Teen Guide to Personal Financial Management

Teen Guide to Personal Financial Management

by Marjolijn Bijlefeld, Sharon K. Zoumbaris
     
 

Why should young people even think about saving for retirement? Why not run credit card debt up to the max if the bank is willing to lend it? Answers to these questions and others can be found in this basic guide to the fundamentals of personal finance written specifically for young adults. A wide range of financial matters on how to manage your money are discussed

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Overview

Why should young people even think about saving for retirement? Why not run credit card debt up to the max if the bank is willing to lend it? Answers to these questions and others can be found in this basic guide to the fundamentals of personal finance written specifically for young adults. A wide range of financial matters on how to manage your money are discussed in a progressive fashion from the very basics of opening a bank account to budgeting, paying for college, financing a car, and tax-deferred retirement accounts so that readers with varying levels of knowledge are provided with all the information they need to stay out of debt and to plan for their futures.

Touching on a wide range of financial matters, from the use of credit cards to planning for college and retirement, the volume logically walks readers through the process of handling their personal finances. Examples throughout the book as well as advice from financial and family counselors clarify specific points for students to help them learn how to save and budget, how to avoid the pressures of consumerism and escalating debt and how to manage all aspects of their money wisely. Sample lesson plans, an extensive glossary, resource lists and further reading lists provide students who wish to study specific concepts in greater detail with all the tools they need to do so.

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Editorial Reviews

From the Publisher
"This book belongs in the classroom or on the professional or nonfiction shelves where a parent or educator might use it for valuable life lessons." - VOYA

"With frightening anecdotes and ample documentation, the authors present a convincing thesis that debt is rampant among teens, college students, and recent grads. They then go on to provide facts on budgeting, saving, investing, dealing with debt, understanding mortgages and loans, and even planning for retirement." - Booklist/Reference Books Bulletin

"Anyone doubting the importance of guiding teens in the area of personal financial management need only read the first five pages of the introduction to become a believer….The highlight of the book is the 18-page resource guide of education resources, Web sites, and brief annotations of financial management services. Highly Recommended." - The Book Report

"This book is a fast read. It culls essential information on financial management into one source….this book is an invaluable resource on this matter….Bijlefeld and Zoumbaris do an acceptable job of providing advice for teens on personal financial management." - Melissa McShea

VOYA
Bijlefeld's and Zoubaris's book is a straightforward money management text. It includes a strong curriculum guide to help instructors put together a meaningful lesson plan on finance, hopefully to prepare young people better for real-world experiences. The book begins with horror stories of overextended teens who could not handle the ease of credit card spending and a self-test to illustrate how much there is to know about wise money management; these elements bring home the argument that more needs to be offered on the subject in America's school systems. The remainder of the book is comprised of chapters covering the basics of budgeting, investing, saving for and otherwise financing college costs, and becoming an informed consumer. All are comprehensive and readable, with small stories to illustrate real-life situations. The simple yet thorough explanations make the book also suitable for any adult seeking financial advice. Appendixes include extensive lesson plans, addresses of organizations and Web sites for further research, and sample IRS and Financial Aid for Students Application forms, which will become outdated quickly but do support lessons in the text. This book belongs in the classroom or on the professional or nonfiction shelves where a parent or educator might use it for valuable life lessons. [Editor's Note: See a review in the Nonfiction section of Joline Godfrey's 20 $ecrets to Money and Independence: The Dollardiva's Guide to Life, a book written directly for teen girls on the subject of money management.] 2000, Greenwood, 288p, Glossary, Charts, Appendix. Ages adult. Reviewer: Kevin Beach. VOYA, February 2001 (Vol. 23, No.6)
Booknews
Explains fundamentals of personal finance for young adults. Discusses opening a bank account, budgeting, paying for college, financing a car, and tax-deferred retirement accounts, and looks at advertising in the classroom, bankruptcy, and identity theft. Includes a glossary, a list of web sites and state resources, lessons plans and worksheets to use in a classroom setting, and tax forms. Bijlefeld is an author and editor; Zoumbaris is a librarian. Annotation c. Book News, Inc., Portland, OR (booknews.com)

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Product Details

ISBN-13:
9780313360923
Publisher:
ABC-CLIO, Incorporated
Publication date:
09/30/2000
Pages:
282
Product dimensions:
6.00(w) x 9.00(h) x 0.59(d)
Age Range:
12 - 17 Years

Meet the Author

MARJOLIJN BIJLEFELD is an author and editor./e She is the author of The Gun Control Debate: A Documentary History (Greenwood Press, 1997) and People For and Against Gun Control (Greenwood Press, 1999).

SHARON ZOUMBARIS is a professional librarian, freelance writer, and storyteller.

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