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Everything Personal Finance in Your 20s and 30s: Erase your debt, personalize your budget, and plan now to secure your future (Everything S
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Worried about your financial future? Living paycheck to paycheck? Find it hard to save money? The Everything Personal Finance Book in Your 20s and 30s Book, 2nd Edition makes saving for the future easy. This updated edition provides step-by-step instructions on how to:
- Budget scarce funds
- Recover from credit card debt
- Pay off student loans
- Plan for large purchases
- Build an emergency fund
- Sales Rank: #1751871 in Books
- Published on: 2008-04-01
- Format: Bargain Price
- Number of items: 1
- Dimensions: .88" h x 8.04" w x 9.09" l,
- Binding: Paperback
- 336 pages
About the Author
Debby Fowles was the About.com Guide for Financial Planning. She had more than twenty years of accounting and business experience and is the author of the first edition of The Everything Personal Finance in Your 20s and 30s Book.
Most helpful customer reviews
11 of 12 people found the following review helpful.
A Good CHRISTMAS / GRADUATION GIFT for Young Folk
By Jay Stevenson
This is a 2nd Edition updated in 2008.
STRONGLY recommend this book to every young man and woman graduating from High School or College. A very practical, down-to-earth guide to all sorts of financial issues (including budgeting, credit cards, renting an apartment, buying a home, insurance, retirement planning/401K/IRA/Roth versions, investing, and debt reduction).
Have given a half dozen copies of the first edition to first cousins once removed, and will now be giving the second edition to the next crop of friend's kids.
This 2nd Edition has updated a lot of material, but has added important new material such as ROTH 401 plans, etc. Good job by the author.
Last Christmas-time, a year after giving a first cousin once removed (also a college student) a first edition copy of the book, I asked if they used the book. The answer was yes, it was passed back and forth to their friends, and they (the cousin and her hubby) came back from the bank after applying for a home loan and reread the chapter to understand the terms of the loan expoused by the loan officer.
This book and Dave Ramsey's book, Financial Peace University, will assure that any young person will be well versed in how to handle money.
Five star rating. Highly recommend as a Christmas or graduation gift.... JAS
2 of 2 people found the following review helpful.
Just what I needed!
By V. Clifford-Leopold
Im in my early 20's and I wanted to start planning for my retirement (the sooner the better) but just entering the real world I have no idea where to start or anything about Finances and this book is awesome. It broke terms down for me to understand and its really helping me take hold of my financial future! This is a great book!
7 of 9 people found the following review helpful.
Uneven but useful introduction
By Art Van Kilmer
I read this book shortly after turning 25 having graduated from college with hefty student loans and in between jobs. I'd say I was definitely in the target audience for the book. I assumed this book was for the absolute beginner, assuming no previous personal finance knowledge. I was wrong.
The book covers a solid range of material but doesn't always hold your hand. At times, it walks you through new concepts gently and slowly, such as investing, retirement, and estate planning. But several times it rips through material very quickly assuming you already know the basics. I felt that when reading the about insurance, credit cards, and net worth. This is best illustrated by the following passage, "How to Prepare a Net Worth Statement":
"Start by listing all the things of value you own, even if you owe money on them, such as your house and car. Use their full market value as of today. The balances of the loans related to these assets will be included in the liabilities section, so your equity in the assets you list won't be overstated. For bonds, stock options, and retirement accounts, use the current value, not the value at maturity or the value on the date you're fully vested."
This is chapter 1 and this is intimidating! Why the paragraph full of financial terminology without definitions? Sure, things like full market value are explained soon after but most aren't. Where is the proper overview of everything that fits into your financial picture? Why am I ask to sum things I'm not sure I even have in terminology that hasn't even been explained yet?
Overall, the book is a worthwhile read. I just hope the 3rd edition, if there ever is one, walks you through more of the basics because not every 20-something-year-old has a mortgage, a car, a spouse, stocks, bonds, mutual funds, wills, disability insurance, 401(k)s and Roth IRAs. And if they do, do they really need this book?
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