Produktdetaljer
For courses in Personal Finance.
This ISBN is for the bound textbook, which students can rent through their bookstore.
A hands-on approach to financial planning
The main feature of Personal Finance is its hands-on approach keyed to the concepts students need to build their own financial plans. The text’s seven parts are all pieces of a financial plan; Chapter 21 is the capstone. A running example throughout the book and a variety of end-of-chapter cases reinforce the practical aspects of planning. The 7th Edition is fully updated with recent financial trends, such as lower interest rates, changing salaries, and rules for credit card use. With case studies and workable examples throughout, this book is an active tool students can use to become comfortable managing their finances into the future.
This title is also available digitally as a standalone Pearson eText, or via MyLab Finance, which includes the Pearson eText. These options give students affordable access to learning materials, so they come to class ready to succeed.
1. Overview of a Financial Plan
PART 1: TOOLS FOR FINANCIAL PLANNING
2. Planning with Personal Financial Statements
3. Applying Time Value Concepts
4. Using Tax Concepts for Planning
PART 2: MANAGING YOUR LIQUIDITY
5. Banking and Interest Rates
6. Managing Your Money
7. Assessing and Securing Your Credit
8. Managing Your Credit
PART 3: PERSONAL FINANCING
9. Personal Loans
10. Purchasing and Financing a Home
PART 4: PROTECTING YOUR WEALTH
11. Auto and Homeowner's Insurance
12. Health and Disability Insurance
13. Life Insurance
PART 5: PERSONAL INVESTING
14. Investing Fundamentals
15. Investing in Stocks
16. Investing in Bonds
17. Investing in Mutual Funds
18. Asset Allocation
PART 6: RETIREMENT AND ESTATE PLANNING
19. Retirement Planning
20. Estate Planning
PART 7: SYNTHESIS OF FINANCIAL PLANNING
21. Integrating the Components of a Financial Plan
- Building Your Own Financial Plan exercises let students review and revise their personal financial goals, cash flow statement, and balance sheet to reflect their shifting priorities, as they complete their own financial plan.
- Certified Financial Planner exercises ask students how to adjust financial planning in response to changes in economic conditions.
- Explanation by Example boxes illustrate how concepts have been applied in realistic scenarios to help cement student understanding.
- Ethical Dilemma boxes showcase real ethical situations along with questions, to encourage students to think critically about ethics.
- Financial Literacy Tests assess students' knowledge of personal finance at the beginning and end of the course to determine their level of mastery.
- UPDATED: Coverage of present economic conditions, including the effects of tax law changes, keeps students informed of developments in the field.
- REVISED: In End-of-Chapter Case Studies featuring the Sampsons, students plan for a family with 2 young children struggling to organize their finances, by working through a series of exercises and worksheets.
- UPDATED: A running example walks students through the financial story of Stephanie Spratt, a fictitious, recent college grad and new entrant to the workforce, helping them apply the material to real-life scenarios.
- UPDATED: A Brad Brooks Case illustrates the adverse effects of poor financial decision-making.
- UPDATED: Internet-based resources, examples and problems provide students with hands-on practice applying financial concepts.
- UPDATED: Projects in Appendix B focus on assessing credit, career planning, the stock market, and comparison shopping, to strengthen students' financial planning skills.