Personal Finance Integrated Planning Approach & Interactive Study Guide
Product Description
This comprehensive, reader-friendly book is a must-have “how-to” guide on planning for a successful financial future—walking users through the complexities of today’s financial world, and giving them an accurate and current reflection of the trends affecting their financial present and future. A five-part organization covers the basic framework, liquidity management, buying now and paying later, investing for the future, and protecting your income and wea… More >>
Personal Finance Integrated Planning Approach & Interactive Study Guide
What a fabulous book! While this is designed to be the text of a course teaching the aspects of personal finance from the Time Value of Money to Choosing a Career through rational thinking about consumer purchase and retirement. It is organized very well with very clear writing and many helpful illustrations, tables, and resources.
The book guides the student to many online resources in order to develop skills that will be needed to research the nearly infinite variety of decisions and choices we all need to make in life. Being informed about the problem we face will provide us a basis for making better decisions.
One of the methods the book uses to illustrate the effects of financial decisions on real human life is the fictional Steele family. The family faces various issues, makes imperfect decisions, and the student gets to ponder what should have been done and what they could do to improve their current situation. It is a nice device that adds a practical side to the lessons on topics such as mortgages, saving for children’s education, and insurance.
While this is most likely to be used in college courses, I wish it could be taught to young people as soon as they are somewhat serious about the decisions they will be making to form their lives. Ideally, high schools could offer an elective class for those serious students who want to get a head start in mastering the financial issues that will have such a powerful effect on their future security.
This is really a terrific book and can be read by individuals without a course or instructor. Obviously, an instructor will help and aid the student’s understanding, but this is such an important topic that I encourage everyone who is interested in understanding the financial side of their life to read and work through this book.
Rating: 5 / 5