The Complete Guide to Personal Finance for Teenagers and College Students

The Complete Guide to Personal Finance for Teenagers and College Students

by Tamsen Butler

NOOK Book(eBook)

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In this completely revised edition, young people learn how to get and manage credit, how to make and stick to a budget, how to pay for college, how to determine needs versus wants, how to pay for a car, how to open a bank account, how to balance a checkbook, how to manage finances online, and how to avoid financial mistakes. You will also learn about investments, taxes, checks, debit cards, credit cards, and budget tips. This book is filled with helpful suggestions from financial counselors, and you will discover ways to jumpstart your financial future and use money responsibly.

Product Details

ISBN-13: 9781620230862
Publisher: Atlantic Publishing Group
Publication date: 12/10/2016
Sold by: Barnes & Noble
Format: NOOK Book
Pages: 288
Sales rank: 482,779
File size: 10 MB
Age Range: 13 - 17 Years

Table of Contents

Foreword 11

Introduction 13

Chapter 1 Learning from the People Around You 17

Your Parents 18

How to ask for a peek 22

Learning by example 23

Other People 24

Chapter 2 Spending and Saving 31

Needs versus Wants 32

Need versus wants questionnaire 34

Why does it matter? 37

They All Want Your Money 41

Impulse buying 43

Sure, you can spend 46

Chapter 3 Stashing Your Cash 53

Different Types of Bank Accounts 54

Savings accounts 54

Checking accounts 58

Other types of accounts 60

Putting Money into Your Savings or Checking Account 63

Depositing money by mail 63

Depositing money by ATM 67

Depositing money by other means 71

Where Should You Put Your Money? 72

Develop your plan 77

Picking a bank 81

Online Banking 83

Fees 85

Chapter 4 Budgeting Basics 91

What is a Budget? 93

Create Your Budget 100

Write it down! 100

Track Your Spending 109

Cash envelopes 110

Spending logs 115

Sample spending log 119

Cards 119

Deciding how to track your spending 126

Chapter 5 Creditors and the Games They Play 129

The Principles of Credit 130

Common credit card fees include 132

The Tactics 135

Look out 135

Here, have something for free 136

Here, let us help you 138

Here, buy anything you want 139

Here, become an adult 144

Minimum payment: Bad news 146

What if I don't pay? 150

Chapter 6 Debt, Debt, and More Debt 161

Good Debt and Bad Debt 163

Good debt 164

Bad debt 164

Handle your debt 168

The debt spiral 177

Are you in trouble? 178

Getting rid of debt 182

Chapter 7 What Are You Saving For? 185

How to Save 186

Saving for things you want to buy 186

Saving for college 191

Student loans 196

Saving for a rainy day 200

Chapter 8 Getting Money 205

Getting an Allowance 207

Getting a Job 211

Resources for Finding a Job 216

Create Your Own Job 218

Get rich quick? 224

Chapter 9 Financial Responsibility 227

Cosigners and Joint Accounts 228

Parental access 231

Chapter 10 Credit Reports 233

What's Listed? 234

Credit Scores 235

Identity theft 236

Chapter 11 Everything Else You Need to Know 243

Investing 244

Taxes 245

Insurance 246

Chapter 12 On Your Own 249

Making the Decision to Leave 249

The Current State of the Economy 252

Budgeting Worksheet 253

Conclusion: Congratulations! 255

Glossary of Terms 257

Author Biography 277

Bibliography 279

Index 281

Customer Reviews