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Foundations in Personal Finance (Review of Dave Ramsey's Homeschool Curriculum)

Earlier this summer I received an email from Dave Ramsey's public relations coordinator telling me about Dave's personal finance curriculum Foundations in Personal Finance. Since Jaden is starting high school this year, I jumped at the chance to do a review of the curriculum.

I also asked at the same time if I could hold a giveaway so one of my readers could receive the curriculum for free as well.

*** GIVEAWAY CLOSED *** Foundations in Personal Finance Curriculum Giveaway

The winner of this giveaway will receive one copy of Foundations in Personal Finance High School Edition Homeschool Pack. The giveaway is open through Sunday, August 28 at midnight Central Time after which time I'll randomly select a winner. Sorry, but the giveaway is only open to U.S. residents.

To enter the giveaway, simply leave a comment on this post.

For extra entries, do the following:

  1. Leave a separate comment if you subscribe to Five J's by email and/or RSS.
  2. Leave a separate comment if you follow Five J's on Facebook.

Curriculum Review

Foundations in Personal Finance includes a set of 4 DVDs, a Teacher's Guide CD-ROM, and a student workbook.

The curriculum is divided into 12 lessons and includes over 14 hours of Dave teaching on video. Foundations in Personal Finance is intended to be taught as a one-semester course (1/2 credit for high school).

Each DVD covers one unit in the following subjects:

  1. Saving and Investing
  2. Credit and Debt
  3. Financial Responsibility and Money Management
  4. Insurance/Risk Management and Income/Careers

The Teacher's Guide CD-ROM includes syllabi for both 45-day and 90-day courses. (We're personally following the 45-day syllabus, doing the class 3 times a week for about an hour a day). The CD-ROM also includes tests, answer keys, and additional activities that coordinate with the lessons.

The 224-page student workbook includes fill-in-the-blanks that the student completes while watching the DVD lessons. It also includes lesson reviews, personal finance forms, and Ask Dave case studies.

You can see samples from the DVD, Teacher's Guide, and student workbook.

What the Curriculum is Like

If you've ever attended a Dave Ramsey LIVE! event or his Financial Peace University classes, you'll find that the lessons are taught in a similar manner, where Dave is teaching a crowd of students of all ages. However, throughout the lessons, the DVD cuts away to added content where Dave applies the concepts to teens.

Throughout the curriculum, students not only learn about debt, credit, investing, and other important financial concepts, but they also learn about the Baby Steps, which are the backbone of Dave's teaching. From the very first lesson, students learn the 7 Baby Steps. Case studies in the tests even offer situations which the students need to answer in light of the Baby Steps.

Pros

  • Dave presents the content so that it's fun and very understandable. Students don't get lost amid enigmatic financial terms.
  • Very little (if any) teacher prep is required.
  • Tests and assessments are provided for you. And often the tests don't just rehash exactly the same wording from the lessons; students must understand the concept to answer the questions correctly.
  • Students don't just learn about basic financial concepts. They learn how to take control of their present and future personal finances and avoid debt through understanding the Baby Steps. You might say that Dave also teaches a philosophy of personal finance.
  • Since the DVD part of the curriculum is non-consumable, you can used it with multiple children. (Additional workbooks are only $12.50.)

Cons

  • The curriculum activities were originally written for a classroom of students, so some of them can't be done easily in a homeschool setting.
  • The majority of the DVD content comes from Dave's Financial Peace University DVDs, so there is not a lot of difference if you already own the FPU curriculum. (The workbook, however, is written specifically for this high school curriculum.)
  • Some families may not like the hard-line approach Dave takes about avoiding debt.

Do I recommend the curriculum?

Absolutely! We've only just started Unit 2, but I'm so incredibly impressed with it. Dave makes the most intimidating financial concepts understandable, and my children are learning so much. And better yet, my kids are learning Dave's Baby Steps, which will help keep them on the right road financially now and in the future.

Disclosure: I received this curriculum for free in exchange for my honest review. My opinions are entirely my own.

Comments

  1. Allen Paul says

    So glad I caught your tweet about this promotion… 🙂 My family have been "closet Ramsey-ites" for years but have never been able to go through an entire program (Financial Peace etc.) I read My Total Money Makeover via audiobook and still try my best to live the principles. I now have 3 teens (one in college and two others, 13 – 14) that I want to keep from making the same mistakes I did as a young adult. My daughter actually signed up for a Dave Ramsey program at our homeschool co-op, but it looks like it might be cancelled. 🙁 Whether I win or not, I'm definitely going to be presenting this to them soon.

    Thanks for laying the groundwork to get this important resource out to families that need it.

  4. Angela Hull says

    Oh my !!!! we are super .. SUPER excited about this!!!!!!! This would be an EXCELLANT course for us as that My son recently asked for an economics type course to continure his pursuet of financial freedom so to say. Hope its ok for us to sqweal, jump up & down & clap our hands. This is AWESOME! Just what we've been looking for!

  5. Jennifer says

    I would really appreciate winning this. My oldest son has his own checking account now, but really needs to learn more before I let him have complete control of it. Thanks!!

  13. Allison says

    We love Dave Ramsey and 5 J's. Would put this to use in
    our homeschool as we have one entering high school this year.

  14. Helen Troutman says

    I would love to have this available in my rural library for home schoolers to borrow and use to teach their children good financial matters.

  26. Julie says

    I would love to win this!! My son is going into 10th grade and this is the perfect time to implement this type of program!