Personal Finance: Turning Money into Wealth (eighth edition)

Description

For courses in introductory personal finance. A blueprint for securing your financial future Personal Finance: Turning Money into Wealth empowers students to successfully make and carry out a plan for their financial future. By introducing the 10 fundamental principles of personal finance in a way that leaves a lasting impression, this text offers students lifelong tools that will help them effectively cope with an ever-changing financial environment. The 8th Edition reflects recent changes in the world of personal finance, including new tax laws, the economic downturn, weakness in the labor markets, the explosion of student loans, and the rise of credit card debt. Personal Finance: Turning Money into Wealth, 8th Edition is also available via Revel(TM), an interactive learning environment that enables students to read, practice, and study in one continuous experience. Also available with MyLab Finance By combining trusted authors' content with digital tools and a flexible platform, MyLab personalizes the learning experience and improves results for each student. Note You are purchasing a standalone product; MyLab Finance does not come packaged with this content. Students, if interested in purchasing this title with MyLab, ask your instructor to confirm the correct package ISBN and Course ID. Instructors, contact your Pearson representative for more information. If you would like to purchase both the physical text and MyLab Finance, search for: 0134830156 / 9780134830155 Personal Finance Plus MyLab Finance with Pearson eText -- Access Card Package, 8/e Package consists of: 0134730364 / 9780134730363 Personal Finance 0134732057 / 9780134732053 MyLab Finance with Pearson eText -- Access Card -- for Personal Finance Personal Finance Turning Money into Wealth Personal Finance Turning Money into Wealth Personal Finance Turning Money into Wealth Personal Finance Turning Money into Wealth Personal Finance Turning Money into Wealth Personal Finance Turning Money into Wealth About the Author Instructor Teaching Resources Instructor Teaching Resources Part 1 Financial Planning Learning Objectives Facing Financial Challenges Step 5: Review Your Progress, Reevaluate, and Revise Your Plan The Life Cycle of Financial Planning Keeping a PerspectiveMoney Isnt Everything Developing Skills for Your Career Lessons from the Recent Economic Downturn Principle 8: Risk and Return Go Hand in Hand Key Terms Problems and Activities Problems and Activities Problems and Activities Learning Objectives Sample Balance Sheet for Larry and Louise Tate Preparing an Income Statement: Louise and Larry Tate Question 3: Am I Saving as Much as I Think I Am? Record Keeping Implementing the Cash Budget How Are Financial Planners Paid? Summary Problems and Activities Problems and Activities Problems and Activities Learning Objectives Calculator Apps The Importance of the Interest Rate Solving for I/Y and N Using a Financial Calculator Perpetuities Key Terms Problems and Activities Problems and Activities Problems and Activities Solving for I/Y and N Using the Tables Learning Objectives Paying Your Income Taxes Non-Income-Based Taxes Step 6: Subtracting Your Credits and Determining Your Taxes Due Help in Preparing Taxes Calculating Total Tax (line 63) Defer Taxes to the Future Key Terms Problems and Activities Problems and Activities Problems and Activities Problems and Activities Part 2 Managing your Money Learning Objectives Managing Liquid Assets Automating Savings: Pay Yourself First What to Look for in a Financial Institution U.S. Savings Bonds Money Market Mutual Funds Travelers Checks Fixing MistakesTheirs, Not Yours Key Terms Problems and Activities Problems and Activities Problems and Activities Learning Objectives Additional Fees What the CARD Act Means for You The Choice: Whats Best for You How Do You Know If Youre a Victim of Identity Theft? If You Cant Pay Your Credit Card Bills Summary Problems and Activities Problems and Activities Problems and Activities Learning Objectives Automobile Loans Early Payment of an Add-On Loan Should You Borrow or Pay Cash? Chapter 7: Straight Bankruptcy Forbearance Key Terms Problems and Activities Problems and Activities Problems and Activities Learning Objectives Step 4: Maintain Your Purchase Step 4: Maintain Your Purchase Maintenance and Operating Costs Renting Versus Buying Determining What You Can Afford Step 4: Maintain Your Purchase Key Terms Problems and Activities Problems and Activities Problems and Activities Problems and Activities Appendix Crunchin the Numbers Calculations for Figure 8.6 Part 3 Protecting Yourself with Insurance Learning Objectives What About Those Who Have No Health Insurance? Needs Approach Making a Purchase Choosing an Insurance Plan Rehabilitation Coverage Long-Term Care Insurance Key Term Problems and Activities Problems and Activities Problems and Activities Learning Objectives Added Liability Insurance Keeping Your Costs DownDiscounts and Savings Making Your Coverage Work Filing a Claim Key Terms Problems and Activities Problems and Activities Problems and Activities Problems and Activities Part 4 Managing Your Investments Learning Objectives The Returns from Investing Understanding Your Tolerance and Capacity for Risk Asset Allocation What You Should Know About Efficient Markets Insider Trading and Market Abuses Online Trading Internet Sources Summary Problems and Activities Problems and Activities Problems and Activities Problems and Activities Learning Objectives Classification of Stocks Reading Stock Quotes Online and in the Newspaper SWOT Analysis As an Investor, What Should You Know? Another Look at Principle 8: Risk and Return Go Hand in Hand Key Term Problems and Activities Problems and Activities Problems and Activities Learning Objectives Why Consider Bonds? Junk Bonds Reading Online Corporate Bond Quotes Risks Associated with Preferred Stock Investing in Real Estate: The Bottom Line InvestingSpeculatingin Gold, Silver, Gems, and Collectibles Summary Problems and Activities Problems and Activities Problems and Activities Learning Objectives Mutual Fund-Amentals Hedge FundsSomething to Avoid Calculating Mutual Fund Returns Bookkeeping and Help with Taxes Buying Through a Mutual Fund Supermarket Key Term Problems and Activities Problems and Activities Problems and Activities Problems and Activities Part 5 Life Cycle Issues Learning Objectives Cash-Balance Plans: The Latest Twist in Defined-Benefit Plans What Plan Is Best for You? Saving for College: Coverdell Education Savings Accounts Tax Treatment of Distributions Saving for RetirementLets Postpone Starting for 1 Year Summary Problems and Activities Problems and Activities Problems and Activities Step 7: Put the Plan in Play and Save Learning Objectives Calculating Estate Taxes Other Estate Planning Documents A Last Word on Estate Planning Key Terms Problems and Activities Problems and Activities Problems and Activities Problems and Activities Learning Objectives Women and Personal Finance Step 5: Rework Your Budget Number 12: Stay Married Key 6: Dont Live with Bad (and Expensive) Debt Summary Problems and Activities Problems and Activities Problems and Activities Appendix A Compound Sum of $1 Appendix B Present Value of $1 Appendix C Compound Sum of an Annuity of $1 for n Periods Appendix D Present Value of an Annuity of $1 for n Periods Appendix E Monthly Installment Loan Tables ($1,000 loan with interest payments compounded monthly) Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary Glossary