دانلود کتاب Personal finance

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Cover Title Copyright Brief Contents Contents PART 1 PLANNING YOUR PERSONAL FINANCES Chapter 1—Personal Financial Planning: An Introduction Overview The Financial Planning Process Step 1: Develop Your Financial Goals Step 2: Determine Your Current Financial Situation Step 3: Identify Alternative Courses of Action Step 4: Evaluate Alternatives Step 5: Create and Implement a Financial Action Plan Step 6: Re- Evaluate and Revise Your Plan Developing Personal Financial Goals Factors That Influence Your Financial Goals Goal- Setting Guidelines The Influence of Economic Factors on Personal Financial Planning Market Forces Financial Institutions Global Influences Economic Conditions Opportunity Costs and the Time Value of Money Personal Opportunity Costs Financial Opportunity Costs Interest Calculations Future Value of a Single Amount Future Value of a Series of Deposits Present Value of a Single Amount Present Value of a Series of Deposits Achieving Financial Goals Components of Personal Financial Planning Developing a Flexible Financial Plan Implementing Your Financial Plan Summary of Learning Objectives Key Terms Key Formulas Financial Planning Problems Financial Planning Activities Life Situation Case Continuing Case Daily Spending Diary Appendix 1A—Financial Planners and Other Financial Planning Information Sources Appendix 1B—The Time Value of Money: Future Value and Present Value Computations Chapter 2—Money Management Strategy: Financial Statements and Budgeting Planning for Successful Money Management Opportunity Cost and Money Management Components of Money Management A System for Personal Financial Records Personal Financial Statements for Measuring Financial Sustainability The Personal Balance Sheet: Where Are You Now? The Cash Flow Statement: Where Did Your Money Go? Analyzing Your Current Financial Situation Budgeting: A Money Management Skill Starting the Budgeting Process Characteristics of Successful Budgeting Saving to Achieve Financial Goals Selecting a Saving Technique Calculating Savings Amounts Two- Income Households Summary of Learning Objectives Key Terms Key Formulas Financial Planning Problems Financial Planning Activities Life Situation Case Continuing Case Daily Spending Diary Chapter 3—Planning Your Tax Strategy Taxes and Financial Planning Taxes on Purchases Taxes on Property Taxes on Wealth Taxes on Earnings Filing Your Federal and Provincial Income Tax Return Who Must File? Income Tax Fundamentals Step 1: Determining Total Income Step 2: Calculating Net Income Step 3: Calculating Taxable Income Step 4: Calculating Federal Taxes Owing Step 5: Calculating Net Federal Tax Making Tax Payments Deadlines and Penalties Stephanie Seymour's 2016 Federal Tax Return Tax-Planning Strategies How Should You Receive Income? Tax- Free Savings Account Example Maximizing the Benefit of Deductions and Tax Credits Tax- Deferral Techniques Income- Splitting Techniques Ensuring That Your Portfolio is Tax Efficient Tax Issues Important to Students Changing Tax Strategies Tax Assistance and the Audit Process Tax Information Sources Tax Preparation Software and Electronic Filing Tax Preparation Services What If Your Return Is Audited? Summary of Learning Objectives Key Terms Financial Planning Problems Financial Planning Activities Life Situation Case Continuing Case Daily Spending Diary Appendix 3A—Stephanie's 2016 Ontario Tax T1 General Return PART 2 MANAGING YOUR PERSONAL FINANCES Chapter 4—The Banking Services of Financial Institutions A Strategy for Managing Cash Meeting Daily Money Needs Types of Financial Services Electronic Banking Services Methods of Payment Opportunity Costs of Financial Services Financial Services and Economic Conditions Types of Financial Institutions Deposit- Type Institutions Non- Deposit Institutions Online Banking Comparing Financial Institutions Types of Savings Plans Regular Savings Accounts Term Deposits and Guaranteed Investment Certificates (GICS) Interest- Earning Chequing Accounts Canada Savings Bonds Evaluating Savings Plans Rate of Return Inflation Tax Considerations Liquidity Safety Restrictions and Fees Selecting Payment Methods Types of Chequing Accounts Evaluating Chequing Accounts Other Payment Methods Summary of Learning Objectives Key Terms Key Formulas Financial Planning Problems Financial Planning Activities Life Situation Case 1 Life Situation Case 2 Continuing Case Daily Spending Diary Chapter 5—Introduction to Consumer Credit What Is Consumer Credit? Consumer Credit in Our Economy Uses and Misuses of Credit Advantages of Credit Disadvantages of Credit Summary: Advantages and Disadvantages of Credit Types of Credit Consumer Loans Revolving Credit Costs Associated with Credit Cards Benefits of Credit Cards Steps to Follow When a Credit Card is Lost or Stolen Protecting Yourself Against Debit/Credit Card and identity Fraud Consumer Loans Measuring Your Credit Capacity Can You Afford a Loan? General Rules of Credit Capacity GDS and TDS Ratios Co- Signing a Loan Building and Maintaining Your Credit Rating Applying for Credit A Scenario from the Past What Creditors Look For: The Five Cs of Credit Management BEACON and FICO Scores How Can I Improve My Credit Score? What if Your Application Is Denied? Avoiding and Correcting Credit Mistakes In Case of a Billing Error Identity Crisis: What to Do if Your Identity is Stolen Summary of Learning Objectives Key Terms Financial Planning Problems Financial Planning Activities Life Situation Case Continuing Case Daily Spending Diary Chapter 6—Choosing a Source of Credit: The Costs of Credit Alternatives Sources of Consumer Credit What Kind of Loan Should You Seek? The Cost of Credit The Effective Cost of Borrowing Tackling the Trade- Offs Calculating Your Loan Payments Financial Planning Calculations Credit Insurance Managing Your Debts Warning Signs of Debt Problems The Serious Consequences of Debt Consumer Credit Counselling Services Declaring Personal Bankruptcy Fending Off Bankruptcy: Consolidation Loans Bankruptcy and Insolvency Act Effects of Bankruptcy on Future Credit Summary of Learning Objectives Key Terms Key Formulas Financial Planning Problems Financial Planning Activities Life Situation Case Continuing Case Daily Spending Diary Chapter 7—The Finances of Housing Evaluating Housing Alternatives Your Lifestyle and Your Choice of Housing Opportunity Costs of Housing Choices Renting versus Buying Housing Housing Information Sources Renting Selecting a Rental Unit Advantages of Renting Disadvantages of Renting Costs of Renting Renting Rights The Home-Buying Process Step 1: Determine Home Ownership Needs Step 2: Find and Evaluate a Property to Purchase Step 3: Price the Property The Finances of Home Buying Step 4: Obtain Financing Step 5: Close the Purchase Transaction Home Buying: A Final Word Selling Your Home Preparing Your Home for Selling Determining the Selling Price Sale by Owner Listing with a Real Estate Agent Summary of Learning Objectives Key Terms Key Formulas Financial Planning Problems Financial Planning Activities Life Situation Case 1 Life Situation Case 2 Continuing Case Daily Spending Diary PART 3 INSURING YOUR ASSETS Chapter 8—Home and Automobile Insurance Insurance and Risk Management: An Introduction What Is Insurance? Types of Risks Risk Management Methods Planning an Insurance Program Property and Liability Insurance Potential Property Losses Liability Protection Principles of Home and Property Insurance Homeowner's Insurance Coverages Tenant's Insurance Home Insurance Types Exclusions Home Insurance Cost Factors Deductibles How Much Coverage Do You Need? Factors That Affect Home Insurance Costs Reducing Home Insurance Costs Automobile Insurance Coverages Motor Vehicle Coverages Other Automobile Insurance Coverages Automobile Insurance Costs Amount of Coverage Automobile Insurance Premium Factors High- Risk- Driver Insurance Reducing Automobile Insurance Premiums Summary of Learning Objectives Key Terms Financial Planning Problems Financial Planning Activities Creating a Financial Plan Life Situation Case Continuing Case Daily Spending Diary Chapter 9—Life, Health, and Disability Insurance Life Insurance: An Introduction What Is Life Insurance? The Purpose of Life Insurance The Principle of Life Insurance Determining Your Life Insurance Needs Do You Need Life Insurance? Determining Your Life Insurance Objectives Estimating Your Life Insurance Requirements Types of Life Insurance Term Life Insurance Permanent Life Insurance Other Types of Life Insurance Policies Important Provisions in a Life Insurance Contract Naming Your Beneficiary The Grace Period Policy Reinstatement Non- Forfeiture Clause Incontestability Clause Suicide Clause Automatic Premium Loans Misstatement of Age Provision Policy Loan Provision Riders to Life Insurance Policies Buying Life Insurance From Whom to Buy? Comparing Policy Costs Obtaining a Policy Examining a Policy Choosing Settlement Options Switching Policies Health Insurance and Financial Planning What Is Health Insurance? The Need for Supplemental Health Insurance Group Health Insurance Individual Health Insurance Supplementing Your Group Insurance Disability Income Insurance Definition of Disability Disability Insurance Trade- Offs Sources of Disability Income Determining Your Disability Income Insurance Requirements Critical Illness Insurance Supplemental Health Insurance Dental Expense Insurance Vision Care Insurance Health Services Insurance Travel Insurance Accidental Death or Dismemberment Insurance Long- Term Care Insurance Major Provisions in a Health Insurance Policy Health Insurance Trade- Offs Health- Care Expenditures in Canada Health Information Online Summary of Learning Objectives Key Terms Financial Planning Problems Financial Planning Activities Creating a Financial Plan Life Situation Case Continuing Case for Part 3 Continuous Case Daily Spending Diary PART 4 INVESTING YOURFINANCIAL RESOURCES Investing for the Future Chapter 10—Fundamentalsof Investing Preparing for an Investment Program Establishing Investment Goals Performing a Financial Checkup Getting the Money Needed to Start an Investment Program How Time Value of Money Leads to Long- Term Investment Success Factors Affecting the Choice of Investments Investment Safety and Risk Investment Income Investment Growth Investment Liquidity An Overview of Investment Alternatives Stock or Equity Financing Corporate and Government Bonds Mutual Funds Segregated Funds Real Estate Securitized Debt Instruments Process Other Investment Alternatives Summary of Factors That Affect Investment Choices A Personal Investment Plan Factors that Reduce Investment Risk The Role of a Financial Planner Your Role in the Investment Process Tax Considerations Sources of Investment Information The Internet and Online Services Online Newspapers and News Programs Business Periodicals and Government Publications Corporate Reports Statistical Averages Investor Services and Newsletters Mobile Information Services Summary of Learning Objectives Key Terms Key Formulas Financial Planning Problems Financial Planning Activities Creating a Financial Plan Life Situation Case Continuing Case Daily Spending Diary Chapter 11—Investing in Stocks Common Stocks How Are the Markets Doing? Why Corporations Issue Common Stocks Why Investors Purchase Common Stocks Preferred Stocks The Cumulative Feature of Preferred Stocks The Participation Feature of Preferred Stocks The Conversion Feature of Preferred Stocks Evaluation of a Stock Issue Stock Valuation Classification of Stock Investments How to Read Stock Prices Web Sites and Mobile Applications Stock Advisory Services Corporate News Factors That Influence the Price of a Stock Measures of Corporate Risk, Performance, and Shareholders' Returns Buying and Selling Stocks Primary Markets for Stocks Secondary Markets for Stocks Brokerage Firms and Account Executives Should You Use a Full- Service or a Discount Brokerage Firm? Types of Stock Orders Computerized Transactions Commission Charges Securities Regulation Long-Term and Short-Term Investment Strategies Long- Term Techniques Private Equity Short- Term Techniques Hedge Funds Summary of Learning Objectives Key Terms Key Formulas Financial Planning Problems Financial Planning Activities Creating a Financial Plan Life Situation Case Continuing Case Daily Spending Diary Chapter 12—Investing in Bonds Characteristics of Corporate Bonds Why Corporations Sell Corporate Bonds Types of Bonds Convertible Bonds and Bonds with Warrants Provisions for Repayment Other Types of Bonds Why Investors Purchase Corporate Bonds Stocks Always Beat Bonds: Myth or Fact? Interest Income Changes in Bond Value Bond Repayment at Maturity Comparing Bonds to GICs A Typical Bond Transaction The Mechanics of a Bond Transaction Government Bonds and Debt Securities Types of Bonds Provincial Government Securities and Guarantees Municipal Bonds/Instalment Debentures High- Yield Bonds The Decision to Buy or Sell Bonds Annual Reports The Internet Bond Ratings Bond Yield Calculations Other Sources of Information Summary of Learning Objectives Key Terms Key Formulas Financial Planning Problems Financial Planning Activities Creating a Financial Plan Life Situation Case Continuing Case Daily Spending Diary Appendix 12A—Market Interest Rates and Bond Pricing Chapter 13—Investing in Mutual Funds Why Investors Purchase Funds Characteristics of Mutual Funds Management Fees and Other Charges Management Expense Ratio Special Fees Classifications of Mutual Funds How to Make a Decision to Buy or Sell Mutual Funds How to Read the Mutual Funds Section Financial Objectives— Again Mutual Fund Prospectus Mutual Fund Annual Report Financial Publications The Internet The Mechanics of a Mutual Fund Transaction Return on Investment Taxes and Mutual Funds Purchase Options Withdrawal Options Summary of Learning Objectives Key Terms Key Formulas Financial Planning Problems Financial Planning Activities Creating a Financial Plan Life Situation Case Continuing Case Daily Spending Diary PART 5 CONTROLLING YOUR FINANCIAL FUTURE Chapter 14—Retirement Planning Why Retirement Planning? Tackling the Trade- Offs The Importance of Starting Early The Basics of Retirement Planning Conducting a Financial Analysis Review Your Assets Retirement Living Expenses Adjust Your Expenses for Inflation Planning Your Retirement Housing Type of Housing Avoiding Retirement Housing Traps Planning Your Retirement Income Public Pensions Employer Pension Plans Personal Retirement Plans Tax- Free Savings Accounts ( TFSAs) Will You Have Enough Money during Retirement? Living on Your Retirement Income Tax Advantages Working during Retirement Investing for Retirement Dipping into Your Nest Egg Summary of Learning Objectives Key Terms Financial Planning Problems Financial Planning Activities Creating a Financial Plan Life Situation Case Continuing Case Daily Spending Diary Chapter 15—Estate Planning Why Estate Planning? What Is Estate Planning? Provincial Family Law The Opportunity Cost of Rationalizing Legal Aspects of Estate Planning Wills Types and Formats of Wills Writing Your Will Specific Requirements for a Will Altering or Rewriting Your Will A Living Will Ethical Will Letter of Last Instruction Types of Trusts and Estates Types of Trusts Pros and Cons of a Trust Estates Estate Assets Not Distributed by a Will Settling Your Estate Summary of Learning Objectives Key Terms Financial Planning Activities Creating a Financial Plan Life Situation Case Continuous Case for Part 5 Continuing Case Daily Spending Diary Appendix A: Daily Spending Diary Glossary A B C D E F G H I J L M N O P R S T U V W Y Z Index A B C D E F G H I J K L M N O P Q R S T U V W Y Z