Thursday, August 29, 2013

Financial Friday: A Book Review

Okay okay okay, I know. It's Thursday.

But I'm too excited to wait until tomorrow to post this, so bear with me.

For the past couple years, I've been following a blog called Words of Williams. If you remember, I did my very first guest post over there last year. Eric and Kelsey write about topics on marriage, parenting, and finances, and I'm really enjoying seeing all the cute pictures of their daughter, Rooney, as she grows.

Today, Eric's first book, It's Your Money, released in hard copy and ebook on Amazon, and it's amazing.

I was able to get an advanced copy of it (thanks, Eric!), and I was a little skeptical. I'm familiar with the Williamses' financial story from their blog, and as I've taken Dave Ramsey's Financial Peace University (FPU), how much more would I get out of the book? Would the book really speak to me if I wasn't brand new to the budgeting process? I had my doubts, but I gave it a try.

Let's just say I sat down in my recliner one night with the book on my tablet, and next thing I know, it's an hour later and the book was finished. I couldn't put it down!

And you know what? I got so much out of it!

It's Your Money is based upon the same principles as FPU, but it spoke to me and encouraged me in ways FPU couldn't:

  •  Eric and Kelsey are the same ages as Pete and I, and we got married around the same time; no offense to Dave Ramsey, but he's...umm...well, older. We're at different stages in life, and that plays a huge part in your monthly budget.
  • In case you haven't noticed, the economic situation today is not what it was years ago. Hearing Dave talk about 12% interest for savings accounts is not easy to find these days; knowing that Eric and Kelsey are achieving their goals in relatively the same financial market that we are is encouraging. If they can do it, why can't we?
  • They made similar mistakes to what Pete and I have made. We haven't been on the brink of bankruptcy like Dave and his wife were, but we still had finances out of control for awhile. And we're still making mistakes today, even while we're making progress on our goals. 
I think my favorite part of the book was when Eric was talking about when he wanted an iPhone while they were still making progress on their goals. He talked about how important it is to celebrate milestones and progress. Those aren't always words I hear when talking about finances, but for a free spirit like me, it was so encouraging! I do better with goals if I get to celebrate often; it keeps me motivated to keep up with the hard work. Having him say that and knowing that they have their six months of living expenses saved up (the goal Pete and I are working on) and are now on their next goal, just made me feel like it is okay to splurge sometimes, and that it's not going to deter from us still making progress. Wanting to celebrate milestones is hard wh
en you're married to a financial nerd...but sometimes he lets me do it anyway :)

This book would be great if you have never attempted a budget, if you're struggling sticking to a budget, or are a seasoned budgeter and are on to other steps. If you're familiar with the Williamses' financial story or FPU, you will still find something new and exciting to apply to your financial situation. 

To get your own copy, head over to Amazon to grab it for Kindle or get a hard copy! I hope you enjoy it as much as I did!

You can read my other Financial Friday posts here.

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