The Complete Guide to Personal Finance: For Teenagers and College Students

( 6 )

Overview

Personal financial planning is the process of establishing your own financial goals and finding a way to reach them. It is an ongoing process that involves examining all existing resources, developing a plan to use them, and systematically implementing the plan to achieve your goals. While teenagers yield immense spending power, many lack the financial knowledge necessary to manage their money wisely. The Complete Guide to Personal Finance: For Teenagers is a reliable and relevant source of financial information ...

See more details below
Paperback
$19.75
BN.com price
(Save 10%)$21.95 List Price

Pick Up In Store

Reserve and pick up in 60 minutes at your local store

Other sellers (Paperback)
  • All (14) from $10.97   
  • New (9) from $11.35   
  • Used (5) from $10.97   
Note: Visit our Teens Store.
Sending request ...

Overview

Personal financial planning is the process of establishing your own financial goals and finding a way to reach them. It is an ongoing process that involves examining all existing resources, developing a plan to use them, and systematically implementing the plan to achieve your goals. While teenagers yield immense spending power, many lack the financial knowledge necessary to manage their money wisely. The Complete Guide to Personal Finance: For Teenagers is a reliable and relevant source of financial information in which teenagers will find a wealth of useful information.

In this new book, you will learn how to get and manage credit, how to make and stick to a budget, how to save for college, how to determine your needs versus your wants, how to pay for a car, how to finance college, how to manage risk, how to open a bank account, how to write a check, how to balance a checkbook, how to avoid the pressures of consumerism, and how to avoid financial mistakes.

You will also learn about investment options, taxes, checks, debit cards, credit cards, and basic budget tips. This book is filled with helpful suggestions from financial and family counselors, and you will discover creative ways to get a jumpstart on your financial future and use money responsibly. Even if you have had a few missteps along the way, you will be able to learn from your mistakes and get on the path to financial well-being.

Atlantic Publishing is a small, independent publishing company based in Ocala, Florida. Founded over twenty years ago in the company president’s garage, Atlantic Publishing has grown to become a renowned resource for non-fiction books. Today, over 450 titles are in print covering subjects such as small business, healthy living, management, finance, careers, and real estate. Atlantic Publishing prides itself on producing award winning, high-quality manuals that give readers up-to-date, pertinent information, real-world examples, and case studies with expert advice.  Every book has resources, contact information, and web sites of the products or companies discussed.

This Atlantic Publishing eBook was professionally written, edited, fact checked, proofed and designed. The print version of this book is 288 pages and you receive exactly the same content. Over the years our books have won dozens of book awards for content, cover design and interior design including the prestigious Benjamin Franklin award for excellence in publishing. We are proud of the high quality of our books and hope you will enjoy this eBook version.

Read More Show Less

Product Details

  • ISBN-13: 9781601382078
  • Publisher: Atlantic Publishing Group Inc.
  • Publication date: 2/23/2010
  • Pages: 288
  • Sales rank: 270,342
  • Product dimensions: 5.90 (w) x 9.00 (h) x 0.80 (d)

Table of Contents

Foreword 13

Introduction 15

Chapter 1 Learning from the People Around You 19

Your Parents 20

How to ask for a peek 24

Learning by example 25

Other People 26

Chapter 2 Spending and Saving 33

Needs versus Wants 34

Need versus wants questionnaire 36

Why does it matter? 36

They All Want Your Money 43

Impulse buying 45

Sure, you can spend 48

Chapter 3 Stashing Your Cash 55

Different Types of Bank Accounts 56

Savings accounts 56

Checking accounts 60

Other types of accounts 62

Putting Money into Your Savings or Checking Account 65

Depositing money by mail 65

Depositing money by ATM 69

Depositing money by other means 73

Where Should You Put Your Money? 74

Develop your plan 79

Picking a bank 83

Online Banking 85

Fees 87

Chapter 4 Budgeting Basics 93

What is a Budget? 95

Create Your Budget 102

Write it down! 102

Track Your Spending 111

Cash envelopes 112

Spending logs 117

Sample spending log 120

Cards 121

Checkbook Registers 127

Deciding how to track your spending 129

Chapter 5 Creditors and the Games They Play 133

The Principles of Credit 134

Common credit card fees include 136

The Tactics 139

Look out! 139

Here, have something for free 140

Here, let us help you 142

Here, buy anything you want 143

Here, become an adult 148

Minimum payment: Bad news 150

What if I don't pay? 154

Chapter 6 Debt, Debt, and More Debt 165

Good Debt and Bad Debt 167

Good debt 167

Bad debt 168

Handle your debt 172

The debt spiral 181

Are you in trouble? 182

Getting rid of debt 186

Chapter 7 What Are You Saving For? 189

How to Save 190

Saving for things you want to buy 190

Saving for college 195

Student loans 200

Saving for a rainy day 204

Chapter 8 Getting Money 209

Getting an Allowance 211

Getting a Job 215

Resources for Finding a Job 220

Create Your Own Job 222

Get rich quick? 228

Chapter 9 Financial Responsibility 231

Cosigners and Joint Accounts 232

Parental access 235

Chapter 10 Credit Reports 237

What's Listed? 238

Credit Scores 239

Identity theft 240

Chapter 11 Everything Else You Need to know 247

Investing 248

Taxes 249

Insurance 250

Chapter 12 On Your Own 253

Making the Decision to Leave 253

The Current State of the Economy 256

Budgeting Worksheet 258

Conclusion: Congratulations! 261

Glossary of Terms 263

Bibliography 281

Author Biography 283

Index 285

Read More Show Less

Customer Reviews

Average Rating 4.5
( 6 )
Rating Distribution

5 Star

(2)

4 Star

(4)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously
Sort by: Showing 1 – 5 of 6 Customer Reviews
  • Posted March 22, 2010

    The Complete Guide to Personal Finance For Teenagers and College Students

    The Complete Guide to Personal Finance For Teenagers and College Students
    By Tamsen Butler
    2010 Atlantic Publishing Group, Inc.
    Reviewed by Angie Mangino
    Rating: 4 stars

    The personal finance education Tamsen Butler provides in this guide is not a boring course by any means. This comprehensive book talks to teenagers and college students in a down to earth real life manner, giving them the basics that will capture their interest, and the options to handle their money now. Why is it important to learn how to handle money while young? The good habits learned now will serve throughout life, especially now when there are no firmly established bad habits they would have to unlearn. Handling money well is an important first step to independence.

    This book gives the full picture in short, specific case studies, mainly from other teens, but additional from a parent or two, and a financial expert. Learn the difference between needs and want. Find out how to spend, how to save, and what the consequences are of debt. Know about the different types of bank accounts and credit cards. Find out the tactics that marketers use to influence teen spending. Save Smart Tips throughout the guide offer quick advice to help.

    A budget begins with the first allowance received, includes money received as gifts, and goes on to when a job increases income. Leaning how to handle money when young begins the path to independence. The concluding glossary of terms and bibliography of other books and websites makes this a valuable reference not only while young, but also helps ensure a better handling of money for a more secure financial future.

    1 out of 1 people found this review helpful.

    Was this review helpful? Yes  No   Report this review
  • Posted March 12, 2010

    Finances for Teens

    Where was this book when I was in school? Solid financial advice can be priceless and I'd like to think I would have at least browsed through this little (290 page) book and stored away some of the recommendations in the back of my brain for future use. Saving, saving, saving is stressed throughout the book and Tamsen Butler does an excellent job detailing the advantages of saving and the pitfalls of not saving money - clearly and concisely; defining the needs vs wants theory of spending. She does a great job explaining different types of accounts, and how interest (particularly compounded interest) can work either for or against you. In the section on credit cards Butler even details the 'hold' that credit card companies often put on an account when booking travel, hotels, and some other major expenditures. Something that a lot of adults may not even be aware of.

    From kids getting an allowance, to trying to balance a full time job and a college schedule, to the young adult leaving home for the first time, Butler explores various options for setting up a budget, explaining that discipline and self-motivation are key. She uses realistic examples and brief case studies written by real people - from how to afford concert tickets or a new CD to saving for college or a car, to handling your money once you move out and are on your own, including how to use a credit card responsibly.

    The author encourages parents to sit down with their kids and have a heart to heart about finances. After all, our first, and probably most lasting lessons about finances come from our families. It's how we handle money that affects the way our children handle money. Even if we never discuss it, the examples and the visual cues are there. Although written for teens, adults would do well to peruse this book along with their kids. It's never too late to learn how to handle your money more efficiently.

    1 out of 1 people found this review helpful.

    Was this review helpful? Yes  No   Report this review
  • Posted August 6, 2012

    Very informative-Must read for all teens

    With an ever-changing economy, financial know-how is a must especially for teenagers and college students in order to begin their financial future on the right foot. Author Tamsen Butler has done an outstanding job of using engaging case studies, budget worksheets and real life examples to guide readers through the seemingly overwhelming topic of personal finance. She covers everything from setting up a budget, different types of bank accounts, and saving for the future to more complex topics such as debt, credit cards, mutual funds and IRA’s. It is hard to believe there is so much valuable information covered in a book with less than 300 pages.

    The information contained in this book is not something that is typically taught in high school or college and while many adolescents get to college without knowing how to manage their money it doesn’t have to be that way. Parents and grandparents may want to give their children and grandchildren an opportunity to learn the importance of personal finance and, The Complete Guide to Personal Finance for Teenagers and College Students is the perfect book for that purpose. This would also be a great book for teachers and schools that wish to introduce the principles of personal finance in the classroom to give adolescents a jump start on good financial planning for the future. Overall this book has great information in a well laid out format for teens, college students and even adults.

    Was this review helpful? Yes  No   Report this review
  • Posted June 9, 2011

    Book for every teen

    We constantly hear of teenagers or college students, once of out of school, getting themselves in to desperate financial situations because of their lack of discipline or knowledge. Once on their own it seems like every credit card company gets their address and bombards them with enticing advertising. As well, student loans are easy to get and just as easy to spend not anticipating they will have to be repaid with a high interest attached.
    This book is a very important component of the teen or young adult's reading material before embarking on their own. Much of the information isn't taught at school and in many cases never discussed with parents. Also, in many cases the parents themselves aren't well versed in financial matters.
    I believe Tamsen Butler covers all the necessary aspects of providing information so as not to get into debt or succumb to easy loans or credit cards. She also covers spending, saving, and budgeting. I specifically like her explanation about creditors and the "games they play." As well, Tamsen covers areas such as different kinds of debt, responsibility, and credit reports. From what I can see nothing was missed to give the young person the basics of sound financial management.
    I do recommend this book be given to every teen before they leave home and embark on their own. It may the best investment in their lives.

    Was this review helpful? Yes  No   Report this review
  • Posted March 3, 2010

    A Complete Guide to Personal Finance for Teenagers and College Students

    A Complete Guide to personal Finance for Teenagers and College Students by Tamsen Butler provides a clear and invaluable survival tool that should also be read by their parents. Not only does it teach them about the kind of options available, but it also helps them to understand the consequences of their choices.

    As someone who worked as a financial counselor for over eight years, I particularly commend her on Chapter 6 (understanding credit and how creditors actually work), and well as Chapter 10 (understanding credit scores and the consequences of identity theft).

    I hardily recommend this book and just hope that anyone who gets it not only reads it, but practices what it preaches.

    Was this review helpful? Yes  No   Report this review
Sort by: Showing 1 – 5 of 6 Customer Reviews

If you find inappropriate content, please report it to Barnes & Noble
Why is this product inappropriate?
Comments (optional)