Library Guides: Financial Literacy: Introduction

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Zoeanna Mayhook

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Subjects: Business, Finance, & Economics

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Provides information about stocks, mutual funds, exchange traded funds, banks, credit unions, and insurance companies; consumer guides to various insurance products, annuities, health savings accounts, medicare, and elder care; financial literacy information on checking accounts, managing debt, making a budget, buying a car, renting an apartment, student loans, starting a 401 (k), understanding health insurance plans, planning for the future, and investing.

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About

Guide Purpose

This guide aims to provide students, alumni, community members, and educators with tools and resources that improve financial literacy knowledge and decision-making skills. While there are a few books and journals listed that require institutional access through Purdue, most resources listed are openly available to everyone.

What is Financial Literacy?

Financial literacy refers to the skills and knowledge required to manage financial resources effectively. This includes, but is not limited to, financial competencies related to budgeting, saving, investing, and general decision-making regarding an individual's personal financial goals.

Resources at Purdue University

Boiler Financial Track
Helps students meet their financial goals through financial counseling, budgeting help, and financial wellness presentations.
Purdue Division of Financial Aid
Helps students and families find ways to eliminate financial barriers to a Purdue education. Offers virtual counseling with a financial aid counselor.
PurdueX Personal Finance Course
This personal finance course is divided into four modules: investments, credit, insurance and retirement. Each module is independent and may be studied on its own, although studying them together provides a deeper understanding of the interconnectedness across modules and the various tradeoffs across them. The audit track provides free (but limited) access to course materials. This course is taught by Sugato Chakravarty, Professor of Consumer Economics at Purdue University.
Student Support Services
Provides different forms of assistance to students and families, such as financial assistance. Includes information on student financial assistance, emergency loans, scholarships, and Ross & Roberts Awards.

Popular eReading

Financial Literacy for Generation Z: a Practical Guide to Managing Your Financial Life by Kenneth O. Doyle
Publication Date: 2019
This indispensable resource explains principles of financial planning and financial psychology to help teens and young adults make good financial decisions now and achieve their financial goals. Financial literacy for savvy teens and young adults means meeting them where they are, which is in high school and college. It also means understanding how they differ from their Gen X and elder millennial parents. For example, they tend to be debt-averse, thrifty, and responsible but may err on the side of taking too little risk, such as not investing early enough.
Investing for the Long Term by Francisco Parames
Publication Date: 2018
Make the smartest choices you can with this must-have read for investors by one of the world's legendary value investors World-renowned investor Francisco García Paramés shares his advice and tips on making smart investments in this must-have book for those looking to make smarter choices for their portfolio.
Financial Independence (Getting to Point X) by John J. Vento
Publication Date: 2018
Discover how the Tax Cuts and Jobs Act of 2017 will change your journey to financial independence and what you need to do now to take advantage of the new law Financial Independence (Getting to Point X) offers practical, time-tested advice for reaching your financial goals--whatever they may be.
There's More to Financial Planning Than Financial Planning by Brian Zeek; Dee Dee Brooks
Publication Date: 2018
There's More to Financial Planning than Financial Planning doesn't simply cover the obvious topics in personal finance. Brian Zeek and Dee Dee Brooks present a comprehensive picture of financial planning that includes everything from car insurance to the ins and outs of a home mortgage to health insurance and the lesser-known benefits of life insurance--and shows how so many people leave tens of thousands of dollars on the table by not tending to these crucial issues.
Master your finances : the art of building wealth by Marwisa, Caroline
Publication Date: 2017
Master Your Finances – the art of building wealth will transform your financial life by demystifying the complexities around wealth creation. It will also open up new possibilities and provide practical ways for you to start your own successful financial journey.The book will unravel the mechanics behind finances and help you to become more aware of your own behavior, and how it impacts your financial net worth.
You Only Live Once by Jason Vitug
Publication Date: 2016
Get your finances in order with smart budgeting and money mindfulness You Only Live Once is the guide to achieving your best life through smart money moves. Before you even begin making a budget, you need to think about why. Where do you see yourself financially in ten years? Five years? This time next year? What does money do for you? Once you know your destination, you can begin charting your course.