| Description |
xxiv, 504 pages : color illustrations ; 28 cm |
| Series |
The Mcgraw-Hill/Irwin series in finance, insurance, and real estate |
|
McGraw-Hill/Irwin series in finance, insurance, and real estate.
|
| Contents |
Machine derived contents note: Contents -- 1 Personal Financial Planning in Action 1 -- Making Financial Decisions 2 -- Your Life Situation and Financial Planning 2 -- Financial Planning in Our Economy 4 -- Financial Planning Activities 5 -- Developing and Achieving Financial Goals 7 -- Types of Financial Goals 7 -- Goal-Setting Guidelines 8 -- Opportunity Costs and the Time Value -- of Money 9 -- Personal Opportunity Costs 9 -- Financial Opportunity Costs 10 -- A Plan for Personal Financial Planning 13 -- Step 1: Determine Your Current Financial -- Situation 13 -- Step 2: Develop Your Financial Goals 14 -- Step 3: Identify Alternative Courses of Action 15 -- Step 4: Evaluate Your Alternatives 15 -- Step 5: Create and Implement Your Financial -- Action Plan 17 -- Step 6: Review and Revise Your Plan 19 -- Career Choice and Financial Planning 19 -- Appendix: A Career Search Strategy 29 -- 2 Money Management Skills 35 -- A Successful Money Management Plan 36 -- Components of Money Management 36 -- A System for Personal Financial Records 36 -- Personal Financial Statements 39 -- Your Personal Balance Sheet: -- The Starting Point 39 -- Your Cash Flow Statement: -- Inflows and Outflows 41 -- A Plan for Effective Budgeting 44 -- Step 1: Set Financial Goals 45 -- Step 2: Estimate Income 45 -- Step 3: Budget an Emergency Fund -- and Savings 45 -- Step 4: Budget Fixed Expenses 47 -- Step 5: Budget Variable Expenses 47 -- Step 6: Record Spending Amounts 47 -- Step 7: Review Spending and Saving Patterns 48 -- Money Management and Achieving -- Financial Goals 50 -- Selecting a Saving Technique 52 -- Calculating Savings Amounts 52 -- 3 Taxes in Your Financial Plan 61 -- Taxes in Your Financial Plan 62 -- Planning Your Tax Strategy 62 -- Types of Tax 62 -- The Basics of Federal Income Tax 63 -- Step 1: Determining Adjusted Gross Income 63 -- Step 2: Computing Taxable Income 65 -- Step 3: Calculating Taxes Owed 66 -- Step 4: Making Tax Payments 68 -- Step 5: Watching Deadlines and Avoiding -- Penalties 69 -- Filing Your Federal Income Tax Return 70 -- Who Must File? 70 -- Which Tax Form Should You Use? 70 -- What Is the Process for Completing the Federal -- Income Tax Return? 71 -- How Do I File My State Income Tax Return? 73 -- How Do I File My Taxes Online? 74 -- What Tax Assistance Sources Are Available? 74 -- What If Your Return Is Audited? 76 -- Selecting Tax Planning Strategies 78 -- Consumer Purchasing 78 -- Investment Decisions 79 -- Retirement Plans 80 -- Changing Tax Strategies 81 -- 4 Savings and Payment Services 89 -- What Financial Services Do You Need? 90 -- Meeting Daily Money Needs 90 -- Sources of Quick Cash 91 -- Types of Financial Services 91 -- Electronic and Online Banking 91 -- Financial Services and Economic Conditions 92 -- Selecting a Financial Institution 93 -- Comparing Financial Institutions 93 -- Deposit-Type Institutions 94 -- Nondeposit Institutions 95 -- Problematic Financial Businesses 95 -- Comparing Savings Plans 97 -- Regular Savings Accounts 97 -- Certificates of Deposit 98 -- Interest-Earning Checking Accounts 98 -- Money Market Accounts and Funds 98 -- U.S. Savings Bonds 99 -- Evaluating Savings Plans 99 -- Comparing Payment Methods 103 -- Electronic Payments 103 -- Checking Accounts 104 -- Evaluating Checking Accounts 104 -- Other Payment Methods 106 -- Managing Your Checking Account 106 -- 5 Consumer Credit: Advantages, -- Disadvantages, Sources, and Costs 117 -- What Is Consumer Credit? 118 -- The Importance of Consumer Credit in -- Our Economy 118 -- Uses and Misuses of Credit 118 -- Advantages of Credit 119 -- Disadvantages of Credit 119 -- Types of Credit 120 -- Closed-End Credit 121 -- Open-End Credit 122 -- Sources of Consumer Credit 122 -- Loans 122 -- Credit Cards 124 -- General Rules of Credit Capacity 126 -- Applying for Credit 126 -- Can You Afford a Loan? 126 -- The Five Cs of Credit 127 -- Other Factors Considered in Determining -- Creditworthiness 130 -- What If Your Application Is Denied? 130 -- Your Credit Report 130 -- The Cost of Credit 133 -- Finance Charge and Annual -- Percentage Rate 134 -- Tackling the Trade-Offs 135 -- Calculating the Cost of Credit 136 -- Protecting Your Credit 138 -- Billing Errors and Disputes 138 -- Identity Crisis: What to Do If Your Identity -- Is Stolen 139 -- Protecting Your Credit from Theft or Loss 139 -- Protecting Your Credit Information on the -- Internet 140 -- Cosigning a Loan 140 -- Complaining about Consumer Credit 140 -- Consumer Credit Protection Laws 140 -- Your Rights under Consumer Credit Laws 142 -- Managing Your Debts 142 -- Warning Signs of Debt Problems 143 -- Debt Collection Practices 144 -- Financial Counseling Services 144 -- Declaring Personal Bankruptcy 145 -- 6 Wise Buying of Motor Vehicles and -- Other Purchases 155 -- Consumer Buying Activities 156 -- Practical Purchasing Strategies 156 -- Warranties 158 -- Making Major Consumer Purchases: Buying -- Motor Vehicles 159 -- Phase 1: Preshopping Activities 159 -- Phase 2: Evaluating Alternatives 160 -- Phase 3: Determining Purchase Price 162 -- Phase 4: Postpurchase Activities 164 -- Resolving Consumer Complaints 167 -- Step 1: Return to Place of Purchase 167 -- Step 2: Contact Company Headquarters 168 -- Step 3: Obtain Consumer Agency Assistance 169 -- Step 4: Take Legal Action 169 -- Legal Options for Consumers 169 -- Small Claims Court 170 -- Class-Action Suits 170 -- Using a Lawyer 171 -- Other Legal Alternatives 171 -- 7 Selecting and Financing Housing 181 -- Evaluating Renting and Buying Alternatives 182 -- Your Lifestyle and Your Choice of Housing 182 -- Renting versus Buying Housing 182 -- Rental Activities 183 -- Home-Buying Activities 186 -- Step 1: Determine Home -- Ownership Needs 186 -- Step 2: Find and Evaluate a Home 188 -- Step 3: Price the Property 190 -- The Finances of Home Buying 191 -- Step 4: Obtain Financing 191 -- Step 5: Close the Purchase Transaction 197 -- Home Buying: A Summary 197 -- A Home-Selling Strategy 199 -- Preparing Your Home for Selling 199 -- Determining the Selling Price 199 -- Sale by Owner 200 -- Listing with a Real Estate Agent 200 -- 8 Home and Automobile Insurance 209 -- Insurance and Risk Management 210 -- What Is Insurance? 210 -- Types of Risk 210 -- Risk Management Methods 211 -- Planning an Insurance Program 213 -- Property and Liability Insurance in Your -- Financial Plan 214 -- Home and Property Insurance 216 -- Homeowner?s Insurance Coverages 216 -- Renter?s Insurance 219 -- Home Insurance Policy Forms 220 -- Home Insurance Cost Factors 221 -- How Much Coverage Do You Need? 221 -- Factors That Affect Home Insurance Costs 222 -- Automobile Insurance Coverages 224 -- Motor Vehicle Bodily Injury Coverages 224 -- Bodily Injury Liability 224 -- Motor Vehicle Property Damage -- Coverage 225 -- No-Fault Insurance 226 -- Other Coverages 226 -- Automobile Insurance Costs 227 -- Amount of Coverage 227 -- Motor Vehicle Insurance Premium Factors 227 -- Reducing Vehicle Insurance Premiums 228 -- 9 Health and Disability Income -- Insurance 239 -- Health Insurance and Financial Planning 240 -- What Is Health Insurance? 240 -- Health Insurance Coverage 241 -- Types of Health Insurance Coverage 241 -- Major Provisions in a Health -- Insurance Policy 245 -- Health Insurance Trade-Offs 246 -- Which Coverage Would You Choose? 247 -- Private Health Care Plans and Government -- Health Care Programs 248 -- Private Health Care Plans 248 -- Government Health Care Programs 250 -- Disability Income Insurance 253 -- The Need for Disability Income 253 -- Sources of Disability Income 253 -- Disability Income Insurance Trade-Offs 255 -- Your Disability Income Needs 256 -- 10 Financial Planning with -- Life Insurance 263 -- What Is Life Insurance? 264 -- The Purpose of Life Insurance 264 -- The Principle of Life Insurance 264 -- How Long Will You Live? 265 -- Do You Need Life Insurance? 265 -- Estimating Your Life Insurance -- Requirements 265 -- Types of Life Insurance Companies -- and Policies 268 -- Types of Life Insurance Companies 268 -- Types of Life Insurance Policies 268 -- Selecting Provisions and Buying -- Life Insurance 271 -- Key Provisions in a Life Insurance Policy 271 -- Buying Life Insurance 274 -- Financial Planning with Annuities 279 -- Why Buy Annuities? 280 -- Tax Considerations 280 -- 11 Investing Basics and Evaluating -- Bonds 287 -- Preparing for an Investment Program 288 -- Establishing Investment Goals 288 -- Performing a Financial Checkup 290 -- Getting the Money Needed to Start an -- Investment Program 291 -- The Value of Long-Term Investment -- Programs 291 -- Factors Affecting the Choice of Investments 294 -- Safety and Risk 294 -- Components of the Risk Factor 296 -- Investment Income 297 -- Investment Growth 297 -- Investment Liquidity 298 -- Factors that Reduce Investment Risk 298 -- Portfolio Management and Asset Allocation 299 -- Your Role in the Investment Process 300 -- Conservative Investment Options 303 -- Government Bonds and Debt Securities 303 -- Characteristics of Corporate Bonds 306 -- Why Corporations Sell Corporate Bonds 306 -- Why Investors Purchase Corporate Bonds 307 -- A Typical Bond Transaction 310 -- The Decision to Buy or Sell Bonds 311 -- The Internet 311 -- How to Read the Bond Section of -- the Newspaper 312 -- Bond Ratings 312 -- Bond Yield Calculations 312 -- Other Sources of Information 313 -- 12 Investing in Stocks 323 -- Common and Preferred Stock 324 -- Why Corporations Issue Common Stock 325 - |
| Notes |
Includes index |
| Subject |
Finance, Personal.
|
|
Investments.
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| Author |
Diabay, Les R.
|
|
Hughes, Robert James, 1946-
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| LC no. |
2007023842 |
| ISBN |
9780073530635 alkaline paper |
|
0073530638 alkaline paper |
|
