Ise Ebook Onlne Access for Focus on Personal Finance · 6th Edition by Kapoor, Jack -- Read -- Imperial Library of Trantor

Index

Cover Title Copyright Dedication Focus on . . . the Authors New to This Edition Connect Brief Table of Contents Contents 1 Personal Financial Planning in Action

Making Financial Decisions

Your Life Situation and Financial Planning Financial Planning in Our Economy Financial Planning Activities

Developing and Achieving Financial Goals

Types of Financial Goals Goal-Setting Guidelines

Opportunity Costs and the Time Value of Money

Personal Opportunity Costs Financial Opportunity Costs

A Plan for Personal Financial Planning

Step 1: Determine Your Current Financial Situation Step 2: Develop Your Financial Goals Step 3: Identify Alternative Courses of Action Step 4: Evaluate Your Alternatives Step 5: Create and Implement Your Financial Action Plan Step 6: Review and Revise Your Plan

Career Choice and Financial Planning Chapter 1 Appendix: Time Value of Money

2 Money Management Skills

A Successful Money Management Plan

Components of Money Management A System for Personal Financial Records

Personal Financial Statements

Your Personal Balance Sheet: The Starting Point Your Cash Flow Statement: Inflows and Outflows

A Plan for Effective Budgeting

Step 1: Set Financial Goals Step 2: Estimate Income Step 3: Budget an Emergency Fund and Savings Step 4: Budget Fixed Expenses Step 5: Budget Variable Expenses Step 6: Record Spending Amounts Step 7: Review Spending and Saving Patterns

Money Management and Achieving Financial Goals

Selecting a Saving Technique Calculating Savings Amounts

3 Taxes in Your Financial Plan

Taxes in Your Financial Plan

Planning Your Tax Strategy Types of Tax

The Basics of Federal Income Tax

Step 1: Determining Adjusted Gross Income Step 2: Computing Taxable Income Step 3: Calculating Taxes Owed Step 4: Making Tax Payments Step 5: Deadlines and Penalties

Filing Your Federal Income Tax Return

Who Must File? Which Tax Form Should You Use? Completing the Federal Income Tax Return How Do I File My State Tax Return? How Do I File My Taxes Online? What Tax Assistance Sources Are Available? Tax Preparation Services What If Your Return Is Audited?

Tax Planning Strategies

Education Deduction or Tax Credit? Consumer Purchasing Investment Decisions Retirement and Education Plans Changing Tax Strategies Flat or VAT Tax?

4 Financial Services: Savings Plans and Payment Accounts

Planning Your Use of Financial Services

Managing Daily Money Needs Sources of Quick Cash Types of Financial Services Online and Mobile Banking Prepaid Debit Cards Financial Services and Economic Conditions

Sources of Financial Services

Comparing Financial Institutions Types of Financial Institutions Problematic Financial Businesses

Comparing Savings Plans

Regular Savings Accounts Certificates of Deposit Interest-Earning Checking Accounts Money Market Accounts and Funds U.S. Savings Bonds Evaluating Savings Plans

Comparing Payment Methods

Digital Payments Checking Accounts Evaluating Checking and Payment Accounts Other Payment Methods Managing Your Checking Account

5 Consumer Credit: Advantages, Disadvantages, Sources, and Costs

What Is Consumer Credit?

The Importance of Consumer Credit in Our Economy Uses and Misuses of Credit Advantages of Credit Disadvantages of Credit Summary: Advantages and Disadvantages of Credit

Types of Credit

Closed-End Credit Open-End Credit Credit Cards Sources of Consumer Credit Loans

Applying for Credit

Can You Afford a Loan? General Rules of Credit Capacity The Five Cs of Credit Your Credit Report Credit Scores Other Factors Considered in Determining Creditworthiness What If Your Application Is Denied? What Can You Do to Improve Your Credit Score?

The Cost of Credit

Finance Charge and Annual Percentage Rate Tackling the Trade-Offs Calculating the Cost of Credit

Protecting Your Credit

Billing Errors and Disputes Identity Crisis: What to Do If Your Identity Is Stolen Protecting Your Credit from Theft or Loss Protecting Your Credit Information on the Internet Cosigning a Loan Complaining about Consumer Credit Consumer Credit Protection Laws Consumer Financial Protection Bureau Managing Your Debts Warning Signs of Debt Problems Debt Collection Practices Financial Counseling Services Declaring Personal Bankruptcy

6 Consumer Purchasing Strategies and Wise Buying of Motor Vehicles

Consumer Buying Activities

Practical Purchasing Strategies Warranties Research-Based Buying

Major Consumer Purchases: Buying Motor Vehicles

Phase 1: Preshopping Activities Phase 2: Evaluating Alternatives Phase 3: Determining Purchase Price Phase 4: Postpurchase Activities

Resolving Consumer Complaints

Step 1: Initial Communication Step 2: Communicate with the Company Step 3: Consumer Agency Assistance Step 4: Legal Action

Legal Options for Consumers

Small Claims Court Class-Action Suits Using a Lawyer Other Legal Alternatives Personal Consumer Protection

7 Selecting and Financing Housing

Evaluating Renting and Buying

Your Lifestyle and Your Choice of Housing Renting versus Buying Housing Rental Activities

Home-Buying Activities

Step 1: Determine Home Ownership Needs Step 2: Find and Evaluate a Home Step 3: Price the Property

The Finances of Home Buying

Step 4: Obtain Financing Step 5: Close the Purchase Transaction Home Buying: A Summary

A Home-Selling Strategy

Preparing Your Home for Selling Determining the Selling Price Sale by Owner Listing with a Real Estate Agent

8 Home and Automobile Insurance

Insurance and Risk Management

What Is Insurance? Types of Risk Risk Management Methods Planning an Insurance Program Property and Liability Insurance in Your Financial Plan

Home and Property Insurance

Renter’s Insurance Homeowner’s Insurance Coverages Home Insurance Policy Forms

Home Insurance Cost Factors

How Much Coverage Do You Need? Factors That Affect Home Insurance Costs

Automobile Insurance Coverages

Motor Vehicle Bodily Injury Coverages Motor Vehicle Property Damage Coverage No-Fault Insurance Other Automobile Insurance Coverages

Automobile Insurance Costs

Amount of Coverage Motor Vehicle Insurance Premium Factors Reducing Vehicle Insurance Premiums

9 Health and Disability Income Insurance

Health Insurance and Financial Planning

What Is Health Insurance?

Health Insurance Coverage

Types of Health Insurance Coverage Major Provisions in a Health Insurance Policy

Health Insurance Trade-Offs

Coverage Trade-Offs Which Coverage Should You Choose?

Private Health Care Plans and Government Health Care Programs

Private Health Care Plans Government Health Care Programs Health Insurance and the Patient Protection and Affordable Care Act of 2010 The Affordable Care Act and the Individual Shared Responsibility Provision The American Health Care Act of 2017

Disability Income Insurance

The Need for Disability Income Sources of Disability Income Disability Income Insurance Trade-Offs Your Disability Income Needs

High Medical Costs

Why Does Health Care Cost So Much? What Is Being Done about the High Costs of Health Care? What Can You Do to Reduce Personal Health Care Costs?

10 Financial Planning with Life Insurance

What Is Life Insurance?

The Purpose of Life Insurance The Principle and Psychology of Life Insurance How Long Will You Live? Do You Need Life Insurance? Estimating Your Life Insurance Requirements

Types of Life Insurance Companies and Policies

Types of Life Insurance Companies Types of Life Insurance Policies

Selecting Provisions and Buying Life Insurance

Key Provisions in a Life Insurance Policy Buying Life Insurance

Financial Planning with Annuities

Why Buy Annuities? Costs of Annuities Tax Considerations

11 Investing Basics and Evaluating Bonds

Preparing for an Investment Program

Establishing Investment Goals Performing a Financial Checkup Getting the Money Needed to Start an Investment Program How the Time Value of Money Affects Your Investments

Factors Affecting the Choice of Investments

Safety and Risk Components of the Risk Factor Investment Liquidity

Factors That Reduce Investment Risk

Asset Allocation and Diversification Your Role in the Investment Process

Conservative Investment Options: Government Bonds

The Psychology of Investing in Bonds Government Bonds and Debt Securities

Conservative Investment Options: Corporate Bonds

Why Corporations Sell Corporate Bonds Why Investors Purchase Corporate Bonds A Typical Bond Transaction

The Decision to Buy or Sell Bonds

The Internet Financial Coverage for Bond Transactions Bond Ratings Current Yield Calculations Other Sources of Information

12 Investing in Stocks

Common and Preferred Stock

The Psychology of Stock Investing Why Corporations Issue Common Stock Why Investors Purchase Common Stock Preferred Stock

Evaluating a Stock Issue

The Internet Stock Advisory Services Newspaper Coverage and Corporate News

Numerical Measures That Influence Investment Decisions

Why Corporate Earnings Are Important Dividend Yield and Total Return Other Factors That Influence the Price of a Stock Making a Decision to Buy, Hold, or Sell a Stock—A Summary

Buying and Selling Stocks

Secondary Markets for Stocks Brokerage Firms and Account Executives Should You Use a Full-Service or a Discount Brokerage Firm? Sample Stock Transactions Commission Charges

Long-Term and Short-Term Investment Strategies

Long-Term Techniques Short-Term Techniques

13 Investing in Mutual Funds

Why Investors Purchase Mutual Funds

The Psychology of Investing in Funds Characteristics of Funds

Classifications of Mutual Funds

Stock Funds Bond Funds Other Funds The Benefits of Portfolio Construction Choosing the Right Fund for a Retirement Account

How to Make a Decision to Buy or Sell Mutual Funds

Managed Funds versus Index Funds The Internet Professional Advisory Services The Mutual Fund Prospectus and Annual Report Financial Publications and Newspapers

The Mechanics of a Mutual Fund Transaction

Return on Investment Taxes and Mutual Funds Purchase Options Withdrawal Options

14 Starting Early: Retirement and Estate Planning

Planning for Retirement: Start Early

Why Is It Important Now? Saving Smart for Retirement: Even a Little Goes a Long Way Conducting a Financial Analysis Estimating Retirement Living Expenses

Your Retirement Income

Employer Pension Plans Public Pension Plans Personal Retirement Plans Annuities Living on Your Retirement Income

Estate Planning

The Importance of Estate Planning What Is Estate Planning? Legal Documents

Legal Aspects of Estate Planning

Wills Types of Wills Formats of Wills Writing Your Will A Living Will Trusts Types of Trusts Taxes and Estate Planning

Appendixes

A Education Financing, Loans, and Scholarships B Developing a Career Search Strategy C Consumer Agencies and Organizations D Daily Spending Diary

Index

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