Patrick Payne
2 min read
Workbook Introduction
What is this book all about? Financial literacy is widely agreed to be a very important topic in our society. There are thousands of...


Patrick Payne
13 min read
Math Skill 1 - Time Value of Money Calculations
Setting up your financial Calculator In order to correctly solve the time value of money calculations you will be performing, it is vital...
Patrick Payne
3 min read
Math Skill 2 - Financial Statement Analysis
When we say we are going to perform a “financial statement analysis”, what we mean is that we want to calculate some ratios to decide if...
Patrick Payne
6 min read
Math Skill 3 – Income Tax Calculations
Now that you are familiar with the terminology of taxes, we can move on to actually performing tax calculations. The United States uses a...


Patrick Payne
7 min read
Math Skill 4 - Credit Cost Calculations
These calculation steps can be used for ANY type of loan where you have fixed payments and fixed interest rates over time. This includes...
Patrick Payne
6 min read
Math Skill 5 - Affordability Calculations
“How much house can I afford? How much should I borrow for college? Can I afford that car?” These are examples of the types of questions...
Patrick Payne
1 min read
Textbook Introduction
What is this book all about? Financial literacy is widely agreed to be a very important topic in our society. There are thousands of...
Patrick Payne
8 min read
Chapter 1 - The Financial Planning Process
The financial planning process is the taking of conscientious and systematic steps toward fulfilling your financial goals. Conscientious...
Patrick Payne
10 min read
Chapter 2 - Money and Happiness
Good financial management is not about making or keeping money. In fact, fixating too much on money can cause people to make major...


Patrick Payne
4 min read
Math Skill 6 - Retirement TVM Calculations
Retirement problems are just TVM problems, like those in Math Skill 1 - they have an interest rate and payments over time. This means...