Elementary Finance: Loans, Credit Cards & More

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    Elementary Finance
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Discussion Overview

The discussion revolves around finding resources for basic finance topics, including loans, credit cards, annuities, and basic accounting concepts like balance sheets. Participants express interest in both personal and business finance materials, with a particular focus on applicability to different regions.

Discussion Character

  • Exploratory
  • Technical explanation
  • Debate/contested

Main Points Raised

  • One participant requests recommendations for books covering basic finance topics, including loans and credit cards.
  • Another participant provides several book links but notes that they may not cover all requested topics and suggests that the materials are primarily focused on business finance.
  • A participant expresses a desire for personal finance resources and questions the applicability of the suggested materials outside the USA, specifically for a South African context.
  • A later reply mentions a specific book titled "An Introduction to the Mathematics of Money: Saving and Investing," outlining its chapters and prerequisites, indicating it may cover many of the requested topics.
  • There is a suggestion that business finance falls under the category of Financial Accounting, which may be of interest to others in the discussion.

Areas of Agreement / Disagreement

Participants generally agree on the need for resources covering both personal and business finance, but there is no consensus on the applicability of the suggested materials outside the USA, and the discussion remains unresolved regarding the best resources for the South African context.

Contextual Notes

Some limitations include the potential regional specificity of the recommended books and the varying levels of complexity that may not align with the original request for basic finance resources.

qspeechc
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Hello everyone.

I'm looking for a book that covers very basic finance stuff, e.g. loans, credit cards, annuities, etc., something on basic accounting like balance sheet would be nice too.

Cheers
 
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qspeechc said:
Hello everyone.

I'm looking for a book that covers very basic finance stuff, e.g. loans, credit cards, annuities, etc., something on basic accounting like balance sheet would be nice too.

Cheers
Not sure it covers all the topics you mention but here are some options (no pun intended)
https://www.amazon.com/gp/product/007178831X/?tag=pfamazon01-20
https://www.amazon.com/dp/0071633227/?tag=pfamazon01-20
https://www.amazon.com/gp/product/0465018491/?tag=pfamazon01-20
https://www.amazon.com/dp/0764147595/?tag=pfamazon01-20
https://www.amazon.com/gp/product/0470481307/?tag=pfamazon01-20

I have an MBA in Finance, but i do not want to recommend the books that we used because they probably will be a overkill for your purpose.
 
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Thanks. That looks like business finance, which is half of what I'm looking for. I'd also like stuff on personal finance, like taking out loans, repayments, how credit cards work, etc.

Also, is this stuff specific to the USA, or is it applicable everywhere, because I'm a South African.

Cheers.
 
qspeechc said:
Thanks. That looks like business finance, which is half of what I'm looking for. I'd also like stuff on personal finance, like taking out loans, repayments, how credit cards work, etc.

Also, is this stuff specific to the USA, or is it applicable everywhere, because I'm a South African.

Cheers.
Yes, as I said, it probably does not cover all your topics. Also, yes, it is applicable to USA only (although the principles should apply nonetheless).
 
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In case anyone else reads this, I found "An Introduction to the Mathematics of Money: Saving and Investing" by Lovelock, Mendel and Wright. I've just found it, so I haven't gone through it yet, but the chapters are:

Simple Interest
Compound Interest
Inflation and Taxes
Annuities
Loans and Risks
Amortization
Credit Cards
Bonds
Stocks and Stock Markets
Stock Market Indexes, Pricing and Risk
Options
& Appendixes on Maths and Stats.

Looks like most answers are included, and prereqs are a year of calculus.

Also, for business finance, it looks like it falls under the heading of Financial Acounting, or something like that, if anyone's curious.
 

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