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...
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2 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...
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14 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...
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3 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...
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6 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...
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7 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...
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7 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...
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4 min read
Math Skill 7 – 401(K) Matching Calculations
401(k) matches are usually described in the following terms: <match rate> up to <matching limit> For example, your employer may offer a...
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4 min read
Math Skill 8 - Order of Funding Retirement Accounts
The following is the recommended order for funding your retirement accounts. In other words, if you have a certain amount you want to...
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8 min read
Math Skill 9 - Out-of-Pocket Insurance Costs
These steps are used to determine how much you will have to pay as a result of a medical or auto insurance claim. Auto and health...
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4 min read
End of Workbook
Congratulations! You’ve officially completed this workbook and mastered the 9 essential financial skills. Keep this workbook with you...
Patrick Payne
1 min read