Real Life Personal Finance – Table of Contents

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Instructor’s Guide

1 - Introducing the Instructor’s Guide

2 - Registering Students

3 - Student Demographics

4 - RLPF Pre-Final - UD

5 - Student Performance

6 - Student-Driven Learning

7 - Thinking Instructional Methodology (TIM)

8 - Instructor Tips & More

9 - TEKS, Essentials &  Sentence Stems

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Prologue - Getting Started

When You Were Young

About Me - Demographics

RLPF Pre-Final 2019 - 100 pts

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Unit 1 - Reality, Goals & Expectations

TEKS, Essentials, Stems Unit 1

Tip 1-1 - Personal Finance

Lesson 1  - Personal Finance & Planning

1-1 Exercise #1 - 5-Section Notebook
1-1 Exercise #2 - Vision Essay
1-1 Exercise #3 - Using the Internet

Lesson 2 - Setting Goals
        
1-2 Exercise #1 - Using Tiers to Learn More

1-2 Exercise #2 - Building Vocabulary

1-2 Exercise #3 - SMART Goals

        Tip 1-3 - Personalities, Teams & the Brain

Lesson 3 - Life Plan & Financial Personalities

1-3 Exercise #1 - Life Plan

1-3 Exercise #2 - Wants & Needs

1-3 Exercise #3 - Case Study - Save or Spend

1-3 Exercise #4 - Propensity to Save or Spend

Lesson 4 - Charitable Giving - Value & Benefits

1-4 Exercise #1 - Unintended Consequences

1-4 Exercise #2 - Charities I Would Support

Unit 1 Quiz  - 50 pts

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Unit 2 - Earnings & Spending

TEKS, Essentials, Stems Unit 2

Tip 2-1 - Wages, Hours, Steve Jobs & Malcolm Gladwell

Lesson 1 - Wages & Benefits

2-1 Exercise #1 - Revisit Vision Essay and Life Plan related to Wages

2-1 Exercise #2 - Case Study

Tip - 2-2 - FICA, Medical & Life Insurance

Lesson 2 - Benefits from Employment

2-2 Exercise #1 - Case Study - FICA

2-2 Exercise #2 - Case Study - Deductible

2-2 Exercise #3 - Case Study - Group Life Ins.

Tip - 2-3 - Payroll Statements, FIT, FICA

Lesson 3 - Taxes, FICA, Gross & Net Wages

        2-3 Exercise #1 - Calculate FICA

        2-3 Exercise #2 - Calculate Payroll

        2-3 Exercise #3 - Case Study - Payroll

        Unit 2 Quiz - 50 points

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Unit 3 - Keeping Score - Financial Statements

TEKS, Essentials, Stems Unit 3

Lesson 1 - Income Statement

3-1 Exercise #1 - Income & Expense        s        

3-1 Exercise #2 - Parental Support

Tip 3-2 - Financial Statements

Lesson 2 - Financial Statements - Focus on Net Worth

        3-2 Exercise #1 - Net Worth Statement

Tip 3-3 - Budgeting

Lesson 3 - Financial Statements - Focus on a Budget

3-3 Exercise #1 - Your Budget

3-3 Exercise #2 - Budget with Goals
        3-3 Exercise #3 - Thinking about Deb

Unit 3 Quiz - 50 points

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Unit 4 - Achieving S.M.A.R.T. Goals

TEKS, Essentials, Stems Unit 4

        Tip 4-1 - Emergency Fund

Lesson 1 - Achieving Short-Term Goal - Emergency Fund

        4-1 Exercise #1  Calculate Emergency Fund

4-1 Exercise #2 - Case Study - Unemployed

Tip 4-2 - Home Down Payment

Lesson 2 - Achieving Mid-Term Goal - Home Down Payment

4-2 Exercise #1 - Plan for Home Down payment

Tip 4-3 - Retirement

Lesson 3 - Achieving Long-Term Goal - Retirement

4-3 Exercise #1 -Funding Financial Independence

4-3 Exercise #2 - Update Vision Essay

Unit 4 Quiz - 50 points

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Unit 5 - Spending on Major Goals - Cars, Homes & Financial Independence

TEKS, Essentials, Stems Unit 5

Tip 5-1 - Cars

Lesson 1 - Cost & Benefits of Owning or Leasing a Vehicle

5-1 Exercise #1 - Buying Your Car

5-1 Exercise #2 - Financing Your Car

5-1 Exercise #3 - Discussion on Video

Tip 5-2 - Home Ownership

Lesson 2 - Cost & Benefits of Owning or Renting a Home

5-2 Exercise #1 - Buying Your Home

5-2 Exercise #2 - Update Vision Essay & Research IDAs

Tip 5-3 - Alternative Sources of Credit

Lesson 3 - Payment Alternatives - Buying Consumer Goods

5-3 Exercise #1 - Making Credit Choices

5-3 Exercise #2 - Vision Essay & Spending Personalities

5-3 Exercise #3 -Shopping Challenge

Unit 5 Quiz - 50 points

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Unit 6 - Debt - The Drug of Choice in America

TEKS, Essentials, Stems Unit 6

Tip 6-1 - Plethora of Borrowing
        Opportunities & Traps

Lesson 1 - Credit & Borrowing - Types of Credit & the Impact

6-1 Exercise #1 - Debt - Benefits & Disadvantages

6-1 Exercise #2 - Case Study - Cost of Borrowing

6-1 Exercise #3 - Case Study - Home Buying

6-1 Exercise #4 - Reflect on Home Buying

6-1 Exercise #5 - Video on borrowing

Tip 6-2 - Credit Reports & Scores

Lesson 2 - Credit Reports & Credit Scores

6-2 Exercise #1 - How Events Impact Credit
                Reports & Credit Scores

6-2 Exercise #2 - Review a Credit Report

6-2 Exercise #3 - Review Your Credit Report

6-2 Exercise #4 - Annualcreditreport.com to
        document credit status

Lesson 3 - Impact of Credit & Debt - Financial & Psychological

6-3 Exercise #1 - Case Study

6-3 Exercise #2 - Test Amortization
                Assumptions

6-3 Exercise #3 - Applying Character,

Collateral & Capacity to Borrowers

6-3 Exercise #4 - How Will You Avoid
        Bankruptcy?

Unit 6 Quiz - 50 points

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Unit 7 - Financial Institutions & Markets

TEKS, Essentials, Stems Unit 7

Tip 7-1 - Banking

Lesson 1 - Banking & Financial Institutions
        
7-1 Exercise #1 - Case Study - Selecting Bank
                Products

7-1 Exercise #2 - Notes for Opening Your Accounts

7-1 Exercise #3 - Research Savings Accounts

7-1 Exercise #4 - Balance Account

7-1 Exercise #5 - Organizing Balance Sheet

TIP 7-2 - Real Returns

Lesson 2 - Wealth Accumulation Through Saving
        
7-2 Exercise #1 - Impact of Inflation and
                Taxes on Savings
        7-2 Exercise #2 - Saving to Invest

7-2 Exercise #3 - Institutions & Markets
        7-2 Exercise #4 - Compound Interest
        Tip 7-3 - Stocks  Investing

Lesson 3 -Wealth Accumulation Through Investing

7-3 Exercise #1 - Comparing Investments

7-3 Exercise #2 - Fundamental Analysis

7-3 Exercise #3 - Technical Analysis

Unit 7 Quiz - 50 points

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Unit 8 - Retirement & Financial Independence Planning

TEKS, Essentials, Stems Unit 8

Lesson 1 - Will You Be Able to Retire?

8-1 Exercise #1 - Adjusting Expenses
Tip 8-2 - Retirement or Financial Independence

Lesson 2 - Resources in Retirement and Financial Independence Planning

8-2 Exercise #1 - Funding Social Security

8-2 Exercise #2 - Thinking about Social Security

8-2 Exercise #3 - Employer-Sponsored Plans

8-2 Exercise #4 - Selecting the Right Plan

Tip 8-3 - Save Early

Lesson 3 - Save Early & Become Financially Independent

8-3 Exercise #1 - Case Study - Financial
                Independence

8-3 Exercise #2 - Penalty of Waiting

Unit 8 Quiz - 50 points

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Unit 9 - Imagine a World Without Insurance

TEKS, Essentials, Stems Unit 9

Tip 9-1 - Without Insurance

Lesson 1 - Risk Management & Insurance
        Vocabulary

9-1 Exercise #1 - Case Study - The
                Honeymoon

9-1 Exercise #2 - Team Risk Management

9-1 Exercise #3 - Apply Risk Management to
                Case Study

9-1 Exercise #4 - Case Study

Tip 9-2 - Medical Insurance

Lesson 2 - Health Insurance

9-2 Exercise #1 - Selecting Coverage

9-2 Exercise #2 - Paying Claims

Tip 9-3 - Disability Insurance & LTC

Lesson 3 - Disability Insurance & Long-Term Care

9-3 Exercise #1 - What’s Your PDQ?

9-3 Exercise #2 - Understand LTC Insurance

9-3 Exercise #3 - Paying LTC for Family Members

Tip 9-4 - Life Insurance

Lesson 4 - Life Insurance

9-4 Exercise #1 - Calculate Need for Life
                Insurance

9-4 Exercise #2 - Calculate Premium

9-4 Exercise #3 - Compare Whole Life Insurance to Term Insurance

Tip 9-5 - Property & Casualty Insurance

Lesson 5 - P&C Insurance - Auto, Renter’s & Homeowner’s

9-5 Exercise #1 - Review Personal Auto
                Insurance

9-5 Exercise #2 - Auto Claims

9-5 Exercise #3 - Case Study

9-5 Exercise #4 - Renter’s and Homeowner’s Insurance

9-5 Exercise #5 - Compare Renter’s & Homeowner’s Insurance

Tip 9-6 - Supplemental Coverage

Lesson 6 - Supplemental Coverage & Buying a Car Part 2

9-6 Exercise #1 - Explain Various
                Supplemental Coverages Available

Unit 9 Quiz - 80 points

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Unit 10 - Identity Theft & Investment Scams

TEKS, Essentials, Stems Unit 10

Tip 10-1 - Identity Theft

Lesson 1 - Protecting Personal Information

10-1 Exercise #1 - Actions People Should Take to Protect Information

10-1 Exercise #2 - Actions You Will Take

Tip 10-2 - Investment Scams and Schemes

Lesson 2 - Schemes, Scams and Reporting Identity Theft

10-2 Exercise #1 - Social Media Scams

10-2 Exercise #2 - Actions You Will Take

10-2 Exercise #3 - Case Study

Unit 10 Quiz - 100 points

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Unit 11 - Estate Planning - Where There’s a Will, There’s a Way

TEKS, Essentials, Stems Unit 11

Tip 11-1 - Wills & Dying Without a Will

Lesson 1 - The Rules & The Players

11-1 Exercise #1 - Case Study

11-1 Exercise #2 - Case Study

Tip 11-2 - More Planning

Lesson 2 - Fiduciaries, Estate Plan Before You Die

11-2 Exercise #1 - Preparations for Minors

11-2 Exercise #2 - Documents Needed

Unit 11 Quiz - 50 points

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Unit 12 - Next Step - Postsecondary Education & Training

TEKS, Essentials, Stems Unit 12

Tip 12-1 - From Careers to Selecting PSE

Lesson 1 - Selecting PSE - Value of Education

12-1 Exercise #1 - Return on Education

12-1 Exercise #2 - MIT Analysis on Standard
                of Living
Tip 12-2 - Funding PSE

Lesson 2 - Funding Postsecondary Education

12-2 Exercise #1 - The Sticker Price

12-2 Exercise #2 - FAFSA

12-2 Exercise #2A - Pell Grants

12-2 Exercise #3 - Raise & Scholarships
12-2 Exercise #4 - FastWeb

12-2 Exercise #5 - College Scholarship
                Research

12-2 Exercise #6 - IDAs

12-2 Exercise #7 - ROI on AP & Dual Credit

12-2 Exercise #8 - Student Loans

Unit 11 Quiz - 50 points

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Unit 13 - Celebrate Freedom Week

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Unit 14 - Game of Real Life

Tip 14-1 - Game of Real Life

Lesson 1 - Play the Game to Win!

        Tip 14-2 - Volunteers

Lesson 2 - The Game Community

Lesson 3 - Game of Real Life Forms

Lesson 4 - Employer Expectations

RLPF Final Exam - 100 points

To contact Decker & Associates, Inc. publishers of the Real Life Curriculum call Ken Decker, CPA-PFS, CFP @ 713-927-9300 or email him at Ken@DeckerUSA.com.

Real Life Personal Finance                                   Copyright © 2016, 2017, 2018 Decker & Associates, Inc.