MAIN TOPICS FOR PRESENTATION IN THE COURSE

1. Debate - 8 groups

Each group has to choose and present, either "for" or "against" with the following topics. Pls
share your slides with the whole class one day before the presentation via Teams, LMS or email.

(you can change the topic, as long as you all agree among two groups, and report to the lecturer
about its relevance).

The scores of group work includes: 50% from the lecturer & 50% from the votes of audiences.

1. People should borrow to spend first and earn to pay later. Do not just spend basing on
existing income earned only. No need for savings early: 1+8 (week 4)
2. People should avoid using credit cards as much as possible: 2+7 (week 5)
3. I should start my own business, not work for someone else: 3+6 (week 6)
4. Luxury goods and services are not necessary: 4+5 (week 7)
5. We should invest in funds (index, mutual, ETF) rather than individual stocks: 8+1 (week
8)
6. Explain your decision on investing in stocks and bonds: bonds mainly or stocks mainly?
In stock, blue chip/cyclical/defensive/growth? Micro caps/mid cap/large cap/small
cap/penny? 7+2 (week 9)
7. We should buy a home, not rent: 6+3 (week 10)
8. We should invest in life insurance rather than non-life insurance: 5+4 (week 11)
9. We should buy the new car, not used car (additional choice)
10. We should not invest in cryptocurrencies (additional choice)
11. Rich people should pay more taxes than middle and low-income people (additional
choice)
 2. Individual project:
2.1. Each student has VND 10 billion VND today. Pls invest or spend, according to your
plan. Explain how you invest/spend and calculate how much you may have earned or
loss at the end of the course. Explain why you made such decisions. Your lessons
learnt for your personal finance future?
2.2. Create your own financial planning for last year, 5-year, 10-year, and when you
retire.
2.3. Determine your personal/your family financial status via financial indicators.
Proposing adjustments and measures to achieve the plans/

3. Personal experiences

COVID-19 HOMESTAY/TET HOLIDAY/SUMMER VACATION PERSONAL

FINANCE EXPERIENCES

How is your purchasing and income earning during Covid-19 homestay/Tet Holiday/summer
vacation? (list down the items and costs/incomes). Using the knowledge of wise purchasing
strategies to assess your activities. What are lessons learnt for you?

If you did not buy anything, just describe the spending and income earning experiences of one
person you know, and lessons learnt for you.

4. Practical exercises
4.1. Each student prepares a plan for making personal financial and career decisions. Then
present within 5 minutes.

4.2. Problem 1-1 (LO1.1), Problem 1-2 (LO1.1), Problem 1-10 (LO1.3), Problem 1-11
(LO1.3), Problem 1-12 (LO1.3), Problem 1-13 (LO1.3)
4.3. Define your and your family's balance sheet, income statement, cash flow. Analyse
and propose recommendations to yourself/your family.

4.4. Experiences of buying a car/motobike: Each of you do your own research and present
- What kind of car/motobike do you want to buy? Why?
 - How are the prices of new and old car/motobike? How do they affect your buying
decision?

4.5. Calculate the ratios requested debt ratio; current ratio; debt-payment ratio; Saving
ratio
4.6. Assume that you want to borrow VND 20 million for 2 months. Go to websites of
some banks and finance companies for understanding the procedure of getting
consumer loan. Explain how much do you have to pay for each credit institution.
Which institution do you choose to borrow and why?
4.7. Problems 1 (p. 240); 7 (p. 241), 12 (p. 241).
4.8. Appropriate tax strategies for various life situations.
4.9. What are your lessons learned from tax fraud of Fan Bingbing?

4.10. How could the income tax paid of billionaires in US so low?

Use the following items to determine the total assets, total liabilities, net worth, total cash inflows, and
total cash outflows.

Rent for the month $ 750 Monthly take-home salary $ 2,285

Spending for food $ 395 Cash in checking account $ 470
Savings account balance $ 1,910 Balance of educational loan $ 2,280
Current value of automobile $ 9,000 Telephone bill paid for month $ 75
Credit card balance $ 245 Loan payment $ 100
Auto insurance $ 250 Household possessions $ 3,600
Video equipment $ 2,400 Payment for electricity $ 100
Lunches/parking at work $ 190 Donations $ 180
Personal computer $ 1,300 Value of stock investment $ 910
Clothing purchase $ 120 Restaurant spending $ 140
a. Total assets 19,590 ± .1%
$

b. Total liabilities 2,525 ± .1%

$

c. Net worth 17,065 ± .1%

$

d. Total cash inflows 2,285 ± .1%

$

e. Total cash outflows 2,300 ± .1%

$

Explanation:
a.
Total assets = Savings account balance + Current value of automobile + Video
equipment + Personal computer + Cash in checking account +
Household possessions + Value of stock investment
= $1,910 + $9,000 + $2,400 + $1,300 + $470 + $3,600 + $910
= $19,590

b.
Total = Credit card balance + Educational loan balance
liabilities
= $245 + $2,280
= $2,525

c.
Net worth = Total assets – Total liabilities
= $19,590 − $2,525
= $17,065

d.
Total cash inflows = Monthly take-home salary
= $2,285

e.
Total cash outflows = Rent for the month + Spending for food + Auto insurance +
Lunches/parking at work + Clothing purchase + Telephone bill paid for
month + Loan payment + Payment for electricity + Donations + Restaurant
spending
= $750 + $395 + $250 + $190 + $120 + $75 + $100 + $100 + $180 + $140
= $2,300

Consider Minh’s budget worksheet for April, and then answer the questions

Income Spending

Date Source Amount Date Purpose Amount

7/4 Wages 550.5 3/4 New sweater 120.3

9/4 Birthday gift 40.5 12/4 Car insurance 115.4

21/4 Wages 650.5 15/4 Rent 350.5

23/4 Babysitting job 15.5 23/4 Credit card bill 350.5

30/4 Savings interest 90.5 25/4 Telephone bill 15.5

26/4 Grocerries 250.5

29/4 Doctor’s visit 100

a. How much was Minh able to save in April?

b. Which sources of her income may not be the same from month to month?
c. Which types of spending might not be the same from month to month?
d. Why would a series of short-term budget worksheets be needed to develop a long-term
budget?