Get A Financial Life Personal Finance - 898 Words

Within the book, Get a Financial Life: Personal Finance in Your Twenties and Thirties, author Beth Kobliner provides plentiful knowledge to help with financial literacy. Kobliner, a journalist, author, and personal finance expert has set this book up to answer a variety of questions that aid in a better understanding of one’s financial affairs. The questions divided into different chapters cover specific financial choices and problems people are faced with. Unquestionably, this book is useful to incoming college students, because it details how to set financial goals, manage debt, banking tools, insurance advice, and how to get the most from taxes. Fortunately, most people know what goals are and may have set some of their own in the past. However, many new college students have not had to support themselves financially or are not equipped with the knowledge it takes to form a realistic spending budget with allocation of saving. In order to determine one’s financial st anding one must know their expense to income ratio. Kobliner provides a worksheet that breaks down sources of income and expenses, which allows one to see easily their monthly income and outcome. Unfortunately, the knowledge of what one spends and earns in a month is ineffective unless accompanied with guidelines to help appraise one’s current asset consumption. In order to service the worksheet she provides target ratios for debt, rent, and savings to total income. To finalize this chapter, she providesShow MoreRelatedHandling The Green Drug And Substance Use1336 Words   |  6 PagesPatients were encouraged to discuss and share how to manage their finances, take responsibilities, and work toward financial maturity. PO moderately participated in the group process by actively contributing to the group discussion and sharing personal financial goals with peers. PO stated â€Å"It is frustrating and time consuming to catch up on so many responsibilities†. However, PO a ppears to have plans for regaining control of his life by taking one item each week and focus on clearing up one area atRead MorePersonal Finance And Social Finance1268 Words   |  6 PagesPersonal Finance has always been an emotional topic in the United States. Today, many Americans are generating unlimited wealth and living exceptional lives, while others are struggling to make ends meet. Evidently, people’s actions and beliefs are the deciding factors in their achievement of wealth. Thus, this huge gap in wealth between rich and poor people has a special connection with the philosophy and attitude of each individual toward personal finance. Merriam-Webster Dictionary definedRead More Managing Personal Finances Essay787 Words   |  4 PagesManaging Personal Finances Managing personal finances is an important skill to acquire. However, no where in school is this subject taught. As a result of a lack of preparation, our society is subject to a high percentage of people who lack financial success. Those who are successful at managing their personal finances will find that they are successful in many other areas as well. To learn how to manage personal finances there are books and web sites that provide a step by step guide toRead MorePersonal Finance And Social Finance1196 Words   |  5 PagesPersonal Finance has always been an emotional topic in the United States. Today, many Americans are generating unlimited wealth and living exceptional lives, while others are struggling to make ends meet. Evidently, people’s actions and beliefs are the deciding factors in their achievement of wealth. So, this huge gap in wealth between rich and poor people has a special connection with the philosophy and attitude of each individual toward persona l finance. Merriam-Webster Dictionary definedRead MorePersonal Finance Of The United States1201 Words   |  5 PagesWealth and Personal Finance in the U.S. Personal Finance has always been an emotional topic in the United States. Today, many Americans are generating unlimited wealth and living exceptional lives, while others are struggling to make ends meet. Evidently, people’s actions and beliefs are the deciding factors in their achievement of wealth. So, this huge gap in wealth between rich and poor people has a special connection with the philosophy and attitude of each individual toward personal finance. Read MoreAssessment of Personal Financial Wellness of Teachers1115 Words   |  5 PagesProper financial education is an important part of life because it affects virtually every aspect of it. Everyone will likely someday face a difficult financial situation, whether large or small, that requires time and money. Having a good understanding of daily cash inflows and outflows in personal finances will help make tough situations less stressful and easier to handle. Cash (1996) Among five risk stressors in life ( relationships, work, health , crime/violence, amp; personal finance), personalRead MoreFinance : An Important Aspect Of Everyday Life926 Words   |  4 PagesFinance is an important aspect of everyday life. Keeping finances in balance is a vital thing to be a successful individual in virtually all areas of life. It is of utmost importance that children and teenagers get taught about the importance of finances and are able to see their personal finance in action. This will insure, as a young adult, they will know even the basics of how to handle money, deal with credit, maneuver insurances and other basic forms of finances. How did parents andRead MoreThe Profession of Financial Planners1410 Words   |  6 Pagesthe profession of a financial planner. The services that financial planners offer usually vary widely. Some financial planners look at every aspect of a client’s life and show the client how he or she can spend and save money more wisely. Other financial planners show clients where and how to invest money (â€Å"Financial planners,† 2008). Four of the major specialty areas of financial planners include major life changes, personal finances, investments, and business finances (â€Å"Financial planning associationRead MorePersonal Finance Planning : The Financial Management999 Words   |  4 PagesPersonal Finance Planning Introduction Personal Finance is the financial management which an person or a family unit performs to spending plan, spare, and invest fiscal assets over time, considering different monetary risks and future life events (Salohalla, 2011). Like many people, you have seeks and dreams and life objectives after yourself and your crew. These might incorporate purchasing a home or business, putting something aside for school instruction for your youngsters, taking a fantasyRead Moreassignment brief1179 Words   |  5 PagesDiploma Business Unit 20 Managing personal finances Assignment title Unit 20 Managing personal finances Assignment 1 of 1 In this assessment you will have opportunities to provide evidence against the following criteria. Indicate the page numbers where the evidence can be found. Criteria reference To achieve the criteria the evidence must show that the student is able to: Task no. Page numbers P1 Outline ways of managing personal financial planning and accurate record keeping