Personal Finance 13 9780077861643
Personal Finance

Personal Finance

Grade Levels: 13
By Jack Kapoor and Les Dlabay and Robert J. Hughes
Copyright: 2015
Publication Date: January 29, 2014
MHID: 0077861647
ISBN 13: 9780077861643

  • Price :
  • Qty :
  • Total :

The purchase quantity range should be 1-29 for this product.

New Features

McGraw-Hill’s Connect Finance offers a number of powerful tools and features to make managing assignments easier and the learning process more accessible and efficient.

  • Auto-graded assignments and assessments can be created from end-of-chapter materials and the test bank, including algorithmic problems, and students receive immediate, detailed feedback .
  • Questions mapped to AACSB skill areas, Bloom’s Taxonomy levels, and difficulty level enable you to run reports that assess specific learning outcomes.
  • Interactive Applications stimulate critical thinking and reinforce key concepts, and students receive immediate feedback and can track their progress in their own report.
  • Prep Courses for Math, Statistics, Accounting, and Economicsinclude tutorial modules with quiz questions to get students up to speed on the basics.
  • Pre-built assignments are available to save set-up time.

  • LearnSmart ensures students are learning faster, studying more efficiently, and retaining more knowledge. It pinpoints concepts the student does not understand and maps out a personalized study plan for success. Based on students’ self-diagnoses of their proficiency, LearnSmart intelligently provides students with a series of adaptive questions. This provides students with a personalized one-on-one tutor experience.
  • NEW! SmartBook is the first and only adaptive reading experience. Powered by LearnSmart, SmartBook facilitates the reading process by identifying what students know and don't know. Then, as students read, the material continuously adapts to ensure that they're focused on the content they need the most to close specific knowledge gaps.

Connect Finance. This option combines all the great features of Connect Finance, along with access to an online version of Personal Finance, so that students can easily refer back to the text for review and guidance. This media rich e-book links directly to tutorials and online resources.

New Appendix A: Education Financing, Loans, and Scholarships. This topic is especially relevant to students as one of their first major financial decisions is paying for their education. The new Appendix A covers applying for student loans and scholarships, key terms and forms, and the different types of financial aid available. Key resource websites are also highlighted.

At the end of each chapter, a new Personal Finance Dashboard encourages students to rethink their personal financial habits and take action to make better financial decisions.

Every chapter has been revised and updated with information most relevant to today's students. New material includes coverage of:

  • The “skills gap” - the difference between skills needed by employers and the skills possessed by applicants
  • Storing financial documents “in the cloud”
  • Changes in perception about credit and credit advantages and disadvantages
  • Predatory lending and how some lenders exploit lower-income and minority borrowers
  • The Health Insurance Marketplaces, the Patient Protection and Affordable Care Act, and updates on the health care debate
  • Stock market bubbles and how they can affect the value of investments
  • The psychology of investing in bonds

  • Key Features

    Chapter openers introduce the My Life feature which actively involves the student in the chapter material by relating it to their lives and explaining not only what they'll learn in the chapter, but also why it's important. Includes follow-up questions to motivate students to improve their approach to personal finance.

    The Daily Spending Diary is included in Appendix C for students to record their day to day expenses in different categories, helping them monitor their everyday spending to maintain better control over their finances as daily spending can have a huge impact on achieving financial goals. The end of each chapter includes a Daily Spending Diary exercise that asks students to consider how they can change their daily spending habits to improve their personal finances overall.

    The authors present personal financial planning for a variety of life situations so that the text is a practical resource throughout one's lifespan. It addresses the financial needs of a single parent, two-income, mixed-generation, and other types of households throughout the text. The different financial pressures and considerations that come into play in these situations are illustrated in text examples, the Financial Planning for Life's Situations boxes, and in the end-of-chapter Financial Planning Cases and in the Continuing Cases.

    Personal Finance teaches quantitative analysis in financial planning by presenting more than 90 commonly used key formulas (summarized at the end of each chapter) and mathematical functions in text discussion and examples. This information is further highlighted in the Financial Planning Calculations boxes, which provide additional examples and information for students.

    Personal Financial Planner (PFP) sheets correlate with the sections of the text and are conveniently located at the end of the text! The PFP sheets are written by the authors to help students create and implement a personal financial plan. These perforated sheets ask students to work through the application and record their own personal financial plan answers; thus, applying answers to their own personal situations and providing a roadmap to their personal financial future. Excel versions of these sheets are available on the website at

    Every chapter includes a Video Case. The instructor can show the video segment in class (each segment is about 5-10 minutes long - perfect for discussion launchers!) and then use the Video Case questions at the end of the chapters for class discussion. These cases are another way to help students analyse financial situations.

    “Did You Know?” boxes contain the latest facts, information and financial planning assistance available. These are short but useful boxes that have proven popular among faculty and students alike.

    Personal Finance

    Part 1 Planning Your Personal Finances

    1. Personal Finance Basics and the Time Value of Money

    Appendix: The Time Value of Money

    2. Financial Aspects of Career Planning

    Appendix: Resumes, Cover Letters, and Interviews

    3. Money Management Strategy: Financial Statements and Budgeting

    4. Planning Your Tax Strategy

    Part 2 Managing Your Personal Finances

    5. Financial Services: Savings Plans and Payment Accounts

    6. Introduction to Consumer Credit

    7. Choosing a Source of Credit: The Costs of Credit Alternatives

    Part 3 Making Your Purchasing Decisions

    8. Consumer Purchasing Strategies and Legal Protection

    9. The Housing Decision: Factors and Finances

    Part 4 Insuring Your Resources

    10. Property and Motor Vehicle Insurance

    11. Health, Disability, and Long-Term Care Insurance

    12. Life Insurance

    Part 5 Investing Your Financial Resources

    13. Investing Fundamentals

    14. Investing in Stocks

    15. Investing in Bonds

    16. Investing in Mutual Funds

    17. Investing in Real Estate and Other Investment Alternatives

    Part 6 Controlling Your Financial Future

    18. Starting Early: Retirement Planning

    19. Estate Planning


    Appendix A: Education Financing, Loans, and Scholarships

    Appendix B: Financial Planners and Other Information Sources

    Appendix C: Consumer Agencies and Organizations

    Appendix D: Daily Spending Diary

    About the Author

    Jack Kapoor

    Dr. Jack Kapoor is a Professor of Business and Economics in the Business and Services Division. Dr. Kapoor has taught Business and Economics at College of DuPage since 1969. He received his B.A. and M.S. from San Francisco State College and his Ed.D. from Northern Illinois University. Professor Kapoor was recently awarded the Business and Services Division's Outstanding Professor Award for 1999-2000. Dr. Kapoor is known internationally as a co-author of several textbooks including Business: A Practical Approach (Rand McNally), Business (Houghton Mifflin), and Focus on Personal Finance (Richard D. Irwin/McGraw-Hill).

    Les Dlabay

    Les Dlabay teaches in the Department of Economics and Business at Lake Forest College, Lake Forest, Illinois. Over the past 25 years, he has taught more than 30 different courses in high school, community college, university, adult education, and teacher preparation programs. Dr. Dlabay has developed a wide variety of textbook materials, student activity guides, instructor manuals, testing programs, audio-visual materials, and software packages in the areas of Personal Finance, Consumer Economics, and International Business. Dr. Dlabay has served as a consultant to corporations, educational institutions, and government agencies. He has presented more than 140 workshops and seminars in over 20 states to encourage teachers to actively involve students in the learning process with video presentations, newsletters, interviews, and Internet research activities.

    Robert J. Hughes

    Professor of business at Dallas County Community Colleges, believes that these two words can literally change people's lives. Whether you want to be rich or just manage the money you have, the ability to analyze financial decisions and gather financial information are skills that can always be improved. In addition to writing several textbooks, Dr. Hughes has taught personal finance, introduction to business, business math, small business management, small business finance, and accounting since 1972. He also served as a content consultant for two popular national television series, It's Strictly Business and Dollars & Sense: Personal Finance for the 21st Century, and is the lead author for a business math project utilizing computer-assisted instruction funded by the ALEKS Corporation. He received his BBA from Southern Nazarene University and his MBA and EdD from the University of North Texas. His hobbies include writing, investing, collecting French antiques, art, and travel.