Cash and Credit Information for Teens, 2nd Ed.
- Author/Editor: Karen Bellenir
- Binding: Library binding
- Trim Size: 6 x 9
- Page Count: 424
- Publication Date: 2009
- ISBN: 978-0-7808-1065-5
- List Price: $69.00
Web Price: $62.00
A recent survey by Charles Schwab on teen attitudes about money found that most teens want to learn about budgeting, saving, avoiding debt, and achieving financial independence, but they’re unfamiliar with money management tools and lack hands-on experience. According to the survey, most teens don’t know how to use a credit card responsibly, don’t understand their parents’ financial decisions, and aren’t involved in bill paying or other tasks related to managing household finances.
Cash and Credit Information For Teens, 2nd Edition, provides practical information for teens about receiving income, paying taxes, and budgeting. It discusses how to choose appropriate banking services, manage a checking account, use credit and debit cards, make informed shopping decisions, borrow money for education or major purchases, and avoid financial pitfalls.
The book is organized in the broad subject areas detailed below. Please see the Table of Contents
for a more complete understanding of the comprehensive coverage offered in Cash and Credit Information For Teens, 2nd Edition.
Part One: Earning Money offers basic facts about coins and currency, along with information about ways teens can earn money, including allowances, jobs, internships, and even starting their own businesses.
Part Two: Managing Your Money discusses ways to monitor the use of money, save for specific goals, and increase personal wealth.
Part Three: Being a Savvy Consumer provides tips about shopping and spending money wisely; and discusses the benefits and risks of paying with cash, checks, credit cards, or debit cards.
Part Four: Using Credit and Credit Cards explains how credit works and the importance of building a good credit history. It discusses the factors lenders consider when making loan decisions, and it describes the types of loans teens are most likely to deal with.
Part Five: Avoiding Financial Pitfalls explains problems such as spiraling debt, predatory lending practices, and identity theft; and offers cautions about sweepstakes fraud, lottery scams, bogus fundraising activities, fraudulent work-at-home and internet schemes, pyramid and Ponzi schemes, modeling scams, travel offer fraud, and gambling.
Part Six: If You Need More Information includes a list of online money management tools and a directory of resources.
- Library binding
- Accessible organization—generous use of headings
- Charts and tables aid comprehension of statistical data
- Callout boxes highlight important information, define terms, or summarize chapter content
- Resource directories with contact information guide further research
- Comprehensive index
- Updated cover and interior page design
"Cash and Credit Information for Teens provides information on being a wise consumer from everything from cars to cell phones, understanding how banks and debit cards work, getting the most from your paycheck and understanding how taxes work. ... The section on credit cards and managing them wisely is especially timely for today’s youth. … This series will prove useful for high school and undergraduate students. Both school libraries and college reference collections should add this title to their collections."
—American Reference Books Annual, 2010