PFM Standardized Curriculum 2016 >> Contents
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2016 Personal Financial Management Standardized Curriculum Contents Introduction ............................................................. v Banking and Financial Services ..........................................1 Account Management Exercise ..........................................34 Banking and Financial Services Resources .................................37 Checks 101 ...........................................................38 Electronic Banking Safety Tips ...........................................40 Terms of Banking ......................................................41 What Are The Consequences? ...........................................42 Car-Buying Strategies ...................................................43 The Budget Bottom Line ................................................78 Car Sale Tricks of the Trade .............................................79 Common Dealership Financing Pitfalls ....................................80 Debt-to-Income Ratio ..................................................82 Determining Car Payments ..............................................83 Financial Planning Worksheet ...........................................84 Installment Sale Contract for Titled Vehicle and Equipment ...........................................92 Leasing Vs. Buying .....................................................94 Questions to Ask Car Dealers ............................................95 Car-buying Sources of Help .............................................96 Three Deals of Car Buying ..............................................97 You Tell Me ...........................................................98 Consumer Awareness ...................................................99 Deter, Detect, Defend ................................................ 134 TheServicemembers Civil Relief Act (SCRA) Simplified .................... 135 Sources of Help for Military Consumers ................................. 137 Credit Management ................................................... 139 Choosing Credit Cards ................................................ 169 Credit Quiz ......................................................... 171 Credit Reports ...................................................... 172 Debt-to-Income Ratio ................................................ 174 Take Five ........................................................... 175 Warning Signs of Credit Abuse ......................................... 176 Developing Your Spending Plan ....................................... 177 Debt-to-Income Ratio ................................................ 204 Financial Planning Pyramid ........................................... 205 Financial Planning Worksheet Checklist ................................. 214 Sources of Help for Military Consumers ................................. 215 Spending Plan Exercise ............................................... 217 i << PFM Standardized Curriculum 2016 >> Contents Family Financial Planning ............................................. 223 Family Financial Planning Resources ................................... 241 Financial Planning Worksheet ......................................... 243 Goals and Actions .................................................... 251 What Does it Cost? ................................................... 252 Financial Planning for Deployment ................................... 253 Financial Planning Worksheet ......................................... 297 How Can I Help You? ................................................. 305 Post-Deployment Action Sheet ......................................... 306 TheServicemembers Civil Relief Act (SCRA) Simplified .................... 307 That’s a Match ...................................................... 309 Gambling Awareness .................................................. 311 Gambling Awareness ................................................. 327 Gambling Case Studies ............................................... 330 Home-Buying .......................................................... 331 Home-buying Debt-to-income Ratio .................................... 360 10 Important Questions to Ask Your Home Inspector ...................... 361 Checklist for Financing Your Purchase .................................. 362 Checklist for Your House Hunt ......................................... 363 Closing the Deal ..................................................... 365 Figuring Your Monthly Payment ........................................ 366 Financial Planning Worksheet ......................................... 367 Interviewing Agents .................................................. 375 Mortgage Loan Types ................................................. 376 Mortgage Shopping Worksheet ......................................... 378 Requesting a Quote for Homeowners Insurance .......................... 380 How to Survive the Holidays Financially .............................. 381 The Cost of Our Happy Holiday ........................................ 407 Financial Planning Worksheet ......................................... 409 Holiday Poem ....................................................... 417 It’s in the Bag ....................................................... 418 Plan Your Trip ....................................................... 419 Your Holiday Action Plan: The Gift You Give Yourself! ..................... 420 Marriage and Money .................................................. 421 Credit Reports ...................................................... 442 Financial Planning Worksheet ......................................... 444 Setting SMART Goals ................................................. 452 Sources of Help for Military Consumers ................................. 454 What are the Issues .................................................. 456 ii << PFM Standardized Curriculum 2016 >> Contents Military Pay Issues .................................................... 457 LES Match .......................................................... 482 Military Compensation Checklist ....................................... 483 The Military Pay Check ............................................... 484 Understanding Your LES .............................................. 485 Money and the Move .................................................. 487 Acronym Challenge Note Cards ........................................ 506 Estimated Travel Costs for a PCS Move .................................. 509 Financial Planning Worksheet for a PCS Move ............................ 510 Internet Resources for PCS Moves ...................................... 512 Paying for College ..................................................... 513 Federal Student Aid at a Glance ....................................... 542 Financial Aid Term Match ............................................. 544 Factsheet on Transferability of Post-9/11 GI Bill Benefits .................. 545 Post-9/11 GI Bill Pamphlet ............................................ 548 Paying for College Internet Resources .................................. 550 Paying Off Your Student Loans ........................................ 551 Student Loan Resources .............................................. 569 Test Your Knowledge ................................................. 571 Where Do You Stand? ................................................. 572 Planning for Your Retirement ......................................... 573 Ballpark Estimate .................................................... 596 Compound Interest and Time .......................................... 598 IRAs:What’s the Difference? .......................................... 599 Military Retirement Pay Plans ......................................... 600 Planning for Your Retirement ......................................... 601 The Thrift Savings Plan (TSP) .......................................... 602 Raising Financially Fit Kids ............................................ 605 Financial Fitness .................................................... 624 Financial Planning Worksheet ......................................... 626 Resources for Raising Financially Fit Kids ............................... 633 Renting................................................................ 635 Financial Planning Worksheet ......................................... 657 Move-In Checklist ................................................... 665 Rental Search Worksheet ............................................ 666 Renting: What Can You Afford? ........................................ 668 Saving and Investing .................................................. 669 Compound Interest and Time .......................................... 698 HasInflation Affected You? ............................................ 699 iii << PFM Standardized Curriculum 2016 >> Contents Investing Resources .................................................. 700 The Thrift Savings Plan (TSP) .......................................... 702 Thinking About Investing? ............................................. 705 Which Tool is It? ..................................................... 706 Smart Transition Planning ............................................. 707 Credit Reports ...................................................... 728 Financial Planning Worksheet ......................................... 730 Financial Planning Worksheet Checklist ................................. 738 Planning for Your Transition