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Personal Finance is a well-established and authoritative text in the subject area. This 12th edition of the book provides extensive coverage of career planning, money management, taxes, consumer credit, housing, legal protection, insurance, investments, retirement planning, and estate planning. The objective of the book is to teach the students the fundamentals of financial planning and to build a foundation of long-term financial security. It deals with many financial planning tools to help the students identify and evaluate choices as well as understand the consequences of decisions in terms of opportunity costs.Salient Features:• Updated Topics: The book gives the latest information available on important topics such as taxes, college loans, health care, and investments.• My Life Feature: Chapter openers introduce the My Life feature which actively involves the students in the chapter material by relating it to their lives and explaining not only what they’ll learn in the chapter, but also why it’s important.• Daily Spending Diary: The end of each chapter includes a Daily Spending Diary exercise that asks students to consider how they can change their daily spending habits to improve their overall personal finance.• Smart Money Minute: There are “Smart Money Minute” Boxes in the chapters that contain the latest facts