Personal Finance for the Real World teaches the basics of personal finance by involving the reader in various financial exercises and eventually constructing a personal financial plan. Users not only track their spending for a month, but also set personal financial goals and incorporate them into a realistic budget. This book also teaches time-value of money calculations, which enable readers to calculate their necessary monthly savings in order to reach targeted investment goals.
This book conducts a thorough review of credit, complete with strategies to pay off credit card and other forms of debt. It features discussions on student debt as well, with particular attention to appropriate pay-down strategies and the financial payoffs to different academic majors.
Personal Finance for the Real World immerses users in real and purposeful financial activities, while teaching personal finance vocabulary and encouraging readers to take seriously the financial side of their lives.
|Edition description:||New Edition|
|Product dimensions:||5.90(w) x 8.90(h) x 0.40(d)|
About the Author
Terry E. Rumker is a professor of finance and assistant director of the Institute for Contemporary Financial Studies in the Dauch College of Business and Economics at Ashland University.
Mark A. Nadler is A.L. Garber Family professor of economics and department chair of economics and finance in the Dauch School of Business and Economics at Ashland University.
Table of Contents
Chapter 1 Introduction to Personal Finance
Chapter 2 Understanding the Personal Financial Investment Problem
Chapter 3 How to Calculate Present and Future Values
Chapter 4 Financial Goal Setting
Chapter 5 Tracking Spending
Chapter 6 Pre-Investment Steps
Chapter 7 Basic Types of Financial Assets
Chapter 8 The Basic Language of Investing
Chapter 9 Factors that Affect Financial Returns
Chapter 10 Stocks
Chapter 11 Bonds
Chapter 12 Mutual Funds
Chapter 13 Portfolio Design
Chapter 14 Three Example Investment Problems
Chapter 15 Survey of Retirement Savings Plans
Chapter 16 Action Plan
Chapter 17 College Choices and Federal Student Loans
Chapter 18 Reasons People Fail in the World of Investments
Chapter 19 How to Purchase Financial Assets
Chapter 20 Information Sources about Personal Finance
Chapter 21 Selecting a Financial Planner
Chapter 22 Life Stage Concerns
Chapter 23 Summary of Insights and Advice
Appendix 1 Future Value of Present Sums
Appendix 2 Future Value of Annuities
Appendix 3 Federal Student Loans
Appendix 4 Answers to Equations