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Cover of Personal Finance v4.0
September 2023
Page Count: 
ISBN (Digital): 

Personal Finance

Version 4.0
By Rachel S. Siegel

Key Features

  • Over 270 embedded hyperlinks to streaming videos and webpages to enrich online courses, engage students, and reinforce or augment many of the presented topics
  • Divided into five sections that reflect the typical cycle of personal financial decisions
    • Learning Basic Skills, Knowledge, and Context (Chapters 1–6)
    • Getting What You Want (Chapters 7–9)
    • Protecting What You’ve Got (Chapters 10 & 11)
    • Building Wealth (Chapters 12–17)
    • Getting Started (Chapter 18)
  • Comprehensive explanation of math steps and calculations (Chapter 4 “Evaluating Choices: Time, Risk, and Value”)
  • Supportive learning features in every chapter include:
    • “Learning Objectives” at the beginning of each main section preview the material to come and prepare students to learn
    • “Key Terms” help students understand and become comfortable with important vocabulary and phrasing
    • “Do the Math” reinforces pertinent math skills and provides additional opportunities for students to practice math, calculator, and spreadsheet skills using quantitative models and applications
    • “Key Takeaways” at the end of each main section reflect the corresponding Learning Objectives and summarize key ideas in bullet-point fashion. Key Takeaways enable the learner to pause and consolidate the information just read or experienced into a ‘chunk.’ This process enables the reader to better understand and retain the section’s content and its key concepts
    • “Exercises” at the end of each main section often ask students to verify data or look up data relevant to their situation, providing personalized, practical, and active learning. Solutions to objective questions are provided in the instructor’s manual
  • Customizable


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Online Access Price:  $33.95 Color Printed Textbook with Online Access Price:  $60.95
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Personal Finance is suitable for introductory courses usually called Personal Finance or Personal Financial Planning taught primarily at the undergraduate level in departments of finance, family studies, or similar departments at both two- and four-year colleges and universities.

Personal Finance was written with two simple goals in mind: to help students develop a strong sense of financial literacy and provide a wide range of pedagogical aids to keep them engaged and on track. This book is a practical introduction that covers all of the fundamentals. It also introduces conceptual frameworks, such as the life cycle of financial decisions, in a way that students can easily grasp and immediately use in their personal lives.

New in This Version

  • Additional “Do the Math” exercises are now available for every chapter
  • Updated tax information and changes, specifically SECURE 2.0 (Chapter 6)
  • Updated and expanded discussion of trading includes discussions of “robo-advising” and online banking and investing platforms (Chapter 14)
  • Expanded material on commodities includes more information on currencies, cryptocurrencies, and tokens (Chapter 17)
FlatWorld Homework System

FlatWorld Homework

FlatWorld Homework includes multi-format questions written specifically for your FlatWorld book, which you can access through our stand-alone interface or integrate with your learning management system.

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Instructor’s Manual

Instructor’s Manual

The Instructor’s Manual guides you through the main concepts of each chapter and important elements such as learning objectives, key terms, and key takeaways. Can include answers to chapter exercises, group activity suggestions, and discussion questions.

Instructor’s Manual

PowerPoint Lecture Notes

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.

PowerPoint Lecture Notes

Test Generator - powered by Cognero

Test Generator - powered by Cognero

FlatWorld has partnered with Cognero, a leading online assessment system, that allows you to create printable tests from FlatWorld provided content.

Test Bank Files for Import to Learning Management Systems

Test Bank Files for Import to Learning Management Systems

For your convenience, we've packaged our test items for easy import into Learning Management Systems like Blackboard, Brightspace/D2L, Canvas, Moodle, or Respondus.

Test Item File

Test Item File

Need assistance in supplementing your quizzes and tests? Our test-item files (in Word format) contain many multiple-choice, fill-in-the-blank, and short-answer questions.

Sample Syllabi

Sample Syllabi

Sample syllabi provide useful templates to help new faculty adopters revise their teaching plans to match their assigned FlatWorld textbook or lend insights to existing adopters on how to organize their classes.


At FlatWorld, we take pride in providing a range of high-quality supplements alongside our titles, to help instructors teach effectively. Supplements are available for instructors who have registered their adoption with us. If you need to review or preview something specific, please contact us.

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Rachel S. Siegel Northern Vermont University

Rachel S. Siegel (MBA Yale University, CFA) was a professor of finance, economics, and accounting at Vermont State University from 1990–2016. She has also taught as an adjunct faculty member at Trinity College (Vermont), Granite State College (New Hampshire), Springfield College (Massachusetts), the University of Vermont, and in Tel Aviv, Israel, for Champlain College. Rachel has been a consultant to the CFA Institute on exam development, data forensics, and curricula, and has consulted on various exam prep courses in finance. She has also developed a freelance career as a financial editor and writer, for both investment firms and academics. Her column “Follow the Money” has been a regular feature of the Northstar Monthly since 2001. Originally from Providence, Rhode Island, Rachel now lives in Barnet, Vermont.

Additions & Errata


  • Adjusted the wording of Chapter 6 Do the Math question 1 (c) which was missing information. Question now reads as follows: "If your federal income tax obligation is $50,000 at a 32% tax rate, what was your taxable income?


  • Replaced broken MSN link in Chapter 7.4 Exercise with FinancialWeb article
  • Replaced the broken MSN retirement planner link in Chapter 11.2 Exercise 2 with one from Charles Schwab
  • Adjusted year 2020 to 2023 in Chapter 14.5 Exercise 3 to be more current
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