What I Did: I read many different informational slides relating to various aspects of the adult financial world. After reading all the lessons and participating in the interactive quizzes I took final 4 exams; all of which I passed.
What I Learned: In lesson 4 I learned about dealing with banks. The text detailed all the advantages and pitfalls of opening different kinds of checkings and savings accounts. I learned to always check different interest rates and fine print conditions that could end up hurting me or my credit in the long run.
Lesson 5 dealt with budgeting. I learned a lot about tracking my monthly and yearly finances and ensuring that I can make enough to cover all my expected epenses. it was also helpful to read about adjusting expected budgets.
In lesson 6 I learned about the dangers of credit. The texts told me that I should always avoid relying on credit and I should never take out a mass amount of credit such as fifteen credit cards. I saw how easy it is to fall into debt and not be able to get out for years or decades.
In lesson 7 I discovered the different moving parts of home, automobile, and life insurance. I learned how to understand my own insurance policies as well as the ones I will need to pay for once I am out of school. it was interesting reading about how to effectively set up life insurance so that you can keep your affairs in order even after death.
Lesson 8 taught me about financial investing. I learned a lot about stocks, retirement plans, and different bank accounts that can earn interest. Now I can determine the differences between a Roth IRA, Simple IRA, or a 401k. I also know the different characteristics of certificates of deposit and government bonds.
How Long it Took Me: About 8 hours
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