Dave Ramsey foundations scope/sequence?

[gardenmom5]

I plan on doing a personal finance/consumer math with my high school/college age sons. Now they're ready to learn it. I plan on teaching the class, not my bs economics and ba accounting husband. (but we can always go to him for more)

 

I have the scope/sequence for MUS stewardship.

 

I am looking at Dave Ramsey's Foundations, but I cannot find a scope sequence to see what it covers. All I can find are generalities; and rah, rah reviews from his own website that don't tell me very much about the specifics. Does anyone have the scope/sequence for it?

 

Has anyone been able to look at both materials and can share their input? Or another good personal finance program for this age?

 

thank you

[Lori D.]

Another rah-rah review here! :tongue_smilie:

 

We are almost finished with the program and both DSs are loving it. Older DS is now listening to Dave Ramsey radio shows and is motivated to make financial plans for himself. DH and myself had already been doing a lot of what is in this program, but WE are learning good practical stuff, too! It's an extremely easy program to do -- we watch one DVD section a day, and discuss/do the matching workbook pages at that time. It takes about 15-20 minutes. At the end of each chapter is a review and recap with a quiz and short answer and case study questions that you can use as a test, or for review discussion (we do the latter).

 

JMO, but I think EVERY student AND their parents should go through the Dave Ramsey DVDs and workbook TOGETHER before the student graduates from high school: incredibly specific and practical information in an extremely easy to understand (and entertaining!) format. It provides a great way to talk about what your own family's money practices are, and how to help your DC learn how to think and discuss financial decisions.

 

That said, below is the table of contents to Dave Ramsey's Foundations in Personal Finance. BEST of luck, whatever you go with! Warmly, Lori D.

 

UNIT 1 = SAVING and INVESTING

 

Chapter 1 - Saving

- The Seven Baby Steps

- Take the First Step

- Emergency Fund

- Purchases

- Wealth Building

- Compound Interest

 

Chapter 2 - Investment Options

- KISS Rule of Investing

- Diversification

- Risk Return Ratio and Liquidity

- Types of Investments

- Horrible Investments

 

Chapter 3 - Weatlh Building and College Savings

- Retirement and College Funding

- Qualified Plans

- Individual Retirement Arrangements

- Specific Types of Retirement Plans

- College Funding

- Three "Nevers" of College Savings

 

UNIT 2 = CREDIT and DEBT

 

Chapter 4 - Dangers of Debt

- Debt is Everywhere

- History of Credit

- Debt Through Generations

- Debunking the Myths

- Steps Out of Debt

- Debt Snowball

 

Chapter 5 - Consumer Awareness

- Buyer Beware

- Four Major Ways (sellers try to hook you)

- Significant Purchases

- What to Do (to be a "savvy shopper")

 

Chapter 6 - Credit Bureaus and Collection Practices

- Credit Score

- Credit Bureaus

- Correcting Credit Report Inaccuracies

- Indentity Theft: What to Do

- Collection Practices

- Federal Fair Debt Collections Practices Act

- Pro Rata Plan

- Lawsuits

 

UNIT 3 = FINANCIAL RESPONSIBILITY and MONEY MANAGEMENT

 

Chapter 7 - Budgeting 101

- Cash Flow Planning

- Reasons Why We Don't Do a Cash Flow Plan

- Reasons Why We Do a Cash Flow Plan

- Forms (to help create a cash flow plan)

 

Chapter 8 - Bargain Shopping

- Buying Only Big, Big Bargains

- Seven Basic Rules of Negociations

- Three Keys

- Places to Find Great Deals

 

Chapter 9 - Relating with Money

- Men, Women and Money (Over-Generalizing)

- Emergency Fund Savings

- Shopping

- Financial Problems

- Marriage and Money

- Who Does the Financial Decision-Making

- Singles and Money

- Prevention

- Kids and Money

 

 

UNIT 4 = INSURANCE / RISK MANAGEMENT and INCOME / CAREERS

 

Chapter 10 - Career Choices and Taxes

- Change Happens

- Discover Your Strengths and Weaknesses

- Identify Your Motivation and Passion

- Understanding Your Unique Personality

- Job Hunting

- Develop a Strategy

- Resumes

- Interviews

- Overtime and Extra Jobs

 

Chapter 11 - Ins and Outs of Insurance

- Understanding Insurance

- Basic Types of Coverage Needed

- Types of Insurance

- Two Types of Life Insurance

- Why Not Life Insurance as an Investment

- When Purchasing Life Insurance

- Insurance to Avoid

 

Chapter 12 - Real Estate and Mortgages

- Selling a Home

- Buying a Home

- What to Buy

- What Not to Buy

- Mortgages

- Horrible Mortgage Options

- Basic Ways to Finance a Home

 

STUDENT RESOURCES

Forms

Glossary

Edited November 7, 2010 by Lori D.
added