Personal Finance #1 Goals, Planning, & Time Value of Money

Personal Finance #1 Goals, Planning, & Time Value of Money

Personal Finance #1 Goals, Planning, & Time Value of Money

Learn core personal finance concepts from a practicing Certified Public Accountant (CPA)

Language: english

Note: 4.5/5 (55 notes) 15,840 students

Instructor(s): Robert (Bob) Steele

Last update: 2021-12-28

What you’ll learn

  • How to define personal finance
  • How to set financial goals based on your personal life situation
  • Explain the difference between finance, economics, and accounting
  • Define time value of money concepts and how they can be used in long-term planning
  • Calculate present value using multiple methods including Excel
  • Calculate future value using multiple methods including Excel
  • Calculate present value of an annuity using multiple methods including Excel
  • Calculate future value of an annuity using multiple methods including Excel

 

Requirements

  • None

 

Description

This course will cover the core introductory concepts related to personal finance.

We will include many example problems, both in the format of presentations and Excel worksheet problems. The Excel worksheet presentations will include a downloadable Excel workbook with at least two tabs, one with the answer, the second with a preformatted worksheet that can be completed in a step-by-step process along with the instructional videos.

We will discuss what personal finance is and what the differences between personal finance, corporate finance, economics, and accounting are. Learners will also understand why knowing personal finance concepts is important.

You will know how to set goals using a formal structure and process based on your personal life situations.

We will also cover time value of money concepts, including present value and future value calculations. Time value of money concepts will be important whenever we are making long term plans, such as retirement plans or a child’s college education funding plan.

Human beings are quite good at making the day-to-day decisions, often doing so by instinct and habit. However, we are not so good at making long-term, risk verses reword, decisions. Therefore, a more formal process is often needed for longer-term decisions which could have large impacts. Time value of money concepts will be a critical component of the long-term decision process.

 

Who this course is for

  • Anybody who want to put together a personal financial plan
  • Students

 

Course content

  • Presentations – Personal Finance Core Concepts
    • 1010 Personal Financial Planning Overview
    • 1015 Financial Goals & Activities for Various Life Situations
    • 1020 Finance, Economics, & Accounting
    • 1025 Financial Goals
    • 1030 Personal Finance Planning Procedure
    • 1040 Time Value of Money Overview
    • 1045 Present Value
    • 1050 Present Value Months as Period
    • 1055 Future Value
    • 1060 Future Value Months As Period
    • 1065 Future Value vs Present Value
    • 1067 Present Value Annuity
    • 1069 Present Value Annuity Months as Period
    • 1071 Future Value Annuity
    • 1073 Future Value Annuity Months
    • 1075 Present Value Cash Flow Examples
    • 1077 Future Value Cash Flow Examples
    • 1079 Present Value Terms Used In Capital Budgeting
    • 1081 Net Present Value Assumptions
  • Practice Probs. – Personal Finance Core Concepts
    • 1111 Rule of 72 & Running Balance Calculation
    • 1112 Excel Present Value, Future Value, & Number of Period
    • 1113 Present Value & Future Value Mathematical Formulas
    • 1114 Present Value & Future Value Tables
    • 1115 Rule of 72 & Running Balance Calculation Prob. 2
    • 1116 Excel Functions Present Value, Future Value, & Number of Period
    • 1117 Present Value & Future Value Mathematical Formulas Prob. 2
    • 1118 Present Value & Future Value Tables Prob. 2
    • 1119 Rule of 72 & Running Balance Calculation Prob. 3
    • 1120 Excel Functions Present Value, Future Value, & Number of Period Prob. 3
    • 1121 Present Value & Future Value Mathematical Formulas Prob. 3
    • 1122 Present Value & Future Value Tables Prob. 3
    • 1123 Rate of Increase
    • 1131 Inflation & Estimated Increase in Personal Expenses
    • 1140 Home Cost Estimated Increase
    • 1150 Savings Account Compounding Future Value
    • 1160 Future Value Annuity Investment vs Non-Annuity
    • 1161 Investment to Meet Goal Present Value
    • 1162 Annuity Initial Investment Present Value of Annuity
    • 1180 College Savings Calculation
    • 1191 Retirement Savings FV of Annuity
    • 1200 What if We Saved Our $5 a Day Coffee Habit
    • 1210 Option to Receive Money Today vs a Series of Payments
    • 1213 Loan Payment Calculation & Amortization Table
    • 1215 Monthly Loan Payment Calculation & Amortization Table
    • 1217 Annuity Due or Annuity Beginning Period
    • 1218 Present Value Monthly Periods
    • 1222 Present Value Annuity Monthly Periods
    • 1225 Future Value Monthly Periods
    • 1230 Future Value Annuity Monthly Periods
    • 1235 Annuity Due Present Value
    • 1240 Present Value of Annuity using Non Annuity Excel Functions
    • 1245 Future Value of Annuity using Non-Annuity Excel Functions
    • 1255 Retirement Plan Worksheet
  • Excel Probs. – Personal Finance Core Concepts
    • 1111 Rule of 72 & Running Balance Calculation
    • 1112 Excel Functions Present Value, Future Value, & Number of Periods
    • 1113 Present Value & Future Value Mathematical Formulas
    • 1114 Present Value & Future Value Tables
    • 1115 Rule of 72 & Running Balance Calculation Prob. 2
    • 1116 Excel Functions Present Value, Future Value, & Number of Period
    • 1117 Present Value & Future Value Mathematical Formulas Prob. 2
    • 1118 Present Value & Future Value Tables
    • 1119 Rule of 72 & Running Balance Calculation Prob. 3
    • 1120 Excel Functions Present Value, Future Value, & Number of Period Prob. 3
    • 1121 Present Value & Future Value Mathematical Formulas Prob. 3
    • 1122 Present Value & Future Value Tables
    • 1123 Rate of Increase
    • 1131 Inflation & Estimated Increase in Personal Expenses
    • 1140 Home Cost Estimated Increase
    • 1150 Savings Account Compounding Interest Future Value
    • 1160 Future Value Annuity Investment vs Non-Annuity
    • 1161 Investment to Meat Goal Present Value
    • 1162 Annuity Initial Investment Present Value of Annuity
    • 1180 College Savings Calculation
    • 1191 Retirement Savings FV of Annuity
    • 1200 What if We Saved Our $5 a Day Coffee Habit
    • 1210 Option to Receive Money Today vs a Series of Payments
    • 1213 Loan Payment Calculation & Amortization Table
    • 1215 Monthly Loan Payment Calculation & Amortization Table
    • 1217 Annuity Due or Annuity Beginning Period
    • 1218 Present Value Monthly Periods
    • 1222 Present Value Annuity Monthly Periods
    • 1225 Future Value Monthly Periods
    • 1230 Future Value Annuity Monthly Periods
    • 1235 Annuity Due Present Value
    • 1240 Present Value of Annuity using Non-Annuity Excel Functions
    • 1245 Future Value of Annuity using Non-Annuity Excel Functions
    • 1250 Home Loan Payment Calculation & Amortization Table
    • 1255 Retirement Plan Worksheet

 

Personal Finance #1 Goals, Planning, & Time Value of MoneyPersonal Finance #1 Goals, Planning, & Time Value of Money

Time remaining or 732 enrolls left

 

Don’t miss any coupons by joining our Telegram group 

Udemy Coupon Code 100% off | Udemy Free Course | Udemy offer | Course with certificate