Cash, Credit and Credit Repair Information for Teens, 4th Ed.

Description

Provides tips for a successful financial life including facts about earning money, paying taxes, budgeting, banking, shopping, using credit, and avoiding financial pitfalls.

Sujets

• Credit history
• Financial plan
• Teen
• Young Adult Nonfiction
• Personal Finance

Informations

• Publié par: Infobase Publishing
• Date de parution: 01 juillet 2021
• Nombre de lectures: 1
• EAN13: 9780780818538
• Langue: English
• Poids de l'ouvrage: 2 Mo

Extrait

Teen Finance Series
CASH, CREDIT AND CREDIT REPAIR INFORMATION FOURTH EDITION
Teen Finance Series
CASH, CREDIT AND CREDIT REPAIR INFORMATION FOURTH EDITION
Tips for a Successful Financial Life
Including Facts about Earning Money, Budgeting, Banking, Shopping, Financial Technology, Using Credit, and Avoiding Financial Pitfalls

615 Griswold St., Ste. 520 Detroit, MI 48226
Bibliographic Note
Because this page cannot legibly accommodate all the copyright notices, the Bibliographic Note portion of the Preface constitutes an extension of the copyright notice.
* * *
OMNIGRAPHICS
Kevin Hayes, Managing Editor
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Copyright © 2021 Omnigraphics
ISBN 978-0-7808-1852-1
E-ISBN 978-0-7808-1853-8

Library of Congress Cataloging-in-Publication Data
Names: Hayes, Kevin (Editor of health information), editor.
Title: Cash, credit and credit repair information for teens: tips for a successful financial life: including facts about earning money, budgeting, banking, shopping, financial technology, using credit, and avoiding financial pitfalls / edited by Kevin Hayes. Other titles: Cash and credit information for teens.
Description: Fourth edition. | Detroit, MI: Omnigraphics, [2021] | Series: Teen finance series | Earlier edition published as: Cash and credit information for teens: tips for a successful financial life: including facts about earning, spending, and borrowing money, with topics such as budgeting, consumer rights, banks, paychecks, taxes, loans, credit cards, and more. | Includes bibliographical references and index. | Audience: Ages 13 | Audience: Grades 7-9 | Summary: “Provides tips for a successful financial life including facts about earning money, paying taxes, budgeting, banking, shopping, using credit and debit cards, and avoiding scams, identity theft, and other financial pitfalls”-- Provided by publisher.
Identifiers: LCCN 2021018688 (print) | LCCN 2021018689 (ebook) | ISBN 9780780818521 (library binding ; alk. paper) | ISBN 9780780818538 (ebook)
Subjects: LCSH: Teenagers--Finance, Personal--Juvenile literature. | Finance, Personal--Juvenile literature.
Classification: LCC HG179.C346 2021 (print) | LCC HG179 (ebook) | DDC 332.02400835--dc23
LC record available at https://lccn.loc.gov/2021018688
LC ebook record available at https://lccn.loc.gov/2021018689
Electronic or mechanical reproduction, including photography, recording, or any other information storage and retrieval system for the purpose of resale is strictly prohibited without permission in writing from the publisher.
The information in this publication was compiled from the sources cited and from other sources considered reliable. While every possible effort has been made to ensure reliability, the publisher will not assume liability for damages caused by inaccuracies in the data, and makes no warranty, express or implied, on the accuracy of the information contained herein.

This book is printed on acid-free paper meeting the ANSI Z39.48 Standard. The infinity symbol that appears above indicates that the paper in this book meets that standard.
Printed in the United States
Table of Contents
Preface
Part 1 | Earning Money
Chapter 1—The Five Principles of Making Money
Chapter 2—Career Exploration and Skill Development
Chapter 3—Working during College
Chapter 4—Summer Employment: A Snapshot of Teen Workers
Chapter 5—Apprenticeship and Internship
Chapter 6—Scholarships for Students
Chapter 7—Want to Be Your Own Boss?
Chapter 8—Tax Information for Students
Part 2 | Managing Your Money
Chapter 9—Essential Money Management
Chapter 10—How Parents Can Help Teens Manage Money
Chapter 11—Preparing a Budget
Chapter 12—Building an Emergency Fund
Chapter 13—Banking Basics
Chapter 14—Choosing and Using the Right Bank Account
Chapter 15—What You Should Know about Checking Accounts
Chapter 16—Savings and Investment
Chapter 17—Another Good Use of Your Money: Helping Others
Part 3 | Managing Credit and Debt
Chapter 18—What You Need to Know about Credit
Chapter 19—Credit Reports and Credit Scores
Chapter 20—Using Credit Wisely
Chapter 21—Credit Repair
Chapter 22—Choosing and Managing a Credit Card
Chapter 23—Other Plastic: Debit Cards, Credit Cards, Charge Cards, and Prepaid Cards
Chapter 24—Loan Options for People under 18
Chapter 25—Understanding the Difference between Secured and Unsecured Loans
Chapter 26—Dealing with Debt
Chapter 27—Prepayment Penalty
Chapter 28—Seeking Credit Counseling
Chapter 29—Credit/Debt and Your Consumer Rights
Part 4 | Smart Spending
Chapter 30—Impulse Buying
Chapter 31—Social Media and Opinion-Based Shopping
Chapter 32—Shopping for High-Speed Internet Service
Chapter 33—Buying a Car
Chapter 34—Taking Your Money on a Trip
Chapter 35—Facts for Consumers: How to Right a Wrong
Part 5 | Understanding Latest Trends in Financial Technology
Chapter 36—What Is Financial Technology?
Chapter 37—Electronic Banking
Chapter 38—Online Shopping: A Guide for E-consumers
Chapter 39—Cryptocurrency
Part 6 | Avoiding Financial Pitfalls
Chapter 40—Avoiding Common Mistakes with Money
Chapter 41—Watch Out for Predatory Lending Practices
Chapter 42—If Your Credit, ATM, or Debit Cards Are Lost or Stolen
Chapter 43—Identity Theft and Identity Fraud
Chapter 44—Con Artists Want Your Money: Avoid These Scams and Schemes
Chapter 45—Telemarketing Scams
Chapter 46—Avoiding and Reporting Scams
Part 7 | If You Need More Help or Information
Chapter 47—Resources for Financial Information
Index
Preface
About This Book
Today’s teens are spending their own money, and they are spending a lot of it. But, the challenges that come with managing and spending that money have never been more daunting. Faced with greater personal responsibility for managing their own money, and changing technology that has created both opportunity and risk, today’s teens face economic challenges unlike any previous generation. Unfortunately, many teens are lacking the basic financial literacy needed to meet those challenges. As a result, the majority of today’s teens remain unaware of basic financial principles, such as earning, budgeting, saving, establishing credit and managing debt. In addition, many teens are unaware of the risks that come with the technology that while making their lives easier, also makes their personal and financial information more vulnerable than ever before.
Cash, Credit and Credit Repair Information for Teens, Fourth Edition provides an updated look at how teens can earn and manage money. It provides practical information about receiving income, and budgeting. It also discusses choosing appropriate banking services, managing a checking account, using credit and debit cards, and making informed shopping decisions. It provides information about the latest trends in financial technology such as electronic banking, mobile wallets, online shopping, cryptocurrency, etc. A section on avoiding financial pitfalls provides facts about predatory lending practices, identity theft, and common financial scams. The book concludes with a directory of resources for additional information.
How to Use This Book
This book is divided into parts and chapters. Parts focus on broad areas of interest; chapters are devoted to single topics within a part.
Part 1: Earning Money begins by outlining the five key principles of making money. It continues with information about career planning and common ways teens can acquire money including jobs, apprenticeship, internships, and through entrepreneurship. Information about taxes on income and other earnings is also included.
Part 2: Managing Your Money discusses the essentials of money management and budgeting. It describes banking basics, and offers tips on how to choose a right bank account. It also offers suggestions on how to save and grow your money. A chapter on how you can use your money to help others is also provided.
Part 3: Managing Credit and Debt talks about the basics of borrowing money and what you need to know about credit. It explains how credit works and the importance of building a good credit history. Information on choosing and managing a credit card is also provided. It explains how to deal with debt and offers information about credit counseling.
Part 4: Smart Spending provides tips about shopping and spending money wisely. Individual chapters discuss some of the purchase challenges many teens face and explain how social media influences the shopping decisions of the teens.
Part 5: Understanding Latest Trends in Financial Technology talks about the latest technologies that aim at enhancing financial services and processes. The benefits and risks of electronic banking, mobile wallets, and online shopping are discussed. A special chapter on cryptocurrency is provided to help teens understand the basics of new age digital currency.
Part 6: Avoiding Financial Pitfalls explains some of the most common problems that threaten financial well-being, including predatory lending practices and identity theft. It also cautions readers about the risks associated with various frauds, such as lottery scams, charity scams, investment scams, pyramid and Ponzi schemes, and telemarketing scams.
Part 7: If You Need More Information includes a directory of resources for additional information about personal finance.
Bibliographic Note
This volume contains documents and excerpts from publications issued by the following U.S. government agencies: Apprenticeship.gov; Board of Governors of the Federal Reserve System; Consumer Financial Protection Bureau (CFPB); Federal Communications Commission (FCC); Federal Deposit Insurance Corporation (FDIC); Federal Student Aid; Federal Trade Commission (FTC); Internal Revenue Service (IRS); MyCreditUnion.gov; MyMoney.gov; Securities and Exchange Commission (SEC); Small Business Administration (SBA); U.S. Bureau of Labor Statistics (BLS); U.S. Department of Jus