Personal Finance Seminar

Hoag Center for Real Estate and Finance is offering a 6 week Personal Finance seminar for anyone interested in organizing their financial affairs, achieving financial objectives, and securing a sound financial future.

Jointly offered by Hoag Center and Consumer Credit Counseling Service of Orange County

• 6 Week Summer Seminar: Thursdays starting June 3, 2010
• Time: 6:00 p.m. – 8:00 p.m.
• Location: Chapman University Orange Campus, room to be announced
• Cost: $100 for the course

Hoag Center Director: Jack Broughton, Argyros School of Business and Economics; broughto@chapman.edu

CCCSOC: Kelly Rogers, Director of Education; Kelly.rogers@cccsoc.org

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View the flyer (PDF)

CURRICULUM

Lesson 1: Money

• The concept of money: wants vs. needs, scarcity
• Income: gross income vs. net income
• Resources
• Activity

Lesson 2: Financial Paperwork

• The benefit of Filing: list of supplies
• A new Way of Filing
• Emergency folder
• 6 Category filing system: tax records
• Junk Mail
• Resources
• Activity

Lesson 3: Goals

• The concept of developing Goals: Goal Setting (short-term, mid-term, long-term)
• Resources
• Activity

Lesson 4: Budgeting

• The concept of a Budget: fixed, flexible and periodic expenses, tracking expenses, making and sticking to a budget
• Resources
• Activity

Lesson 5: Banking

• Types of financial institutions: commercial banks, credit unions
• Banking Services: checking and savings accounts, FDIC and NCUA, check writing, automatic bill pay and direct deposit, ATMs and debit cards
• Resources
• Activity

Lesson 6: Identity Theft

• Why protect yourself: statistics
• How does Identity Theft happen?
• Preventing Identity Theft
• How do you know if you have been a Victim? Recovering from identity theft, credit freeze
• Resources
• Activity

Lesson 7: Borrowing on Credit

• The Cost of Credit: types of credit, APR, How much to borrow?
• Credit Report: credit reporting agencies, 5 parts of a credit report, how to obtain a credit report, who looks at a credit report?
• Credit Scores: the purpose of the score, how a score is calculated
• Bankruptcy: chapter 7 and 13, the implications of bankruptcy, other options than bankruptcy
• Resources
• Activity

Lesson 8: Saving and Investing

• The importance of Saving: more than one reason to save
• Ways to make saving easier: goals – write them down!, the envelope method, direct deposit, incorporating saving into a budget
• Types of saving investments: the change jar, saving accounts, money market accounts, certificate of deposit, bonds (savings, municipal, corporate, treasury, government), treasury bills/notes, mutual funds, stocks, 529 College Savings Plans
• Retirement savings: social security benefits, 401(k), 403(b), annuity plans, individual retirement accounts (IRAs and Roth IRA)
• Compound interest
• Resources
• Activity

Lesson 9: Renters Rights and Home Buying

• Renters rights and responsibilities for California
• Resources
• Activity

Lesson 10: Home Buying

• Renting vs. Buying: the up-front costs of purchasing a home
• The Important People: real estate agent, lender, escrow officer
• Types of Mortgages: major types of home mortgages, important lending terms buyers need to know
• Escrow and Closing: preliminary title report, inspection, appraisal, homeowners insurance
  Resources
• Activity

Lesson 11: Car Buying and Leasing

• Can I afford to buy? The costs of a car and fitting it into a budget
• Types of financing for car purchases
• Leasing vs. Owning
• Warranties and service contracts
• “Green” Cars – does it save or cost
• Resources
• Activity

Lesson 12: Insurance

• Basic insurance terminology
• Types of insurance: health insurance, disability insurance, homeowners insurance, renters insurance, auto insurance, life insurance, umbrella
• Insurance you do not need
• Resources
• Activity

Lesson 13: Estate Planning

• What is estate planning: estate planning check list
• Intestacy
• Letter of instruction
• Will and trusts: revocable trust (living trusts), irrevocable trusts
• Advanced Directives
• Resources
• Activity

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