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Personal Finance, 14th Edition

E. Thomas Garman, Jonathan Fox

  • Copyright 2024
  • {{checkPublicationMessage('Published', '2023-03-23T00:00:00+0000')}}
Starting At $79.95 See pricing and ISBN options
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Personal Finance 14th Edition by E. Thomas Garman/Jonathan Fox
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Overview

Garman/Fox's PERSONAL FINANCE, 14th EDITION, introduces students to personal financial management with a practical, reader-friendly approach. Using a step-by-step presentation of actionable items, students dig deep into how to save and invest, manage risk, plan for taxes, decrease credit card debt and build a low-stress financial future. This edition has been revised with special attention to diversity and inclusion, with the intention of bringing the reader even closer to the challenges and opportunities presented throughout the financial life cycle. Also included is "notes from our future selves", which are research-based actionable recommendations that show students how to protect their financial future, and be cautious of the present biases they bring into everyday financial decisions. Numerous math-based examples illustrate how to achieve long-term financial goals by calculating the financial equivalence between the present and the future. The online learning platform MindTap brings examples into practice with innovative exercises and applications for students to develop true understanding.

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Meet the Authors

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E. Thomas Garman

A renowned author, advisor and academic, Dr. E. Thomas Garman is a Fellow and Distinguished Professor Emeritus of Virginia Tech University, where he directed the National Institute for Personal Finance Employee Education. He subsequently founded the Personal Finance Employee Education Foundation. Author of 40 books and 200 academic research articles, Dr. Garman directed several funded research studies that link the financial fortunes of employers with the financial health of their employees. His research consistently showed that decreasing employee financial stress and improving personal financial well-being led to positive outcomes for workers and employers. Dr. Garman has worked for a U.S. senator, in economic development in West Africa and for a national non-profit credit counseling organization. He is a Distinguished Fellow of both the Association for Financial Counseling and Planning Education and the American Council on Consumer Interests. Dr. Garman has served on advisory boards for the Board of Governors of the Federal Reserve System, International Board of Standards and Practices for Certified Financial Planners, American National Standards Institute, National Foundation for Credit Counseling, U.S. Food and Drug Administration, and National Advertising Review Board. His record of consulting includes work for Profit Sharing/401(k) Council of America, Manulife Financial, AT&T, U.S. Navy, U.S. Army and U.S. Department of Defense. Dr. Garman’s work has been featured in hundreds of publications, including USA Today, New York Times, The Washington Post, The Los Angeles Times and U.S. News & World Report, and he has appeared on National Public Radio and NBC Nightly News.

Jonathan Fox

Jonathan Fox is the Ruth Whipp Sherwin Endowed Professor in the Department of Human Development and Family Studies; Director of the Financial Counseling Clinic; and Program Leader in financial counseling and planning at Iowa State University. He has taught comprehensive family financial planning for over 30 years at the University of Maryland, Ohio State University, and Iowa State University. His research focuses on the effectiveness of financial education interventions. He has served as principal investigator for several financial education evaluations and his publications appear in journals such as Financial Planning Review, Financial Services Review, Financial Counseling and Planning, Journal of Family Issues, Journal of Financial Therapy and Journal of Consumer Affairs. Dr. Fox works closely with the Certified Financial Planner Board’s Center for Financial Planning in their efforts to connect research and practice within the profession of financial planning. He holds a doctorate from the University of Maryland in consumer economics and a General Course degree from the London School of Economics. For a brief video introduction to Dr. Fox visit: https://www.youtube.com/watch?v=_qsemEaj1rM

What's New

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  • Notes from Your Future Self: These boxes inserted throughout the text are based in the latest research in behavioral finance. The content is often actionable advice which has proven to improve financial decision-making over the life course.
  • Inclusive Writing: The entire text has been rewritten to emphasize that we are all on a journey to financial success -- together. Messages of “you should” are revised as “we can” statements. Examples and case studies draw from a wider base of socioeconomic backgrounds.
  • My Personal Financial Planner: The complete written templates for all sections of a comprehensive financial plan is included as an appendix to this edition. Each section is integrated with end-of-chapter exercises. Upon completion of the course students will leave with a completed personal financial plan.
  • ONLINE ACTIVITIES. The internet is rich in both educational and proprietary financial planning tools. End-of-chapter activities guide the student in selection of unbiased sources that can be used to supplement their written comprehensive personal financial plan.
  • ONLINE LEARNING PLATFORM MINDTAP. Numerous enhancements have been added to MindTap for the 14th Edition that include Check Your Knowledge quizzes, auto-graded Excel Online activities, an algorithmic test bank and more.

Features

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  • NUMEROUS BOXED FEATURES HIGHLIGHT LEARNING TOOLS AND FINANCIAL RESOURCES. These boxed resources integrated throughout each chapter highlight actionable worksheets that become part of a comprehensive financial plan.
  • TO DO SOON. These lists start each chapter and emphasize financially related tasks to complete in the next few months to start the journey toward financial security.
  • DID YOU KNOW boxes highlight important, and often surprising, financial numbers and statistics related to the chapter's subject.
  • THE TAX CONSEQUENCES BOXES FOCUS ON THE IMPACT OF TAXES TODAY ON FINANCIAL DECISIONS. These features help the reader consider and evaluate the significance of income taxes when making financial decisions.
  • STRENGTHEN EMPHASIS ON BUDGETING, SAVING FOR EMERGENCIES AND INVESTING FOR RETIREMENT PREPARES STUDENTS FOR THE FUTURE. This edition offers more hands-on opportunities to practice the keys to budgeting, emergency fund saving and investing for retirement. All information appears in this edition's approachable writing style that actually encourages students to read.
  • FOCUS ON BEHAVIOR OVER INFORMATION. Students can easily understand and see the value of the personal finance advice and step-by-step processes in this edition as they apply their own situation to worksheets and activities, which encourages them to actually put the principles into practice in their own lives. Classroom research has demonstrated how well learners are able to master personal finance topics when fully engaged with their own situations.
  • MY PERSONAL FINANCIAL PLANNER FINANCIAL TOOL PROVIDES THE RESOURCES STUDENTS NEED TO APPLY WHAT THEY'VE LEARNED. This valuable financial planner, offered as part of the text, provides 70 worksheets that allow students to put into practice all the major financial planning tools highlighted in this edition.
  • POWERFUL INSTRUCTOR RESOURCES ENABLE YOU TO "FLIP THE CLASSROOM." "Do It In Class" icons in every chapter guide your students through "Do It In Class Exercises." These exercises include problems, cases and exercises for students to complete in class to ensure understanding and strengthen their problem-solving skills.
  • "WHAT DO YOU RECOMMEND?" AND "WHAT DO YOU RECOMMEND NOW?" CHAPTER OPENING AND CLOSING NARRATIVES DRAW STUDENTS INTO CHAPTER CONTENT WITH ENGAGING DISCUSSION. Each chapter-opening scenario is followed by a question and four potential answers. The results are often unexpected and provide an excellent opportunity to engage students. The corresponding closing feature asks students to return to the opening vignette after reading the entire chapter and apply what they have learned.
  • NOTES FROM A FINANCIAL PROFESSIONAL feature advice and insight from widely published financial experts. These boxed inserts, written by many of today's leading financial experts, offer practical tips for students to manage their personal finances.
  • ONGOING FINANCIAL PLANNING CASES present financial decisions throughout the life cycle. These cases at the close of each chapter present various finance concepts from the vantage point of a married couple, single person, retiree, parent and other demographics following each from planning area to planning area.

Table of Contents

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Part I: FINANCIAL PLANNING.
1. Understanding Personal Finance.
2. Career Planning.
3. Financial Statements, Goals, and Budgets.
Part II: MONEY MANAGEMENT.
4. Managing Income Taxes.
5. Managing Checking and Savings Accounts.
6. Building and Maintaining Good Credit.
7. Credit Cards and Consumer Loans.
8. Vehicles and Other Major Purchases.
9. Obtaining Affordable Housing.
Part III: INCOME AND ASSET PROTECTION.
10. Managing Property and Liability Risk.
11. Planning for Health Care Expenses.
12. Life Insurance Planning.
Part IV: INVESTMENTS.
13. Investment Fundamentals.
14. Investing in Stocks and Bonds.
15. Mutual and Exchange-Traded Funds.
16. Real Estate and High-Risk Investments.
17. Retirement and Estate Planning.

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MindTap Options

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MindTap
Each MindTap product offers the full, mobile-ready textbook combined with superior and proven learning tools at one affordable price. Students who purchase digital access can add a print option at any time when a print option is available for their course.

This Cengage solution can be seamlessly integrated into most Learning Management Systems (Blackboard, Brightspace by D2L, Canvas, Moodle, and more) but does require a different ISBN for access codes. Please work with your Cengage Learning Consultant to ensure the proper course set up and ordering information. For additional information, please visit the LMS Integration site.

Standalone Digital Access — Ultimate Value

Recommended and most popular

  • ISBN-10: 0357901533
  • ISBN-13: 9780357901533
  • RETAIL $84.95
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Textbook Only Options

Traditional eBook and Print Options

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  • ISBN-10: 0357901622
  • ISBN-13: 9780357901625
  • RETAIL $79.95

  • ISBN-10: 0357901495
  • ISBN-13: 9780357901496
  • RETAIL $197.95
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Supplements

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Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.

FOR STUDENTS

MindTap for Garman/Fox's Personal Finance, 2 terms Instant Access

ISBN: 9780357901533
MindTap for Garman/Fox's Personal Finance, 14th Edition, is the digital learning solution that powers students from memorization to mastery. It gives you complete control of your course -- to provide engaging content, to challenge every individual, and to build their confidence. Empower students to accelerate their progress with MindTap. MindTap: Powered by You. MindTap gives you complete ownership of your content and learning experience. Customize the interactive syllabi, emphasize the most important topics and add your own material or notes in the eBook.