Dollars & Sense
With the number of personal bankruptcies now exceeding one million each year, and many students leaving college with enormously high credit card balances, Dollars & Sense meets a critical need in today's society.
All videos are closed captioned.
Lessons 1 - 13
Lesson 1 - Your Personal Financial Plan
describes the six steps of the financial planning process and how to establish financial goals. It also emphasizes the importance of setting realistic financial goals.
Lesson 2 - Basic Economic Principles
explains supply and demand, inflation, interest rates, and how all of these affect the average consumer.
Lesson 3 - Personal Career Strategies
offers insight into career planning for both those just starting out and for workers considering career adjustments.
Lesson 4 - Money Management Strategies
features the practical use of the time value of money tables. This lesson also introduces the two main types of financial statements: the balance sheet and the cash flow statement.
Lesson 5 - Planning Your Tax Strategy
describes four types of taxes and the process of taxation, reporting, and the elements of a responsible tax strategy.
Lesson 6 - Banking Services of Financial Institutions
details different financial service accounts used to manage money. Carmen Luna with Chase Manhattan Mortgage Corporation explains the difference between a savings account and a checking account.
Lesson 7 - Introduction to Consumer Credit
introduces responsible use of credit, including credit cards, loans, and evaluation of interest rates.
Lesson 8 - Choosing Sources of Consumer Credit
focuses on the two key rules concerning the use of credit: avoid using credit to buy non-essential items and avoid using credit when you can afford to pay cash.
Lesson 9 - Credit Problems
identifies some important warning signs of potential credit problems. A credit counselor explains the Consumer Credit Counseling Service.
Lesson 10 - Legal Aspects of Protecting Your Wealth
reviews the legal issues affecting consumers, including contracts, marriage, and bankruptcy.
Lesson 11 - Consumer Purchasing Strategies
explains the concepts behind a research based purchasing strategy including preshopping activities, evaluation of alternatives, selection and purchase, and post-purchasing strategies.
Lesson 12 - Transportation Costs
deals with personal transportation issues including leasing/buying, maintenance, and financing.
Lesson 13 - The Finances of Housing
compares renting vs. owning, and discusses the home buying process. A mortgage loan officer explains what a mortgage is, describes various sources for obtaining a home loan, and compares different types of home loans.
Lessons 14 - 26
Lesson 14 - Personal Risk and Insurance
depicts the need for different types of insurance: personal liability insurance, disability insurance, and renters' insurance, and defines key terminology.
Lesson 15 - Home, Auto, and Business Insurance
illustrates how insurance can protect individuals from unforeseen events that have negative consequences.
Lesson 16 - Health and Disability Insurance
provides an overview of health insurance, disability insurance, and long-term care insurance. The difference among HMOs, PPOs, and POS are examined.
Lesson 17 - Life Insurance
explains choosing the appropriate type/amount of life insurance, and selecting an agent to assist you.
Lesson 18 - Fundamentals of Investing
introduces investing, including selecting an advisor, asset allocation and risk analysis. A financial check-up is also illustrated in detail.
Lesson 19 - Investing in Stocks
shows how stocks work, the types of stock available, and the role of the stock broker. The five classifications of stocks are described.
Lesson 20 - Investing in Bonds
describes the role of bonds as an investment, including the inverse relationship between interest rate movements and bond value.
Lesson 21 - Investing in Mutual Funds
defines mutual funds, describes the difference between closed-end and open-end funds, and explains how the fee structure affects returns.
Lesson 22 - Real Estate and Other Investment Alternatives
illustrates options for direct and indirect investment in real estate, including REITs, and collectibles. The Motley Fools present the five worst investments.
Lesson 23 - Retirement Planning
reviews methods to determine financial goals for retirement, and instruments to achieve them. Social Security qualifications and benefits, and some of the misconceptions about that topic are included.
Lesson 24 - Estate Planning
defines probate and use of wills, trusts and other tools to protect the value of your estate.
Lesson 25 - Deception in the Marketplace
examines the most basic consumer frauds. Some of the common scams being posted on Internet sites and sites where individuals can report scams are detailed.
Lesson 26 - Evaluating Your Commitment to Your Financial Goals
reveals some of the common excuses people use to explain their failure to stick to a financial plan.