Personal Finance

by Guy Buker, Jerrie Muir & Erin Thomas

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This extensively updated edition of an open educational resource (OER) personal finance textbook brings timeless principles into the 2020s. With content originally developed by Rachel S. Siegel, CFA, and Carol Yacht, the revised version reflects today’s economic realities, technology, and diverse learner needs, empowering you to make informed, ethical, and well-reasoned financial decisions across all stages of life.

Description from LibreTexts.

Publisher
Coastline College
Subjects
Business
Licence
CC BY-NC-SA, as LibreTexts states it. Non-commercial use only.
Who can read
Tweens profiles and older, judged from its title and subjects

Contents

LibreTexts writes equations in TeX, and here they show as TeX; the PDF has them typeset.

  1. Front Matter
  2. Personal Finance
  3. InfoPage
  4. Table of Contents
  5. Licensing
  6. Preface
  7. About the Authors
  8. Grant and Remix Page
  9. 1: Personal Financial Planning
  10. 1.1: Introduction
  11. 1.2: Individual or "Micro" Factors That Affect Financial Thinking
  12. 1.3: Systemic or "Macro" Factors That Affect Financial Thinking
  13. 1.4: The Planning Process
  14. 1.5: Financial Planning Professionals
  15. 2: Basic Ideas of Finance
  16. 2.1: Introduction
  17. 2.2: Income and Expenses
  18. 2.3: Assets
  19. 2.4: Debt and Equity
  20. 2.5: Income and Risk
  21. 3: Financial Statements
  22. 3.1: Introduction
  23. 3.2: Accounting and Financial Statements
  24. 3.3: Comparing and Analyzing Financial Statements
  25. 3.4: Accounting Software - An Overview
  26. 4: Time Value of Money
  27. 4.1: Introduction
  28. 4.2: Liquidity - A Bridge Between Wealth and Choice
  29. 4.3: Time and Money - Why Waiting Changes Everything
  30. 4.4: Simple Interest - Today’s Dollar vs. Tomorrow’s Dollar
  31. 4.5: Compounding - When Your Interest Starts Earning Interest
  32. 4.6: Annuities - A Stream of Payments Over Time
  33. 4.7: Amortization - Breaking Down Big Payments Over Time
  34. 4.8: Putting It All Together
  35. 5: Financial Plans - Budgets
  36. 5.1: Introduction to Budgets
  37. 5.2: The Budget Process
  38. 5.3: Creating the Comprehensive Budget
  39. 5.4: The Cash Budget and Other Specialized Budgets
  40. 5.5: Budget Variances
  41. 5.6: Budgets, Financial Statements, and Financial Decisions
  42. 6: Taxes and Tax Planning
  43. 6.1: Introduction
  44. 6.2: Sources of Taxation and Kinds of Taxes
  45. 6.3: The U.S. Federal Income Tax Process
  46. 6.4: Record Keeping, Preparation, and Filing
  47. 6.5: Taxes and Financial Planning
  48. 7: Financial Management
  49. 7.1: What Money Actually Does
  50. 7.2: How Money Moves
  51. 7.3: Credit
  52. 7.4: Savings
  53. 7.5: Debt
  54. 7.6: Planning Forward
  55. 8: Consumer Strategies
  56. 8.1: Framing the Terrain
  57. 8.2: Seeing the Field
  58. 8.3: In the Tunnel
  59. 8.4: After the Swipe
  60. 8.5: Tools Before the Transaction
  61. 8.6: Tools After the Transaction
  62. 8.7: Reactivation
  63. 8.8: Consumer to Strategist
  64. 9: Buying a Home
  65. 9.1: Introduction
  66. 9.2: Identify the Product and the Market
  67. 9.3: Identify the Financing
  68. 9.4: Purchasing and Owning Your Home
  69. 10: Personal Risk Management- Insurance
  70. 10.1: Introduction
  71. 10.2: Insuring Your Property
  72. 10.3: Insuring Your Health
  73. 10.4: Insuring Your Income
  74. 11: Retirement and Estate Planning
  75. 11.1: Introduction
  76. 11.2: Retirement Planning - Projecting Needs
  77. 11.3: Retirement Planning - Ways to Save
  78. 11.4: Estate Planning
  79. 12: Behavioral Finance and Market Behavior
  80. 12.1: Introduction
  81. 12.2: Investor Behavior
  82. 12.3: Market Behavior
  83. 12.4: Market Efficiency
  84. 12.5: Extreme Market Behavior
  85. 12.6: Behavioral Finance and Investment Strategies
  86. 13: Introduction to Investing
  87. 13.1: Why Invest At All?
  88. 13.2: Investing vs. Saving
  89. 13.3: Risk and Return
  90. 13.4: Goals to Strategy
  91. 13.5: Instruments as Tools
  92. 13.6: Getting Help
  93. 14: Investment Options and Opportunities
  94. 14.1: Investing Fundamentals
  95. 14.2: Instruments
  96. 14.3: Markets
  97. 14.4: Strategies
  98. 14.5: Research
  99. 14.6: Formulas and Metrics
  100. Back Matter
  101. Index
  102. Glossary
  103. Detailed Licensing
  104. Detailed Licensing