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Your money life: Your 30s
Publisher
Cengage Learning
Publication Date
[2015]
Language
English
Description
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Table of Contents
From the Book
Chapter 1. The Path
Dealing with Financial Distractions
Goals Aren't Just for January First
Three Essential Truths to Carry through Your Thirties
What You Will Learn
Debt
Spending
Budgeting
Major Purchases
Credit
Saving and Investing
Insurance
A Plan
Your Removable Guide
Get Started
Chapter 2. The Past: Debt
The Cheap-Money Fallacy
Types of Debt
Student Loans
Bank Credit Card Debt
Store Credit Card Debt
Car Loan
Home Loan (Mortgage)
Medical Debt
Lines of Credit (Secured and Unsecured)
401(k) Loans
Payday Loans
Personal Loans (from a Financial Institution)
Personal Loans (from a Family Member or Friend)
Tax Debt
Collection Debt
Judgments
A Closer Look at Debt and Paying It Down
Debt Pay-Down Process
The Math Method
The Momentum Method
The Shotgun Method
Getting Out of Debt
Step 1: Map Out Your Debt
Step 2: Build Momentum with Small Debt Victories
Step 3: Commit to a Debt-Payment Schedule
Your Perspective Needs to Shift
What Now?
Chapter 3. The Present: Spending
How Using a Credit Card Complicates Spending
If Not a Credit Card, Then What?
Should You Select Debit or Credit When Swiping Your Debit Card?
How Do You Actually Reduce Spending?
Groceries
Dining Out
Utilities
The New Necessities
Is It Ever Okay to Splurge?
Chapter 4. The Pie: Budgeting
Is It Time to Relent?
Three Great Reasons to Start Budgeting
The Ideal Household Budget
Rent/Mortgage, Including Property Taxes and Property Insurance: 25 Percent
Transportation: 15 Percent
Groceries and Dining Out: 12 Percent
Savings: 10 Percent
Utilities: 10 Percent
Charity: 5 Percent
Clothing: 5 Percent
Medical: 5 Percent
Entertainment: 5 Percent
Holidays and Gifts: 5 Percent
Miscellaneous: 3 Percent
The Expense Categories You Don't See
Student Loans
Education
Debt Reduction
Vacation
Daycare
Kids
But I Do All My Shopping at One Store
How Do Your Expenses Stack Up?
Chapter 5. The Possessions: Major Purchases
Housing
Your Monthly Commitment
The Key to Housing Success
The Importance of a Good Realtor
Home Improvements
What Really Adds Value to Your Home
Car
But Really, Should You Buy or Lease a New Car?
Your Next Car Purchase
The Final Factor in Making Big Purchases
Chapter 6. The Picture: Credit
How Do I Find Out Where I Stand with Creditors?
What to Look for on Your Credit Report
Repair and Build Your Credit
What Your Credit Score Means
Is It Really Fixed?
What Credit Scores and Dieting Have in Common
Three Steps to Improving Bad Credit (or to Maintaining Good Credit)
How Your Score Is Calculated
Beyond Credit
Chapter 7. The Piggy Bank: Saving and Investing
The Role of Net Worth as a Wealth-Building Tool
The Three Buckets
Bucket #3
Bucket #1
Bucket #2
Types of Investments and Investment Vehicles
Stock
Bond
Mutual Fund
Exchange Traded Fund
Index Fund
Target-Date Fund
IRA
Roth IRA
401(k)
529 College Savings Plan
Why You Can't Wait to Invest
One More Note on the Match
Saving for College
Hiring a Financial Advisor
Fees for a Financial Advisor
Risk
Dealing with Reality
Chapter 8. The Pitfalls: Insurance
Consider Getting an Insurance Agent
Types of Insurance
Health
Car
Renters
Homeowners
Life
Disability
Review Your Coverage Annually
Chapter 9. The Plan
Choose Your Own Adventure
Questions
Plans
Excellent Goals to Hit by the Time You're Forty
Your Diligence and Discipline Will Pay Dividends
Index
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Author Notes
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Subjects
Subjects
More Details
ISBN
9781305507890
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