Knowledge:

After reading through the material and doing this assignment, you will understand:

1. The burden of debt.

2. The five criteria used to compile FICO scores.

3. How to raise your credit score.

4. The financial planning life cycle.

5. The time value of money.

6. The financial planning process.

Skills:

After reading through the material and doing this assignment, you will be able to:

1. Identify actions taken to build a good credit rating.

2. Recognize the effect interest rates have on the overall cost of a loan.

3. Understand ways to finance your college education.

4. Describe steps taken to get a job.

5. Explain the value of saving as early as possible.

6. Demonstrate how to create a personal net worth statement.

TASK

As we complete a chapter, you will be responsible to post your thoughts in paragraph form. You must post first before you can reply to another student. You must also respond to three (3) other classmates. Your responses must be in paragraph form while responding to three other classmates in order to receive credit. Replies such as yes I agree or no I do not agree are not considered responses. Respectfully discuss why you agree/disagree with that person's post.

Chapter 15- Personal Finance. Topic: Being debt free from student loans. Discuss the various types of steps one can take re: savings and budgeting to avoid large student debt.