Personal Finance Workshop:

The Provident Living Advocates Network, in conjunction with the H. Taylor Peery Institute of Financial services, presents a series of personal finance workshops. Seminars are focused towards heads of households hoping to avoid financial mistakes in the future. Both married couples and single adults who have a desire to learn more about personal financial decisions are encouraged to attend. Some of the topics discussions include insurance, savings, taxes, and retirement. The workshop is offered every Fall and Winter semester.

"Some debt-such as for a modest home, expenses for education, perhaps for a needed first car-may be necessary. But never should we enter into financial bondage through consumer debt without carefully weighing the costs."

"Remember this: debt is a form of bondage. It is a financial termite. When we make purchases on credit, they give us only an illusion of prosperity. We think we own things, but the reality is, our things own us."

Joseph B. Wirthlin, Conference April 2004

Mission

"To empower people, through financial principles and practical help, to integrate their financial and spiritual lives, make successful financial decisions, and avoid marital discord and bankruptcy, becoming financially independent enough to serve a mission."

Course Instructors:

All instructors are credentialed financial professionals who currently work in the financial services industry. They do not represent any financial products and are donating their time.

Cost and Enrollment Information:

Please reserve your seat in advance registering online at
http://marriottschool.byu.edu/financial/workshop/register.cfm
Cost is $10 per couple or single adult for printing of workshop materials, payable in advance at the first session. Enrollment is limited. Both married spouses are expected to attend all three sessions. Infants and young children may accompany parents if they are not disruptive, but there is no staffed nursery.
A current schedule of classes is available through cheryl_mcbeth@byu.edu

Workshop Content:

Two modules will be covered in each workshop.

Module 1: Money and Marriage: Collaboration or Conflict

  • Money and Marriage, Startling Statistics
  • Communication Between Spouses
  • Family Baggage and Financial Personality Types
  • Financial Priorities
  • Budgeting

Module 2: Living Beneath Your Meager Means

  • Maximizing Income
  • Principles of Smart Spending
  • The Cost of Consumer Credit, and Other Financial Traps
  • Debt Elimination

Module 3: Saving and Investing: The Road to Freedom

  • Defining Wealth / Characteristics of Millionaires
  • Investing vs. Savings / Starting Early
  • Cash, Bonds, Stocks, Real Estate and Mutual Funds
  • Investment Strategies and Pitfalls
  • Getting Started

Module 4: Tithing, Emergencies, Credit and Home Ownership

  • Between You, Your Spouse and the Lord
  • Emergency Funds
  • Building Credit
  • Rent vs. Buy Decisions
  • Borrowing Capacity, Mortgage Options and Down Payments

Module 5: Insurance, Too Much or Too Little

  • Three Principles of Buying Insurance
  • Insurance on You, Your Spouse: Life, Disability and Health
  • Insurance on What You Own: Home and Auto
  • Employee Benefits: Understanding Your First Real Job Offer

Module 6: Taxes, Educational Savings and Estate Planning

  • Uncle Sam’s Big Plans for You
  • Understanding Tax Terms, Best Ways to File
  • Tax Credits for Education, Retirement Savings, Child and Dependent Care
  • Tax Deductions, Retirement Tax Shelters and College Savings Options
  • Estate Planning Without the Estate, How to Prepare a Simple Will

Sponsors:

The workshop is sponsored by The BYU Marriott School's H. Taylor Peery Institute and The Provident Living Advocates Network.