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Personal Finance: An Integrated Planning Approach, 8/E
Ralph R Frasca

ISBN-10: 0136063039
ISBN-13:  9780136063032

Publisher:  Prentice Hall
Copyright:  2009
Format:  Paper; 504 pp
Published:  10/01/2008
Status: Instock


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Description

For Undergraduate or Graduate courses in Personal Finance or Professional Financial Planning

Personal Finance: An Integrated Planning Approach prepares students to meet the challenges of a changing economy by focusing on the two most important personal financial skills: planning and a basic understanding of planning techniques; and the ability to think critically and to make effective decisions.


Features

For Undergraduate or Graduate courses in Personal Finance or Professional Financial Planning

Personal Finance: An Integrated Planning Approach prepares students to meet the challenges of a changing economy by focusing on the two most important personal financial skills: planning and a basic understanding of planning techniques; and the ability to think critically and to make effective decisions.

Decision-Making Approach: The analysis employs a four-part approach to decision making that involves setting goals, listing alternatives, measuring performance, and evaluating achievement. Important in this process are the concepts of opportunity costs and marginal analysis. These topics are introduced and explained in Chapter 1 and are used extensively throughout the text.

An Emphasis on Risk and Return: At the core of financial decision making is the balancing of risk and return. This concept applies in particular to investments, but it’s also useful in decisions that involve uncertainty; thus, there is an expanded discussion of risk management in the insurance section. In the investment section, we treat risk in such a way that students can use the concept when making investments.

UPDATED. An Illustrative Family: The decision-making approach is highlighted by the Steeles, a typical American family readers will follow throughout the book, as they deal with problems and make decisions. In the new edition, the Steeles’ financials have been updated to better reflect today’s cost of living and current tax laws.

A Goal Planning Exercise: As a single mother with a four-year old son is trying to get ahead financially on a limited income, students have an opportunity to participate in the planning of this difficult situation.

A Complete Complement of End-of-Chapter Learning Aids including:
•    Follow-Up on the Steeles:  Thought provoking questions designed to stimulate students to think about solutions to specific financial planning problems.
•    Problems and Review Questions: A list of questions meant to provide the basis for a review of textual material and to stimulate thought and discussion on the chapter’s content. The questions and problems have been updated to reflect changes in the financial environment.
•    Cases in Personal Finance: When completed, two case studies provide additional insight into the topics covered. These study aids are more challenging than the problems and review questions, and require a firm grasp of the fundamentals and more computation. In this edition all cases have been revised to reflect changes in the financial environment.
•    Working Out on the Web Exercises designed to show students how the Internet can be used as a financial planning tool. The exercises are linked to informational sources on the Internet.

New to This Edition:

New themed boxes have been included covering current topics such as the sub-prime crisis, retirement allocation funds, and payday loans.

UPDATED. An Illustrative Family: The decision-making approach is highlighted by the Steeles, a typical American family readers will follow throughout the book, as they deal with problems and make decisions. In the new edition, the Steeles’ financials have been updated to better reflect today’s cost of living and current tax laws.

Discussion of becoming a professional financial planner has been added to the Chapter 1 Appendix.  

Chapter 4, Taxes, now includes special considerations for military personnel.

Electronic check conversion and substitute checks are explained in Chapter 5, Cash Management.

Student loans significantly expanded (Chapter 6).

Option and 2/28 mortgages, which were an important factor in the sub-prime mortgage crises are now explained in Chapter 8, Housing.

Mandatory health insurance in Massachusetts has been added to Chapter 14, Healthcare and Disability Insurance.

The emergence of the electronic communications network and the integration of the NYSE into Euronext are covered in Chapter 9, Financial Markets and Institutions.


New To This Edition


New themed boxes have been included covering current topics such as the sub-prime crisis, retirement allocation funds, and payday loans.

UPDATED. An Illustrative Family: The decision-making approach is highlighted by the Steeles, a typical American family readers will follow throughout the book, as they deal with problems and make decisions. In the new edition, the Steeles’ financials have been updated to better reflect today’s cost of living and current tax laws.

Discussion of becoming a professional financial planner has been added to the Chapter 1 Appendix.  

Chapter 4, Taxes, now includes special considerations for military personnel.

Electronic check conversion and substitute checks are explained in Chapter 5, Cash Management.

Student loans significantly expanded (Chapter 6).

Option and 2/28 mortgages, which were an important factor in the sub-prime mortgage crises are now explained in Chapter 8, Housing.

Mandatory health insurance in Massachusetts has been added to Chapter 14, Healthcare and Disability Insurance.

The emergence of the electronic communications network and the integration of the NYSE into Euronext are covered in Chapter 9, Financial Markets and Institutions.


Table of Contents

PART 1. THE BASIC FRAMEWORK:
Organizing and Managing Your Financial Resources
1. Financial Planning: Why It’s Important to You
2.  The Time Value of Money: All Dollars Are Not Created Equal
3. Financial Statements and Budgets: Where Are You Now and Where Are You Going?
4.  Taxes: The Government’s Share of Your Rewards
PART 2. LIQUIDITY MANAGEMENT:
Managing Current Assets and Current Liabilities
5. Cash Management: Funds for Immediate Needs
6. Short-Term Credit Management: Consumer Credit
PART 3. BUYING NOW AND PAYING LATER:
Managing Your Long-Term Liabilities
7. Consumer Durables: The Personal Auto
8. Housing: The Cost of Shelter
PART 4. INVESTING FOR THE FUTURE:
Growing Your Financial Resources
9. Financial Markets and Institutions: Learning the Investment Environment
10. Investment Basics: Understanding Risk and Return
11. Stocks and Bonds: Your Most Common Investments
12. Mutual Funds and Other Pooling Arrangements: Simplifying and (Maybe) Improving Your Investment Performance
PART 5. PROTECTING YOUR WEALTH: Insurance and Retirement Planning
13. Property and Liability Insurance: Protecting Your Lifestyle Assets
14. Health Care and Disability Insurance: Protecting Your Earning Capacity
15. Life Insurance and Estate Planning: Protecting Your Dependents
16. Retirement Planning: Planning for Your Long-Term Needs
Appendix. Time-Value-of-Money Concepts



Previous Edition(s)

  • Personal Finance Integrated and Companion Website Access Card Package, 7/E
    Winger & Frasca
    ©2006  |  Prentice Hall  |  Kit/Package/ShrinkWrap; 496 pp  |  Out of Print
    ISBN-10: 0132191601  |  ISBN-13: 9780132191609
    Brief Description  |  More Info



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Websites and Online Courses

Companion Website for Personal Finance: An Integrated Planning Approach, 8/E
Frasca
©2009  |  Prentice Hall  |  Website  |  Live
ISBN-10: 0136063063  |  ISBN-13: 9780136063063
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Instructor's Manual, Personal Finance: An Integrated Planning Approach, 8/E
Frasca
©2009  |  Prentice Hall  |  On-line Supplement; 180 pp  |  Live
ISBN-10: 0136063608  |  ISBN-13: 9780136063605

Show Downloadable Files
 | More Info

PowerPoint, Personal Finance: An Integrated Planning Approach, 8/E
FRASCA
©2009  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0136063055  |  ISBN-13: 9780136063056

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 | More Info

Test Bank, Personal Finance: An Integrated Planning Approach, 8/E
Frasca
©2009  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 013606308X  |  ISBN-13: 9780136063087

Show Downloadable Files
 | More Info

TestGen® Computerized Test Bank for Personal Finance: An Integrated Planning Approach, 8/E
Frasca
©2009  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0136063071  |  ISBN-13: 9780136063070

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 | More Info

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Exam Copy for Personal Finance: An Integrated Planning Approach, 8/E
Frasca
©2009  |  Prentice Hall  |  Paper; 504 pp  |  Instock
ISBN-10: 0136063047  |  ISBN-13: 9780136063049
More Info

Companion Website for Personal Finance: An Integrated Planning Approach, 8/E
Frasca
©2009  |  Prentice Hall  |  Website  |  Live
ISBN-10: 0136063063  |  ISBN-13: 9780136063063
More Info

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Websites and online courses

Companion Website for Personal Finance: An Integrated Planning Approach, 8/E
Frasca
©2009  |  Prentice Hall  |  Website  |  Live
ISBN-10: 0136063063  |  ISBN-13: 9780136063063
More Info


For the Finance Discipline

FinCoach 2.0: CD-ROM Edition
Handa
©2002  |  Prentice Hall  |  CD-ROM Only  |  Instock
ISBN-10: 0130606189  |  ISBN-13: 9780130606181
More Info

Research Navigator: Resources for College Research
Pearson
©2006  |  Prentice Hall  |  Paper  |  Instock
ISBN-10: 0321186079  |  ISBN-13: 9780321186072
More Info


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Websites and Online Courses

Companion Website for Personal Finance: An Integrated Planning Approach, 8/E
Frasca
©2009  |  Prentice Hall  |  Website  |  Live
ISBN-10: 0136063063  |  ISBN-13: 9780136063063
More Info

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    Pearson
    ©2012  |  Prentice Hall  |  On-line Supplement  |  Live
    ISBN-10: 0136096557  |  ISBN-13: 9780136096559
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  • Personal Finance: An Integrated Planning Approach, CourseSmart eTextbook, 8/E
    Frasca
    ©2009  |  Prentice Hall  |  Electronic Book; 504 pp  |  Available
    ISBN-10: 0136063381  |  ISBN-13: 9780136063384
    Brief Description  |  More Info  |  Students, buy access

  • Personal Finance: An Integrated Planning Approach, Student Value Edition, 8/E
    Frasca
    ©2009  |  Prentice Hall  |  Unbound (Saleable); 504 pp  |  Instock
    ISBN-10: 0136095739  |  ISBN-13: 9780136095736
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