Time Value of Money and Gilbert the Retired Millionaire

Here are some important links from this week's class:

Time Value of Money Questions

Time Value of Money Spreadsheet: Simple vs Compound Interest

Gilbert Millionaire Excel Spreadsheet

Saving for Retirement Powerpoint

Carmax.com, Trulia.com, Rent.com and Bankrate.com computer lab exercise

In this computer lab, we will consider the cost of financing a used car, and the cost of renting an apartment or buying a home in 4 locations across the country.

Here is the link for the Carmax.com exercise.

Here is the link for the Buying a Home Mortgage term comparison exercise.

Today's Personal Finance class has been canceled due to inclement weather

I just got word that West Haven HS is closed due to inclement weather.  There is therefore no personal finance class tonight.

Classes will resume next Monday and Wednesday April 11th and 13th (same time and locations).

Thank you for understanding.

R. Wiegand

Course Summary Recap

Thank you for taking West Have Adult Ed Personal Finance course with me.

The last session's class on Insurance and Taxes has a Powerpoint that can be accessed by clicking on this link.

In addition, you may find a course summary Powerpoint useful as well; here is a link to access it.

It's been a pleasure.

Happy holidays.

R.Wiegand

Take-home Final due December 16, 2015

Here is a link to access a copy of the take-home final.

It is due in class next week, December 16, 2015, or via email by sending it to rwiegs@gmail.com.   If you choose the latter approach for submission, you must notify me first.

Best of luck and Happy Holidays!

Credit Management

Today's class is about credit management.  

We'll explore the following key terms and concepts:

• Credit

•Creditor

•Closed-end credit, installment debt

•Open-end credit, revolving credit

•Line of Credit

•Available credit

•FICO score

•Credit utilization ratio

•Grace period

•Finance charge

•APR 

•Debt/Income ratio

We'll review a sample credit card statement and talk about strategies that can save you thousands of dollars in interest payments.

We will also discuss how to keep your credit cards secure.

We will review basic concepts of contract law and what can happen in the case of bankruptcy.

Finally, we will talk about where to go to get debt counseling and whether debt consolidation programs are appropriate.

To access a Powerpoint of this lesson, please click on the following link.

West Haven Basic Math Computer Lab Exercise

Today we will use Excel to do some data analysis from two tables.

The first table is related to nutritional information about meats.

The second exercise has to do with interpreting budgeting expenses for a hypothetical individual named Thomas Woods.

To access the Excel spreadsheet, please click on this link.

When you are done with both parts of the exercise, please save your spreadsheet as Firstname_Lastname.xls and send it as an attachment to rwiegs@gmail.com