Using the Resources

Personal Finance with Jay and Denise

Personal Finance with Jay and Denise

As an example of how to use some of the resources we have presented here, we will follow two hypothetical library patrons, Jay and Denise, as they learn about personal finance and plan their future.

Jay and Denise are recent graduates. Degrees in hand, they are now faced with starting new jobs and finding a way to pay for the credit card debt and student loans. Perhaps one day they will be able to retire from the rat race of the working world. The Library provides all of theses resources to help our young couple achieve their goals: books, databases, and internet access.

Personal Finance with Jay & Denise > Books > Page 2

First, Jay and Denise have to learn what personal finance is, so Jay picks up the Wall Street Journal Guide to Understanding Personal Finance to read on his lunch hour. Meanwhile, Denise finds Personal Finance for Dummies on CD book which she can listen to during her 30 minute commute each day.

Having learned what personal finance entails, Jay searches and finds The Money Book for the Young, Fabulous, and Broke. Inside he will discover good strategies for dealing with his car loan, student loans and credit card debt, while still being able to spend time with his friends and have a social life. Denise asks him to pick up Debt Free for Life for further information on paying off personal debt.

Personal Finance with Jay & Denise > Books > Page 3

Having gotten a handle on the pesky personal debt, Jay and Denise begin looking for a new place to live. Denise searches for a book on home buying and finds Nolo's Essential Guide to Buying Your First Home. Having read it, Jay looks for alternative sources on creating wealth and borrows The Road to Wealth on DVD as well as grabbing The Smartest Money Book You'll Ever Read.

After a couple years of living in their new condo, Jay and Denise decide they would like to try their hand at investing some of their income in the stock market. On a weekend, Denise comes to the Library and spends some time on the fourth floor reading The Ultimate Guided Tour of Stock Investing. She copies a few worksheets out to determine a level of risk and takes home copies for Jay. She also grabs copies of Exchange-Traded Funds for Dummies and Common Sense on Mutual Funds.

Personal Finance with Jay & Denise > Books > Page 4

Jay calls Questline and requests Kiplinger's Guide to Investing Success and a couple of investment books by Motley Fool to be sent through the Library's Books by MAYL program.

Jay and Denise also hop online and go to the Library website to use the Morningstar and Value Line Research Center databases to research a couple of stocks they are considering investing in.

Things are going well for Jay and Denise. The information and resources they used to plan their finances were all available from the Library.