Personal Finance by Rachel Siegel and Carol Yacht

  • Description
  • Table of Contents
  • About the Authors
  • Supplements
Publication Date: Jan 2010
License: Creative Commons
ISBN 10: 0-9823618-6-6
ISBN 13: 978-0-9823618-6-3

Personal Finance by Rachel Siegel and Carol Yacht is a comprehensive Personal Finance text which includes a wide range of pedagogical aids to keep students engaged and instructors on track.


If you would like to hear Rachel talk about her book, and the Personal Finance course listen here to her podcast.

This book is arranged by learning objectives. The headings, summaries, reviews, and problems all link together via the learning objectives. This helps instructors to teach what they want, and to assign the problems that correspond to the learning objectives covered in class.


Personal Finance includes personal finance planning problems with links to solutions, and personal application exercises, with links to their associated worksheet(s) or spreadsheet(s). In addition, the text boasts a large number of links to videos, podcasts, experts’ tips or blogs, and magazine articles to illustrate the practical applications for concepts covered in the text.


Finally, the modular nature of the chapters lends itself to the Flat World Knowledge publishing model allowing instructors to adapt the textbook to the exact needs of their specific class and student body.


Rachel would love to hear from you. If you have questions about teaching with her book, comments about teaching Personal Finance, or just feedback, feel free to email her here at rachelsiegelcfa@hughes.net.

  • About the Authors
  • Acknowledgments
  • Dedications
  • Preface
  • Chapter 1: Personal Financial Planning
    • Section 1: Individual or “Micro” Factors That Affect Financial Thinking
    • Section 2: Systemic or “Macro” Factors That Affect Financial Thinking
    • Section 3: The Planning Process
    • Section 4: Financial Planning Professionals
  • Chapter 2: Basic Ideas of Finance
    • Section 1: Income and Expenses
    • Section 2: Assets
    • Section 3: Debt and Equity
    • Section 4: Income and Risk
  • Chapter 3: Financial Statements
    • Section 1: Accounting and Financial Statements
    • Section 2: Comparing and Analyzing Financial Statements
    • Section 3: Accounting Software: An Overview
  • Chapter 4: Evaluating Choices: Time, Risk, and Value
    • Section 1: The Time Value of Money
    • Section 2: Calculating the Relationship of Time and Value
    • Section 3: Valuing a Series of Cash Flows
    • Section 4: Using Financial Statements to Evaluate Financial Choices
    • Section 5: Evaluating Risk
  • Chapter 5: Financial Plans: Budgets
    • Section 1: The Budget Process
    • Section 2: Creating the Comprehensive Budget
    • Section 3: The Cash Budget and Other Specialized Budgets
    • Section 4: Budget Variances
    • Section 5: Budgets, Financial Statements, and Financial Decisions
  • Chapter 6: Taxes and Tax Planning
    • Section 1: Sources of Taxation and Kinds of Taxes
    • Section 2: The U.S. Federal Income Tax Process
    • Section 3: Recordkeeping, Preparation, and Filing
    • Section 4: Taxes and Financial Planning
  • Chapter 7: Financial Management
    • Section 1: Your Own Money: Cash
    • Section 2: Your Own Money: Savings
    • Section 3: Other People’s Money: Credit
    • Section 4: Other People’s Money: An Introduction to Debt
  • Chapter 8: Consumer Strategies
    • Section 1: Consumer Purchases
    • Section 2: A Major Purchase: Buying a Car
  • Chapter 9: Buying a Home
    • Section 1: Identify the Product and the Market
    • Section 2: Identify the Financing
    • Section 3: Purchasing and Owning Your Home
  • Chapter 10: Personal Risk Management: Insurance
    • Section 1: Insuring Your Property
    • Section 2: Insuring Your Health
    • Section 3: Insuring Your Income
  • Chapter 11: Personal Risk Management: Retirement and Estate Planning
    • Section 1: Retirement Planning: Projecting Needs
    • Section 2: Retirement Planning: Ways to Save
    • Section 3: Estate Planning
  • Chapter 12: Investing
    • Section 1: Investments and Markets: A Brief Overview
    • Section 2: Investment Planning
    • Section 3: Measuring Return and Risk
    • Section 4: Diversification: Return with Less Risk
  • Chapter 13: Behavioral Finance and Market Behavior
    • Section 1: Investor Behavior
    • Section 2: Market Behavior
    • Section 3: Extreme Market Behavior
    • Section 4: Behavioral Finance and Investment Strategies
  • Chapter 14: The Practice of Investment
    • Section 1: Investment Information
    • Section 2: Investing and Trading
    • Section 3: Ethics and Regulation
    • Section 4: Investing Internationally: Risks and Regulations
  • Chapter 15: Owning Stocks
    • Section 1: Stocks and Stock Markets
    • Section 2: Stock Value
    • Section 3: Common Measures of Value
    • Section 4: Equity Strategies
  • Chapter 16: Owning Bonds
    • Section 1: Bonds and Bond Markets
    • Section 2: Bond Value
    • Section 3: Bond Strategies
  • Chapter 17: Investing in Mutual Funds, Commodities, Real Estate, and Collectibles
    • Section 1: Mutual Funds
    • Section 2: Real Estate Investments
    • Section 3: Commodities and Collectibles
  • Chapter 18: Career Planning
    • Section 1: Choosing a Job
    • Section 2: Finding a Job
    • Section 3: Leaving a Job
Rachel Siegel
Rachel Siegel

Rachel Siegel
Professor, Business Administration, Lyndon State University
M.B.A., Yale University

Rachel S. Siegel, CFA (Chartered Financial Analyst) has been a professor of finance, economics, and accounting at Lyndon State College since 1990. She has also taught as an adjunct faculty at Trinity College (VT), Granite State (NH), Springfield College, the University of Vermont, and in Tel Aviv for the Israel Program of Champlain College.

Siegel is a member of the Vermont CFA Society, the CFA Institute, the Board of Scholars of the Ethan Allen Institute, and is a voting member of the National Academy of Recording Arts and Sciences. She has served as a consultant on investment strategy to endowments and to private clients.

Originally from Providence, R.I., Siegel earned a B.A. and an MBA, both from Yale University.

Siegel’s column “Follow the Money” has been a regular feature of the Northstar Monthly (Danville, VT) and the Ammonoosuc Times (Littleton, NH) since 2001. She writes book summaries and reviews for Kiplinger’s and edits academic papers for peer-reviewed journal publication. She has presented numerous workshops on aspects of financial management and planning.


Carol Yacht

Carol Yacht is a textbook author and accounting educator. Carol contributes regularly to professional journals and is the Accounting Section Editor for Business Education Forum, a publication of the National Business Education Association. She is the author of Dynamics-GP (Great Plains), Peachtree, Microsoft Office Accounting, QuickBooks, and Excel textbooks; and the accounting textbook supplement, Carol Yacht’s General Ledger and Peachtree CD-ROMs (www.mhhe.com/yacht). Carol taught on the faculties of California State University, Los Angeles; West Los Angeles College; Yavapai College; and Beverly Hills High School. Since 1978, Carol has included software in her classes to help students master accounting.

Carol Yacht is an officer of the American Accounting Association’s Two-Year College section and recipient of its Lifetime Achievement Award. She is a member of the Microsoft Dynamics Academic Alliance Advisory Council; served on NBEA’s Computer Education Task Force; worked for IBM Corporation as an education instruction specialist; and is a frequent speaker at state, regional, and national conventions. Carol earned her MA degree from California State University, Los Angeles; BS degree from the University of New Mexico, and AS degree from Temple University.

  • Instructor Manual

    The Instructor Manual will help guide you through the main concepts of each chapter such as learning objectives, key terms and takeaways. Many also include explanations and answers to chapter exercises.

  • PowerPoint Lecture Notes

    A PowerPoint presentation highlighting key learning objectives and the main concepts for each chapter are available for you to use in your classroom. You can either cut and paste sections or use the presentation as a whole.

  • Test Item File

    Need assistance in supplementing your quizzes and tests? Our test item files (in Word format) contain many true/false, multiple choice, fill in the blanks, and short essay questions.

  • Testbank for Import to Learning Management System - Available June 2010

    We have taken our test item file and created files to import into the following Learning Management Systems*: Blackboard, Angel, Moodle, WebCT. We also support a Respondus Neutral file that you can use to easily import our questions in any LMS supported by Respondus.

    * Please note that only certain versions of each LMS are supported. Click on Supplements for detailed information.

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