Understanding Personal Finance

Most people cannot say, out of their own head, what they earned last year, how much of it went to tax, and what they are worth today. That is not carelessness. Your money has been cut into a dozen pieces - a pay stub, a tax return, a credit report, a plan document, a policy, a loan statement - each written in a language nobody taught you, and no one anywhere is responsible for adding them up.

This book puts the pieces on one table and goes through them one at a time.

Forty-fou…