Personal Finances Curriculum
Personal finance curriculum ought to be a part of every high school freshman's education across the country. The reason is simple; money doesn't grow inside ATMs and credit is for emergencies. Maybe the reader knew that but most fourteen year olds don't have a clue. This is all drop dead serious stuff because seventy percent of all Americans are living pay check to pay check and have no appreciable savings to cover emergency situations. When people begin to think that one hundred dollar athletic shoes are the norm and paying four fifty for a cup of coffee is a bargain, there are serious issues to be dealt with and the answer is a personal finance curriculum in place long before high school has ended.
Take first the crafting of a personal budget. For many people, the word budget means something cheap, like a car rental or a hotel. A budget is a guide, a measuring tool to keep expenditures in line without using credit. A personal budget is a watchdog over wasteful spending and disciplined savings and helps a person understand just how much or little is being made each month. The budget is the central core of everything else financial in a person's life and provides stability and a strong sense of direction in money matters. But some people actually resent budgeting because adhering to a budget makes them feel poor or deprived. That kind of anti-budget sentiment is a symptom of woeful financial ignorance.
If personal finance curriculum is to succeed in teaching young people how to handle their money, then an understanding of expenses, both expected and unexpected should be discussed. The difference between real, needful expense and wanton expense should be clearly delineated in the curriculum. Discussions about living a life without credit card assistance means taking on the American materialistic life style head on and helping its younger citizens to see how much advertising and the press manipulates people into thinking that so much stuff is needed for happiness. A very genuine and helpful personal finance curriculum for the schools would include discussions of lifestyle excesses and the drive to accumulate wealth that drives many people into credit slavery.
If a personal finance curriculum for the schools is to first include the understanding of a budget and then to help guide them through what expenses are legitimate and which ones are not, then the third chapter in the course ought to be an understanding of the tax system. Why? Because young people need to know how much of their earnings each year are actually taken from them. Few teens that have part time jobs to pay for car insurance and a few pizzas each month realize that their parents must work from January one until May of each year to pay for the financial demands of government on them. Less and less of each paycheck actually belongs to Americans because of heavier tax demands and in order to ever get any of a lesser burden back, the next generations will have to throw off the repressive tax codes that take so much from each working American's pay check.
The fourth chapter in a school personal finance curriculum will need to discuss the importance of planning for the future. This chapter would probably include both an exhortation for a personal savings account as well as a stark look at life after the earnings years are over. One of the discussions in this chapter would hearken back to the magic of compound interest that can occur in a savings account. An example of a person saving ten percent of his income for thirty years could be spelled out showing what a modest five percent interest could earn that person over those years of faithful and disciplined saving. The other half of this chapter would exhort its young readers to imagine how much everything will cost when they are senior adults. How much they will need to live and what kind of a retirement program will need to be in place for their financial future to be secure will need to lead that part of the personal finance curriculum course discussion.
Of all the components going into a personal finance curriculum for school students, the most important would be the final chapter on understanding credit. With credit card and unsecured debt now over a trillion dollars and many people unable to make more than minimum payments on unsecured loans, the reality of credit card debt and the overarching effect debt can have on one's personal life should be the centerpiece of this last chapter. Issues such as what are a FICO score and the components that comprise it are extremely important for a young consumer to understand. Knowing the difference between the terms a bank can offer versus a loan company for a personal loan can be eye opening for a person who is not aware of how loans are originated. Jesus made it clear in His teachings that salvation and eternal life are certainly more valuable than any earthly possession. "Again, the kingdom of heaven is like unto treasure hid in a field; the which when a man hath found, he hideth and for joy thereof goeth and selleth all that he hath and buyeth that field." (Matthew 13:44)
In many schools, a class on personal finance is an elective. But many parents fail to teach their children about the importance of frugality, living within one's means and saving. In fact, sadly it is never even modeled by many families. Rather than hope some students take a course on personal finance, it ought to be a requirement. And by the way, maybe it shouldn't be the freshmen taking the course. They are usually a little too goofy for serious talk. Make it a junior class requirement. Seniors just want to graduate and get a credit card.
Distance Learning Accounting DegreesDistance learning accounting is a convenient means of earning an associates, bachelor's, or even a master's degree in accounting. This educational goal will give students the credibility they need to advance in their careers and change their lives for the better. Studying through a school that offers a certificate on the web may be just the solution. Students will take courses online in the comfort of their own home, working at their own pace by working around their own schedule and attend the virtual classes at their convenience. The disruption to family and career life is minimal, and the rewards are significant. The flexibility afforded through a distance learning accounting program is one of the primary reasons people choose this form of education.
These institutions offer a broad-based education in business subjects with specialized courses available. A graduate of a distance learning accounting degree program can go on to pursue a job as a tax accountant, financial analyst, cost accountant, auditor, banker, and even business administrator. Credentials are important in hiring managers in the financial industry, so higher education is extremely advantageous to potential job candidates in this field. Distance learning accounting is offered by numerous schools across the country, many of which offer both undergraduate and graduate level programs. A student should check on each institution's accreditation status to be sure the degree will be recognized as legitimate. Also inquire about the format of the coursework. Some requirements may be that the student will need to send in assignments at a certain time each week or tests may have to be proctored. Also, a person needs to find out if faculty members are available in case he has questions about the material.
Since all of the instruction for these programs will be administered electronically (through email, DVD, audio, or some kind of computerized format), a prospective student needs to be honest about his abilities and discipline for working on his own. Is he self-motivated enough to progress through the distance learning accounting degree coursework without someone looking over his shoulder or checking an attendance sheet? Can he work within the online format just as well as he would from a traditional classroom setting? Many students enroll in these types of programs, only to find that they don't keep consistent attendance or turn in assignments on time. The result is that they receive poor grades. Ecclesiastes 9:10 exhorts us, "Whatsoever thy hand findeth to do, do it with thy might." Once a Christian decides to undertake a distance learning accounting degree program such as this, he must work at it with all diligence to honor God with his work.
A distance learning bachelor degree could be the difference between professional advancement or stagnancy, because it is a valid degree even through it is earned without setting foot in a classroom. These types of programs provide flexibility as well as a great education and resume booster. Enrolling in and completing such a program is a fairly new process, but easier than ever and widely available.
The first step is to find an educational program at a selected college. Distance learning bachelor degrees are very easily located through the Internet. A program should be chosen according to which area of study the student wishes to follow. Each institution offering this type of education may offer a limited number of majors available and may focus primarily on one sector, very different from their traditional college and university counterparts. For example, one institution may offer accounting, human resources, finance and marketing - all within the business world. A traditional college or university would offer a much broader selection of majors. After a distance learning bachelor degree program is selected, the student must apply for admission. Each institution will have unique requirements for admission and should be thoroughly researched beforehand. Applying to a distance learning program may be done entirely online or some additional paperwork may need to be sent to the program.
After a student is accepted into a program, he or she must choose courses to study. There are a variety of courses available to students who are pursuing distance learning bachelor degrees. The student will be accessing coursework online as well as using other types of communication, such as mail-in tests or homework. The methods in which a course is conducted is left to the discretion of the instructor and the institution. The student should decide wisely on how many courses to study at one time.
One of the greatest benefits of studying in this manner is the amount of flexibility. A student can take the maximum amount of courses in order to accelerate the process or the student has the ability to take only one course at a time. This is ideal for a distance learning bachelor degree student that may not be as easy for a traditional college or university student. Because the student is not required to commute to class every session, the student may save time and money.
For those interested in saving time and money, there may be no better choice than a distance education. All institutions offering distance learning bachelor degrees should be thoroughly researched to ensure proper accreditation and academic excellence. A number of grants and scholarships may also be available to those who wish to complete a degree. This is a decision that requires a lot of prayer and guidance. Students should prayerfully consider if this is the step God calls them to take now. "Blessed be God, which hath not turned away my prayer, nor his mercy from me" (Psalm 66:20).
Personal Debt ConsolidationsA personal debt consolidation can be the answer to a consumer's increasing problem of late payments and fees, overwhelming loan payments, and harassing collection calls. Consumers can begin to manage their finances with one monthly payment and lower interest rates, saving money every month. There are millions of Americans who are experiencing excessive financial troubles, and these lead to stress and financial captivity. As with any major decision, research should be performed before entering into a contractual agreement for personal debt consolidations.
There are many options in debt reduction and credit help, and consumers are choosing to get help. Anyone considering these programs should thoroughly research the different programs available before committing to a specific program. The Internet has brought the information age right into our living rooms, and now research on personal debt consolidation is easier than ever. Taking the time to get correct and accurate information can save time, money, and emotional energy.
There are literally millions of Americans experiencing a financial crisis. With credit as the means for purchasing, debt is piling up, and bills are going unpaid. Also, a sudden crisis can catch a family off guard and unprepared for a major cash output. Agencies that offer personal debt consolidations have sprung up across the globe and across the Internet. These agencies will guide consumers through the simple process of getting their finances under control.
An individual can borrow unsecured money from a lending agency that is offering personal debt consolidation and pay off their existing credit card or unsecured debts with this loan. These loans can be acquired for a smaller interest fee, reducing the amount of payment made monthly, in some cases by half. The lower interest fee, the absence of late charges, and the once-a-month payment make taking care of debt more manageable for most consumers.
Making decisions about life and finances can cause stress on a family. The Bible tells us to take every concern that we have to God in prayer, and that He will not only guide us through personal debt consolidations, but He will also relieve our stress by offering a supernatural peace. Jesus tells us, "Be careful for nothing; but in every thing by prayer and supplication with thanksgiving let your requests be made known unto God. And the peace of God, which passeth all understanding, shall keep your hearts and your mind through Christ Jesus" (Philippians 4:6-7). Once we have gotten our guidance from the Lord, we can then pursue personal debt consolidation. They may be the pathway God has opened up for us to begin acting like a responsible financier and to begin once again to practice godly stewardship.
Loans and debt consolidation finance is designed to make consolidation of debts easy by paying off all creditors and acquiring one monthly payment, with no equity required, with a fixed interest rate. This process will provide immediate relief to the problems that are brought about by surmounting debt. Consolidating all monthly payments into one can save hundreds of dollars per month. There are also special programs available for consumers who are experiencing problems with credit. Combo loans are a type of debt consolidation loan that will combine unsecured debt with a mortgage and provide cash for home improvements.
No Equity Loans are for the consumer who does not have equity built up in his home but needs some extra cash or wishes to consolidate high interest credit card debt, pay off student loans, or make home improvements. Loans and debt consolidation finance can also include Home Equity Loans. These loans are designed to use equity built up in the consumers home and get money up front to pay off debts, which is also known as a second mortgage. The number one reason for consolidating is to save the consumer money.
When choosing a lender for loans and debt consolidation finance, the consumer should consider interest rates, loan fees, discount points, etc. The individual must make sure the lender is reputable and if possible interview prospective mortgage companies, especially since there are many to choose from. The consumer should receive a good faith estimate within three days after signing the loan application. They will receive a written statement when the rate has been locked in by the mortgage company. It is vital to review all documents before signing any agreement for the consolidation or financing process. If the mortgage company asks for additional documents from the consumer it is in the best interest of the individual to provide them immediately.
The consumer should seek an equity line of credit when needing money upfront for consolidation. It is not a good idea to continue to use credit cards after paying them off or one might find that the debt problem has returned only now with a consolidation loan as well. Loans and debt consolidation finance is a consideration towards consolidating debt that will reduce monthly output. However, it is necessary to be wise and consider carefully the best decision to make taking all the variables into consideration before signing on the bottom line. "And we have sent with them our brother, whom we have oftentimes proved diligent in many things, but now much more diligent, upon the great confidence which I have in you." (2 Corinthians 8:22)