Money minded families : how to raise financially well children /: how to raise financially well children. (2020)

• Record Type: Book
• Further Information: Note: Edited by Stephanie Mackara.
• Authors: Mackara, Stephanie W
• Editors: Mackara, Stephanie
• Contents: Acknowledgments ix Introduction xi 1 Background: A Little Bit of “Retirement” History 1 2 The Current State of “Retirement” 5 3 Financial Socialization: Creating Spending, Budgeting, and Saving Habits 11 4 Our Money Personalities 17 5 Gaining a Healthy Perspective on Money 27 6 Your Baseline Values and Goals 33 7 Principles of Money Management: Save 45 How to Save 50 Saving for College 53 Student Loan Debt—Good or Bad? 56 8 Principles of Money Management: Spend 61 The Ins and Outs of Budgeting 63 Cars 70 Buying a House 72 How Long? 72 What Can I Afford? 72 Renting a House 73 What Can I Afford? 73 Skin in the Game 75 Earning Money 78 Taxes 79 9 Principles of Money Management: Share 81 10 Principles of Money Management: Invest 89 How the Stock Market Came to Be 94 Stock Market Basics 94 Reading Your Investment Account Statements 95 Time In the Market, Not Market Timing 100 The Planning Process 100 Why Am I Investing? 101 How Much Do I Need to Invest? 101 How Much Risk Should I Take? 102 What Should I Invest In? 102 The Psychology of Investing 103 Insurance 106 11 The Bucket Approach: Putting It All Together 111 Buckets 112 12 What Does a Good Financial Advisor Do? 117 13 Last Thoughts 121 14 Family Mission Statement 125 Conclusion 128 15 Let’s Recap 131 Additional Resources 133 Books 133 Toy Learning 134 Apps 134 Index 137
• Edition: 1st
• Publisher Details: Hoboken, New Jersey : John Wiley & Sons, Inc
• Publication Date: 2020
• Extent: 1 online resource
• Subjects: 332.024; Financial literacy; Children -- Finance, Personal; Families -- Economic aspects
• Languages: English
• ISBNs: 9781119636007; 9781119636021
• Related ISBNs: 9781119635901
• Notes: Note: Includes bibliographical references and index.; Note: Description based on CIP data; resource not viewed.
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.