Personal Finance
2nd Edition
0077861728
·
9780077861728
© 2017 | Published: June 7, 2016
Personal Finance, 2e by Walker/Walker offers students an engaging treatment of personal finance, while incorporating unique themes, an application-driven pedagogy, and a definitive action plan. Unlike other texts on the market, it offers a frank and …
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Section One: MONEY $ MONEY $ MONEY $
Chapter 1 Money Matters: Values, Vision, Mission, and You
Chapter 2 Time Value of Money
Chapter 3 Planning and Budgeting
Chapter 4 Financial Instruments and Institutions
Section Two: CREDIT MANAGEMENT
Chapter 5 Consumer Credit: Credit Cards and Student Loans
Chapter 6 Credit Bureau Reports and Identity Theft
Chapter 7 Auto and Home Loans
Chapter 8 Debt, Foreclosure, and Bankruptcy
Section Three: LIMITING YOUR LIABILITY
Chapter 9 Tax Management
Chapter 10 Insurance: Covering Your Assets
Section Four: WEALTH ACCUMULATION
Chapter 11 Investment Basics
Chapter 12 Mutual Funds
Chapter 13 Stocks
Chapter 14 Bonds
Chapter 15 Real Estate Investments
Section Five: PERPETUAL PAYOFFS
Chapter 16 Retirement and Estate Planning
Chapter 17 Financial Planning for Life
Personal Finance, 2e by Walker/Walker offers students an engaging treatment of personal finance, while incorporating unique themes, an application-driven pedagogy, and a definitive action plan. Unlike other texts on the market, it offers a frank and timely discussion of living within one’s means and incorporating personal values and priorities into a personal financial plan. The intent is to help readers set priorities that guide their finances, rather than the other way around. This book establishes a path toward financial freedom that is less about accumulating wealth and more about building a future tailored to individual goals. With Walker/Walker, your future looks bright!
Personal Finance focuses on three main goals and themes: responsible financial decision making, alignment of personal and financial goals, and the importance of maintaining a personal financial plan.
1. Responsible Financial Decision Making Before students can develop their own financial plan, they must understand the key terms, concepts, and principles of financial planning. To address that need, the text offers a comprehensive table of contents and pedagogical features, providing students with the foundation they need to make responsible financial decisions.
- Learning Objectives shape the organization and goals of each chapter.
- Concept checks in the Making Sense boxes at the end of each section test students retention of key content.
- Quality end-of-chapter concept questions and quantitative practice problems, along with a running case for concept application, allow additional opportunities for assessment and review.
2. Alignment of Personal and Financial Goals Personal Finance sets itself apart from the field by helping students direct their finances according to their goals. While maximizing wealth may well be in the long-term interests of many, not everyone is going to be wealthy nor is everyone motivated by the pursuit of wealth. Similarly, the text examines the value of mindful spending and emphasizes the importance of living within ones means by living simply, reducing consumption, and budgeting for a long-term, sustainable financial plan.
- Financial Fitness / Stopping Little Leaks boxes give creative and, in some cases, eye-opening tips about how cutting down on small, unnecessary spending can lead to big savings.
- An online Every Penny Counts spending journal and instructions for using it effectively encourages mindful spending.
Maintaining a Personal Financial Plan Students are encouraged to actively assess their relationship with money by including in every section examples relevant to students lives and plans. In this way, the text teaches students to make and review financial plans as a lifelong habit.
- The goal of building a personal financial plan is emphasized by the model: Learn, Plan & Act, Evaluate (LPAE). This model is updated in every chapter.
- Learn - bulleted summaries of the topics students have studied and the objectives achieved.
- Plan & Act - a checklist of action items for students to do while setting up their financial plan.
- Evaluate - questions that help students analyze the effectiveness of their plan.
In addition, Personal Finance addresses two persistent course challenges: how to engage students in the material and how to reach students who lack the computational skills needed to solve financial problems.
Connect Finance offers a number of powerful tools to make managing assignments easier so you can spend more time teaching. Students can engage with their coursework anytime and anywhere, making the learning process more efficient.
- Create and deliver online, auto-graded homework assignments, quizzes, and tests directly from the end-of-chapter materials or test bank, including algorithmic problems.
- Students receive immediate, detailed feedback on their assignments.
- Questions mapped to AACSB skill areas, Blooms Taxonomy levels, and difficulty level enable you to run reports that assess learning outcomes.
- Interactive Applications stimulate critical thinking and reinforce key concepts.
- Pre-built assignments save you set up time.
Connect Finance combines all the great features of Connect Finance, along with access to an online version of Personal Finance, so that students can easily refer back to the text for review and guidance. This media rich e-book links directly to tutorials and online resources.