Elementary Finance: Loans, Credit Cards & More

[qspeechc]

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

 

[smodak]

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.

 

[qspeechc]

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.

 

[smodak]

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).

 

[qspeechc]

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.