Take charge of your finances and build your future
If managing money feels intimidating, you’re not alone. The Personal Finance Workbook for Beginners clarifies key financial concepts, offers straightforward advice, and puts you on the path to greater success with money—no matter your age, job, or bank balance.
No time like the present—Get started right away with practical, empowering guidance for everything from creating a budget to managing debt and investing.
A hands-on workbook format—Write directly in this book as you take quizzes and answer questions that will give you a clearer picture of your finances and help you set achievable goals.
Make a plan that works for you—Determine the best ways to make the most of your money based on your personal needs, values, and lifestyle.
Author(s): Redling, Dylin; Tom, Allison
Publisher: Rockridge Press
Year: 2022
Language: English
Commentary: Personal Finance Workbook, for Beginners, Practical Exercises, Smarter Money Management, Financial Empowerment
Pages: 166
Tags: Personal Finance Workbook, for Beginners, Practical Exercises, Smarter Money Management, Financial Empowerment
Contents
Introduction
How to Use This Book
How to Use This Workbook on an Ebook Device
Part I: Essential Steps to Get Started with Personal Finance
Chapter 1: Focus on the Person in Personal Finance
Financial Beliefs Checklist
How Your Spending Reflects Your Values
Are Your Habits Costing You Money?
Conscious vs. Unconscious Spending
Chapter 2: Assess Where You Are and Decide Where You Want to Go
Making a SMART Financial Goal
Rate Your Financial Health Metrics
Myths about Financial Health
Short- and Long-Term Financial Goals
Chapter 3: Make a Plan to Stabilize Your Foundation
Your Financial Foundation
Your Current Budget
Changes to Your Monthly Budget
Financial Foundation Action Checklist
Part II: Building a Financially Healthy Life
Chapter 4: Dealing with Debt
Test Your Knowledge about Debt
Using the Avalanche Method to Pay Down Your Debts
Using the Snowball Method to Pay Down Your Debts
Cutting Through the Myths about Debt
Chapter 5: Employment, Benefits, and Earnings
Rating Different Compensation Packages
Your Plan to Get a Promotion and Raise
Yearly Calendar to Achieve a Promotion or a Better Job
What Do You Know about Employment?
Chapter 6: Buying a Home, Renting a Home
Test Your Knowledge about Buying a Home
Evaluating Whether to Buy or Rent Your Home
Your Monthly Budget: Renting vs. Owning
Rating Top Features for Your Next Home
Chapter 7: Planning for Retirement
Busting Retirement Planning Myths
Checklist for Planning Your Retirement
Budgeting Your Retirement Expenses
Long-Term Retirement Planning Calendar
Chapter 8: Investing in Your Future
Test Your Knowledge about Investing
Determining Your Risk Tolerance
How to Evaluate What to Invest In
Researching Your Investing Options
Final Thoughts
Resources
References
Acknowledgments
About the Authors
