Personal Finance Experience, 1st edition

Published by Pearson (November 30, 2018) © 2019

  • Bill Pratt Piedmont Virginia Community College
  • Mark Weitzel East Carolina University
  • Len Rhodes East Carolina University

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For personal finance courses.

Financial literacy for today and tomorrow

Personal Finance Experience provides students with a roadmap to understand real-world financial decision making that they'll use throughout their lives.

The 1st Edition combines a mix of narrative with integrated media and assessment opportunities to help bring important concepts to life and deeply engage students in the material. With dynamic end-of-chapter simulations, students are able to experience first-hand how one financial decision affects the next. With focused content and the use of experiential learning, students are empowered to take control of their learning and their financial future.

Hallmark features of this title

  • The text was developed by 3 instructors, over a 12-year period, using multiple assessment techniques on more than 10,000 students.
  • An easy-to-read presentation of the material helps students understand and retain the content.
  • Basic concepts and real-world financial decision-making simulations teach students how to make informed financial decisions based on their personal objectives.
  • Step-by-step animations of key concepts appeal to all learning types and styles.
  • Narrated descriptive videos feature insights and viewpoints by authors and students.
  • Skills portfolio building help students prepare for the workforce.

New and updated features of this title

  • Time Value of Money sections show students how calculating basic financial variables is just like solving a puzzle.
  • Financial Success Pyramids help students methodically examine critical areas of personal finance.
  • Financial literacy and personal finance from a customer's perspective sections eliminate the “noise”.

Features of Revel for the 1st Edition

  • Putting it all Together end-of-chapter mini simulations let students apply what they've learned in a chapter while making real-world financial decisions. Students are presented with a scenario and goal and are asked to make decisions based on the knowledge they've gained from the chapter content.
  • Build Your Financial Toolkit asks students to reflect on what they've learned in the chapter. They complete a writing exercise designed to get them thinking more critically about their own finances.

PART 1: PLANNING YOUR FINANCES

1. Financial Planning and Budgeting

2. The Financial Impact of Career Planning

3. Time Value of Money

 

PART 2: MANAGING YOUR MONEY

4. Financial Services and Banking

5. How Credit Works

6. Managing Debt

 

PART 3: SPENDING YOUR MONEY WISELY

7. Consumer Spending and Protection

8. Automobiles

9. Housing

 

PART 4: RETIREMENT AND INVESTMENTS

10. Retirement and Investment Fundamentals

11. Investment Strategies, Stocks, and Bonds

12. Mutual Funds, ETFs, Real Estate, and Alternative Investments

 

PART 5: TAX AND ESTATE PLANNING

13. Taxes

14. Insurance and Risk Management

15. Estate Planning

 

 

About our authors

The 3 authors, Bill Pratt, Mark C. Weitzel, and Len Rhodes, are passionate about personal financial education. Together, they have a combined 75 years of experience in banking, economics, and entrepreneurship. Over the past 15 years they have taught thousands of students personal finance concepts and decision-making skills, authored textbooks and public press books on personal finance, and helped schools develop innovative personal finance literacy programs. In addition, they were instrumental in developing a personal financial management certification program for leaders in higher education. Their hope is that their books, lectures, and programs give students, parents, and educators the tools and knowledge to make good financial decisions all their lives.

Bill Pratt is an Associate Professor of Business at Piedmont Virginia Community College where he teaches personal finance, business, finance, and marketing. Pratt speaks to college students across the country about personal finance and is the author or coauthor of multiple books on personal finance including The Graduate's Guide to Life and Money; How to Keep Your Kid from Moving Back Home after College; and Extra Credit: The 7 Things Every College Student Needs to Know About Credit, Debt, & Ca$h. He also serves as Vice President of The Money Professors, a financial education company. Pratt understands money as a former industry insider, working as a vice president for the credit card division of Citigroup, earning his MBA in finance, and as a former economist for the federal government. As a college instructor, author, and speaker, He is in-tune with people of all ages and their financial education.

Pratt left the financial industry to focus his efforts on helping students wade through the endless financial and life decisions they will encounter. By making the best decisions with the right attitude and information, he believes that people will accumulate more wealth faster and will be able to use that wealth to improve their lives as well as those around them. Pratt can be seen on Charlottesville CBS 19 every other Tuesday on Money Matters. He lives in the Charlottesville, VA area with his wife and their 4 pets.

Mark C. Weitzel has been active in the areas of banking and finance for more than 33 years. He spent over 13 years in banking and rose to the level of Vice President of Branch Operations. He served as an instructor and regional President for the Institute of Financial Education. Since 1998, he has taught corporate finance in the College of Business at East Carolina University. In 2001, he created East Carolina University's first course in personal finance. He also serves as chief financial officer for 20/20 Vision Center, a Greenvillebased optometric practice, and The Viaticus Group, a financial education company.

He is co-author on several textbooks on personal finance and popular press books. In 2008, he received the Centennial Award for Excellence in Leadership for his work in improving financial Literacy at East Carolina University. In 2010, he earned the designation of an East Carolina University Leadership Fellow. He received his undergraduate degree from the University of Michigan, Ann Arbor in 1984, and he earned an MBA from Loyola University of Chicago in 1989. Weitzel lives in Winterville, NC, with his wife of 33 years.

Len Rhodes is the Director of Technology, Information, and Operations at the College of Business at East Carolina University, a teaching instructor in the Department of Finance, and President of The Viaticus Group, a financial education company. A graduate of East Carolina University with a Bachelor of Science in Business Administration and an MBA, he spent 14 years in small business and entrepreneurship in eastern North Carolina.

In 2000, Rhodes joined the College of Business at ECU and has served in several roles, including Assistant Dean for Graduate Programs for the College of Business and then as Director of Institutional Research. He has served on the Board of Directors of the North Carolina Council on Economic Education and on the Personal Financial Education Advisory Board of the Inceptia Institute. Rhodes is passionate about helping students acquire the financial decision-making skills they need to achieve their personal and professional goals. Len lives in Winterville, NC, with his wife.

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