Unit 1 – Introduction to Personal Finance
This unit introduces the reasons to study personal finance, basics economics, and making
informed financial decisions.
Unit 2 – Earning Income
This unit discusses employment basics, becoming and entrepreneur, and factors that affect income.
Unit 3 – Tax Fundamentals
This unit discusses Income Tax, tax planning, how to prepare a tax return, and tax related forms.
Unit 4 – Budgeting and Spending
This unit discusses what a budget is, income versus net worth, choosing a bank, financial
services, debit cards and ATMs.
Unit 5 – Insurance and Risk Management
This unit discusses financial risk, health, disability, life insurance, auto insurance,
homeowner's insurance, and renter's insurance.
Unit 6 – Credit Fundamentals
This unit discusses credit, interest basics, guidelines for making decisions about credit, how
to obtain credit, and credit score.
Unit 7 – Interest Fundamentals
This unit discusses interest rates, compound versus simple interest, calculating interest,
annual percentage rate (APR), and finance charges.
Unit 8 – Credit Cards
This unit discusses criteria for selecting a credit card, credit limit, calculating credit card
interest, and preventing credit card debt.
Unit 9 – Loans and Mortgages
This unit discusses mortgage loan basics, auto loan basics, amortization, collateral, and
saving by comparing options.
Unit 10 – Credit Laws That Protect Consumers
This unit discusses the Truth in Lending Act, the Fair Credit Reporting Act, the Equal Credit
Opportunity Act, the Fair Credit Billing Act, the Fair Debt Collection Practices Act, the
Electronic Funds Transfer Act, and the Fair and Accurate Credit Transactions Act.
Unit 11 – Scams, Schemes, and Identity Theft
This unit discusses loan scams, high-cost credit schemes to avoid, and preventing identity theft.
Unit 12 – Saving and Investing
This unit discusses saving – paying yourself first, certificates of deposit (CD), U.S.
Government Savings Bonds, investment basics, risks of investing, the Rule of 72, investing in
real estate, investing in stocks, index and mutual funds, and calculating investment