Adults 18-24 spend 30 percent of their income on debt payments.
The average student loan debt has reached $30,000. Credit card debt continues to rise to staggering levels.
Please Send Money provides young adults neck-deep in the student debt crisis with the tools they need to navigate the tumultuous world of personal finance with smart advice from leading expert Dara Duguay, Director of Citigroup's Office of Financial Education. Dozens of eye-opening, real-life stories chronicle the financial mistakes commonly made by young people and present an array of solutions.
Duguay covers topics including- Avoiding the traps of easy credit How to manage car payments The dangers of using student loans for personal needs and wants Dealing with bankruptcy Overcoming material temptations
Please Send Money contains common sense advice and useful financial tools for determining budget, net worth, cost of credit, and safe debt levels. It's a book that no young adult should be without.
By:
Dara Duguay
Imprint: Sourcebooks, Inc
Country of Publication: United States
Edition: 2nd edition
Dimensions:
Height: 216mm,
Width: 140mm,
Spine: 38mm
Weight: 510g
ISBN: 9781402213243
ISBN 10: 1402213247
Pages: 352
Publication Date: 01 April 2008
Audience:
General/trade
,
ELT Advanced
Format: Paperback
Publisher's Status: Active
"Preface - Introduction Chapter 1:The Ostrich Syndrome Facing money problems and the dangers of ignoring them. Chapter 2:Do You Run Out of Money Before You Run Out of Month? Effective money management skills, including creating a budget, tracking disappearing money, and setting and meeting financial goals. Chapter 3:Credit: It's Not Your Money The wise use of credit involves knowing when to stop, the hidden costs of credit, the power of the credit report, and how to overcome credit problems. Chapter 4:I Need Wheels The complexities of buying a car include starting with a car budget, making the right purchase, learning how to make insurance and financing choices simple, and avoiding losing the car to a repossessor. Chapter 5:The Semester of Living Dangerously - Being in college presents special money problems, such aseasy access to credit, using student loans for non-student expenses, dangerous sports gambling on the Internet, and dropping out due to money problems. Chapter 6:What Do You Want to Be When You Grow Up? - In college, you should become focused on preparing for your career. Learn how to make yourself more marketable, what are the ""hot"" careers, how internships can add to your resume, and salaries you can expect in your chosen field. Chapter 7:Returning to the Nest The rite of passage to adulthood by moving out and becoming independent can being reversed due to money problems. Learn how it gets to that point, what you can do to stop it, and how to avoid becoming a financial burden on your parents. Chapter 8:Loaning Money? Call It a Gift Should you ever lend money to or ask for a loan from a friend or relative? This generous act may lead to lost friendships, credit problems for the lender, and money never recovered. Chapter 9:Mind over Money - Money is very emotional-without an understanding of what the driving psychological reasons are behind our money actions, dangerous patterns will never be broken and our rational mind will never win the battle. Chapter 10:'Til Debt Do Us Part Money problems are the primary reason for arguments in a relationship. Learn how to overcome disagreements, work as a team, and establish complimentary goals. Chapter 11:""I'm Too Young to Start Saving,"" and Other Excuses The younger one starts saving, the better. Overcome excuses to begin saving and discover the magic of compound interest in making money multiply. Chapter 12:Easy Come, Easy Go Wealth can be achieved overnight through an inheritance, winning on a game show, or having stock options in a successful start-up company. Learn how to hang on to this money through wise financial decisions. Chapter 13:Wall Street Panic The stock market can be a dangerous place if one doesn't know what he's doing. Learn the ABCs of Wall Street and the best strategies for making your portfolio grow. Chapter 14:Bankruptcy-Is There an Easy Way Out? - The desire to escape from the stress of money troubles can lead to choosing the easiest way out. But does bankruptcy really put your problems behind you? What are the other alternatives? Appendix Index About the Author"
Dara Duguay, the Director of Citigroup's Office of Financial Education, has been involved with the issue of financial literacy for over a dozen years. She is the former Executive Director of the non-profit Jump$tart Coalition for Personal Financial Literacy in Washington, DC.