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Lecture Contents in our Fiscal Fitness© Course |
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Here are the quick and simply summaries of each lecture in our course. |
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What Others Have Said, Fiscal Fitness, Rules/Contracts , Budgets for Teens, Fiscal Fitness Rules, FAQs on CYK and FF |
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The Clothing Contract, The Global Budget Contract, The Safe Driving Contract, The Contract for Car Ownership |
| 1. Lecture Number One: How to Plan. Do you have a life plan. A good time to start planning in now. High school is a big challenge. Do you plan to finish? Do you plan to go to college? And what are the details? Planning on getting good grades? Planning on getting a strong transcript? Any teachers you want to have write you a good letter? Those are all good ideas to think about and add to your plan. Here is a sample plan you can use for this year. Then fill out the details. Pin it up on your bulletin board and try to act on it one step at a time. Research shows that those who fill out plans tend to succeed in carrying them out. "We don't plan to fail, we just fail to plan." And when you plan to succeed, you do. |
| 2. Budgets. What on earth is a budget. It's the money allocated to a defined expenditure. In other words, its a way of putting a plan into money, or vice versa. If you have a budget, you have a plan about what you expect to spend. Have you made out a budget for this year? How can you do it. |
| 3. Saving. Pay yourself first. What's "The Spread". This lesson teaches how to capitalize on paying for what you need with cash you have saved instead of credit cards with debt. The difference is bigger than just the credit card rate of interest, because you are paid interest on your saving while you are waiting to accumulate what you need. That's the "spread". And, its like an automatic 15% pay increase, earned simply by learning to wait a month or two until you purchase something you really NEED. |
| 4. Credit. More than just a card, your credit is your report card on how you are doing in an economic world. Good credit turns you into a "qualified customer". The secret cost of bad credit is huge, and a little difficult to get a handle on. It's another form of "The Spread". How do you earn yourself a good credit rating? Learn about FICO and Fair Isaac. We will teach you how. |
| 5. Checking Accounts. Do you know how money gets into your account? We can show you. Do you know how to reconcile your bank balance? Can you sort out fees and expenses in your account? Most importantly, do you know how to avoid a $ 20 pizza from becoming an $ 84 pizza. It can happen. |
| 6. Nanoeconomics. Ok, so everyone wants to be an economist. But no one knows about Nano economics. That's the economics of every day TINY decisions. Should I pack a lunch or eat at work? Should I change my oil myself? Should I bike or take the bus instead of drive? Should I quit smoking? What's the cost of buying a soda a day at lunch? What's the cost of buying a coffee daily on the way to work? What do these add up to. It's huge. In fact, it's the whole story. Each and every day you make decisions that add up in the cumulative process to whether you are gaining or losing in your quest to have economic choices and personal power over your destiny. This is how you succeed. Come on in and learn. |
| 7. Borrowing money smartly. There are something worth paying interest for. Buying a house is always a grand idea, and the government helps you out with it. Borrowing to make you smarter with a better education is the best idea of all. How can you do it? How can you put together a stream of incomes to pay your way through college? Same idea for a house. We will walk you through the steps. |
| 8. Taxes. They are eternal. They make your paycheck shrink by about a third. You think you are making $ 3000 a month. Not quite. You will be bringing home only $ 2,200 when all your deductions are finished off your payroll. Do you know how these numbers are calculated? Have you already spent the $ 3000? We will show you how to figure out your tax rate, and how to live with the difference. |
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9. Insurance. Young adults start with car insurance. It's a sobering start. When do you need life insurance? What's comprehensive mean with my car insurance? Do you know if you should have credit card insurance? Who should buy household insurance? Do I need health insurance when I can hardly afford it? This lecture takes on the skinny of each of these. |
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Buy NOW at |
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SAME BOOK, Softcover and Hardcover |
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| Contracts |
| The Clothing Contract |
| The Global Budget Contract |
| The Safe Driving Contract |
| The Contract for Car Ownership |
| "Capitate Your Kids... is by far the best 'kids and money' product I've come across." |
| FROM THE FORWARD BY BOB POTTER |
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Former host of NPR's Sound Money |
| Home | Rules/Contracts | Budgets for Teens |
| What Others Have Said | Fiscal Fitness | Fiscal Fitness Rules |
| FAQs on CYK and FF | Coming Appearances! | Making A Budget for Teens |
Fiscal Fitness The next generation of learning about money
Comments: jwhit@wi.rr.com