- Budgeting
- Cash Management
- Consumer and Mortgage Loans
- Debt and Debt Reduction
- Time Value of Money 1: Present and Future Value
- Time Value of Money 2: Inflation, Real Returns, Annuities, and Amortized Loans
- Insurance 1: Basics
- Insurance 2: Life Insurance
- Insurance 3: Health, Long-term Care, and Disability Insurance
- Insurance 4: Auto, Homeowners, and Liability Insurance
- The Home Decision
- The Auto Decision
- Family 1: Money and Marriage
- Family 2: Teaching Children Financial Responsibility
- Family 3: Financing Children’s Education and Missions
- Introduction
- Decide How Education Relates to Your Financial Goals
- Understand the Principles of Financing Education and Missions
- 1. Teach your children to be financially responsible
- 2. Help your children to save for their own (and other family member’s) education and missions consistent with their abilities
- 3. Have a plan for your children’s education and missions that is consistent with your personal goals and budget and follow it
- 4. Start NOW and early in saving for your children’s education and missions
- Understand the Priority of Money for Financing Education
- Recognize How to Save for Your Children’s Education
- Recognize How to Save for Your Children’s Missions
- Know How to Reduce the Cost of Education and Apply for Aid
- Summary
- Assignments
- Investments A: Key Lessons of Investing
- Investments B: Key Lessons of Investing
3. Have a plan for your children’s education and missions that is consistent with your personal goals and budget and follow it
Develop a mission and education plan to help save for your children’s education and mission. Nothing happens without a plan. Plans that require work and contributions by children have a better chance of teaching the principles discussed than those that rely solely on parental contributions. Share this plan with your children as to what you will do and what you expect your children to do in saving for their education and missions. Then follow through on your plan.
