- 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
- 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
Review Answers
1. What is the general trend of education costs?
The general trend of education costs is upward, i.e. the costs are steadily increasing.
2. What is the relationship between education level and annual earnings?
The relationship between education level and annual earnings is a positive one. As education level increases, annual earnings in general also increase.
3. What are the priorities of money for financing an education?
The priorities of money for financing an education are first, free money; second, family money, third, employment; and fourth, loans.
4. What are some examples of “free money?’
Some examples of free money are scholarships, grants, and any other money that does not need to be paid back.
5. What is the most important part of saving for your children’s education and missions?
The most important part of saving for your children’s education is beginning to save as soon as you possibly can and putting aside a certain amount each month starting today.
