Personal Finance Student Edition PDF Download Ebook. Glencoe McGraw-Hill shows guidelines to prepare high school students to make wise financial decisions in personal situations. The program helps students realize that they are already making financial decisions and shows them how their decisions affect their future.
High-interest features, an engaging visual program, and easy-to-read content make the program timely and useful for all types of learners. Personal financial planning, means managing your money (spending, saving, and investing) so that you can achieve financial independence and security.
The six steps of financial planning are: (1) Determine your current financial situation; (2) develop financial goals; (3) identify alternative courses of action; (4) evaluate alternatives; (5) create and use your financial plan of action; and (6) review and revise your plan. The most important factors that influence personal financial planning are your life situations, your personal values, and outside economic factors.
For all your financial decisions, you must make choices and give up something. These opportunity costs, or trade-offs, can be personal or financial. The eight strategies for achieving your financial goals and avoiding money problems are: Obtain, plan, spend wisely, save, borrow wisely, invest, manage risk, and plan for retirement.
Financial issues to consider when looking for employment are your starting salary, opportunities for promotions and raises, benefits, and the cost of living. Legal issues to consider relate to the work environment of the company, its adherence to laws regarding discrimination, minimum wage, unemployment insurance, Social Security, and workers’ compensation.
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