In this post I give you my top three picks for money management books that helped me on my path to a thriftier lifestyle. If you haven’t already, check out my post Why Joyful Thrifty Home? Part 2: Thrifty to read about how and why I used thrifty in my blog name and what it means for me.
My Top Three Picks for Money Management Books
The following three books were extremely beneficial in helping my husband and I get on track financially which is why I want to recommend them to you! These are especially great you are looking for a place to start taking control of your financial future.
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by Dave Ramsey
Dave Ramsey’s Complete Guide to Money is the companion to his popular money management course, Financial Peace University. The book covers the same topics of the course and is a comprehensive guide to Dave’s teachings. In the book you will learn about budgeting, dumping debt, saving and investing. It also covers topics such as insurance, mortgages, marketing and how to be a good bargain hunter. Dave also emphasizes the importance of being able to build wealth so you can give.
The information we received during Financial Peace University gave my husband and I the tools we needed to take control of our finances and even save some of our sanity in the process. I never thought I was bad with money. I mean, even this math hating girl knew what a budget was. However, I learned so much more than how to do a budget, I learned how to control my money instead of it controlling me.
Since going through the class, my husband and I have been able to pay all of our bills on time, including tithing to our church, and save for our emergency fund, even at times with very little income. I say this not to brag, but to let you know that it is possible.
I will always tell people that taking FPU is one of the best decisions my husband and I have ever made. I recommend to everyone, especially if you need some help getting ahead with your finances. You don’t have to agree with every single thing that Dave says, but if you go into it with an open mind and willing to change, I guarantee you will never be the same.
The Money Saving Mom’s Budget: Slash Your Spending, Pay Down Your Debt, Streamline Your Life, and Save Thousands a Year
by Crystal Paine
Crystal Paine, more commonly known as Money Saving Mom covers many of the topics she writes about on her popular blog www.moneysavingmom.com. Her book covers her most effective strategies for taking control of your finances and your life including how to budget, spend less on groceries, be better organized, how to use coupons and more!
It wasn’t until after reading Crystal’s book that I began following her blog. I will admit that though I got a lot of great advice from the book, her blog has helped me even more. I am always amazed at all the awesome tips and deals I find. It was also because of her that I got serious about learning to save money and started getting free samples in the mail.
The book doesn’t really have many new ideas that can’t be found on her blog, but it is a nice comprehensive resource. It was great for me because I needed help and motivation to get on the path toward financial freedom. Just like her blog, the book is full of practical advice and encouragement.
For more about Crystal and to get her great tips, check out her blog Money Saving Mom.
Americas Cheapest Family Gets You Right on the Money: Your Guide to Living Better, Spending Less and Cashing in on Your Dreams
by Steve and Annette Economides
America’s Cheapest Family is comprised of Steve and Annette Economides and their five children. They have been featured on various television programs and are known for their once a month grocery shopping trips which take about five hours. They have a grocery budget of just $350 for their entire family of seven. In their book, they offer lots of great tips on how to cut back and save by showing how they live in financial freedom and how you can too.
America’s Cheapest Family was the first book I read that really challenged me to think about how I looked at money. With each chapter I found so many new ideas about how I could cut back on my spending or how to be smarter with what I did spend. This book gave me the push I needed to not only live more frugally, but to actually enjoy it.
You will definitely be challenged to think outside the box a bit in this book. Their tips aren’t just a simple cut out that coffee shop latte that you so often read about. They tell you how to reuse things things and be resourceful. Some ideas were things I had never thought about until reading this book.
One of the most helpful points I took from the book was to watch out for gimmicks and schemes when shopping. It is because of this book, that I am careful to look for the best deals and always try to shop with a plan.
For more from the Economides family check out their website, Money Smart Family.