Money 101: Making Dollars and Sense

By Dr. Michael Boyd

Money 101: The first entry in the Money Series by Dr. Boyd Money 101: Making Dollars and Sense establishes personal finance fundamentals and management skills. It is structured into 14 chapters, each offering practical advice on a range of financial topics:

What Is Money?
Examines how money developed throughout history while analyzing its trade function and its modern importance for personal achievement and societal contribution.

Income Basics
The guide discusses various income forms including salaries and tips and educates on differentiating gross from net income while providing techniques to manage your initial paycheck well.

Spending Wisely
Readers learn how to tell needs from wants, resist impulse spending and recognize opportunity costs to make improved spending choices.

Creating a Budget
The section explains how to use budgeting methods such as the 50/30/20 rule along with tools like apps and spreadsheets to monitor expenses and reach financial targets.

Saving for the Future
The section highlights saving strategies for unexpected expenses and future plans with practical advice on selecting saving methods and developing SMART goals.

Understanding Debt
The section covers the variety of debt types along with distinctions between healthy and unhealthy debt and methods to manage and minimize debt.

The Basics of Banking
This section outlines banking operations and online banking benefits while giving detailed instructions on how to open and maintain a bank account.

Credit 101
The section provides credit definitions and its importance along with explanations of credit card functions and advice on building good credit scores.

Investing Made Simple
The section teaches new investors about accessible financial products such as savings accounts, bonds, ETFs, and robo-advisors along with compound interest effects and why early investment is crucial.

Protecting Your Money
Provides advice on scam avoidance and basic insurance understanding plus guidance for secure financial record organization.

Taxes Demystified
The guide details different tax categories (income taxes, sales taxes, property taxes) and explains basic tax filing procedures with information about deductions and credits as well as available filing methods.

Planning for the Future
This section explains how to establish financial objectives for education expenses and vehicle purchases along with homeownership and retirement needs while underscoring the importance of emergency savings and insurance coverage.

Money Mindset and Habits
Teaches readers how to develop a positive financial attitude while establishing regular financial practices and steering clear of unproductive comparisons which help them concentrate on their own objectives.

Your Money Game Plan
It consolidates essential financial techniques to create a unified strategy that helps readers budget effectively and save regularly while tracking their progress and staying motivated for sustained success.

Through actionable steps Dr. Boyd's book turns complex financial theories into practical knowledge for readers to create secure financial futures. The book prepares readers for upcoming Money Series volumes where advanced financial subjects will be explored in more depth.

• Format: Paperback
• Language: English
• ISBN: B0DV5HVZXN
• ISBN13: 9798308465546
• Release Date: January 2025
• Publisher: Independently Published
• Length: 74 Pages
• Weight: 0.24 lbs.
• Dimensions: 0.1" x 6.0" x 9.0"