I’m booking it with Jessica this year, and February’s read is The Money Saving Mom’s Budget: Slash Your Spending, Pay Down Your Debt, Streamline Your Life, and Save Thousands a Year, by Crystal Paine. I’m a fan of Crystal’s blog, Money Saving Mom, and this book does a good job of capturing the essence of what Crystal blogs about.
Crystal’s personal story is inspiring–she and her husband lived in a tiny basement apartment on a teeny income when they were first married, and still managed to get him through law school without taking on any debt obligations. I started reading Money Saving Mom when they were halfway towards their goal of paying cash for their first house. And now, Crystal is donating all the proceeds from her book to Compassion International! This woman is the real deal, and it shows on every page.
The content in The Money Saving Mom’s Budget is top-notch; I just wish there were more of it! Somehow, it seems incomplete. I felt like I was reading the middle of a good book that was missing the beginning and ending.
That being said, this book is an excellent primer for anyone trying to plant their feet on firm financial ground, and great motivation for anyone who wants a reminder of why they want to live frugally in the first place. I think I’m pretty well-versed in the field of personal finance, but I still came away from this book with practical action points I need to follow through on, like requesting a copy of my credit report to make sure everything is in order.
If you’d like to improve your personal financial outlook, I highly recommend picking up a copy of Crystal’s book (or one of the other finance books I mention below). We devote our time, energy and resources to the things that have our attention. If you want to improve your financial situation, focus your attention on your finances by reading a good book.
My Favorite Personal Finance Books:
George Clason, The Richest Man in Babylon. This was the first finance book I read, given to me by my dad. The advice couldn’t be simpler, though that doesn’t mean it’s easy to put it into practice.
Thomas Stanley, William Danko, The Millionaire Next Door: The Surprising Secrets of America’s Wealthy. How does the typical millionaire live? Not that differently from everybody else. My dad gave me this book, too. (Notice a pattern yet?)
Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness. Unlike Crystal Paine, Dave Ramsey made a wreck of his own personal finances early on his financial career. He turned his ship around, and made it his mission to teach other people how to get out of debt–and stay out. This is a great step-by-step guide to turning your own finances around, one baby step at a time.
And for those of you who prefer your financial advice short and snappy, Steve Martin and Amy Poehler have some words of wisdom to share with you: Don’t Buy Stuff You Can’t Afford.
What’s your favorite personal finance book?
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