The Teen Money Manual: A Guide to Cash, Credit, Spending, Saving, Work, Wealth, and More

by Kara McGuire

Overview

Wouldn’t it be great if money grew on trees? But since it doesn’t, everyone has to learn how to earn and manage money in order to live—and it’s never too early to start. This book offers today’s teens the best and most up-to-date tips on how to make money, how to spend it, how to invest and save it, and how to protect it. Learn how to land that first job, figure out your paycheck, and negotiate a raise. Discover how to stretch your money to cover all of your needs and (at least some of!) your wants. Learn to be a savvy saver to vastly improve your life. Really! Once you’ve started to accumulate property and money, you’re not done managing your financial life. Far from it! Find out what it takes and how much it will cost.

Product Details

ISBN-13:	9781623701352
Publisher:	Capstone
Publication date:	07/01/2014
Pages:	208
Product dimensions:	6.10(w) x 9.00(h) x 0.70(d)
Age Range:	12 - 17 Years

About the Author

Kara McGuire is an award-winning personal finance writer, consumer researcher, and speaker. She writes a personal finance column for the Minneapolis Star Tribune and formerly worked for the public radio program Marketplace Money. She enjoys teaching young people and parents about money. Kara lives in St. Paul, Minnesota, with her husband, Matt, and children Charlotte, Teddy, and August.

Editorial Reviews

07/01/2014
Gr 6 Up—This solid book explains the choices teens can make now that will impact their future credit and financial life. It is well organized into four sections: earning, saving, spending, and protecting. Each one has three chapters that offer informative options and practical advice. The section on earning covers making money, from getting a job and becoming an entrepreneur to deciphering one's paycheck. The part about saving discusses options, investing, time horizon, risk, and diversification. Spending discusses budgeting, expenses, borrowing, credit cards, paying for college, figuring costs of college, and tools for financial aid. Protecting your property looks at different types of insurance, as well as how to protect against identity theft and what readers should do if they think their identity has been stolen. Up-to-date tips and resources include statistics, worksheets, sample documents, websites, and apps. Side bars share financial experiences of young entrepreneurs, investors, and others. The book is similar in scope to Tamara Orr's Money Matters (Mitchell Lane, 2010), which covers economy, budgeting, savings, earning money, and stock-market investing tips. This handy manual teaches teens about financial literacy in a helpful, casual tone. Clear and accessible explanations will help readers to build a "rock solid financial future."—June Shimonishi, Torrance Public Library, CA

School Library Journal

2014-06-04
Just about anything teens would want to know about money and finance but didn’t know enough to ask.McGuire first makes the often intimidating world of finance—not generally a topic on a teen’s must-read list—approachable by separating the book into four tidy subsections: Earning, Saving, Spending and Protecting. She makes it further accessible by using concrete examples instead of abstractions. She discusses the ins and outs of starting a business, with two entrepreneurial teens describing how they acquired their startup capital and how they juggled their businesses with their school schedules. Oftentimes, McGuire departs from giving purely financial advice and provides counsel that sounds like it comes from a mentor or parent. “Your number one job as a teen is to get good grades, gain experiences from school and community activities, and prepare for higher education.” She advises teens on appropriate dress for an interview—“When in doubt, dress up, not down”—and how to discriminate between wants and needs. She also covers banking and investing, saving for the near and far future, and purchasing car and property insurance. There are scads of helpful websites, as well as a sample resume, budget and W-2 form. Colorful photos and charts and eye-catching graphics keep the pages turning.A solid, thoroughly readable guide. (Nonfiction. 12-18)

Kirkus Reviews