Description

20 hours of instruction (12 hours in person; 8 remote learning)

Day 1: Making Money

• What do different jobs pay?
• Educational requirements for different jobs.
• What does a pay stub look like?
• Introduction to taxes.
• What are jobs in the “trades”?
• Employee vs. Contract/Gig worker: The differences.
• Keeping a job, losing a job, changing jobs.

Day 2: Spending Money

• How much do things cost?
• The basics of supply and demand.
• Cost of living differences across the United States.
• What is inflation and how does it affect spending over time?
• How to build a budget – and stick to it.
• Accessing your money: using payment apps and writing checks.
• Traveling: Vacation costs, foreign currencies and exchange rates.

Day 3: Saving Money and Investing

• Using the Rule of 72.
• The magic of compounding interest and capital gains.
• How to retire as a millionaire.
• Using banks.
• Introduction to stocks, bonds and cryptocurrency.
• Saving for college
• Investing for retirement

Day 4: Debt and Credit

• Understanding interest rates historically and current, and what affects them.
• Financing large purchases.
• Credit cards and debit cards, the good, bad and ugly.
• Introduction to college loans.
• Credit scores and their effect.
• The dangerous trap of Payday Loans.
• Avoiding a debt spiral.
• Bankruptcy.