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Personal Finance Illustrated® Homeschool Edition ~ A Review

Disclaimer: I received a FREE copy of this product through the HOMESCHOOL REVIEW CREW in exchange for my honest review. I was not required to write a positive review nor was I compensated in any other way.

For my own enrichment, I have been studying financial literacy by using the Personal Finance Illustrated® Homeschool Edition course from PEM LIFE. Growing up my parents never really taught me about money or how to manage it. I have had to figure things out on my own. So when the opportunity presented itself to review this product, I knew I wanted to take part.

This online program contains 18 units that cover the following topics:

  • Personal Economic Model
  • Time Value of Money
  • Lifetime Capital Potential
  • Opportunity Cost
  • The Tax Filter
  • Lifestyle Regulator
  • Temperament & Finances
  • The Importance of Protection
  • Debt – What it is and what it isn’t
  • Pay Cash or Finance
  • The Investment Tank
  • The Savings Tank
  • Access to Capital
  • Qualified Plans
  • Mortgages – The Right Choice
  • Why Go to Work
  • Principles of Work
  • The Danger of Riches

PEM LIFE aims to equip students of all ages with a firm foundation in financial literacy in order to provide them with the opportunity “to create sustainable balance between current lifestyle desires, and future lifestyle requirements.” The company strives to provide a practical understanding that works in the actual world.

Because students complete this course online, it will require a device with a high-speed Internet connection along with a printer to print out the handouts that come with the course.

Families download the textbook and either read digitally or print it out. Additional materials include a Course syllabus, Course vocabulary, Discussion Forum Rubric File, a Writing Assignment Rubric, and Bloom’s Taxonomy Matrix.

An Interactive Resource Library provides the Personal Economic Model, Federal Tax Liability, Finance 101, Finance Calculator, Mortgage resources, and more. These models allow students to make meaningful connections with what they are learning.

Each unit consists of an Instructor’s Guide, videos to watch, models to refer to, quizzes to answer questions, Vocabulary quizzes, Discussion questions, and a Reflection Post prompt and reading assignments from the textbook.

As I dove into the lessons, the quality of the videos impressed me. The crisp sound and excellent images provide an enjoyable viewing experience.. I appreciated being able to pause when I needed to, and the ability to access the interactive models when needed.  I have to say the model used to explain personal finance made a deep and lasting impression on me.  I found the introduction of the personal-finance model understandable and completely different from the way I previously learned about finance. It spells out everything so clearly, including income, investments, and more.

They allow students to take quizzes one time, then they either submit the quiz or make changes before entering it for grading. Students receive immediate feedback about whether they answered correctly, along with explanations for what the correct answer should be.

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I found the textbook to be well-written and very understandable. For my purposes, I elected to use the digital version of the textbook only. However, students who prefer to make notes in the book may prefer a printed version. Families have the option to purchase a physical copy of the textbook for an additional cost.

I appreciated how each unit followed the same format. I knew what to expect as I continued moving through the course.  I also appreciated the immediate feedback on the quizzes.  However, the discussion questions 

This course provides the perfect resource for homeschooling families to learn about personal finance in a unique and meaningful way. The Personal Economic Model ® provides an interesting and unique way to explore this subject.

So if financial literacy interests your family, take a look at the Personal Finance Illustrated® Homeschool Edition course from PEM LIFE. 

You can find PEM LIFE on social media at the following links:


Other members of the Home School Review Crew share their thoughts of this program this week.  So click here or on the graphic below to read their reviews.


We are a Christian family who homeschooled our children from the time our oldest was 10 until the time our youngest graduated. We have retired from the military and are now exploring our next great adventure. We currently live in eastern North Carolina. I enjoy Bible journaling, reading, crocheting, scrapbooking and quilting. I am beginning to attempt art journaling. I have a Google Career Certificate in Project Management, and am working towards becoming a Salesforce Business Administrator.

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