From Library Journal:
The purpose of this book is to encourage and teach the habit of saving money. Lowe defines "saving" instruments as those that promise a return of capital. These include saving accounts, certificates of deposit (CD's), corporate bonds, most annuities, and treasury securities. Stocks are excluded. The first two sections contain practical advice to motivate and explain how to save. The third section covers selecting accounts and how interest rates, inflation, and taxes affect saving. The last section compares treasury securities, bonds, CD's, and money market funds. Overall, the advice is conservative and sound. There are many books which advise on personal financial management; however, most of them include only a chapter on savings. This is recommended for its straightforward and thorough coverage of a neglected area of financial management.
- Judith Nixon, Purdue Univ. Lib., W. Lafayette, Ind.
Copyright 1989 Reed Business Information, Inc.
From Publishers Weekly:
Warning that a higher savings rate is an urgent individual need and a pressing national imperative, financial writer Lowe here analyzes the dizzying array of savings options available: bank accounts and CDs, mutual funds, annuities, insurance, government and municipal bonds, real estate, pension plans, etc. She stresses the difference between savings and investment--the latter can make your money disappear. She points out sobering realities: a newborn's parents eyeing a top college must put aside $345 a month now for future tuition. With its cutely titled, easy-to-digest short paragraphs--"Bonds for the Little Guy Grow Up," "Home Still a Haven"--this guide is clearly intended for those unsophisticated in money matters--yet may lose some of that audience in an overabundance of technical material. Readers who stay the course, however, may profit.
Copyright 1989 Reed Business Information, Inc.
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