Sunday, January 13, 2013

Book 2 - Talking Money

Talking Money by Jean Chatzky is an excellent introduction to personal finance.  It covers not only the basics of making goals, saving, and spending; but also explains more complex areas such as retirement, insurance, and estate planning.  The book was published in 2001, so obviously some portions like the contribution limits to an IRA are out of date, but the general principles that are introduced are excellent and still applicable today.  I particularly like the retirement and insurance worksheets.  Both are easy to understand without being overly simplified.  While the broad scope of the book limits to a certain extent the amount of specifics that can be presented, she always provides suggestions for where to look for or who to ask for additional assistance and advice.  I would recommend as a starting point for anyone trying to get a better handle on their personal finances.

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