PFIN,
8th Edition

Part I: FOUNDATIONS OF FINANCIAL PLANNING.
1. Understanding the Financial Process.
2. Using Financial Statements and Budgets.
3. Preparing Your Taxes.
Part II: MANAGING BASIC ASSETS.
4. Managing Your Cash and Savings.
5. Making Automobile and Housing Decisions.
Part III: MANAGING CREDIT.
6. Using Credit.
7. Using Consumer Loans.
Part IV: MANAGING INSURANCE NEEDS.
8. Insuring Your Life.
9. Insuring Your Health.
10. Protecting Your Property.
Part V: MANAGING INVESTMENTS.
11. Investment Planning.
12. Investing in Stocks and Bonds.
13. Investing in Mutual Funds, ETFs, and Real Estate.
Part VI: RETIREMENT AND ESTATE PLANNING.
14. Planning for Retirement.
15. Preserving Your Estate.

• Randall Billingsley

  Randall Billingsley is a finance professor at Virginia Tech and an award-winning teacher at both the undergraduate and graduate level. His research, consulting, and teaching focus on equity valuation, personal investments, and regulatory finance. Dr. Billingsley holds the Chartered Financial Analyst (CFA), Financial Risk Manager (FRM), and Certified Rate of Return Analyst (CRRA) professional designations. He received an MS in economics and a PhD in finance from Texas A&M. In 2006, he published a financial analysis book with the Wharton School. In addition, his research has been published in many professional journals, including the JOURNAL OF PORTFOLIO MANAGEMENT, JOURNAL OF BANKING AND FINANCE, FINANCIAL MANAGEMENT, JOURNAL OF FINANCIAL RESEARCH, and JOURNAL OF FUTURES MARKETS. He is a former vice president at the CFA Institute. At Virginia Tech he advises the Student-Managed Endowment for Educational Development, which manages an equity portfolio of about $5 million.

• Lawrence J. Gitman

  Lawrence J. Gitman is an emeritus professor of finance at San Diego State University. He received his bachelor’s degree from Purdue University, his M.B.A. from the University of Dayton and his Ph.D. from the University of Cincinnati. Dr. Gitman is a prolific textbook author with numerous best-selling books, and he has written more than 50 articles for various finance journals. An active member of numerous professional organizations, Dr. Gitman is past president of the Academy of Financial Services, the San Diego Chapter of the Financial Executives Institute, the Midwest Finance Association and the FMA National Honor Society. In addition, Dr. Gitman is a Certified Financial Planner® (CFP®). He formerly served as a director on the CFP® Board of Governors in addition to functioning as vice-president–financial education for the Financial Management Association and as director of the San Diego MIT Enterprise Forum. Dr. Gitman has two grown children and lives with his wife in La Jolla, California, where he is an avid bicyclist.

• Michael D. Joehnk

  Michael D. Joehnk is an emeritus professor of finance at Arizona State University. In addition to his academic appointments at ASU, Dr. Joehnk spent a year as a visiting professor of finance at the University of Otago in New Zealand. He received his B.A. and Ph.D. degrees from the University of Arizona and his M.B.A. from Arizona State University. A Chartered Financial Analyst (CFA), he served as a member of the Candidate Curriculum Committee and of the Council of Examiners of the Institute of Chartered Financial Analysts. He also served as a director of the Phoenix Society of Financial Analysts and as secretary-treasurer of the Western Finance Association. He was also elected to two terms as vice president of the Financial Management Association. In addition, Dr. Joehnk was the editor of Institutional Asset Allocation, which was sponsored by the Institute of Chartered Financial Analysts and published by Dow Jones-Irwin. He also has contributed to the Handbook for Fixed Income Securities and to Investing and Risk Management, Volume 1 of the Library of Investment Banking. In addition, Dr. Joehnk served a six-year term as executive co-editor of the Journal of Financial Research. He and his wife live in Flagstaff, Arizona, where they enjoy hiking and other activities in the surrounding areas.

• The “Working with a Financial Advisor,” feature is strategically integrated across the book. This helps to target the next steps in applying personal financial planning to students’ lives going forward. A new appendix on “Using Spreadsheets” has also been added. This illustrates how financial planning concepts may be applied using the data in the book and the personal financial data of students.

• This edition has numerous features, relating personal finance to students’ day-to-day lives. These include “You Can Do It Now” on personal financial actions students can take now, “Financial Impact of Personal Choices” illustrating financial effects of key personal decisions and “Financial Planning Tips.” It presents students with decision-making frameworks and up-to-date information on key topics that include buying a home or car, setting up and maintaining a budget, handling student loans, insuring your life, health and property, investing to meet goals like retirement and doing your taxes.

• This edition provides effective emphasis on decision-making frameworks and relevance to students’ day-to-day lives.

• Solutions offer an engaging print textbook, tear-out review cards and an interactive online learning solution, all delivered and influenced by a deep understanding of student’s workflow and learning styles.

• The “Behavior Matters” feature explores how our psychology affects our financial planning decisions for better or worse and how to take it into account to consistently make better decisions.

• This edition allows students to see a road map of their financial futures. The “Planning Over a Lifetime" feature at the end of each chapter shows how the given financial tools allow them to best adapt to changes over a lifetime.

• PFIN, 8e allows students to see a road map of their financial futures. The “Planning Over a Lifetime" feature at the end of each chapter shows how the given financial tools allow them to best adapt to changes over a lifetime.

• Shorter, comprehensive chapters in a modern design present content in a more engaging and accessible format that increases the number of students who read the chapter without minimizing coverage for your course.

Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.

Cengage Testing, powered by Cognero® for Billingsley/Gitman/Joehnk's PFIN
9780357988107

Cengage Testing, Powered by Cognero® for Billingsley/Gitman/Joehnk's PFIN, Instant Access
9780357988091

Instructor's Companion Website for Billingsley/Gitman/Joehnk's PFIN
9780357988084