Request for consultation
PERSONAL FINANCE 13E offers a practical, student-friendly introduction to personal financial management. This book offers normative, value-laden suggestions on getting ahead in one’s personal finances. It requires the reader to reflect on the facts and opinions presented, the advice they are given, the available choices in their communities and on the Internet, and finally to apply their personal values in their decision-making. In short, Personal Finance gets students to contemplate, deliberate, and think! Using a structured, step-by-step approach, this market-leading text helps students learn how to save and invest, manage student loans, file taxes, decrease credit card debt, and plan for the future. Real-life scenarios, covering a wide range of financial challenges, enable students to appreciate the relevance of key concepts, and useful advice from personal finance experts helps them apply those concepts in their own lives. Many math-based examples clearly illustrate the critical importance of achieving long-term financial goals through investing. Building on the success of previous editions, the Thirteen Edition engages students and focuses their attention on critical concepts they need to succeed in class and to manage their finances wisely for a lifetime.
- We have incorporated numerous boxed resources that are found throughout each chapter. “To-Do Soon Lists” suggest five tasks to accomplish in the next few months or years.
- “Your Grandparents Say” offers tips from those who have lived long and succeeded in their personal finances.
- “There is an App for That!” lists some useful apps; almost all can be used on both Apple and Android devices. This is complimented by updated boxes on the best quality “Money Websites.”
- “Numbers on” highlights important numbers relevant to the subject of each chapter. “Common Sense” boxes include thoughts for readers to contemplate.
- “The Tax Consequences” boxes help the reader to think of the impact of income taxes when making financial decisions.
- “Bias Toward” boxes give the reader a reality check on the behavioral economics biases that plague us into making bad financial decisions, and they also explain how to overcome them.
- New “Never Ever!” boxes showcase what one should absolutely, positively not do in personal finance. Collectively, these boxes are full of prescriptions and insights to help students achieve financial success.
- we have added some 90 new headings, 180 new boxed inserts, 10 new tables and figures, 70 new terms, and improved dozens of definitions.
- There is a stronger emphasis throughout the book on budgeting, emergency fund saving, and investing for retirement. We have focused on creating an approachablewriting style to encourage more reading by students.
- Personal Finance really changes student behaviors!
- Classroom research demonstrates that learners genuinely do learn personal finance topics well. One key to that success is the availability of My Personal Financial Planner. It contains 70 worksheets that allow students to truly put into practice all the major financial planning tools in Personal Finance.
- A variety of resources enable instructors to truly “flip the classroom.” “Do It In Class” icons in every chapter tell instructors and students about “Do It in Class Exercises” These exercises include problems, cases and exercises to be completed in class to ensure understanding and emphasize problem solving skills
- "What Do You Recommend?" and "What Do You Recommend Now?" chapter opening and closing narratives cover essential financial topics. The opening feature is followed by a question and four potential answers. The results are often unexpected and provide an excellent opportunity to engage students. The closing feature asks the students to come back to that opening vignette after reading the entire chapter, to apply what they have learned.
- "Advice from a Seasoned Pro." These boxed inserts, authored by today's leading financial experts, offer practical tips for students to manage their personal finances.
- "Financial Planning Cases." These short, chapter closing cases present various finance concepts to students from the vantage point of a married couple, single person, retiree, parent, and other demographics.
1. Understanding Personal Finance.
2. Career Planning.
3. Financial Statements, Tools, and Budgets.
Part II: MONEY MANAGEMENT.
4. Managing Income Taxes.
5. Managing Checking and Savings Accounts.
6. Building and Maintaining Good Credit.
7. Credit Cards and Consumer Loans.
8. Vehicles and Other Major Purchases.
9. Obtaining Affordable Housing.
Part III: INCOME AND ASSET PROTECTION.
10. Managing Property and Liability Risk.
11. Planning for Health Care Expenses.
12. Life Insurance Planning.
Part IV: INVESTMENTS.
13. Investment Fundamentals.
14. Investing in Stocks and Bonds.
15. Mutual and Exchange-Traded Funds.
16. Real Estate and High-Risk Investments.
17. Retirement and Estate Planning.