March 23, 2022

Compensation

When you work, you earn compensation. This course defines three categories of compensation: monetary, deferred, and nonmonetary compensation. By the end of this course, you will be able to • Explain monetary compensation • Define gross pay, deductions, and net pay • Describe the benefits of direct deposit • Explain deferred compensation • Explain nonmonetary compensation
March 23, 2022

Banking

Banks and credit unions offer a wide variety of financial services. This course discusses many of the financial services that you will use. By the end of this course, you will be able to • Define a bank and a credit union • Describe the financial services offered by banks and credit unions • Describe the power of compound interest • Explain the rule of 72
March 23, 2022

Taxes

Taxes are collected by the federal, state, and local government to pay for road repairs, schools, and other services. This course discusses the various taxes you pay. By the end of this course, you will be able to • Define Social Security and Medicare taxes • Describe property taxes • Describe sales taxes • Describe capital gains taxes • Describe income taxes • Define marginal tax rate and effective tax rate
March 23, 2022

Credit Cards

Credit cards are a convenient method of making purchases. Before going into debt with a credit card, you should know the ins and outs of how they work. By the end of this course, you will be able to • Define credit cards • Define revolving credit • Understand how point-of-sale transactions work • Describe how a credit card issuer makes money • Define interest
March 23, 2022

Loans

At some point in your life, you will probably take out a loan to pay for college, buy a car, or make another purchase. This course describes different types of loans and defines terminology associated with loans. By the end of this course, you will be able to • Define terms associated with loans, including principal, interest, and term • Describe a student loan • Describe an automobile loan • Describe a mortgage • List what is typically included in a mortgage payment • List different types of mortgages
March 23, 2022

Credit Reports and Credit Scores

When you apply for credit, a potential lender uses your credit reports and credit scores to help determine whether to approve your application. Because your credit reports and credit scores are used frequently, it is essential you understand them. By the end of this course, you will be able to • List the three main credit bureaus • Describe who uses your credit history • Describe credit reports • Describe credit scores • Define identity theft • List steps for responding to identity theft
March 23, 2022

Record Keeping

You will have many paper and electronic records for your personal financial transactions. Knowing what to keep, and for how long, will help you organize your files. By the end of this course, you will be able to • Explain the need for paper and electronic filing systems • List how long to keep tax returns and related documents • List how long to keep investment documents • List how long to keep loan documents • List how long to keep estate planning documents • List how long to keep home ownership records • List how long to keep vehicle documents • List how long to keep passports
March 23, 2022

Goal Setting

To reach your financial goals, you will need to spend some time setting goals and creating a plan to achieve them. This course explores the goal setting process. By the end of this course, you will be able to • Define assets and liabilities • Calculate your net worth • Understand the goal setting process
March 23, 2022

Budgeting

One of the best ways to control how your money is spent is to create a budget. This course explores the budgeting process and methods for tracking your spending. By the end of this course, you will be able to • Define disposable and discretionary income • Define expenses • Understand the budgeting process • Describe zero-based budgeting • Describe methods for tracking spending