solicitations - Video - Audio Credit Card Solicitation Images - Video - 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. Credit Card Debt is Not Only Bad for Your Finances  It Also Hurts Your Health. I charged nearly $20,000 to my credit card to help my sister buy a card, all for the points  Ah, did you have the cash to pay it off? If not, those points are gonna' cost you dearly! 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 Here is BankRate.com's take on how long a debt collector can pursue old debt  BankRate.com actually asked me to put this link here. They must think highly of Southwestern, eh? 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    Consumer Credit; Credit Cards and HELOCs; Credit Capacity Chapter 5 - Lecture 2 - Slides 35 to 66    Credit Scores; Identity Theft; Credit Problems and Bankruptcy Online Audio/Video Lectures Chapter 5 - Lecture 1 - Slides 1 to 34    Consumer Credit; Credit Cards and HELOCs; Credit Capacity Chapter 5 - Lecture 2 - Slides 35 to 66    Credit Scores; Identity Theft; Credit Problems and Bankruptcy Online Audio/Video Lectures on YouTube (Closed captioning available) Chapter 5 - Lecture 1 - Slides 1 to 34    Consumer Credit; Credit Cards and HELOCs; Credit Capacity Chapter 5 - Lecture 2 - Slides 35 to 66    Credit Scores; Identity Theft; Credit Problems and Bankruptcy