Chapter 7

Chapter seven was not as out dated as the previous chapters. I like how it focuses a portion on electronic payments. Since eBay and other online stores have become the new age of shopping; this information is useful for this class’ group of students. I found the new/used car info repetitive. I have already taken personal finance (I did not know the courses are the same) and I learned that buying a used car that is two years old. A new car loses over 40% of its value within the first two years of driving it off the lot. It is definitely more economically sound to purchase a two year old vehicle. However many college graduates do not learn that lesson.

Chapter 6

Credit card... sounds like bad news to me! it will remain only an unapproachable thought. I was taught about finances as i was raised. When i was of age, I talked with my parents about getting a credit card because it sounds like fast money with little consequences. Thankfully, they deterred my pursuit. This chapter seems as if it is encouraging to get credit cards; and so, it wouldn't surprise me if some of Pearson's employees have a second career or have encountered special incentives. At least this chapter educated future credit card buyers of ways to correctly manage their debt so we can avoid another monkey-see-monkey-do economic catastrophe.

Chapter 5

Chapter 5 has alot information in it that I already knew about; however also, it provided in depth details of the accounts that I did not know existed. I would figure that many people in the financial management education would have known of this information as well, which is provided to us through our banks. Certain benefits on U.S. bonds such as: tax advantages and the ability to lock in a fixed interest rate, will help me detrimentally in my future choices of buying them or not. Segments introducing how to write and endorsing checks are useless to me. I believe that since we are young, living in the technological age that this information is obsolete.

Ch. 4

Taxes have always been looked down upon by me. Chapter 4 showed me many ways that a college student could capitalize on taxes. I am glad that I had chosen to take this class during the taxing semester! I never have trusted an accountant to calculate my taxes for me. Human nature claims that a random person would not treat a stranger’s belongings as he/she would his/her own, regardless of payment. Personally I never have actually believed in the taxing system. This chapter brought me to an understanding of some sort. I will use the tax new deductions I am now aware of to my advantage.