Academic journal article Reference & User Services Quarterly

Personal Finance: An Encyclopedia of Modern Money Management

Academic journal article Reference & User Services Quarterly

Personal Finance: An Encyclopedia of Modern Money Management

Article excerpt

Personal Finance: An Encyclopedia of Modern Money Management. Ed. by Barbara Friedberg. Santa Barbara, CA: Greenwood, 2015. 403 pages. acid free $89 (ISBN: 978-14408-3031-0) E-book available (978-1-4408-3032-7), call for pricing.

This single-volume reference offers access to overviews of financial ideas and concepts, key events, and business figures that have shaped modern personal finance and money management. The editor, Barbara Friedberg, the author of How to Get Rich: Without Winning the Lottery and Invest and Beat the Pros--Create and Manage a Successful Investment Portfolio and founder of the popular website BarbaraFriedbergPersonalFinance.com, has compiled an invaluable and easy-to-use reference to increase financial literacy and independence among American citizens across different age brackets and life stages, especially young adults who are handling personal finances and making financial decisions for the first time.

There are approximately 125 entries ranging from 1,000 to 2,000 words. Eighty-eight topical overviews explain financial ideas and concepts and are organized alphabetically by topic. Each article is signed at the end. In fact, Barbara Friedberg contributed many entries as evidenced from the signings. Other entries were written by nineteen different writers from a diverse cross-section of academia and practicing professionals.

Entries are subdivided into relevant subtopics. Subheadings in boldface delineate the different subtopics. Often, articles discuss the advantages and benefits of different financial tools, as well as the risks and disadvantages. Readers are encouraged to see related cross-referencing and further reading sections listed at the end of each article.

Other strengths of this reference are that economic and financial topics, such as derivatives, hedge funds, inflation, and short sales, which are often deemed complex for laypersons, are explained in easy to understand language. Many entries supply information about common financial interactions, such as acquiring a first credit card, buying insurance, understanding credit scores, renting apartments, or buying first homes. …

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