Debt Information for Teens, 2nd Ed.
- Author/Editor: Karen Bellenir
- Binding: Library binding
- Trim Size: 7 1/4 x 9 1/4
- Page Count: 364
- Publication Date: 2012
- ISBN: 978-0-7808-1215-4
- List Price: $69.00
Web Price: $62.00
A recent Charles Schwab survey found that staying out of debt was a major area of concern for teens, but fewer than half of those surveyed knew how to use a debit or credit card or develop a budget, and even fewer knew how to pay bills or establish credit. An even smaller number understood how credit card interest fees are calculated or how they impact the cost of purchases.
Debt Information for Teens, 2nd Edition, explains how to develop a personal budget, save for future goals, and make purchasing decisions. It talks about establishing and using credit, the basics of borrowing, the purposes of credit reports and credit scores, and different types of loans. It also provides detailed information about credit cards.
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 Debt Information for Teens, 2nd Edition.
Part One: The Economy and Your Wallet explains the relationship between global financial issues and personal finances; reviews fundamentals about money, monetary policy, and interest rates; and explains how these issues affect people—even teens—on a day-to-day basis.
Part Two: Personal Money Management discusses the importance of making a budget, making good spending decisions, building wealth by saving, and related issues.
Part Three: Establishing and Using Credit explains the impact of credit history on borrowing money, renting an apartment, or even getting a job. It explains credit reports and credit scores; and offers details on the types of loans most commonly encountered by teens—installment loans, car loans, and education loans.
Part Four: Credit Cards explains differences between credit cards, debit cards, and stored-value cards; provides information on evaluating and comparing credit card terms; and explains credit card interest, fees, and practices that may lead to increased consumer costs.
Part Five: Identifying and Resolving Debt-Related Problems explains the legal protections available to consumers; provides facts about such issues as vehicle repossession and bankruptcy; and describes deceptive tactics and illegal practices sometimes used in debt collection.
Part Six: If You Need More Information provides a list of interactive financial tools and a directory of financial organizations.
- Library binding
- New trim size – 7 1/4 x 9 1/4
- 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
“Offer students facing college and/or independence a mind-boggling amount of financial advice and background information."
— School Library Journal, Apr '12
"Spans a variety of subjects, including the U.S. economy, personal finance, and credit and borrowing. ... Entries are written in a clear and concise way that will appeal to most teens. ... [Provides] practical, easy-to-understand answers to many common questions about personal finance."
—Booklist, Mar '12
"Will prove useful for high school and undergraduate students. Both school libraries and college reference collections should add this work to their collections."
—American Reference Books Annual, 2012