Money Talk: A Financial Guide For Women (2014 Revision)

Publication Number: NRAES-160
Cost: $23.00
Length: 192 pages
Published: 2004
ISBN: 0-935817-94-8
Authors: Patricia Q. Brennan and Barbara M. O'Neill, Rutgers Cooperative Extension
Features: 48 worksheets, 35+ tables and sidebars, Checklists

Developed because women have unique financial needs, this book discusses financial basics, insurance, investing, and retirement. Offers specific guidance on marriage, divorce, cohabitation, and outliving one's spouse. Forty-eight worksheets help readers analyze their finances and plan for the future. Revised in 2009, 2014.

Note: A brief "new book announcement" is also available; scroll down after the news release on this page.

New Book Helps Women Take Charge of Personal Finances

For Immediate Release
June 2005

Women have unique financial circumstances. They earn less, on average, than men. They may have employment gaps due to family caregiving, which can affect their future retirement benefits. They live longer, on average, than men, so their money has to last longer. Of the elderly poor in the United States, over 70% are women.

The book, Money Talk: A Financial Guide For Women (192 pages; 2004), teaches women the basics of smart money management. In practical, accessible language, it shows women how to plan now for a secure future rather than one filled with financial worry. The book is a valuable resource for men, too, as well as extension educators, consultants, and human resources professionals. It makes an ideal text for workshops and classes.

Money Talk provides answers to questions like, How much do I need to save for retirement?; How much insurance should I have?; How and where should I invest my money?; and How do I create a will? Over 45 worksheets help readers evaluate their personal finances, set goals for financial well-being, and implement a plan to reach those goals.

The book is divided into five sections -- Financial Basics; Are You Covered? Insurance Basics; Investing Basics; Investing for Retirement; and Planning for Future Life Events. Each section includes lessons that demystify important financial concepts and exercises that allow readers to apply the information. Readers can work through the entire book at their leisure or choose a lesson that addresses a specific concern. Several lessons focus on specific life circumstances, such as widowhood, divorce, marriage, and cohabitation.

"Women simply must become savvy about finances," says Lois A. Vitt, chair and founding director of the Institute for Socio-Financial Studies. "Money Talk has exactly the right mix of insight and practical guidance to enhance a woman's self-confidence and her net worth."

Money Talk: A Financial Guide For Women was written by Patricia Q. Brennan, a Certified Financial Planner and Family and Consumer Sciences Educator with Rutgers Cooperative Extension, and Barbara M. O'Neill, a Certified Financial Planner and Professor in the Department of Extension Specialists at Cook College, Rutgers University. It was published by NRAES, the Natural Resource, Agriculture, and Engineering Service.


# # #

New Book Announcement

New Book Helps Women Take Charge of Personal Finances

For Immediate Release
June 2005

Money Talk: A Financial Guide For Women teaches women smart money management strategies to increase security and help ensure a future free of financial worry. The 192-page book has five sections -- Financial Basics; Are You Covered? Insurance Basics; Investing Basics; Investing for Retirement; and Planning for Future Life Events. Each section includes lessons that demystify important financial concepts and exercises so readers can apply the information. Some lessons focus on specific life circumstances, such as widowhood, divorce, marriage, and cohabitation. The book is a valuable resource for men, too, as well as extension educators, consultants, and human resources professionals. With over 45 worksheets, it makes an ideal text for classes. Money Talk was written by Patricia Q. Brennan and Barbara M. O'Neill, both of Rutgers University, and was published in September 2004 by NRAES, the Natural Resource, Agriculture, and Engineering Service.

Note: See also the more descriptive news release above.

Acknowledgments

Disclaimers

About the Authors

Dear Money Talk Reader

Session I: Financial Basics

Lesson 1: Understanding Your Relationship to Money
Lesson 2: Money Values and Goals
Lesson 3: Testing Your Financial Fitness
Lesson 4: Managing Household Cash Flow
Lesson 5: Calculating Your Net Worth
Lesson 6: Tips for Smarter Borrowing
Lesson 7: Financial Record Keeping

Session II: Are You Covered? Insurance Basics

Lesson 1: Managing Life's Risks
Lesson 2: Insurance Basics
Lesson 3: Life Insurance
Lesson 4: Health Insurance
Lesson 5: Disability Insurance
Lesson 6: Long-Term Care Insurance
Lesson 7: Auto Insurance
Lesson 8: Homeowner's Insurance
Lesson 9: Umbrella Liability Insurance

Session III: Investing Basics

Lesson 1: Setting Goals and Finding Solutions
Lesson 2: Understanding and Accepting Risk
Lesson 3: Investment Choices -- Stocks, Bonds, and Mutual Funds
Lesson 4: What Are Stocks and Why Should You Own Them?
Lesson 5: What Are Bonds and Why Should You Own Them?
Lesson 6: What Are Mutual Funds and Why Should You Own Them?

Session IV: Investing for Retirement

Lesson 1: Asset Allocation and Diversification
Lesson 2: Building an Investment Portfolio for Retirement
Lesson 3: Investment Returns
Lesson 4: Taking the Guesswork Out of Retirement
Lesson 5: Keeping Your Financial Records in Order
Lesson 6: Withdrawals -- How to Make Your Money Last
Lesson 7: How to Choose Financial Professionals

Session V: Planning for Future Life Events

Lesson 1: Estate Planning Fundamentals
Lesson 2: The Bare Essentials of Estate Planning
Lesson 3: The Matter of Trusts
Lesson 4: Estate Taxes
Lesson 5: Widowhood
Lesson 6: Divorce
Lesson 7: Marriage and Remarriage
Lesson 8: Cohabitation

Appendix: Action Steps

Abbreviations

Glossary of Investment Terms

About NRAES

Also from NRAES

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