Finance Is Personal - by Kim Stephenson & Ann Hutchins (Hardcover)

About the Book

This groundbreaking personal finance resource shows you how to manage thinking, feelings, and behavior so that you can handle your money to get what you want--not what someone else thinks you ought to have to be happy.
Financial planning and money management are hot topics, but most books don't help you figure out what you truly want your money to provide for you. Exploring links between money and happiness, this guide is based on sound theory and on the latest research in psychology, behavioral economics, happiness, and neuroscience. It will give people at any stage of life--especially those of you in college or starting careers--the tools to plot your own course through the financial world and, ultimately, use money as a gateway to a happy and fulfilling life.

Stephenson and Hutchins introduce core concepts that support strong, sound decision making around money, based on personal values, attitudes and beliefs, and goals. Practical, information-gathering questions and exercises help you uncover your true financial needs. The final two chapters show you how to integrate the relevant information with your goals and develop a plan for success. Along the way, you will learn such things as how to plan for your long-term goals, how to delay certain types of gratification for another type of instant gratification (peace of mind), how to think about credit, and how to make decisions on such issues as renting or buying, investing or saving, and borrowing a lot, a little, or not at all. Finally, you will come away with new ideas for how to have fun on a budget.

• Focuses on the reader's own situation and issues and provides practical knowledge and advice
• Shows readers how to work out what they really want their money to do, how to set goals for what they want, how to build financial plans to achieve those goals, and how to stick to their plans
• Connects older traditional knowledge with the latest research in neuroscience and psychology
• Explains why the reader might think in a particular way so that he/she can understand that to be human is to be complex and sometimes irrational
• Links areas such as visioning, goal setting, deferring gratification, financial planning, and behavioral change, and sets them into a context so the reader can understand, remember, and use the ideas

Book Synopsis

This groundbreaking personal finance resource shows you how to manage thinking, feelings, and behavior so that you can handle your money to get what you want--not what someone else thinks you ought to have to be happy.

Financial planning and money management are hot topics, but most books don't help you figure out what you truly want your money to provide for you. Exploring links between money and happiness, this guide is based on sound theory and on the latest research in psychology, behavioral economics, happiness, and neuroscience. It will give people at any stage of life--especially those of you in college or starting careers--the tools to plot your own course through the financial world and, ultimately, use money as a gateway to a happy and fulfilling life.

Stephenson and Hutchins introduce core concepts that support strong, sound decision making around money, based on personal values, attitudes and beliefs, and goals. Practical, information-gathering questions and exercises help you uncover your true financial needs. The final two chapters show you how to integrate the relevant information with your goals and develop a plan for success. Along the way, you will learn such things as how to plan for your long-term goals, how to delay certain types of gratification for another type of instant gratification (peace of mind), how to think about credit, and how to make decisions on such issues as renting or buying, investing or saving, and borrowing a lot, a little, or not at all. Finally, you will come away with new ideas for how to have fun on a budget.

About the Author

Kim Stephenson, CPsychol, ACII, Dip PFS, is director of Stephenson Consulting.

Ann B. Hutchins, CFC, ACC, is the principal of Ann B. Hutchins Financial Coaching.