Managing Your Money All-in-One For Dummies
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Managing Your Money All-in-One For Dummies

Managing Your Money All-in-One For Dummies


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About the Book

Want to take control of your finances once and for all? Managing Your Money All-in-One For Dummies combines expert money management with personal finance tips. From credit cards and insurance to taxes, investing, retirement, and more, seven mini-books show you how to improve your relationship with money — no matter your age or stage of life. This easy-to-understand guide shows you how to assess your financial situation, calculate debt, prepare a budget, trim spending, boost your income, and improve your credit score. You’ll find ways to run a money-smart household, reduce waste, and cut medical and transportation expenses as you tackle your debt head-on and develop good saving habits. You’ll even get help choosing the right mortgage and avoiding foreclosure, saving for college or retirement, and determining your home-, car-, and life insurance needs. Discover how to: Take charge of your finances Manage home and personal finances Lower your taxes and avoid tax audits Plan a budget and scale back on expenses Deal with debt and negotiate with creditors Save and invest safely for college or retirement Protect your money and assets from fraud and identity theft Ensure a comfortable retirement Plan your estate and safeguard a will or trust Managing Your Money All-in-One For Dummies brings you seven great books for the price of one. Can you think of a better way to start managing your money wisely?

Table of Contents:
Introduction 1 Foolish Assumptions 2 How This Book Is Organized 2 Icons Used in This Book 6 Where to Go from Here 6 Book I: Taking Charge of Your Finances 7 Chapter 1: Assessing Where You Are Financially 9 Some Preliminary Questions 10 Your Relationship with Money 10 Checking Out Your Credit Reports 11 Finding Out Your FICO Score 13 Comparing Spending and Income 14 Assessing Your Spending Habits 19 Cataloging What You Own 21 Adding Up What You Owe 23 Chapter 2: Improving Your Relationship with Money 27 Working with Your Partner to Achieve Financial Goals 28 Believing in Yourself 34 Handling Setbacks 36 Asking for Help 38 Digging Out of Debt 39 Budgeting for the Future 41 Chapter 3: Building and Sticking to a Budget 45 Comparing Monthly Spending and Income 46 Tackling a Budget Deficit 50 Paying the Important Stuff If You Can’t Pay Everything 53 Examining a Budget Surplus 55 Finalizing and Sticking to Your Budget 56 Chapter 4: Cutting Spending and Boosting Income 61 Finding Ways to Spend Less 61 Bringing in More Bucks 73 Chapter 5: Fixing Up Your Credit Report 81 Understanding Why a Credit Report Is Important 81 What Is a Credit Report, Anyway? 83 Understanding How Bad Stuff Gets in Your Credit Report 86 Deciphering Your Credit Score 90 Examining Specialized Credit Bureaus 93 Book II: Managing Home and Personal Finances 97 Chapter 1: Running a Money-Smart Household 99 Reaching Out to Touch Someone 99 Saving on Climate Control 101 Cutting Back on Electricity and Gas Use 106 Trash Talk: Controlling Garbage Costs 108 Reducing Television and Cable Expenses 110 Cutting Down on Water Use 110 Keeping a Ceiling on Housing Budgets 111 Cutting Transportation Costs 115 Purchasing Appliances 120 Chapter 2: Home Ownership and Choosing the Right Mortgage 123 Mortgage Basics 124 Assessing Your Financial Situation 125 Is a Fixed-Rate Mortgage in Your Future? 130 Adjusting to an Adjustable-Rate Loan 133 Deciding What Loan Is Best for You 136 Chapter 3: Avoiding Foreclosure 139 Understanding That Mortgages Are a Different Credit Animal 140 Alternatives to Going down with the Ship 147 Dealing with Deficiencies 151 Chapter 4: Keeping a Lid on Medical Costs 153 Saving on Medical Expenses 153 Discovering What Makes a Great Health Insurance Plan 155 Deciding Between Individual and Group 156 Saving Money on Individual Coverage 158 Coping with Health Insurance Problems 161 Taking Decisive Action 172 Chapter 5: Using the Internet to Help Manage Your Finances 177 Giving Yourself an Online Financial Makeover 178 Using the Internet to Budget 180 Finding Online Resources to Track Your Income and Expenses 183 Using the Internet to Get Free Financial Advice 185 Finding out What You’re Worth 186 Book III: Dealing with Debt 189 Chapter 1: Tackling What You Owe 191 Taking Stock of Your Finances 192 Using a Budget to Get Out of Debt 193 Taking the Right Steps When You Have Too Much Debt 194 Handling Debt Collectors 196 Getting a Financial Education 198 Chapter 2: Understanding How Credit Works 203 Defining Credit: Spending Tomorrow’s Money Today 204 Meeting the Cast of Characters in the Credit Story 206 Understanding the Consequences of Bad Credit 208 Dealing with a Thin Credit File 211 Identity Theft: The Crime That Turns Good Credit Bad 213 Chapter 3: Consolidating Your Debts 215 Knowing When Debt Consolidation Makes Sense 215 Considering Your Options 216 Avoiding Dangerous Debt-Consolidation Possibilities 226 Chapter 4: Negotiating with Creditors and Getting Help 227 Getting Ready to Negotiate 228 Getting Down to Business: Contacting Creditors 232 Making the Agreement Official: Putting It in Writing 234 Knowing the Deal with Credit Counselling 235 Finding a Reputable Credit Counselling Agency 236 Working with a Credit Counsellor 240 Avoiding Debt Settlement Firms 243 Getting Relief If You Get Ripped Off 244 Chapter 5: Considering Bankruptcy 247 Viewing Bankruptcy in a Historical Context 248 Debunking Bankruptcy Myths 250 Understanding What You Can Gain Through Bankruptcy 253 Knowing What You Can Lose in Bankruptcy 258 Considering Alternatives to Bankruptcy 259 Introducing the Different Types of Personal Bankruptcy 260 Weighing the Consequences of Not Filing Bankruptcy 261 Using the Statute of Limitations 263 Book IV: Saving and Investing 265 Chapter 1: Becoming a Saver 267 Eliminating Most of the Fat 268 Lowering Your Debt 270 Trimming Other Costs 272 Changing Your Perspective and Watching Your Savings Grow 272 Saving While in Debt 278 Chapter 2: Investing in Stocks, Bonds, and Mutual Funds 281 Stock: Owning a Piece of the Rock 282 Buying Bonds for Fixed Income 286 Mutual Funds: The Power of Many 290 Doing It Your Way Versus Using a Broker 293 Five Common Investing Mistakes 296 Chapter 3: Saving for Retirement 301 Setting a Target Date for Retirement 302 Calculating the Size of Your Nest Egg 307 Developing a Retirement Savings Plan 311 Chapter 4: Saving for College 319 Doing the Numbers 320 Exploring Section 529 Plans 321 Checking Out Coverdell Accounts 322 But Wait! There’s More! 322 Maximizing Your Savings, Minimizing Your Tax 324 Checking Out the Cost of College 325 Looking into the Costs of Various Types of Schools 329 Chapter 5: Working with an Online Broker 333 Sorting Them Out: Selecting an Online Broker 334 Opening Your Online Brokerage Account 341 Ready, Set, Go! Making Your First Online Trade 342 Knowing When to Hold and When to Fold 345 Book V: Protecting Your Money and Assets 347 Chapter 1: Combating Identity Theft 349 Protecting Yourself from Identity Thieves 350 Spotting Identify Theft When It Happens 357 When Identity Theft Happens to You 360 Accessing Credit after Identity Theft 365 Chapter 2: Online Banking 369 Online and Traditional Banks 369 Accounting for Your Accounts 371 Choosing an Online Bank That’s Right for You 373 Remote banking and your cell phone 379 Opening Your Online Bank Account 379 Chapter 3: Homeowner’s Insurance 381 Introducing the Six Parts of a Homeowner’s Policy 381 Choosing the Right Homeowner’s Property Coverages 389 Establishing Property Coverage Limits 392 Documenting Your Claim 397 Chapter 4: Auto Insurance Basics 401 Managing Your Lawsuit Risks 401 Insuring Your Personal Injuries 407 Dealing with Damage to Your Vehicle 411 Evaluating Road Service and Car Rental Coverages 416 Chapter 5: Buying Life Insurance 417 Assessing the Need 417 Determining How Much Coverage You Need 419 Speaking the Language 421 Understanding the Types of Life Insurance 423 Understanding the Variations of Permanent Life Insurance 425 Understanding the Variations of Term Life Insurance 431 Making Your Choice 435 Evaluating Life Insurance Sources 436 Debunking Myths and Mistakes 440 Chapter 6: Dealing with the Tax Man 445 Filing Federal Taxes 445 Filing State Taxes 447 Coming Up with Deductions 448 Avoiding Tax Mistakes 450 Facing the Dreaded Audit 451 What Can Happen If You Don’t Pay on Time 454 Coping with Interest and Penalties 463 Dealing with Liens and Levies for Past-Due Taxes 464 Getting Help 469 Book VI: Retiring Comfortably 473 Chapter 1: 401(k) and 403(b) Retirement Investing 475 What a 401(k) Does for You 476 Saving Without Tears 479 Taking Your Savings with You When You Change Jobs 480 Letting the Pros Work for You 480 Buying More When Prices Are Low 481 Improving Your Chances of an Ideal Retirement 481 Protecting Your Money 482 Watching Out for Potential Pitfalls 484 Telling the Employer’s Point of View 486 403(b): Different Name, Same Tax Breaks 486 Stashing Away as Much as You Can: Contribution Info 487 Trekking Through Your Investment Options 488 Withdrawing Money: Watch Out for That Fee! 489 Taking Your 403(b) on the Road 490 Understanding ERISA Versus Non-ERISA 403(b) Plans 490 Finding Out Rules for Church Plans 492 Chapter 2: Retiring Your Way: IRAs 495 Why an IRA? 496 The ABCs of IRAs 497 Traditional IRAs 503 Roth IRAs: The New Kid in Town 505 Rolling Over Your IRA 506 Making the Most of Your IRA 506 Chapter 3: Paychecks from Your House: Reverse Mortgages 509 Understanding Reverse Mortgages 509 Choosing a Loan Product 514 Figuring Out the People in Your Mortgage 515 Getting Paid 519 Chapter 4: Managing Money in Retirement 523 Decisions, Decisions: What to Do with Your 401(k) Money 524 Paying Uncle Sam His Due: Required Withdrawals 527 Strategizing to Deal with the Tax Man 529 Managing Investments in Retirement 531 Managing Risk and Maximizing Return 533 Living within Your Means for Life 535 Generating Predictable Income 537 Chapter 5: Online Retirement Planning 541 Pop Quiz: How Ready Are You for Retirement? 542 Developing a Retirement Plan 543 Using the Internet to Determine How Much You Need to Live On 546 Saving for Retirement 551 Book VII: Planning Your Estate and Will 557 Chapter 1: Fundamentals of Estate Planning 559 What Is an Estate? 560 Why You Need to Plan Your Estate 566 Why Your Estate-Planning Goals Differ from Your Neighbours’ 568 The Critical Path Method to Planning Your Estate 570 Getting Help with Your Estate Planning 572 Chapter 2: Where There’s a Will 579 Planning for Your Will 580 Getting to Know the Different Types of Wills 581 Choosing Your Will’s Contents 584 Safeguarding Your Will 590 Changing, Amending, and Revoking Your Will 591 Protecting Your Loved Ones from Your Unloved Ones 593 Figuring Out Your Will Status 594 Chapter 3: Limitations of Wills: What You Can and Can’t Do 597 Making Your Peace with Statutes That Affect Your Will 597 Identifying Statutes That your Will Can Change 598 Living (And Dying) with the Laws That Your Will Can’t Change 604 Chapter 4: Estate Planning Online 611 Calculating Your Estate’s Value Online 611 Understanding Wills and Trusts 612 Getting the Basics of Trusts 615 Trusting in Living Trust to Avoid Probate 616 Joint Tenancy and Beneficiary Arrangements 618 Customizing Estate Planning for All Ages 621 Selecting an Estate Planner 624 Preparing to Meet Your Estate Planner 625 Chapter 5: Taking Care of Aging Parents with Durable Power of Attorney 627 Understanding Power of Attorney 627 Determining Necessity 630 Finding an Elder Law Attorney 633 Using a Living Trust as an Alternative 636 Index 639

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The Experts at Dummies are smart, friendly people who make learning easy by taking a not-so-serious approach to serious stuff.


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Product Details
  • ISBN-13: 9780470476185
  • Publisher: John Wiley & Sons Inc
  • Publisher Imprint: For Dummies
  • Language: English
  • ISBN-10: 0470476184
  • Publisher Date: 13 Nov 2008
  • Binding: Digital download
  • No of Pages: 704


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