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PERSONAL FINANCIAL PLANNING, 14E, provides the framework and context for solving key personal financial planning problems. Using numerous examples, practical illustrations, and a lot of common sense and intuition, instructors will find both appealing substance and style that will effectively engage the student. The 14th edition is packed with information relevant to students--for example, changing spending habits for the better, knowing the right questions to ask a financial adviser, using tips on budgeting and planning for retirement, knowing what to look for when choosing a bank, knowing whether to buy or lease a car, knowing what’s important when buying your first home, and choosing the right credit card. A complete support package, including CengageNOW, Aplia, or MindTap online course management system, saves you time as you put the best in personal financial planning in students’ hands.
- THE MOST CURRENT UPDATES AVAILABLE REFLECT THE LATEST TAX LAWS AND FINANCIAL DATA. The latest updates to this leading text incorporate all of the newest tax laws with special sections on tax preparation as well as recent personal examples and contemporary financial advice. The latest financial data, figures, and tables keep your course up to date as you present text content.
- HIGHLIGHTED PRACTICAL EXAMPLES. Each chapter has a series of highlighted practical examples that illustrate everyday applications of the covered material. Examples include the impact of starting an IRA early, calculating the maximum affordable mortgage, credit card choice trade-offs, homeowner’s insurance policy coverage limits, evaluating mutual funds and exchange-traded funds, and the use life insurance in estate planning.
- THE “FINANCIAL IMPACT OF PERSONAL CHOICES” EXAMINES AN IMPORTANT DECISION RELATED TO EACH CHAPTER. New to the 14th edition is the Financial Impact of Personal Choices feature, which presents a personal financial planning decision related to an important topic in each chapter and evaluates the outcome.
- THOROUGH UPDATES BRING A MORE PERSONAL TOUCH TO THE SUBJECT MATTER. A friendly tone helps relate big financial ideas to students’ everyday lives, based on the latest research and input from practicing professionals and leading instructors. The book continues to emphasize how key principles of personal financial planning--saving, diversifying investments, watching expenditures, and borrowing carefully--remain valid.
- CRISP, EXCITING, AND FRIENDLY NEW DESIGN ENCOURAGES STUDENTS’ UNDERSTANDING. Based on feedback from current instructors, financial planners, and students, this edition incorporates numerous updates and a fresh design to ensure that the book presents financial information in a clear, concise, and understandable manner. Updated, practical sidebar discussions provide useful tips and guidelines, and numerous learning features reinforce the inviting, meaningful design.
- TIMELY, UPDATED “FINANCIAL ROAD SIGNS” AND “FINANCIAL PLANNING TIPS” OFFER HELPFUL HINTS AND VALUABLE SUGGESTIONS FOR FINANCIAL DECISIONS. These brief, helpful “Financial Road Signs” and “Financial Planning Tips” suggest what students should consider when implementing parts of a financial plan and making personal financial decisions in today’s times. Students will find invaluable advice on developing budgets, handling student debt, doing online banking, purchasing vehicles, using debit cards, buying health or life insurance, investing, avoiding online job search mistakes, and much more.
- STUDENTS WILL RELATE TO CHAPTER CONTENT IMMEDIATELY. A How Will This Affect Me? feature appears at the beginning of each chapter. The feature explains in plain language why students should find the chapter’s topic relevant to their life, engaging students from the start. Each chapter also opens with a series of statements presented as Financial Fact or Fantasy in the related chapter material. Each statement is critically evaluated as fact or fantasy in the context of the relevant material.
- UPDATED END-OF-CHAPTER FEATURES ENSURE COMPREHENSION AND PRACTICAL APPLICATION. Useful Summaries at the end of each chapter relate review back to Learning Goals, and Financial Planning Exercises and Critical Thinking Cases allow students to test and apply their understanding of the material. “Applying Personal Finance” outside-of-class projects or exercises and Worksheets corresponding to end-of-chapter problems help students manage their personal finances. And the Financial Impact of Personal Choices feature presents a personal financial planning decision related to an important topic in each chapter and evaluates the outcome.
1. Understanding the Financial Planning Process.
2. Developing Your Financial Statements and Plans.
3. Preparing Your Taxes.
Part II: MANAGING BASIC ASSETS.
4. Managing Your Cash and Savings.
5. Making Automobile and Housing Decisions.
Part III: MANAGING CREDIT.
6. Using Credit.
7. Using Consumer Loans.
Part IV: MANAGING INSURANCE NEEDS.
8. Insuring Your Life.
9. Insuring Your Health.
10. Protecting Your Property.
Part V: MANAGING INVESTMENTS.
11. Investment Planning.
12. Investing in Stocks and Bonds.
13. Investing in Mutual Funds and Real Estate.
Part VI: RETIREMENT AND ESTATE PLANNING.
14. Planning for Retirement.
15. Preserving Your Estate.
Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.
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