
Financial Empowerment - 2nd ed.
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Bettina Schneider, University of Regina
Copyright Year:
Publisher: University of Regina
Language: English
Formats Available
Conditions of Use
Attribution-NonCommercial-ShareAlike
CC BY-NC-SA
Reviews
Reviewed by Christina Wooten, Business Technology Faculty, Rogue Community College on 12/27/25
This text begins with basic financial terms and information to ensure students are equipped with a solid foundation. Case studies are woven throughout the text to demonstrate concepts. read more
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Reviewed by Christina Wooten, Business Technology Faculty, Rogue Community College on 12/27/25
Comprehensiveness
This text begins with basic financial terms and information to ensure students are equipped with a solid foundation. Case studies are woven throughout the text to demonstrate concepts.
Content Accuracy
From my perspective, the book is accurate on concepts, descriptions, and processes. The book is written from a Canadian perspective for Canadian students, there are some differences an instructor in the US or another country would need to make. For example, Canada has different federal income and tax processes than those used in the US and other countries.
Relevance/Longevity
The text was updated recently (2024). There is a section toward the back of the text that indicates revisions for each previous addition. Content is up-to-date- in a way that allows the text to be used for multiple years. There are some websites listed in the text that could change, but other than that potential consideration, the text is relevant.
Clarity
The book content is accessible to various levels of learners. The case studies (or stories) that are used to demonstrate concepts add an additional level of clarity for students. For example, in chapter
Consistency
The layout of the text is consistent and user-friendly. Key terms are in bold face, learning objectives are clearly labeled for each chapter, references are listed (not hyperlinked) for each chapter. The framework of each chapter is similar and easy to follow.
Modularity
The test would be easily divisible into a quarter or semester course. It also has chapters that could be used in a stand-alone fashion.
Organization/Structure/Flow
The table of contents does follow a logical path for a finance text. I did find it interesting that Career Planning was the last chapter of the text. In my experience, this chapter has landed much earlier in the text to help students gain an understanding of why the information they are about to learn matters.
Interface
There were no interface, navigation, viewing or display problems.
Grammatical Errors
The text uses clear, easy to read language with no noticeable grammatical errors.
Cultural Relevance
This text is culturally relevant, especially for Canadian students or those planning to live in Canada or Canadian territories.
CommentsWhile I will not be able to use the entire text, I do plan to use several chapters in my next course. I appreciate the amount of detail and the foundation of story that is so evident in this text. The story is, in my opinion, what helps the learner understand the content. Excellent text!
Table of Contents
- About the Book
- Preface to the 2024 Edition
- Introduction
- Image Credits
- Personal Financial Planning
- Basic Ideas of Finance
- Financial Statements
- Evaluating Choices: Time, Risk, and Value
- Financial Plans: Budgets
- Taxes and Tax Planning
- Financial Management
- Consumer Strategies
- Buying a Home
- Personal Risk Management: Insurance
- Personal Risk Management: Retirement and Estate Planning
- Investing
- Owning Stocks
- Owning Bonds and Investing in Mutual Funds
- Career Planning
- Video Interviews with Elders
- Modifications made to Personal Finance
- Acknowledgements
- About the Author
- Library and Archives Canada Cataloguing in Publication
- Open Education Publishing
- Versioning History
About the Book
Financial Empowerment is designed for a single-semester introduction to financial planning and decision-making, in order to provide first and second-year students with the necessary financial literacy and skills needed to make sound financial decisions, assess financial risk, and achieve financial success. This textbook attempts to speak to the varied backgrounds, knowledge systems, and experiences of Indigenous and non-Indigenous Canadians by providing Indigenous and non-Indigenous perspectives on personal finance and financial planning using examples and information from Elders, the Canadian financial system, and the economy. Additional OER can be found at https://ctl.uregina.ca/open-education/publications-catalogue
About the Contributors
Author