PFIN Personal Finance

Book Summary

This text book is a comprehensive guide designed to help individuals make informed financial decisions. The book covers key areas of personal finance, beginning with foundational concepts like budgeting, saving, and financial planning. It stresses the importance of creating a budget and setting financial goals to ensure long-term stability. This book explore topics such as managing bank accounts, understanding credit and debt, and the significance of maintaining a good credit score. Insurance, investing, and retirement planning are also addressed, guiding readers through different types of insurance and investment options, as well as strategies for saving for retirement. The book explains how taxes work, offering tips on minimizing tax liabilities, and provides a clear explanation of real estate and estate planning. Behavioral finance is explored to understand the psychological aspects of financial decision-making. The authors emphasize the importance of financial literacy, debt management, and emergency savings. Additionally, tools like financial software and resources for managing finances are discussed.

ISBN: 9781305271432

Authors

Michael D. Joehnk, Randall S. Billingsley, Lawrence J. Gitman