Tag Archives: budgeting

My Personal Finance Curriculum

There was a really interesting article in the New York Times last weekend about having courses on personal finance for kids in K-12. I think that this is definitely something schools should look into, even if it is not tested. Out of all the courses one takes in primary and secondary schools, a practical course like personal finance can really do some good – especially today.

I never took a formal personal course when I was in school; it wasn’t offered. The closest we came to it was when I was in seventh grade and I was in a “Home and Careers” class. It wasn’t really heavy on the economics; it was more about how to cook basic meals, sew, and the like. We had a unit on caring for a family. We were paired off into husbands and wives, and we had to care for a fake egg. The fake egg was a baby, and we were randomly chosen to have particular careers in different locations, salaries, etc. We had to budget for our home and raise the egg, er, I mean child.

I think I passed, but it didn’t really teach me much about personal finance. We all would fudge the numbers and concoct dream scenarios to ensure we would have enough money to survive. The real world doesn’t let one concoct dream scenarios. It has a penchant to just slap you in the face.

With that said, I gave some thought as to what kind of personal finance course I think would do a great deal of good. Check out this site for actual assignments and courses one organization, the National Endowment for Financial Education, put together for schools that want to take the plunge into personal finance courses.

After the jump, check out my personal finance curriculum.

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Simple Saving Tricks

I read a really interesting article recently on Kiplinger.com about 10 easy ways, or “tricks”, to make yourself save a portion of your hard-earned money. While saving is a fundamentally important pillar for any worthwhile personal finance plan — and this week is America Saves Week — I think it’s important to go back over some of the easy ways those who have trouble with discipline can ensure they are stashing away part of their money for savings.

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February Net Worth: Marching Right Along

I’m continuing to make great gains in my net worth — after gains in December and January, I’m continuing on the right path. My net worth increased another 2.95 percent in the last month.

On to the numbers …

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Epiphany Revisited

Hard to believe, but it’s been a year already since I had what I thought was my lowest financial point and subsequent epiphany moment. To sum it up, I just found out that I was going to have at least one furlough (unpaid) day per month, my rent was going up, and because I had this very tight view of money — I was going to stop all of my plans.

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Newly (Re)Hired? Financial Battle Plan.

Earlier this week I read a fantastic article in the Wall Street Journal about planning finances for those who were just rehired. While the article was geared toward people who had been unemployed for some time and just found another job, I feel that the lessons in the article can extend to those who are just getting their first “real-world” jobs as well.

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Father Forgive Me, For I Have Sinned …

I read a great post earlier this week on Kiplinger.com about a columnist’s missteps when it came to money management in the last year, and it got me to thinking about some of the places I could have done a better job.

I already talked about my financial resolutions for 2010, but didn’t look back that closely at places I thought I could really improve in this coming year.

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