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Simple Money 4 You: An Introduction to Money Matters for All Ages - Softcover

Hutcheson, Helen

 
9781452510392: Simple Money 4 You: An Introduction to Money Matters for All Ages
Softcover
ISBN 10: 1452510393 ISBN 13: 9781452510392
Verlag: BalboaPressAU, 2013

Inhaltsangabe

This well-researched and practical guidebook helps you make sense of money situations, use money, and make the best money decisions. Almost every decision you make has a monetary impact-whether you are choosing to buy a cake for morning tea, deciding to buy a house or rent, investing or saving for your future. This guide provides you with the knowledge to make the best decisions for your money. Helen Hutcheson offers short, easy-to-read chapters on specific topics such as holidays, savings, spending, interest, and budgeting. This enables you to investigate the area that currently interests you rather than reading the book from cover to cover. When you are spending your first pay, buying your first home, or planning for retirement, the information Helen provides can help you navigate through life's money minefield. Each chapter includes simple definitions and examples using both numbers and words to ensure you completely grasp the topic at hand. At the back of the book you will also find a number of worksheets to help you put your simple money plans into action. Make your money decisions with the best information possible, carefully assessing the benefits, disadvantages, penalties, and risks and make your money work for you!

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Simple Money 4 You

An Introduction to Money Matters for All Ages

By Helen Hutcheson

Balboa Press

Copyright © 2013 Helen Hutcheson
All rights reserved.
ISBN: 978-1-4525-1039-2

Contents

Introduction...............................................................ix
Chapter 1 Personality and Money............................................1
Chapter 2 Children and Money...............................................9
Chapter 3 Employment.......................................................23
Chapter 4 Time Management..................................................33
Chapter 5 Money Management.................................................39
Chapter 6 Rules............................................................47
Chapter 7 Saving...........................................................53
Chapter 8 Spending.........................................................57
Chapter 9 Loans............................................................69
Chapter 10 Interest........................................................85
Chapter 11 Credit Cards....................................................93
Chapter 12 Banks...........................................................101
Chapter 13 Record Keeping..................................................111
Chapter 14 The Balance Sheet...............................................123
Chapter 15 The Income and Expense Statement................................129
Chapter 16 Budgets.........................................................137
Chapter 17 Cash flow.......................................................151
Chapter 18 Tax.............................................................157
Chapter 19 Review..........................................................171
Chapter 20 Insurance.......................................................177
Chapter 21 Filing..........................................................183
Chapter 22 Business........................................................189
Chapter 23 Fringe Benefits.................................................195
Chapter 24 Holidays........................................................199
Chapter 25 Investing.......................................................207
Chapter 26 Retirement......................................................225
Chapter 27 Superannuation..................................................237
Chapter 28 World Economy...................................................245
Conclusion.................................................................253
Helpful Websites...........................................................255
Sample Worksheets..........................................................257


CHAPTER 1

Personality and Money


Your Personality Influences Your Priorities, YourRisk Level and Your Decision-Making Skills


What Type of Person Are You?

Most people favour numbers or words. Which type are you?

Numbers-based people (left-brain thinkers) are linear thinkers.They are, logical, mathematical, and able to make quickdecisions. Things are right or wrong, black or white. Theydon't understand an illogical person's viewpoint.

Word-based people (right-brain thinkers) tend to be morecreative, intuitive, and conceptual. They like designing thingsand can appear illogical to their numerical friends. They oftenponder over a decision, weighing up all the pros and cons andcan sway between decisions.

Of course, many of us are a little bit of both, but we all favourone side or the other. Understanding what type of person youare can help you make better decisions about money. This alsoapplies to people you associate with. Working with people ofthe opposite type can help you make balanced decisions. If youneed more time to make a decision, don't be pushed around byan impatient numbers person!


Decision Making

Decision making is all about information. If you have the rightinformation at the right time, you can make the right decision foryou. However, many people have trouble making decisions.

* Do you watch things happen?

* Do you make things happen?

* Do you wonder what happened?


Which One Are You?


Which One Do You Want To Be?


To improve your decision-making skills, consider:


Knowledge

The more familiar you are with how something works, thebetter equipped you will be to make a decision. Knowledge ispower. Research is critical for any big decision.


Practice Making Decisions

Making a decision is better than sitting on the fence. Practicemaking decisions—even if they are not spoken—to gain theconfidence to make more important decisions.


Don't Be Scared

We all make good and bad decisions so don't worry if you havemade a bad decision. Try to learn from the mistake and do notrepeat it the next time.

You can reverse many bad decisions.


Learn From Previous Decisions

Review all the decisions you make in the day and identify themas good or bad. Work out why you made that decision—andhow you can make a better choice next time.


Make Your Decisions

Do not choose something you do not really want. This does notmean you should not compromise, but ensure you are happywith your decision.

"Whenever you see a successful business,someone once made a courageous decision"

Peter Drucker, Management Consultant


Risks

People have different attitudes when it comes to risks. Knowingyour risk factors will help you and financial advisors assess thebest options for you and your money.


Examples of Risk

* How much do you spend on lottery tickets, pokermachines, gambling, etc.? How much are you preparedto lose without a guaranteed win?

* Do you like to save for big expenses? Do you borrow topay for them and then repay the debt?

* How do you operate a credit card? Do you pay it off assoon as the statement comes in—or do you pay it offover many months?


Risk is generally linked to trust—which is built over time.Therefore once you trust someone—or trust the outcome willbe repeated—you are prepared to do the same thing again.


Comfort Zone

People like to live within their own comfort zones; although theymay visit other zones, they will not stay there for very long.

If you dabble in risky areas—where the going is heated—youwill toss and turn over the decisions you are making. You willnot sleep well at night; however, if you do nothing and let thestatus quo remain, you will find yourself restricted and unableto sleep. Choose the right...

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Verlag
BalboaPressAU
Erscheinungsdatum
2013
Sprache
Englisch
ISBN 10 
1452510393
ISBN 13 
9781452510392
Einband
Taschenbuch
Anzahl der Seiten
284
Kontakt zum Hersteller
Nicht verfügbar
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