Video Details

Personal Finance Essentials

Website: http://filmsmediagroup.com/id/20033/Personal_Finance_Essentials_Financial_Literacy_for_Young_Earners.htm

Availability information for this program

Loaded with savvy tips and real-life scenarios, this comprehensive five-part series prepares students to become responsible managers of their personal finances. Each program tackles a specific topic— budgeting, banking, credit, investing, and taxes—and breaks it down into segments that can be used as separate teaching tools or remain as part of a complete lesson. With bright, clever graphics to clarify difficult concepts, decision-making pointers, and commentary from financial and accounting experts, the series educates viewers about the concepts and terminology vital to their financial literacy.

Episodes:

  • Budgeting and Financial Decision Making

    This program gives students a solid grounding in a variety of real-life money matters: it provides financial decision-making methods, advises on consumer concerns such as buying versus renting, outlines insurance types and terminology, and discusses the financial scams that students are most likely to encounter. Reviewing the critical concepts of impulse buying and opportunity cost, the video also demonstrates how to set goals and create a budget based on the 50/30/20 plan. Highlights include graphical breakdowns of the PMI and PACED decision-making methods, maintaining wireless Internet security to avoid identity theft, and a realistic way to choose when faced with a not-so-simple yes-or-no financial decision.

    Length: 00:36:26
    Usage rights: 8/15/2013 to 8/14/2018
  • Checking Accounts and Everyday Banking

    Do checking accounts earn interest? Is e-banking safe? What’s the best way to pay for things when traveling out of the country? This program schools viewers in the basics of financial transactions, then arms them with how-tos and tips for choosing a bank, writing and depositing checks, using a debit card, and balancing a checkbook. E-banking to manage accounts and transfer funds is discussed, with security concerns foremost. The video also explains wire transfers and money orders—and it advises on changing money and using traveler's checks when abroad. Highlights include the pros and cons of ATMs, hidden fees associated with checking accounts, and buying and using gift cards.

    Length: 00:31:27
    Usage rights: 8/15/2013 to 8/14/2018
  • Credit, Borrowing and Debt

    Recognizing that students may have hazy notions about the consequences of overspending, this program provides practical information on credit card use, credit reports, credit problems, and managing debt. Viewers learn how to build a credit history and raise a low credit score—and why this is important. Taking a look at a sample credit card statement, the video explains the various fees, charges, and rates, and cautions against relying on cash advances. Mortgages, home equity loans, and the more costly "alternative" loans are covered as well. The program closes with strategies for getting and staying out of debt. Highlights include applying for a car loan, a checklist of warning signs of financial irresponsibility, and ways to fix credit problems.

    Length: 00:35:42
    Usage rights: 8/15/2013 to 8/14/2018
  • Saving and Investing

    Stocks and bonds, money market and mutual funds, IRAs and Roth IRAs, CDs and annuities, and good old-fashioned passbook accounts—this program helps students make sense of the many ways to save and invest money. With input from financial experts about the risks and rewards of each, the video defines terms viewers may have heard but not understood, such as compound interest, capital gains and losses, the NASDAQ and the Dow, market risk, inflation, and dividends. Smart, clear graphics help explain how the stock market works, the four types of bonds, saving for retirement, and the value of diversifying. Highlights include opening a brokerage account, the best time to buy and sell stocks, and investing in a college degree.

    Length: 00:32:26
    Usage rights: 8/15/2013 to 8/14/2018
  • Taxes and Tax Benefits

    If you earn money, spend money, or save money, you have to pay taxes. If the money you save earns money, you have to pay taxes on that, too. This program explains the essentials of taxes, helping students to become well-informed about both earned and investment income taxes, workplace tax benefits, and filing an annual return. It covers paycheck deductions, the W-2 and W-4 forms, guidelines for using the 1040-EZ form, and tax breaks such as exemptions, deductions, and credits. Compelling graphical breakdowns urge young viewers to pay into a 401(k) plan, even if they'd prefer to spend that money now. Highlights include a demonstration of how large even a modest 401(k) contribution can grow over 30 years, and when to itemize deductions.

    Length: 00:32:03
    Usage rights: 8/15/2013 to 8/14/2018

Availability:

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