Finance Reflection

The context of the lesson is three fold: First, to enhance literacy and utilize digital tools to research, communicate, produce and present. Developing these skills will be of immediate use, as these students have at least two more years in an academic setting. Secondly, they will be acquiring life skills as they define and internalize the concepts of budgeting and personal finance. Thirdly, in the broadest context, they will be able to apply this knowledge when they go forth into the job market and begin making short and long term investments. This lesson is appropriate and timely for these students as they will soon be leaving high school and embarking on various life and career paths. It is of critical importance that they understand how credit works and how to be fiscally responsible early on, so that they can avoid making bad decisions that have long-term and life altering ramifications. This demonstrates my commitment to their lifelong ability to learn and use information

Whew, where to start? The personal finance class through Dame Ramsey’s Foundations in Personal Finance textbook and video series really had a lot of useful information, and it is hard to pick out the most impactful chapters and topics. However, I think the most important stuff for me was his five foundations for financial success, which were reinforced throughout the course. I am not downplaying the other important stuff in the course, including learning about the history of credit, budgeting, consumer awareness, investing, insurance, and taxes, but I think that mastering the fundamentals is important, which is why I am choosing to highlight them in this paper.

For an individual who pays personal income taxes at a rate of 30 percent, which of the following statements is most correct?

The most important lesson learned from this class was to never give up. I took that class

Considering what you have learned, what are some simple steps you can take right now to plan your college financial future? Write 3-10 specific actions you can

One of the first things I learned in the program was savings. This is probably one of the most skills which is necessary to know for many different reasons. A lot of times I look around and I notice that everyone is saving up for something. It’s a life goal and journey that everyone has to go through. Some people might have smaller goals like saving up for a dress. Other

Finish your discussion with your thoughts on how this information affects you personally including any insights you had about yourself and the stress that you experience. I believe that for everyone money is a big stressor, so I feel like it was a great chapter that I took a lot away from. I really enjoyed this lesson because of all the tips it gave me to start managing my money better. I think the great think about this chapter is that it is a good reminder for everyone, no matter if there young, old, rich, or poor; all the points made in this chapter are things we all need to keep in mind when thinking about money. My favorite thing is this whole chapter was David Ramsey’s comment about contentment. I think he was completely right when he said that the most important financial principle is contentment. While I think most people know more money and stuff will not make them happy, I know for me personally, contentment is one of the hardest things to master. So it was a good reminder for me and made me think a lot about the silly things I am spending money on that really are unneeded. This chapter gave lots of tips that I will be using throughout my life to help manage my money and reduce my

Life insurance is meant to provide funds to replace a breadwinner's to protect and support dependents. Chad and Haley are dependents, not income providers. Therefore, the purchase of life insurance is unnecessary and not recommended. The Dumonts should use the money they would spend on policies for the children to increase their own coverage.

The most interesting lesson is unfortunately the shortest lesson of the class, this lesson is about a new concept… Emerging Adulthood.

While taking the personal finance course this past spring, I learned many valuable lessons that will greatly assist me throughout my life. One lesson I learned is the importance of paying yourself first. To put this into action, I will save money in an emergency fund to have enough money to live comfortably for 3 to 6 months, in case of emergency. Furthermore, this course has taught me the importance of budgeting. Using budgeting, I will make a plan for my money, so I can avoid over drafting and bouncing checks. Another lesson personal finance taught me is to pay all bills and loans on time to develop a good FICO credit score, which is what companies use to evaluate the risk of loaning to an individual. Knowing this information will help me

Without a doubt the lessons and exercises on time management were the most meaningful to me. They brought insight into why I seemed to be constantly working yet still never really got anything I wanted to accomplish throughout the day finished. I realized the majority of the activities I had been spending the most time on didn’t reflect my values of hard work and self discipline and long term academic goals to be successful in college. This motivated to completely change the way I managed my time by effectively striking a balance between my maintenance, committed, and free time.

What is the most important concept that you learned in this class? Write this for a reader who is unfamiliar with the concept.

I have learned so much in this class to prepare me for a successful college experience. There were some topics that caught my attention more than others. Such as, time and stress management, University resources, and critical thinking.

What concepts, principles, or ideas that you have learned, do you think you will remember the most after you leave this class?

What I didn’t learn from my highschool class is how to properly set goals. I didn’t know that there was a process and I didn’t realize how helpful it is writing down goals and physically seeing them. I was able to learn S.M.A.R.T goals which helps you structure your goals to a achievable standard. I also learned the different types of goals like long term, short term, and immediate. I learn how important goal setting can be and how it helps you better achieve them.