The Time to Think about Personal Finance

As a law student or recent graduate, you have a lot on your mind with navigating the law and your new legal career. Personal finances is something you may be giving short shrift. Susan A. Berson’s new book Personal Finance for Professionals can be just the thing to nudge you into thinking more about your own money and financial well-being and planning for the future. This short book covers the basics of monthly budgets, school debt, credit, housing, insurance, investing, taxes, retirement planning, and life events. For example, in the chapter on school debt, you can learn about alternative payments plans, including graduated payments, income-contingent repayments, pay as you earn, and extended repayments. Or in the chapter on retirement planning, you can consider the traditional save 10 percent rule.