The goal of this text is to help readers make better financial decisions. It adopts a life-cycle approach to financial planning. The writing style, designed for readers with diverse educational backgrounds, is informal and relatively non-technical. The emphasis is on practical application and decision-making. Concepts are reinforced with diverse real-life examples, up-to-date information, expert advice, and a problem-solving format. Easy-to-complete worksheets are integrated into the text.The result is a quality text that is current and provides a thorough, conceptually sound treatment of the subject for both students and instructors alike.
- NEW! Current: Currency and timeliness are of utmost importance in a course like this. This revision includes the new tax laws, current interest rates and the latest economic situation within the scope of its relevancy to students today.
- Completely Updated: New opening vignettes, changes in the Social Security system, and changes to the federal fair credit reporting system are included in this edition.
- Increased use of the Internet: New web addresses are included in each chapter including new material on using the Internet to manage personal finances.
- Fraud and Identity Theft: New material in Chapter 7 to help protect oneself against Internet related fraud and identity theft.
- Renter and Landlords: New material added in Chapter 8 on rights and responsibilities of each party.
- Long Term Care: Chapter 10 includes new insurance information on this important topic.
- NEW! Time Value of Money: This is now covered in an appendix in Chapter 1. This was done as understanding the basics of Time Value of Money is the key to this course and any other course in Finance.
- NEW! Updated Boxes: Vignette boxes are current and focus on specific college student issues.
- NEW! Things to Remember: Added to the end of each chapter a bulleted list of ''things to remember'' that summarizes the chapter's key points.
- Personal Financial Plans: In chapter 1, financial plans are introduced which emphasizes the point that one needs to establish a plan and then follow through with it in order to assure one's financial future.
- Job and Benefits: New material and information is provided on this topic since the key to a prosperous financial future includes attaining a source to fund your financial plans.
- Student Budget Information: New material is included in Chapter 3 that allows students without employment to think about the financial planning process as it applies to them currently.
- Financing a College Education: Chapter 15 includes various options including UTMA, 529 accounts, and sources of financial aid.
- Quality Teaching Package: Includes Personal Finance Wizard Software, newly updated and improved test bank, computerized test bank, and Microsoft PowerPoint lecture slides.