Personal Financial Management

Personal Financial Management
Rarely do we hear people asking us, "How is your relationship with money?" Do you spent your
money wisely? This question is a little sensitive but honestly, if you 're asked this question, how
would you answer? Are you guys still "talk" to each other, separated or worse, "divorced"?
Understanding your relationship with money is important in helping you manage it wisely. What am
I talking about?Do you have any idea? Ok now,I am talking about the personal financial
management.What is meant by personal financial management?Personal Financial management is
process of managing your money to achieve personal economic satisfaction.In other word,it mean
every aspect of your life that deals with money. Your personal finances affect your ... Show more
content on Helpwriting.net ...
Take out your checkbook or pull your latest bank statement to help you with this step. Jot down how
much you spend on things like utilities, groceries, entertainment, subscriptions, and so on. This
handy worksheet can help you with keeping track of expenses.In addition,you also can use a Row–
by–Column ledger, spreadsheet or other software to keep track every month. If you exclusively use
a debit card for your purchases, the bank will do this for you. Now that you can visually see how
much you fall short, you can adjust your spending or saving in certain areas to improve the situation.
Oftentimes you'll realize that by just making a few small adjustments to your spending habits, you
can significantly improve your situation. Maybe this means cutting back on one of your magazine
subscriptions, eating out one time less a month, or even just hitting the matinee instead of the prime
time movie. Typically, just saving a few dollars here and there can be enough to not only make sure
you spend less than you earn, but also apply a few extra dollars to things like high–interest credit
card debt or your retirement savings. Let me end by saying good money management is largely a
matter of making good decisions and setting up good systems to manage your financial operation. If
you can set up systems that work for your organization to handle your daily accounting, payroll,
... Get more on HelpWriting.net ...

Wealth Inequality In America
At the heart of the rise of populism in the United States is the issue of inequality. The gap between
the wealthy and poor has been growing at an alarming rate. In response, Americans have turned to
populist leaders on both sides of the aisle, most notably Donald Trump and Bernie Sanders, for a
solution. Wealth inequality poses a serious threat to future generations like mine, who, in pursuit of
the American Dream, will find upward mobility nearly impossible. Disenfranchised, desire for
innovation and growth will cease. Wealth inequality is already shaping American politics and
society, and has the dangerous potential to be the defining problem of the upcoming generation. A
sizable cause for wealth inequality in America is a dire lack of

8 Golden Rule Of All Your Worth
In "All Your Worth", I think the 8 golden rules of money and relationships work well. Because the
rules are to help people change their thoughts and give them some solutions to the financial
problems. The 8 golden rule shows the solutions to the inherent problems of money and
relationships, not just the surface ones. For the 3 keys to working with a partner who refuses to
change, I think is a good way to treat others. If the partner is extremely stubborn, following the 3
keys could help you to get a better result. However, I don't think money issues take an important
role in causing problems in relationships. As Warren mentions in the 8 golden roles, some people
use money issues as an excuse for their broken relationship. Therefore, in my

How To Write A Personal Finance Paper
Personal finance addresses the ways in which individuals or families obtain, budget, save and spend
monetary resources over time, taking into account various financial risks and future life events.
Personal finance might include checking and savings accounts, credit cards and consumer loans,
investments in the stock market, retirement plans, social security benefits, insurance policies, and
income tax management. Personal finance planning has five key components: Assessment, Setting
Goals, Creating a Plan, Execution, and Monitoring & Reassessment. No one component to a
financial plan is any more or less important than another.
Assessment is done by compiling simplified versions of financial balance sheets and income
statements. Goal–setting is done with an objective, that being to meet certain financial requirements
to include short, mid and long term goals. Creating a plan details how to achieve those ... Show
more content on Helpwriting.net ...
A forty hour work week is not a right given by the Constitution. Americans that are successful have
always had to work long and hard, many times giving up the things they love to get to that point.
Remember, your goal is to get financial responsible so you can enjoy your life and not live paycheck
to paycheck.
Stop spending every dime just because you have the mindset of "what does it matter". What matters
is that you learn to set aside money, no matter the amount for savings. One of the main reasons most
people don't ever get out of debt is because the never budget for the unknowns. Then when the
fridge goes bad, you break your arm or the transmission dies you have to go to the bank or your
credit cards to resolve the problem. Now you have another payment to stack onto the ones you
already have. Even if you don't have enough to pay for the whole bill at least the debt you owe will
already be that much

Basic Finance
Finance has a close relationship to a number of other business disciplines. It is important that we
understand why a finance major needs these other skills and abilities. Let's take them one at a time:
1. Economics provides the theory that finance uses. The field of finance is a very new discipline,
beginning formally around 1920. Before that, financial problems were referred to as "economic
problems" or (even earlier) "problems in political economy." During the 1920s, finance broke away
from economics and became a discipline of its own. Think of finance today as being applied
economics. In other words, economics provides the theory; finance takes that theory and applies it to
real world situations. 2. Accounting is ... Show more content on Helpwriting.net ...
Since insurance also enjoys some tax benefits, utilizing insurance investment products may be a
critical piece of the overall investment planning.
Tax planning: typically the income tax is the single largest expense in a household. Managing taxes
is not a question of if you will pay taxes, but when and how much. Government gives many
incentives in the form of tax deductions and credits, which can be used to reduce the lifetime tax
burden. Most modern governments use a progressive tax. Typically, as one's income grows, a higher
marginal rate of tax must be paid.[citation needed] Understanding how to take advantage of the
myriad tax breaks when planning one's personal finances can make a significant impact.
Investment and accumulation goals: planning how to accumulate enough money – for large
purchases and life events – is what most people consider to be financial planning. Major reasons to
accumulate assets include, purchasing a house or car, starting a business, paying for education
expenses, and saving for retirement. Achieving these goals requires projecting what they will cost,
and when you need to withdraw funds. A major risk to the household in achieving their
accumulation goal is the rate of price increases over time, or inflation. Using net present value
calculators, the financial planner will suggest a combination of asset earmarking and regular savings
to be invested in a variety of investments. In order to overcome the rate of inflation, the investment

Acc 281 Week 5 Final Paper
ACC 281 WEEK 5 FINAL PAPER
To purchase this visit here: http://www.nerdypupil.com/product/acc–281–week–5–final–paper/
Contact us at: nerdypupil@gmail.com ACC 281 WEEK 5 FINAL PAPER
Focus of the Final Paper
Write an 8 to 10 page Case Analysis of the following article (which can be found in the Ashford
Online ProQuest database):
Souza, M. & McCarty, B. (2007). From bottom to top: How one provider retooled its collections
[electronic version]. Healthcare Financial Management, 61(9), 67–73.
Include the following:
1) Complete summary of the case study that identifies the key problems and issues, provides
background information, relevant facts, the solution employed, and the results achieved.
2) Identify and explain the accounting ... Show more content on Helpwriting.net ...
Develop an alternative solution based on your own research using 3 to 5 academic sources from
journals, professional organizations, and websites.
3) State your informed opinion of the approach used by California Sutter Health, and provide
support using concepts from your research and personal experience.
Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 281 Week
5 Final Paper in order to ace their studies.
ACC 281 WEEK 5 FINAL PAPER
To purchase this visit here: http://www.nerdypupil.com/product/acc–281–week–5–final–paper/
Contact us at: nerdypupil@gmail.com ACC 281 WEEK 5 FINAL PAPER
Focus of the Final Paper
Write an 8 to 10 page Case Analysis of the following article (which can be found in the Ashford
Online ProQuest database):
Souza, M. & McCarty, B. (2007). From bottom to top: How one provider retooled its collections
[electronic version]. Healthcare Financial Management, 61(9), 67–73.
Include the following:
1) Complete summary of the case study that identifies the key problems and issues, provides
background information, relevant facts, the solution employed, and the results achieved.
2) Identify and explain the accounting practices California Sutter Health used in defining and
solving its collection problems. Develop an alternative solution based on your own research using 3
to 5 academic

Some people are fortunate because they have the ambition...
Some people are fortunate because they have the ambition and enthisiasm to graduate college;
others are less fortunate because of their lack of those aspects and possibilities. Everyones at least
once in their lives ponder about who they will be in the future. Those people often don't feel
satisfied in their lives because they get into a drill. Commonly non–college graduates most of the
days work to pay rent and bills. They don't have time and suficient money to enjoy life by going on
vacation to relax from daily responsabilities. People should deliberate about causes of dropping out
of college to avoid rependant in the future. The three causes of people quitting college are adjusting
the balance between work and study, unanticipated ... Show more content on Helpwriting.net ...
Therefore, they quit college. Also, unexpected information about sickness of close family member
can cause a student to forsaken college. For example, the students mom had a car aciddent and she's
not abble to work and pay the bills in the house no more due to what happned so now he has to do
all the responsabilities. This information has an effect on the student's studies because of incapacity
to focus, think about the sudden day when hes mom had an accident and almost ended her life. The
student's thoughts could lead him to sadness and depression. As a result, hes not going to care about
school anymore and decide to quit college..
The third cause of students leaving college is financial problems. Some parents don't have enough
money to pay for a school because of economical problems. A lot of people has lost their jobs due to
the economy. First they pay essential payments like a rent and bills then they convey about their
children's progress of understanding because parents don't have sufficient money to cover
educational charges, their children are obligated to quit college. Also, students who apply for
financial aid and don't obtain it, might have siblings and despite of their parents working full time,
their home allowace doesn't let them continue their education and usually just quit college.
Students quit college because of many purposes and causes. Some of them are managing the balance
between work and study, unanticipated personal

Locker Room Talk
Page 1
Locker Room Talk Ethical Case
April 18, 2010
Page 2
The Locker Room Talk Ethical Case outlines a situation that is an ethical dilemma for CPAAlbert
Gable who has performed personal financial planning for Larry and Susan Wilson. The Wilson's, in
their discussions with Mr. Gable regarding their personal finances, mentioned that in the past they
have had marriage problems but have worked through the problems and are not seeking a divorce.
Gable and the Wilson's became personal friends due to the relationship built during their personal
financial planning. Mr. Gable also performs the annual audit for one of the largest banks in the town
where they all live. The sample pulled for the audit at the bank included the ... Show more content
on Helpwriting.net ...
By following the above steps he protects the clients, the bank and upholds his professionalism and
his business ethics.
Impact to Stakeholder
The deontology approach was used to determine the course of action. This approach to ethics
emphasizes doing what one should do in accordance with rules, obligations and/or ethical principles
of the profession. The impact of the decision could cost Mr. Gable the banks account but if he would
have acknowledge upfront his knowledge of the Wilsons prior to beginning the audit on their loan
documents the situation could have been diverted. He is also losing a client, the Wilson's due to the
bank audit and the review he completed of their loan documents. If he would have acknowledged to
the bank and had the file removed from the audit all of this could have been avoided. Mr. Gable will
need to take the time and explain to his client the Wilson's but he needs to keep it at a professional
level and not discuss what was discovered only that it is conflict of interest.
Conclusion
Mr. Gable used poor judgment in his decision making process and has violated the ethic rules of the
accounting profession. During the audit of the bank documentation he should have immediately

notified the bank of the conflict with the Wilson file. He needed to be upfront with the bank and
explain the Wilson's were also a client of his for personal financial planning
Page 5
and have the file

Financial Report and Its Relevance to Investment Decision
INTRODUCTION:
Financial reporting is the process of recording, evaluating and communicating financial information
where as investment involved the allocation of resources to investment proposal whose benefit can
be derived in future.
Shareholders and investors are concerned with value of their investment and any income they expect
to drive from shareholdings. Financial reports give them an account of how directors have handled
resources given to them. The company Act specify directors' emoluments, personal interest in
contracts showing shareholders what personal benefits directors have derived from the business.
Shareholders may exercise their voting rights on what is shown in the accounts especially when they
vote for the appointment ... Show more content on Helpwriting.net ...
Therefore, management still does not pay much attention to the needs of having adequate and useful
information before attempting to make an economic decision. IV– Since historical cost method is
used throughout the financial often open surfaces during the inflationary period as figures may
easily mislead decision makers.
3. OBJECTIVES OF THE STUDY
I– The cardinal objectives of this work is to find out how significant, useful and important is the
company's financial report and statements or information on investment decision. Managers,
shareholders, creditors and other interested group seek answers to the following question about a
firm: what is the financial position of a firm at a given point in time? How has the firm performed
financially over a given period of time? What have been the sources and uses of cash over a given
period of time? To answer these questions the following statements have to be considered: balance
sheet, profit and loss account, and cash flow statement
II– to determine and find out the extent to which the company's financial information and
transaction are prepared and reported, and
III– to find out the accounting principles and conventions adopted in the preparation of financial
statement.
IV– to find out who is responsible for the false information.
4. RESEARCH HYPOTHESIS
1. Financial report is the most reliable tool for a good

A Proposal For Personal Finance
To: Department Chair, Bachelors of General Studies Administration
From: Nadira Johnson
Date: December 1, 2016
ENGL 3310_48F Technical Report Writing
Subject: A proposal for Personal Finance 101 to be added to the Bachelors of General Studies
Degree Curriculum.
The Mission Statement of Lamar University, aspires to engage and empower students with the skills
and knowledge to thrive in their personal lives and chosen fields of endeavor. I believe that the
course Personal Finance 101, directly respects our University's mission. Personal Finance is defined
as the financial decisions and activities of an individual or household. This also includes budgeting,
insurance programs, and future planning such as retirement, mortgage and savings planning. Lamar
University students will be able to increase their knowledge of inflation, risk, and the power of
interest compounding. Lamar University students will be able to gain a substantial understanding on
how to properly assess their current financial position. Accompanied by the importance of buying
insurance to protect from risks, student loan planning and calculating and filling taxes as an adult.
Students in college need to have a better understanding of their current financial status, and increase
their focus on areas in need of improvement. The Financial Awareness and Consumer Training for
Students, also known as (FACTS) completed a survey that retained information regarding first year
college students personal finance

Foreclosure in America
Foreclosure in America has been a rising and prominent problem recently, and has destroyed many
Americans hopes and dreams. Over 2.3 million homes were foreclosed in 2008, and an estimated
four million homes will be foreclosed by the end of this year. Despite the efforts of many banks and
lending companies, over half of homes will foreclose that have received their help. I believe that we
have only started in the right direction in solving the foreclosure crisis. Giving money and lowering
mortgage rates will help, but I believe we should find out why Americans are in this situation in the
first place. We are being too stereotypical when we think the only reason someone is foreclosing is
because of irresponsible payments or buying a home ... Show more content on Helpwriting.net ...
You solve this by creating more jobs, thus allowing more people the opportunity to work. If we
destroy cyclical unemployment, we make a huge stride in solving the foreclosure crisis. I also think
there are situations where any sort of temporary care should be averted until we see progress from
the homeowner. If the homeowner gave self–inflicting wounds, such as lavish and foolish spending
for inessentials, then we should only give those temporary help if we see a step in the right direction
and a change of financial thinking. We should also not help someone who believes that he or she
will receive a check from the bank and should never have to work a day in his or her life. The
American spirit has never promoted laziness and I don't think we should start today. Temporary help
to unemployed citizens should only come if the unemployed citizen has shown a desire to return
working. Everyone has a part to play in solving the foreclosure crisis, and laziness should not be
tolerated. I believe the foreclosure crisis will only continue and worsen until we understand the
needs of the American public. Giving money is not the answer entirely. Each situation is unique and
different from another. What works for one citizen may not be the solution for another. This is not
only a financial situation but a social situation in my opinion. If he or she has a legitimate reason
why they are in a foreclosure panic, such as death, divorce, sudden medical illness, or

Financial Social Work
Social workers are here to educate and train people to work on their behavior and skills to help them
take control of their money and lives. Financial social work is helping and supporting clients to
become financially stable. Financial social work is to educate and to motive a client who deals with
financial behavior change. The purpose will to be that the client learns to deal with their financial
problems and a manner way and not become a part of poverty.
Financial social work is important because of these certain facts. "In January 2014, 578,424 people
were experiencing homelessness, meaning they were sleeping outside or in an emergency shelter or
transitional housing program (module 1)". Financial social work will help people develop a sense of
financial guidance to become better at managing their money. "43 million American are shouldering
$1.3 Trillion in student loan debt (module 1)". Financial social work can help students to become
aware of their financial loans before they are hit with repayment of loans, as soon as they get out of
college. "Americans now have ... Show more content on Helpwriting.net ...
Financial social work can apply to the micro system because it can help with families, individual,
and small groups cope with their behavioral change, on how they let their behavior affect their
financial problems. By letting their behavior change the way they act or spend can cause a
negatively impact on their life. Financial social work can apply to the mezzo system by dealing with
local communities and schools on budgeting plans. Also, providing resources on free workshops and
helping with those who are unemployed. It can apply to the macro system because it seeks to help
vulnerable populations indirectly and on a much larger scale. It can bring awareness to those who
are dealing with poverty. It can apply to the macro system but having no–profit organizations and
workshops on financial

Loan Of Student Loan Consolidation
Student Loan Consolidation May Be The Response To Your Financial obligation Concern
With this, the loans stay overdue for 270 days or end up being 270 days past due at any time,
leading the loans to "default" condition.
Federal student loans are more beneficial compared to personal student loans. The interests on
federal loans are tax–deductible and on certain kinds of service, the student loan might be forgiven.
In consolidating your student financial obligation, it is suggested not to blend the federal and
personal loans together. Be sure to consolidate every one of your federal student loans.
Student loan consolidation might be the response to your heavy financial obligation problem and the
lots of problems that have needing to make numerous loan payments monthly.
Although aware of such truth, lots of customers still fall to the trap of strolling away from student
loan financial obligation which then results to series of repercussions. With this, the loans stay
overdue for 270 days or end up being 270 days past due at any time, leading the loans to "default"
condition.
Student loan consolidation should be a reliable option to prevent default and the inconveniences that
influence your credit and monetary future for several years.
Defaulted student loans are really defaults made by the customer to the lender of the terms of the
student loan agreement. It is generally dued to the act of leaving from financial obligations, resulting
in undesirable repercussions on the part

Solving Personal Debt Research Paper
Solving Your Personal Debt crisis
Do you have a personal debt problem? Debt can and will cause stress and health problem if you
don't do something about it.
Why is personal debt such a huge problem for so many of us? The solution is not simple and can
seem like it is impossible to find. The reason for this is simply because we are all different in the
way we think, feel and address issues in our lives.
The reasons for personal debt problems is vast, but this doesn't mean that all hope is lost. Nobody is
perfect when it comes to your personal debt and finances; so being self–aware is important.
The crucial steps to solving your personal debt problems
Once you find yourself in a personal debt crisis there is a simple step to get back on track
financially. Before anything ... Show more content on Helpwriting.net ...
This will tell you exactly how much additional money you have left after all the monthly expenses
have been paid. Once you know this number, the picture will become more clear and you can start to
develop a plan to cure your personal debt issues. If you're overcome with debt, then a good portion
of this money should be allocated to paying off that debt. If you don't have a lot leftover, then cuts
will have to be made or you'll have to find a way to earn more income. It doesn't matter how you
attack this situation; all that matters is that you are taking action to correct and better your financial
situation.
The next important part of your financial game plan is to set goals. Your goals should be realistic
and fit your current situation. If you're buried in personal debt, then your goal should not be "I'm
want to get out of debt." There are generally many layers to a person's personal debt; so a better goal
would be paying off a credit card and then moving on to another debt. When you set very specific
goals it becomes very easy to gauge your progress by how far you are along on your

A Research On Financial Management
INTRODUCTION
This report describes on the first section a research about financial managers, which is covered with
the job description, the roles, the skills & Knowledge, work environment and the rewards & job
outlook. What is the financial management? "Financial Management means planning, organizing,
directing and controlling the financial activities such as procurement and utilization of funds of the
enterprise. It means applying general management principles to financial resources of the enterprise"
(http://managementstudyguide.com/financial–management.htm, 2/12/2014). On the second section
describes the author's personal analysis of skills, the goals and ways of skill development. The
purpose of this ... Show more content on Helpwriting.net ...
The generic nature of the job can be misleading and the activities and roles can be different as it
depends on the size of the company. Generally some of the roles of a financial manager are to
provide and interpret financial information, to formulate strategic and long–term business plans, to
analyse competitors and market trends, to develop financial management mechanisms that minimise
financial risk, to control income, cash flow and expenditure and to manage budgets.
SKILLS & KNOWLEDGE
The key skills for financial managers, which the employers looking for, are excellent
communication, commercial and business awareness, self–motivation, the ability to work as part of
a team, excellent problem–solving, time management, initiative, good IT, analytical approach to
work and high numerical abilities and sound technical. It is also required knowledge in some
sectors. More specific, in the sector of Economics and accounting, financial managers must have a
thorough knowledge of economic and accounting principles and practice, financial markets, banking
and the knowledge of analysing and reporting financial data. Secondly, in the sector of
Administration and Management, they must have knowledge of business and management
principles involved in strategic planning, HRM, leadership technique coordination of people and
resources. Finally, in the sector of law and government, they need to have knowledge of laws,
government regulations and the democratic

Personal Loans
Personal loans are a good way to make money you have to pay for various financial commitments,
such as vehicles, home repairs, vacations and education. It is important to repay the personal loan as
specified in the terms of the loan. If you do not, you might hear a personal loan collectors.
The task of collecting personal loan is not easy. They are human beings, they feel bad position many
borrowers are present. It is their hard work to ensure that the lending institution will refund the
money paid. It is in the interest of the borrower in the work from the start with a personal loan
collectors. They are ready to help you find a solution that works for both parties. However, if you
refuse to answer their questions or return calls to discuss ... Show more content on Helpwriting.net
...
There are only attached to the loan that the loan is secured. After the bond is committed, it will be
sold to repay the loan. If there are outstanding balances, personal loans company can continue to
accept the proposal to use collection agencies or the debtor in court.
In case there is no guarantee on the loan because it is a personal loan without pay, the lender will
follow the procedure as above. account will be sent or given to the game for inspection. If the
borrower has a co–signer on the account, they will be informed before it is processed. If the receiver
will not be responsible for the loan, they also are subject to collection or charged.
The lack of willing for a personal loan is a serious problem. It can seriously affect your credit, your
ability to get credit in the future influence. A personal loan collectors will try to work with those
who fail to find a logical solution. If you do not, you will need to do more. To avoid this, you only
need to borrow money when you need to. Allocated a personal loan payment every month and save.
If you can not make a payment, please immediately contact the lender. They are more likely to work
with you if they find out about the situation when it

Personal Financial Budget Analysis
The first step in becoming financially responsible is starting out with a personal financial budget.
Absent a budget there is no way one can possibly track their income and expenses.
Before getting into what personal budgeting finances are I want to explain why budgeting is
important. For this idea, we will say that you have decided to startup a business, a personal financial
advising firm. When establishing your financial advising firm the first thing to be done is the
planning out of your company expenses. Most people would logically budget for their expenses
before they began because without this financial planning you would have no idea of whether or not
your financial advising firm could potentially be profitable. The next thing is to ... Show more
content on Helpwriting.net ...
The idea is to include all income and costs and come out with a positive cash flow on your personal
financial worksheet. If the number comes out negative then you have a problem and your expenses
will need to lower.
Now you know exactly what a budget is and how to make one. The next thing to is run a few
Google searches an find a budget template to make things easier.
You need to keep a budget every month. No, you cannot simply make one plan for the whole year
and stuff it away somewhere to forget about it. Our income levels change and our expenses change
and these changes need to be accounted for.
To be successful with your personal budgeting plan you need to make out a projected personal
budgeting plan for the whole year. Then as each month passes you can make monthly adjustments.
The other thing to do is keep a record of your actual income and expenses and compare that to your
personal financial budgeting worksheet. You want to make sure that your original estimates were
correct or at least

Various Types Of Occupational Fraud
Types of Fraud
The Association of Certified Fraud Examiners displays what is known as the Fraud Tree. It is a
representation of the three major types of occupational fraud (www.acfe.com). Occupational fraud is
any scheme that involves employees taking cash, resources, or misapplies assets of the business for
their personal gain (www.smartceo.com).
Type I: Corruption
Corruption is an intentional, dishonest act where an employee abuses their position in the company
for personal gain (www.curtin.edu.au). It can take many forms. Bribery is a form of corruption. This
is receiving or paying for illegal advantages. An example of bribery is a company official paying a
public official to gain advantage over competitors. Embezzlement is another form of corruption.
This is when someone has legal access, but not ownership of assets, that steals them for personal
gain. For example, the treasurer of the local PTA may decide to take PTA funds to buy her
daughter's prom dress. Conflict of interest is another form of corruption. If the purchasing manager
sits on the board of his wife's company and then awards contracts to her company, that is a conflict
of interest.
Type II: Asset Misappropriation
This is the most common form of occupational fraud and accounts for over 85% of fraud cases. It
also usually has the lowest cost of loss. Asset misappropriation is the intentional, illegal use of the
company's assets for one's personal use (Mohlenhoff & Uhl, 2014). An example would

Personal Credit Card Debt Research Paper
PERSONAL CREDIT CARD DEBT Counseling
What is PERSONAL CREDIT CARD DEBT Counseling?
Interest rates of all bad debts incurred by debtors become progressively more high to the idea an
individual's payment isn't even enough to pay just the interest. Specific resort to numerous different
credit card debt solutions programs and personal credit card debt counseling is merely one of your
many possible selections. But, thinking about opt for debts counseling?
This technique enlists the assistance of professional arrears counselor. Their role is to do the
negotiating with your credit card issuer in relation to possibly cutting your current credit balance.
Some may suggest you enter a debt consolidation reduction program after they have assessed that it
could help relieve your financial condition while reducing personal credit card debt.
You are going to typically ... Show more content on Helpwriting.net ...
The options of credit card debt relief programs are very extensive. Hence, choosing whether arrears
counseling might provide best & most productive credit card debt relief method is difficult. Every
credit company has their own counselors that are in charge of handling the budgeting, credit, and
debt management aspects. Therefore, having a trusted personal debt counselor provides the financial
group you will need also.
If you're still doubtful, ask your personal credit card debt counseling agency the next questions to
determine whether this credit repair service is good for you:
– How much will the service run you?
– How much is the ratio of obligations or if there are any concealed fees?
– What selection of services do you really offer? Would it meet my credit card debt relief needs?
Once you've determined a particular debts counseling firm provides services specific to your
preferences and still enable you to save some cash right after paying the program's services, it will
not be considered a bad option for credit card debt relief then.
Benefits of Debts

Why Students Drop Out Of Community College
College Dropouts
Do you ever wonder why students drop out of community colleges? Each year 30% of students drop
out of college. The transition from high school to college is very interesting and some people are not
ready to go straight to college right after high school. Just a couple months ago, I had to ask my
teachers for permission to stand up from my seat and to leave the class now in college there is much
more freedom. Now I make my own decisions and if I need to leave class I just get up and leave
without permission, knowing it's on me. Speaking from my own experience, I did not feel prepared
college. In my high school there was more pressure on making it to graduation than to actually
attend college. A lot of students believe that college ... Show more content on Helpwriting.net ...
As I said about how people drop out school because of financial problems, students have to work
full time and that work schedule conflicts can be a personal reason for students to give them a
reason to drop out of college. Melissa Rhone states that, "Non–traditional students with full–time
jobs have to put work first, and some classes are only offered during the daytime." Therefore, if
school is affecting a student's job it is easy for the student to dropout. Another personal reason for a
student to drop out of college can be when a student is homesick. Rhone emphasizes that, "Going to
college across the country from the only home you've ever known might have sounded like a great
idea at the time you filled out your application, but an extreme change may be more than you
bargained for" (Nutt). Although students may think that it's a great idea to go to college far from
home they can end up missing home too much and end up dropping out of college. In Rone's view,
"A death in the family, an unplanned pregnancy or a chronic health problem can all occur out of
nowhere." These are also some personal issues that may cause students to leave

Ethics And Financial Reporting Decisions
Abstract. The article reviewed was The Impact of CFOs' Incentives and Earnings Management
Ethics on their Financial Reporting Decisions: The Mediating Role of Moral Disengagement. The
key of the abstract is demonstrate how CFO's personal incentives, interests of stakeholders, and
regulatory reforms influence on earnings management ethics (p. 505). The authors focus on the role
of CFO's optional accruals through the presence and absence of incentive conflict.
Introduction. The authors studied the earnings management and its manipulation techniques that
executives use to obtain preferred financial results. The regulatory changes promoted an aggressive
financial reporting. The pressure of mandatory reforms and financial markets affect CFO's personal
financial interests and interest of corporation that the management can manipulate with. The authors
investigated the influence of incentive conflict and earnings management ethics on financial
reporting (p. 506). The main objective of research is to comprehend the earnings management
structure, earnings management ethics, and examine methods to minimize CFO's harmful effects on
earnings.
The authors viewed ethics and financial incentives as keys of earnings management. Low ethical
standards and personal financial targets increase the issues of CFO's earnings management behavior
(p. 506). Motivations of executives set the ground for ethics. Therefore, researchers considered two
problems in the study: CFO's moral disengagement, and

The New Fraud Triangle Model
Journal of Emerging Trends in Economics and Management Sciences (JETEMS) 3(3): 191–195
© Scholarlink Research Institute Journals, 2012 (ISSN: 2141–7024) jetems.scholarlinkresearch.org
Journal of Emerging Trends in Economics and Management Sciences (JETEMS) 3(3):191–195
(ISSN:2141–7024)
The New Fraud Triangle Model
1
Rasha Kassem and 2Andrew Higson
1
British University in Egypt
Cairo–Suez Desert Road, El Sherouk City
2
School of Business and Economics, Loughborough University,
Loughborough, LE11 3TU, UK
Corresponding Author: Rasha Kassem
___________________________________________________________________________
Abstract
Fraud in corporations is a topic that receives significant and growing attention from regulators, ...
Show more content on Helpwriting.net ...
This enables them justify the crime to themselves in a way that makes it acceptable or justifiable.
LITERATURE REVIEW
Why people commit fraud was first examined by
Donald Cressey, a criminologist, in 1950. His research was about what drives people to violate trust.
He interviewed 250 criminals over a period of
5 months whose behaviour met two criteria: (1) the person must have accepted a position of trust in
good faith, and (2) he must have violated the trust. He found that three factors must be present for a
person to violate trust and was able to conclude that:
Cressey found that:
"In the interviews, many trust violators expressed the idea that they knew the behaviour to be illegal
and wrong at all times and that they merely kidded themselves into thinking that it was not illegal"
(page
741).

191
Journal of Emerging Trends in Economics and Management Sciences (JETEMS) 3(3):191–195
(ISSN:2141–7024)
Over the years, Cressey's hypothesis has become well known as "the fraud triangle" as shown in
Figure 1 below.
The first side of the fraud triangle represents a pressure or motive to commit the fraudulent act, the
second side represents a perceived opportunity, and the third side stands for rationalisation (Wells
2011).
Pressure
Opportunity
Rationalization
Figure 1: Fraud Triangle
Source: Wells, J. T., 2005. Principles of fraud examination. Hoboken, New York: John Wiley and
Sons
In 1953, Cressey

Integrative Studies : A Modern Day Collaboration Of...
Definition I would personally define Integrative Studies as a modern day collaboration of cultural,
diverse, and intuitive approaches in understanding how individuals rationalize their thoughts and
ideas when addressing and solving an issue or challenge. The collaboration of various applied
theories and conducted research combine to find the underlying reasons for the occurrence of
problems or issues. One must be able to dissect an issue or problem through multiple perspectives to
find "hidden" solutions. When an individual restricts its thought process in one direction, of problem
solving, it leaves the possibility of having certain "rocks unturned." Also, when those responsible for
addressing an issue broadens their view to allow ... Show more content on Helpwriting.net ...
In addition to those two experts it might be beneficial to employ an individual who specializes in
managing the development of a new project. Connecting the bridge between the two individuals to
collectively work towards finding whether the product will be profitable. The integration of these
areas would have a productive combination that could present itself very profitable if the new
product sold well.
Education
My three areas of concentrations are Organizational Leadership, Human Resource Development,
and Personal Financial Planning. The breakdown of these three areas entails a generalized view of
the internal structure of most companies. Where there is a Human Resource department and
management team. Both areas of the company would need to work together for the betterment of the
company and its employees.
The Human Resource Development courses are structured to equip me with the knowledge of what
happens in the HR department as well as the specific departments and positions within the HR field.
Often, the only time employees interact with the Human Resources representatives are when such
employee is going through the process of application screenings, orientation/onboarding, and
training and development programs. Though these programs and processes are essential to the
company, as a whole, there is more that goes into the HR department than what the employee might

Poor Credit Personal Loan Essay
An ultimate solution of problem: poor credit personal loansAn ultimate solution of problem: poor
credit personal loans
Are you entangled in financial predicament? Are you planning for a break, but don't have the funds?
Do you know the solution? The solution for them is personal loans. But what if you have poor
credit! The finance market does not disappoint you in this case! Financial predicaments may occur
to any individual. An individual attaches poor credit to his credit record for any unforeseen reason.
For such individuals there are poor credit personal loans.
Poor credit like arrears, late payments, CCJs, IVA, defaults, bankruptcy, self employment, etc
attaches to your credit history. Poor credit personal loans was bit difficult to be approved in the past
but with change in time you can mark the difference and get the same with no issues. Poor credit
personal loans are taken for any reasons. The reason varies from person to person. You can take poor
credit personal loan for home ... Show more content on Helpwriting.net ...
No matter whether you take the loan searching in person or online, but sticking to your repayment
term is important. This proves your repaying capacity.
Thus, poor credit personal loans meet with your personal needs and enhance your credit history.
Summary
Poor credit personal loans are taken at any point of time. This helps to get rid of your credit problem
by sticking to your credit record.
Anton Gabriel is the author of this article. He aims to inform common people of the several issues
involved in bad credit loans and mortgages through his articles. To find Fast Poor Credit Loans,
Online Poor Credit Loans, Cheap Poor Credit Loans visit http://www.poorcredithistoryloans.co.uk
Please be advised that

Overcoming Personal Loans
In today's life everybody has to face financial problems once a life time it's a social dilemma of
every individual in society. But luckily, personal loans can be helpful in resolving short term
monetary issues offered on our site. Steps to apply for a personal loan are as following:
Open site there will be application forms fill that form by entering all your basic personal details.
You'll be asked for your bank details for financiers to deposit money directly on your bank account.
Submit your filled application form and leave the rest to the money service do its part! They will
find the best financiers to help you with overcoming you financial issues. You'll be able to select the
best and outstanding loan term and conditions with out

Benefits Of Personal Bankruptcy
If your financial worries are keeping you tossing and turning every night, you may need to consider
filing for personal bankruptcy in hopes of getting some relief. It's really not surprising that there are
so many personal bankruptcy cases with as much credit that is extended these days. If you pay your
bills, you are rewarded with the ability to run up more bills. More often than not, that responsibility
is just too much to handle. It may have seemed realistic to add one more minimum monthly payment
when you splurge with your new credit card, but too many of those minimums can overwhelm you
with mounds of debt before you know it.
Personal bankruptcy can result from mismanagement of finances, loss of a job, divorce or other
various situations that are out of your control. Personal bankruptcy can be a positive step towards
healing your financial problems. It's rarely a pleasant thought, but many times personal bankruptcy
is the best option and the first step into getting your financial future under control.
If you decide that ... Show more content on Helpwriting.net ...
There are two types of personal bankruptcy: Chapter 7, which erases most of your debts, and
Chapter 13, which creates a debt repayment plan. All of your financial records will be reviewed and
your personal bankruptcy lawyer will decide exactly which type of personal bankruptcy is suitable
for your circumstances.
Once the decision of filing for personal bankruptcy is made, many of your worries will become a
distant memory. Creditors will no longer be allowed to take any further action against you. That
means an end to harassing phone calls and threatening letters. That means you will finally have
peace of mind and a peaceful night's sleep.
Choosing experienced Fort Worth bankruptcy lawyers will increase your chances of obtaining the
debt relief you need to get back on your feet

Checking Personal Loans
Applying for credit cards with poor credit is a waste of time. Borrowing cash from your relatives is
often more challenging than getting a bank loan. That's when a no credit check personal loan is your
very best option.
Loans with out credit checks are called "personal loans" because they are nothing more than loans
dependent upon a handful of personal details. These are small amounts of cash you may obtain
without much waiting or inconvenience and with no credit worthiness check. Financial lenders that
provide personal loans don't actually look at your credit record, so they don't take your financial past
into account when deciding whether or not to provide you the money you need.
Applications for conventional bank loans look at your personal ... Show more content on
Helpwriting.net ...
These days, personal creditors providing personal loans without a check of your credit score are all
over the place, from storefronts to internet lending websites. These companies look at your present
employment circumstance, your income, and a couple of personal references in order to give you the
modest personal loan you require.
Requirements for granting credit free loans vary from one loan company to the next, but essentially
all you need is a source of income, a paystub that proves you have a reliable income, and a bank
account. Acceptance is pretty much guaranteed for individuals who meet the lender's standard
conditions.
Obviously, the main advantage of a no credit check loan is that loan providers don't even look at
your credit report or background. Since your credit background is not a factor, the probability of
getting your loan is excellent.
Personal financial loans without a credit check can end up being employed for any kind of reason at
all, unlike bank loans which are commonly targeted to a precise need. These loan products vary
from $100 up to $1,500 though more substantial financial loans are offered

Personal Financial Advisors
The World of Personal Financial Advisors
Personal financial advisors give financial advice to people; they provide advice on investments,
insurance, mortgages, college savings, estate planning, taxes, and retirement to help individuals
manage their finances. Advisors help clients plan for short and long term goals, such as meeting
education expenses and saving for retirement through investments. They invest clients' money based
on the clients' decisions. Financial advisors spend a lot of time marketing their services, and they
meet potential clients by giving seminars or through business and social networking. Having a good
relationship with their clients gives financial advisors insight on how to create a financial strategy
that reflects your ... Show more content on Helpwriting.net ...
For the most part they travel to attend conferences and or teach finance classes in the evening to
build their clientele. Financial advisors work tends to be less stressful than other financial
occupations. Advisors held about 249,400 jobs in 2014. A consultation is the initial part of the
process when a personal financial advisor works with a client, this in–person meeting will involve
creating a financial plan that can help a client with recommended improvements, investments or any
identifiable problems. The employment of financial advisors from many industries such as, other
financial investment activities 29%, securities and commodity contracts intermediation and
brokerage 23%, credit intermediation and related activities 16%, management of companies and
enterprises 3%, and professional, scientific, and technical services 3%. One in five personal
financial advisors was self–employed in 2014. The employment of personal financial advisors is
projected to grow 30 percent from 2014 to 2024, much faster than the average for all occupations.
Most advisors work a full time schedule and about 3 in 10 worked more than 40 hours per week in
2014. The prospect of jobs for personal financial advisors should be relatively favorable compared
with prospects in other financial sector occupations. Financial advisors who were to get certified
would have the best prospects for jobs. Financial advisors are ranked

Problem Of Identity Theft Essay
Identity theft is the fraudulent acquistion and use of a person private identifying information, usually
for finacial gain. Identity theft can happen to anyone, it can happen several different ways. A lost or
stolen wallet which has personal information in it, credit cards, mail that has been thrown away, and
over the internet. Your personal information can also be stolen from stores you shop at, your doctors
office, or even your childrens school. Identity theft can cause problems upon a person such as
financial problems, credit issues, problems with the law, and legal problems. Identity theft is one of
the fastest growing crimes in America. Over nine million people have been victims. This problem
needs to be solved because there are millions of people in the United States whose lives ruined from
this crime. The reasons people commit identity theft are because of the easy money and revenge
motives. Unemployed people can use a persons identity to open accounts or steal money from
accounts. A person could have an enemy that can destroy your identity just to cause problems in
your life because they do not like you for personal reasons. Criminals can also use your ... Show
People need to be educated about this crime. Identity theft is growing daily. There are young
children already having there identity tarnished because of their careless actions. One problem is
people trust the internet for everything. Teens and adults will put their personal information on the
internet for the entire world to see.. It is not only the youths fault but its also the parents fault for
being careless and allowing youth to have such free access to the internet without proper
monitoring. People need to be more strict and educate their children on what to disclose on the
internet. There are millions of computer hackers and criminal websites waiting for the right
opportunity to commit this type of

How Does Financial Knowledge Affect Financial Behaviors
Through different studies on evaluating people's financial management, it is easy to find that
financial knowledge produce significant effects on the effectiveness of people's financial behaviors.
On the one hand, the level of people's financial knowledge will affect their financial investment and
financial management. Chen and Volpe surveyed 924 college students to examine their financial
literacy and the relationship between financial literacy and student's characteristics. They found that
the level of personal financial literacy could affect the students' personal perspective of finance and
further influence their financial decisions. According to their study, college students with less
financial knowledge had negative opinions about financial management, and they were more
potential to make inefficient financial decisions. The low level of college students' financial
knowledge limited their abilities to make effective financial choices (Chen and Volpe, 1998). On the
other hand, the level of people's financial knowledge will influence the degree of accepting complex
financial products and the participation in the financial market. Van Rooij and Alessie analyzed the
relationship between financial literacy and retirement planning in the Netherlands. They drew a
conclusion that there was a strong and positive relationship between the level of people's financial
knowledge and retirement planning. Those who had a higher level of financial literacy were more
likely

The Stress of Attending College
Deciding to go to college is the hardest decision a student can make and the most stressful. Caused
by many reasons, the stress is present whether one is in their first year of college or their last.
Deciding to attend college is frightening for students; this is because it means going into the world
and growing up. Along with the decision come a number of stressful responsibilities and changes
that a student has to put up with. The reasons for so much stress fall into one of three categories:
academic stress, which has anything to do with studying for classes, financial stress, which has to do
with paying for school, and personal stress. Many students experience stress, and they have to
combine their busy lives and the demands of college and still make time for themselves. We all
experience stress in college getting ready for exams, completing papers, or adjusting to college life.
We all know that being stressed for a long time may cause health issues. Although stress can be
harmful at times, it can also be good and stimulating. Stress can also be good, because of facing new
challenges helps students grow up and learn new things. Dealing with academic and personal
stressors is the hardest part about college, and it will interfere with personal life and help experiment
life's options.
A major academic stressor that college student have are grades. In college, in order to get into a
certain program for the career students are competing with each other due to grades.

Assessment of Personal Financial Wellness of Teachers
Proper financial education is an important part of life because it affects virtually every aspect of it.
Everyone will likely someday face a difficult financial situation, whether large or small, that
requires time and money. Having a good understanding of daily cash inflows and outflows in
personal finances will help make tough situations less stressful and easier to handle.
Cash (1996) Among five risk stressors in life ( relationships, work, health , crime/violence, &
personal finance), personal finance was rated as the number one source of stress, concerns about
personal finance are five times higher than those regarding health. Garman et al (1996) research has
indicated a relation between personal finance stress and backache, ... Show more content on
Helpwriting.net ...
2. Is there a relationship between the level of financial wellness and the demographic characteristics
of the respondents? 3. What are the common sources of information on financially related decision
that the public school teachers commonly accessed? 4. Personal perception of the teachers if they
are qualified to integrate financial education in their respective subjects? 5. What are the most
desired financial education topics of the respondents? 6. How many of the teachers have participated
in a financial education program in their formal school or through their employer.
Respondents
The respondents are public school teachers of a selected public school in Imus Cavite.
Demographic Characteristics
Demographic characteristics, such as gender, marital status, education, ethnicity, age, income,
number of young children ( financially dependent children ) , housing tenure and years in service.
Financial Wellness Scale
This researcher has obtained from Personal Finance Employee Education Foundation through Ms.
Mary Moldenhauer, a paper approval for the use of their developed and validated Personal Financial
Wellness Scale.
PFEEF is a non –profit organization that promotes and facilitates financial education in the
workplace with address at 9402 SE 174th Loop Summerfield Florida,United States 34491.
The Personal Financial Wellness Scale is an eight –item self–report subjective

Why Do Companies Avoid Double Taxation?
When formatted as a partnership, a business's revenues and expenses are passed to each partner
directly to avoid double taxation. A corporation, however, will have its recognized revenues and
expenses taxed before profits or losses are passed to the owners, who will then have their income
taxed on a personal level (Hoyle, 2014, 630). A partnership will see a decrease in each partner's cash
assets as well as the possible liquidation of non–cash assets to pay for the damages that do occur.
The decrease in the partners' capital will reflect on the financial statements.
Since there is an estimate for the damages, $2,000,000, and the damages from the lawsuit are
probable, Amazon's income statement should record the damages as an expense and there ... Show
This is one of the greatest benefits of forming a corporation as opposed to a partnership. "A
corporation is viewed as legally separate from its owners, so losses cannot be passed through to
them. A corporation has the ability to ... carry forward remaining losses to decrease future taxable
income (for up to 20 years)" (Hoyle, 2014, 630). However, there are times a shareholder can face
personal liabilities, such as if the shareholder gives a personal guarantee. This is because a personal
guarantee would mean the shareholder giving it is doing so independently of the corporation. Since
we do not know the reasoning behind the lawsuit, it would be impossible to determine whether the
lawsuit could affect any of the shareholders personally.
The ease of setting up a partnership and the avoidance of double taxation does come with
disadvantages, the most notable of which being the risk of unlimited liability. If Amazon was set up
as a partnership, each partner would be at risk for personal liability due to unlimited liability. The
risk of unlimited liability means that "any partner can be held personally liable for all debts of the
business" (Hoyle, 2014, 630). Even if the lawsuit was due to the error of one partner, all assets
invested in the partnership as well as each partner's personal assets are at

Bus3062
BUS3062
Assignment 1, Week 1
1. Define the terms finance and financial management, and identify the major sub–areas of finance.
Finance is the way in which money is used and handled; especially, the way in which large amounts
of money are used and handled by governments and companies (Merriam–Webster, 2014). Financial
Management is the planning, directing, monitoring, organizing, and controlling of the monetary
resources of an organization (Businessdictionary, 2014). The major sub–areas of finance are:
investments–involves methods and techniques for making decisions about what kinds of securities
to own; financial management–deals with a firm's decisions in acquiring and using the cash that is
received from investors or from ... Show more content on Helpwriting.net ...
An advantage are corporate shareholders cannot lose more money than they originally paid for their
share of stock. A disadvantage to being a corporation is that corporations are double–taxed. Federal
and state government tax corporate income once at the corporate level, and then the shareholders
pay taxes again at the personal level. Hybrid Organizations promotes the growth of small
businesses. An advantage is that they offer single taxation and limited liability to all owners. A
disadvantage is that the owners bear personal liability for the firm's debt (Cornett, Adair, &
Nofsinger, 2014). 3. Define the terms agency relationship and agency problem, and list the three
approaches to minimize the conflict of interest resulting from the agency problem. Whenever one
party hires someone else to work for him or her that is an agency relationship. An agency problem is
when the manager that is hired by the firm to operate the firm spend company money to improve
their own lifestyle instead of earning more profits for shareholders (Cornett, Adair, &
Nofsinger, 2014). The first approach is to ignore it, of the amount of money involved is small
enough relative to the firm's cash flow. The second approach is to monitor the manager's actions.
The final approach is to make the manager an owner. Making the manager an equity stake in the
firm. 4. "Why is ethical behavior so important in the field of finance" (Cornett, Adair, &
Nofsinger,

Personal Finance Chapter 1 Summary
Semester 1 is the basics of business and personal finance. These chapters are about planning your
personal finances, banking and credit, the fundamentals of investing, and planning your tax strategy.
These chapters show and prepare you for the world that is coming. Chapter 1 is about personal
finance planning, opportunity costs, and financial strategies. This chapter describes the steps in the
financial planning. Also, when making your financial decisions, considers both the personal and
financial costs carefully. Personal financial planning means spending, saving, and investing your
money so you can have the kind of life you want as well as financial security. Time value money is
the increase of an amount of money as a result of interest ... Show more content on Helpwriting.net
...
Personal financial statements can give you a good idea of where you're headed financially and
where you are now in relation to your financial goals. Recognizing the relationship between
financial documents and money management strategies Developing a personal balance sheet and
cash flow statement Creating a budget that's practical for you Chapter 4 is about consumer
purchasing strategies and legal protection. You learn about consumer purchasing, and resolving
consumer complaints. Prices and quality can be very different from one store to another. Down
payment is a portion of the total cost of an item that must be paid at the time of purchase Fraud is
dishonest business practices that are meant to deceive, trick, or gain an unfair advantage
Determining the factors that influence your buying decisions Chapter 4 applies that if you
understand the factors that influence your buying decisions and recognize the choices that are
available to you, you will be more likely to buy quality products and get the best value you can for
your money. Knowing how to resolve consumer problems will help as a consumer and protect you
from being hurt financially by consumer fraud. Knowing how to describe the legal alternatives
available to

Financial Literacy Classes Essay
As the years go on, more and more states require their students to complete a personal finance or
financial literacy course. For example, in the state of Tennessee it is required that all students must
take a half credit, or one semester, of personal finance to graduate high school. However, some
people may ask themselves, do required financial literacy classes actually help students? The answer
is yes, required personal finance and financial literacy classes do help students and young adults in
their futures as they graduate high school or college, and they should be mandatory across the U.S.
Requiring students to take a personal finance course does help students make better financial
decisions later in their lives. Many teenagers and young ... Show more content on Helpwriting.net ...
is because many schools are either not putting enough emphasis on the class or they are treating the
class like a core course such as science or history. Personal finance classes should be treated like
sports in a way. There are so many different situations and possibilities based on the actions of the
individual that there isn't a clear cut right answer to every problem. Students have to practice
different situations and treat the class like it is happening to them in real life, just like how a sports
practice mimics a real game. Matthew Frost, an 11th and 12th grade American history and
economics teacher at Sunset High School in Dallas, tries to bring his personal finance lessons to life
by pairing students up as married couples and giving them a couple "children" to be responsible of.
During the class, "Students must then create a budget based on the average income range for their
neighborhood, or about $21,000 to $40,000 per year...Mr. Frost has them randomly pick 'chance
cards' from a bag, which might tell them they need new brakes for their car, broke an arm, suffered a
death in the family, or found $20". Students also learn investing money, how to use credit wisely,
insurance, and careers. One of his previous students wrote to Mr. Frost about his experience and
said, "I [also] learned that good budgeting has to be maintained throughout a person's life no matter
the income, no matter the living

Personal Finance In Education
"The United States are ranked well behind Chinese and Australian students in financial literacy, and
new research shows over sixty percent of American teens don't know how to approach basic
financial problems" (Shepard). There are many beneficial reasons why personal finance should be
required in high school a few of which are: young adults are lacking the basics, there isn't any
personal finance being taught in the classroom, it's a part of our everyday life, and Americas debt
lies in our future. The lack of personal finance being taught in the classroom is a major concern in
the United States. One of the most critical reasons why personal finance should be taught in the
classroom is because young adults are illiterate about personal finance. ... Show more content on
Helpwriting.net ...
Students are asked simple personal finance questions, yet most are uneducated about what the right
answers are to those questions. Knowing about personal finance before adulthood can help future
generations not repeat the same mistakes as past generations. People who don't have a basic
knowledge about financial literacy tend to not plan for retirement, and are more likely to borrow
money with high interests rates not knowing how much it will cost them (Shepard). Learning to
create a budget, saving money, and using a credit card with understanding the fees and the interest
rate are basic concepts but are usually misunderstood until later in life. Personal finance questions
come up in adults life's everyday, however some adults can find these questions to be very difficult.
By educating young adults with every day life situations about personal finance knowledge before
adulthood can eliminate poor financial decisions later in

Financial Problems With Bad Debt Management
Bad debt management is at an all time high. More people are having more financial problems than
ever before. Bankruptcy is at an all time high. Financial stress is tearing families apart.
Many people think debt consolidation is the answer to all their financial problems. Just think... you
get one loan to pay off all your debts. Then, you only have to deal with one company and one
payment. You have to admit, it sounds very good.
However, getting a debt consolidation loan will not likely resolve existing financial problems until
or unless one learns how to manage their debts. Financial abuse can get out of control. It can
become additive just like drugs or alcohol. Often, financial mismanagement occurs because of lack
of understanding. ... Show more content on Helpwriting.net ...
Nevertheless, when you know he/she has your best interest at heart, you 're more likely to follow the
advice you get.
You should talk with several different counselors. Learn as much as you can. Find someone that
really listens. If possible, talk with someone that has worked with the counselor. Get information on
what the counselor has done to help other people. Don 't be afraid to ask specific questions: What
will the counselor will do? What will you be expected to do? How much it will cost? How long will
it take?
Once you 've found a good debt management counselor with a proven track record, commit yourself
to listening to and applying the advice you receive.
2. Make Debt Reduction as a Priority
Every debt is different. You have different amounts to pay. The interest rates vary. It may not make
any difference on how you decide to tackle your debt. The most important point is that you focus on
paying off your debt.
Once you 've gotten some good advice from a debt management counselor, together you can
determine the best way to pay off your debts. You should feel good about your financial plan. Each
time you pay off a debt, you will feel better. Each time you pay a debt, you are one step closer to
financial freedom.
Make paying off your debts the biggest priority and you will soon be on the road to a debt free life.

3. Follow Your Budget Plan
One major key to success in debt management is

Are Personal Financial Characteristics Healthy?
– The meaning of personal finance
".....the ability to use knowledge and skills to manage financial resources effectively for a lifetime of
financial well–being" (pg. 66). Supporting our earlier study (Yates and Ward, 2010) After reviewing
the literature on financial literacy, the following common personal finance knowledge topics were
determined: emergency funding; saving and spending plans; using credit effectively; consumer debt;
home mortgage debt; building wealth; financial planning and risk management; retirement planning;
saving for children's education; and estate planning. (Are Your Personal Financial Characteristics
Healthy?)
All financial decisions and activities of an individual, this could include budgeting, insurance,
savings, investing, ... Show more content on Helpwriting.net ...
Even if you try to take care of themselves very well. So is keeping your personal financial
management. You should not ignore that part of the money for emergencies or incidents that cause
you to lack of income.
Providing for your family's financial security is an important part of the financial planning process.
Having the proper insurance coverage and policies in place can provide peace of mind for you and
your loved ones.
The savings created from good planning can prove beneficial in difficult times. For example, you
can make sure there is enough insurance coverage to replace any lost income should a family bread
winner become unable to work.
It used to be called saving for a rainy day. But sudden financial changes can still throw you off track.
It is good to have some investments with high liquidity. These investments can be utilized in times
of emergency or for educational purposes.
Understand the importance of personal finance on avoiding/eliminating debt. By keeping on top of
your personal finance management you can avoid falling into the easy debt trap that is so rampant in
our society.
How do people think about Personal Finance (Divided mainly by age and some interesting case by
gender,

Personal Financial Management

Recommended

Recommended

More Related Content

Similar to Personal Financial Management

Similar to Personal Financial Management (11)

More from Jessica Deakin

More from Jessica Deakin (20)

Recently uploaded

Recently uploaded (20)

Personal Financial Management