[Natfinwellness] Natfinwellness Digest, Vol 16, Issue 40

Sat Feb 27 10:54:56 EST 2016

I have been teaching personal finance (and other finance courses) for a long time, and I think the book/materials depend on your situation.  The gurus are essentially salespeople, as others have stated, so I won't use their materials except for a few examples.  I am not a fan of piecing something together and using things from many sources, which I know some people like.

While expensive, the traditional books have some key positive points.  1) I am one full time professor developing a class that will be taught by 15-20 part time adjuncts each year.  I want consistency among sections/instructors.  I use the book, supplemented with my own materials, and the book's powerpoints after I modify them.  I am at a community college, so I know this model with adjuncts is not the norm for others.  But in order to scale to 500 students and 20 adjuncts, I need consistency.  2) I know the books will be consistent and available.  When relying on web sites, content can change without notice.  I have had links that I use for a few years to demonstrate something, only to have them gone when I refer to them in class the next semester. 3) The books have practice products for students.  I find these valuable.  They have dozens of problems for each chapter, with algorithmic (changing number) format.

My two cents.  

________________________________________
From: Natfinwellness <natfinwellness-bounces at lists.osu.edu> on behalf of Jordee R Justice <jordeejustice at siu.edu>
Sent: Friday, February 26, 2016 9:05 PM
To: natfinwellness at lists.osu.edu
Subject: Re: [Natfinwellness] Natfinwellness Digest, Vol 16, Issue 40

Hi Susan,

I actually am creating my own online and on-campus course based off of iGrad's, "Your Financial Mastery" book. The book is great with different personal finance topics geared toward different types of students. I would highly recommend it. If you have any questions I would be happy to follow up with a phone call.

Happy Friday everyone!

JORDEE JUSTICE
FINANCIAL LITERACY COORDINATOR

Financial Aid Office
Student Services Building
Southern Illinois University
1263 Lincoln Drive
Carbondale, IL 62901

jordeejustice at siu.edu
618.453.4611

> On Feb 26, 2016, at 6:57 PM, "natfinwellness-request at lists.osu.edu" <natfinwellness-request at lists.osu.edu> wrote:
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> Today's Topics:
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>   1. Re: Textbook/curriculum information (Edgar Rodriguez)
>
>
> ----------------------------------------------------------------------
>
> Message: 1
> Date: Sat, 27 Feb 2016 00:57:02 +0000
> From: Edgar Rodriguez <erodriguez at igrad.com>
> To: National Financial Wellness Listserv
>    <natfinwellness at lists.osu.edu>
> Subject: Re: [Natfinwellness] Textbook/curriculum information
> Message-ID:
>    <1EE1E8250340AB43AEED60A8C09B9A0F7F53A2 at mbx024-e1-nj-4.exch024.domain.local>
>
> Content-Type: text/plain; charset="windows-1252"
>
> Hi everyone...
>
> All very good points...
>
> I can't speak to any of those books personally because I've never read them. The only thing I can say about them is that they're expensive! I think teaching a personal finance course where the book is $250 sends the wrong message to the students.
>
> The only book I can vouch for is iGrad's "Your Financial Mastery." It was written by best-selling author Sharon Lechter. The book meets the requirements of a multi-credit higher education course and has won multiple EIFLE awards from the Institute for Financial Literacy. More importantly, it is A LOT less expensive than the other books mentioned in this email string. In addition, iGrad offers many personal finance tools outside of the textbook. A great option to consider in my opinion.
>
> Here's a link for more information: http://schools.igrad.com/services/financial-literacy-curriculum/
>
> You can download a sample chapter and take a look for yourself! Hope that helps :)
>
> Have an awesome weekend everyone!
>
> Best,
>
> Edgar Rodriguez
> ________________________________
> From: Natfinwellness [natfinwellness-bounces at lists.osu.edu] on behalf of Moody, Katherine [moodyk at ripon.edu]
> Sent: Friday, February 26, 2016 3:56 PM
> To: National Financial Wellness Listserv
> Subject: Re: [Natfinwellness] Textbook/curriculum information
>
> Librarian's perspective:
>
> Popular financial gurus, such as Dave Ramsay, Suzie Orman, et al, certainly have a lot of good advice, but when it comes down to it, they are more salespeople than financial experts and this is too often reflected in what they recommend for all the reasons others have stated. I would avoid referencing them or any of their works in class and stick to reliable works written by people who have worked in economics/financial planning for many years.
>
> If you do want a popular book for the students, a quite recent book, "The Index Card" by Pollack (U of Chicago econ prof) and Olen (financial journalist) is currently at the top of my reading list. I think the wise, straightforward, and simple advice would be quite palatable to the average student. This is not to say there aren't a lot of other good popular books out there too.
>
> Cheers,
>
> Kate Moody
> @librarikate<https://twitter.com/librarikate>
>
> Access Services Librarian
> Lane Library, Ripon College
> (920) 748-8750
>
> 300 Seward Street
> P.O. Box 248
> Ripon, WI 54971-0248
>
> [twitter]<https://twitter.com/lane_library> [facebook] <https://www.facebook.com/LaneLibraryRiponCollege>  [bloggerlogo] <http://lane-library.blogspot.com/>
>
>
> On Fri, Feb 26, 2016 at 3:42 PM, Pat Bonner <patb at ifebp.org<mailto:patb at ifebp.org>> wrote:
> I have to agree with Ann that Dave Ramsey materials are not a particularly good choice.  While Dave has some good advice concerning getting out of debt and reducing credit card use, his investment advice/claimed results are questionable at best.  Dave is a great salesmen.  In fact, for a fee he endorses local financial services companies. The following link provides more details why you should probably have second thoughts before using his materials.
>
> http://time.com/money/2794698/save-like-dave-ramsey-just-dont-invest-like-him/
>
> By using Dave?s materials in the classroom, you are in effect promoting him and those who he endorses as creditable sources of financial guidance.
>
> There are plenty of other materials available without going down this path.
>
> Patricia A . Bonner, Ph.D., CEBS
> Associate Director, Content Support
> International Foundation of Employee Benefit Plans
> 18700 W. Bluemound Road
> Brookfield, WI 53045
> (262) 373-7636<tel:%28262%29%20373-7636> | (262) 786-8670<tel:%28262%29%20786-8670> Fax
> patb at ifebp.org<mailto:patb at ifebp.org>| www.ifebp.org<http://www.ifebp.org>
>
>
> From: Natfinwellness [mailto:natfinwellness-bounces at lists.osu.edu<mailto:natfinwellness-bounces at lists.osu.edu>] On Behalf Of Ann House
> Sent: Friday, February 26, 2016 3:19 PM
>
> To: National Financial Wellness Listserv <natfinwellness at lists.osu.edu<mailto:natfinwellness at lists.osu.edu>>
> Subject: Re: [Natfinwellness] Textbook/curriculum information
>
> I don?t feel Dave Ramsey is a reliable authority. He addresses only a certain population and his products are expensive.
>
> Ann C. House, MS, CPFC, CEPF
> Coordinator, Personal Money Management Center
> The University of Utah
> Olpin Student Union Building
> 200 S. Central Campus Dr., #317
> Salt Lake City, UT 84112
> 801-585-3886<tel:801-585-3886> (Office)
> www.personal-money-management.utah.edu<http://www.personal-money-management.utah.edu/>
> [cid:image001.png at 01D170A9.DC1D59B0]
>
> 2015 AFCPE Outstanding Financial Counseling Center
>
>
>
> From: Natfinwellness [mailto:natfinwellness-bounces+ahouse=sa.utah.edu at lists.osu.edu] On Behalf Of Regina Harper
> Sent: Friday, February 26, 2016 2:14 PM
> To: National Financial Wellness Listserv <natfinwellness at lists.osu.edu<mailto:natfinwellness at lists.osu.edu>>
> Subject: Re: [Natfinwellness] Textbook/curriculum information
>
> Greetings,
>
> Below is a link to information from Dave Ramsey regarding finances for college students:
>
> https://www.google.com/?gws_rd=ssl#q=dave+ramsey+college+students
>
> Regina
>
> From: Natfinwellness [mailto:natfinwellness-bounces+rharpe10=cscc.edu at lists.osu.edu] On Behalf Of BOB RUDAY
> Sent: Friday, February 26, 2016 4:05 PM
> To: National Financial Wellness Listserv <natfinwellness at lists.osu.edu<mailto:natfinwellness at lists.osu.edu>>
> Subject: Re: [Natfinwellness] Textbook/curriculum information
>
> With so much on the internet (and free and current), could that be a better option than a high priced textbook?
>
> Bob Ruday
>
> Assistant to the President
> The University of Tampa
>
> 401 W. Kennedy Blvd., Box 116F
>
> Tampa, FL 33606-1490
> Bruday at ut.edu<mailto:Bruday at ut.edu>
> Cell 813.477.3803<tel:813.477.3803>
> The goal is not to create a population of personal finance experts, but to help students make better decisions with their money.
>
>
> From: Natfinwellness <natfinwellness-bounces at lists.osu.edu<mailto:natfinwellness-bounces at lists.osu.edu>> on behalf of Chris Conway <Chris.Conway at apollo.edu<mailto:Chris.Conway at apollo.edu>>
> Reply-To: National Financial Wellness Listserv <natfinwellness at lists.osu.edu<mailto:natfinwellness at lists.osu.edu>>
> Date: Friday, February 26, 2016 at 1:08 PM
> To: National Financial Wellness Listserv <natfinwellness at lists.osu.edu<mailto:natfinwellness at lists.osu.edu>>
> Subject: Re: [Natfinwellness] Textbook/curriculum information
>
> I was going to suggest the Kapoor text as well.  We use that in our  first year personal finance class.  Some of it can be fairly in-depth, but it has good high-level information too- so it can work for most students.
>
> Sent from my iPhone
>
> On Feb 26, 2016, at 9:39 AM, Pat Bonner <patb at ifebp.org<mailto:patb at ifebp.org>> wrote:
> The first two textbooks that I would look at are these. I have used both for teaching personal finance at the college level.
>
> Personal Finance<https://www.google.com/shopping/product/11339492454988951328?q=personal+finance+garman+and+forgue+12th+edition&biw=1329&bih=783&bav=on.2,or.&bvm=bv.115339255,d.cWw&tch=1&ech=1&psi=ZorQVvS-EYrk-QHCgoLgBA.1456507497514.5&prds=paur:ClkAsKraXyrYoo1Cf12yKSF3dL3nQDLepJqhsv0wO0OdIdp8ER8KTBYg8YcAl60DrtgoC6yp_cArtQ-T_Ses-JMKOn7bmsAFLHV4jdtNAlCUNHSAr-8oO2P5chIZAFPVH73R9HLVxSDpWKUtQB--U08MVlGOCw&sa=X&ved=0ahUKEwi5rMGp-ZXLAhVJOj4KHWK9BmwQ8wII1AEwAA>
> by E. Thomas Garman, Raymond Forgue ? Cengage Learning ? Hardback ? 608 pages ? ISBN 1133595839
>
> Personal Finance (McGraw-Hill/Irwin Series in Finance, Insurance, and Real Est) 10th Edition
> by Jack Kapoor<http://www.amazon.com/s/ref=dp_byline_sr_book_1?ie=UTF8&text=Jack+Kapoor&search-alias=books&field-author=Jack+Kapoor&sort=relevancerank>, Les Dlabay<http://www.amazon.com/s/ref=dp_byline_sr_book_2?ie=UTF8&text=Les+Dlabay&search-alias=books&field-author=Les+Dlabay&sort=relevancerank>, Robert J. Hughes<http://www.amazon.com/s/ref=dp_byline_sr_book_3?ie=UTF8&text=Robert+J.+Hughes&search-alias=books&field-author=Robert+J.+Hughes&sort=relevancerank>
>
> Patricia A . Bonner, Ph.D., CEBS
> Associate Director, Content Support
> International Foundation of Employee Benefit Plans
> 18700 W. Bluemound Road
> Brookfield, WI 53045
> (262) 373-7636<tel:%28262%29%20373-7636> | (262) 786-8670<tel:%28262%29%20786-8670> Fax
> patb at ifebp.org<mailto:patb at ifebp.org>| www.ifebp.org<http://www.ifebp.org>
>
> From: Natfinwellness [mailto:natfinwellness-bounces at lists.osu.edu] On Behalf Of Susan E. Kannenwischer
> Sent: Friday, February 26, 2016 11:08 AM
> To: 'natfinwellness at lists.osu.edu<mailto:natfinwellness at lists.osu.edu>' <natfinwellness at lists.osu.edu<mailto:natfinwellness at lists.osu.edu>>
> Subject: [Natfinwellness] Textbook/curriculum information
>
> Happy Friday!
>
> I have been given the opportunity to teach a Personal Finance course next semester and am looking for textbook suggestions.  What has been used on your campuses that you have found to work well?  Any textbooks I should avoid?  I know there are many resources outside of a textbook format, and I plan to utilize those too, but would also like to see if there is a great text from which I can work.
>
> Thanks,
> Susan
>
> Susan Kannenwischer
> Director of Financial Aid
> ?Office: 614-236-6512<tel:614-236-6512>
> FFax:  614-236-6926<tel:614-236-6926>
> ?Email: skannenwischer at capital.edu<mailto:skannenwischer at capital.edu>
>
> CapitalUniversity
> 1 College and Main
> Columbus, Ohio 43209
> 866-544-6175<tel:866-544-6175> | willyou.capital.edu<http://willyou.capital.edu>
> www.facebook.com/CapitalFinancialAid<http://www.facebook.com/CapitalFinancialAid>
>
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