Cover image for The complete idiot's guide to managing your money
The complete idiot's guide to managing your money
Heady, Robert.
Personal Author:
Third edition.
Publication Information:
Indianapolis, IN : Alpha Books, [2002]

Physical Description:
xxiii, 335 pages : illustrations ; 23 cm
General Note:
Includes index.
Getting the most for your money -- Why you need Wall Street -- The ABCs of really smart banking -- Credit and loans--borrowing money when you need it -- Getting a handle on your paycheck -- Taking care of you and your financial future.
Added Author:
Format :


Call Number
Material Type
Home Location
Item Holds
HG179 .H372 2002 Adult Non-Fiction Non-Fiction Area

On Order



Offers advice on creating a long-term financial plan, shopping for insurance and mortgages, managing credit card debt, and establishing a good credit rating.

Author Notes

Robert K. Heady and his daughter Christy Heady are a team of financial journalists who write nationally syndicated columns and are interviewed frequently by magazines and television. Robert is the nation's leading expert on bank interest rates and was the founding publisher of the highly regarded Bank Rate Monitor. Christy writes for the Chicago Tribune, Your Money, and Consumer's Digest. She's also the author of the first and second editions of the best-selling Complete Idiot's Guide to Making Money on Wall Street.

Reviews 1

Library Journal Review

As with most books in the "Complete Idiot's" series, this one comes across clearly; dudes will feel like they can accomplish something. Coverage of the usual suspects-credit, budgeting, simple investments-is thorough but not overdone. More information is available from the author's recommended readings and web sites.-Douglas C. Lord, Connecticut State Lib., Middletown (c) Copyright 2010. Library Journals LLC, a wholly owned subsidiary of Media Source, Inc. No redistribution permitted.

Table of Contents

Part 1 Getting the Most for Your Moneyp. 1
1 Grab Good Financial Planning by the Tailp. 3
Recognize That Time Is Moneyp. 4
Why Put Off Today What You Can Do Tomorrow?p. 5
Ignore the Statistics and Stick to Your Planp. 6
Excuuuuse Me!p. 7
Okay, Here's the Money Partp. 7
2 Managing the Debt Monsterp. 9
Determining If You Are in Debt Troublep. 10
Measuring Your Financial Healthp. 10
Developing a Budgetp. 11
Adding Up the Pluses and Minusesp. 13
Understanding Why Sticking to the Minimum Can Hurtp. 16
Controlling Your Debt Once and for Allp. 17
Using Your Savingsp. 18
Getting Outside Helpp. 19
Battling Debt's Biggest Culpritp. 19
Becoming a Debt-Busterp. 20
Filing for B-A-N-K-R-U-P-T-C-Yp. 20
3 Creating Easy-to-Follow Shopping Habitsp. 23
What Supermarkets Don't Tell Youp. 24
Smart Shopping 101p. 24
10 Ways Not to Spend Money ... Starting Todayp. 26
The Online Shopping Experiencep. 27
Fiber-Optic Warsp. 27
Flying the Friendly Skies on the Cheapp. 29
4 Everyday Money Language You Should Knowp. 31
Watch Those Conflicting Reports!p. 32
Watch the Rates: They're the Big Clue!p. 32
Know Where to Go for All the Good Stuffp. 34
Learn How to Understand the Mumbo Jumbop. 38
Determine What Kind of Investor You Arep. 39
Ask the Right Questions--Get the Right Answers!p. 42
Part 2 Why You Need Wall Streetp. 45
5 Secrets to Simple Investment Strategiesp. 47
Creating Your Investment Profilep. 48
Knowing the Pluses and Minuses of Taking the Plungep. 49
Investing in Stocks: A Crash Coursep. 51
My Name Is Bondp. 55
Getting Started with Mutual Fundsp. 58
6 So Who Really Wants to Be a Millionaire?p. 63
Learn to Be Selfishp. 64
Establish Your New Routinep. 64
You Better Shop Aroundp. 66
It Doesn't Hurt to Have Some Exposure Across the Big Bluep. 66
Don't Just Buy--Diversify!p. 67
Reduce Your Exposure to Uncle Samp. 68
Build a Portfolio of Mutual Fundsp. 68
Consider DRIPsp. 69
Use a Discount Broker If You Don't Need the Full Servicep. 70
Know When to Sell Your Investmentsp. 70
Part 3 The ABCs of Really Smart Bankingp. 71
7 Top Money-Making Secrets Your Friendly Banker Won't Tell Youp. 73
How Banks Stay in the Blackp. 74
How Banks Work the Ratesp. 77
Loan Rates That Jump in the Nightp. 80
How Fee Robbery Got Its Startp. 81
A Buck Here, a Buck There ... but Wow, It Adds Up!p. 82
How Check-Cashing Outfits Rob You Blindp. 85
The Bigger They Are, the Worse It Getsp. 85
How Bad Can It Get? Really Bad!p. 86
How You Can Negotiatep. 87
8 Interest Rates 101p. 89
Understanding How Banks Are Cashing In on Your Ignorancep. 90
Learning the Rate Basics and the Lingop. 90
Knowing How Banks Create (and Play with) Their Numbersp. 93
Understanding How Banks Brew Up Their Ratesp. 94
9 How to Get the Best Deal on a Checking Accountp. 101
Checking Account Basicsp. 102
Dropping Interest Rates: How Low Can They Go?p. 105
Identifying What Kind of Checking Creature You Arep. 110
Understanding Fees: You'd Better Shop Aroundp. 112
Avoiding the Trap: There's No Such Thing As a Free Checking Accountp. 113
A Savings Tip That Might Not Save You Anythingp. 118
Protecting Yourself Against Forgeryp. 119
10 Investing Safely with Uncle Samp. 121
Two Choices: Your Money's Safe or It Isn'tp. 122
He Who Laughs Lastp. 122
You Shouldn't Overdo the Safety Anglep. 123
Uncle Sam Is As Solid As the Rock of Gibraltarp. 123
Treasury Money Funds Are an Optionp. 126
Any Savings Bonds Today?p. 127
"I" Is for "Inflation"p. 129
FDIC Protects Your Bank Deposits up to $100 Grandp. 130
How to Beat the $100,000 Insurance Limitp. 131
How Much Money Can You Afford to Lose?p. 132
How Long Can You Be Without the Money?p. 133
So Really ... How Safe Are Banks?p. 133
11 Savings and CD Accounts: Beating the Averagesp. 135
Understanding Savings Account Basicsp. 136
Shopping for Savings Accountsp. 137
Knowing Where the Money Is--In a 2 Percent Rutp. 141
12 Why Credit Unions May Be the Best Place to Park Your Moneyp. 145
How Credit Unions Workp. 146
How to Join a CU--It's Easy!p. 146
How CUs Beat the Banks' Ratesp. 148
Credit Unions Also Offer $100,000 Insurance Protectionp. 148
Part 4 Credit and Loans--Borrowing Money When You Need Itp. 151
13 How Strong Is Your Credit Rating?p. 153
Big Brother Is Watching Youp. 154
Getting Your Credit Scorep. 154
Making the Biggest Mistake of All: Not Starting Earlyp. 160
Learning the Three Cs Are Just an Old-Fashioned Pipe Dreamp. 165
Determining If You're Good, Bad, or Grayp. 165
Boosting Your Chances of Getting Approvedp. 167
How Credit Inquiries Can Haunt Youp. 168
Guarding Against Mix-Upsp. 168
Protecting Yourself from Fraudp. 170
Helping Handsp. 170
Maintaining Good Creditp. 171
Knowing Other Ways to Strengthen Your Creditp. 172
14 The Right Credit Card for Youp. 173
Credit Cards: Personal Debt Enemy #1p. 174
Credit Cards: Just Try Not Having Onep. 175
Credit Cards: Different Typesp. 177
Ouch: Those Fees Hurt!p. 185
The Biggest Secret of All: Watch Your Habits!p. 187
15 To Lease or Not to Leasep. 189
Knowing the Biggest Rip-Offsp. 190
Determining If You Should Buy or Leasep. 193
Used Cars: Buying Right and Selling Rightp. 197
Getting the Best Financingp. 200
16 Mortgage Shopping: Let's Make a Dealp. 205
Learning the ABCs of How Mortgages Workp. 206
Calculating What It's Gonna Costp. 214
Finding the Cheapest Mortgage the Quick, Easy Wayp. 217
Determining Who Lends the Moneyp. 220
Paying Through the Nose in the Early Yearsp. 224
Paying Faster May Not Payp. 224
Identifying the Right Time to Refinance--You Could Save Thousands of $$$$$p. 225
Cracking Down on "PMI"p. 226
Putting the Tax Savings in Your Pocketp. 226
The Point Is, Points Add Up!p. 227
With Reverse Mortgages, the House Is Paying You!p. 228
17 How You Can Win--Or Lose--With Home Equity Borrowingp. 231
Home Equity in a Nutshell: Your Nest Egg Is on the Linep. 232
Why Banks Love Home Equity Loansp. 233
Pros and Cons of Home Equity Loansp. 238
Home Equity Scam Operatorsp. 240
18 Protect Your Credit--And Your Privacy--Before It's Too Late!p. 243
Identity Theft Is on the Risep. 244
Your Money and Your Lifep. 244
Everything Is up for Grabs or for Sale--You Name Itp. 244
Isn't Somebody Doing Something to Protect You?p. 245
Your Social Security Number--The Heartbeat of Your Privacyp. 245
How to Say "No" Politelyp. 246
Identity Theft Is Everywherep. 247
What to Do If You've Already Been Victimizedp. 248
Part 5 Getting a Handle on Your Paycheckp. 253
19 You, Your Employer, and Your Paycheckp. 255
The Pink Slip Arrivesp. 256
How to Get More Out of Your Paycheckp. 257
A Great Employee Benefitp. 258
The Fabulous 401(k)p. 260
20 How Much Do You Really Know About Your 401(k)?p. 265
401(k) Is the Way to Playp. 266
The Inside Goodsp. 266
Read the Fine Printp. 267
Go for the Gustop. 270
Avoid These Mistakesp. 272
Part 6 Taking Care of You and Your Financial Futurep. 275
21 Getting the Right Insurance Coverage for Your Needsp. 277
Making Sense of Insurance Mumbo-Jumbop. 278
Insuring Home Sweet Homep. 279
Understanding Car Coveragep. 283
Knowing the Do's and Don'ts of Buying Life Insurancep. 285
Insuring Your Paycheckp. 292
Identifying Some Insurance Products You Don't Needp. 294
22 Tackling Your Taxesp. 297
The Latest Changesp. 298
The Most Common Tax Mistakesp. 298
How to Find a Tax Prop. 304
23 Retiring R-I-C-H!p. 309
Why It Pays to Sock Money Awayp. 310
Why We Avoid Thinking About Tomorrowp. 310
Retirement Accounts Explained in Simple Englishp. 313
Pension and IRA Changesp. 316
Another Way to Save for Retirementp. 316
What to Do Now That You're Retiredp. 318
The Early Bird Getsp. 319
Count on You!p. 321
A Final Wordp. 321
Indexp. 323