Sunday, January 22, 2012

7 Money Rules for Life: A Book Review

About The Book:

In her warm and encouraging style, financial expert Mary Hunt shows you how to master the essentials to get your money under control and prepare financially for the rest of your life. She shows you how to apply each of the 7 Rules, starting today, as well as how to recover from past financial mistakes. With Mary on your side, you'll learn how to
  • Spend less than you earn
  • Save for the future
  • Give some away
  • Anticipate your irregular expenses
  • Tell your money where to go
  • Manage your credit
  • Borrow only what you know you can repay
Money mastery isn't hard when you know the rules. Let 7 Money Rules for Life change your future from uncertain to rock-solid--no matter what your income level.

You can read an excerpt of 7 Money Rules For Life here, in PDF format.

About The Author:

Mary Hunt is founder and publisher of Debt-Proof Living (formerly Cheapskate Monthly), which has 35,000 print subscribers and an average of 800,000 website hits per month. Her books have sold more than a million copies, she is the financial columnist forWoman's Day magazine, and her daily newspaper column is syndicated through United Features. Hunt speaks widely on personal finance and has appeared on shows such as OprahGood Morning America, andDr. Phil. She and her husband live in California.

My Review:

Although I have been in the working world since I was a teenager, and collecting debt along the way, its only in the last couple years that my husband and I have become really serious about the repayment of said debt. Yes, we have known its there, and holding us back from doing things we have really wanted to do, but really did not know how to get control of the debt and get out of it.

In the last year I have had the opportunity to read a number of books, websites, and articles that deal with debt repayment, financial advice for families and saving for the future. One book that I have recently read is 7 Money Rules for Life by Mary Hunt.

The book is loaded with a lot of information, and though initially overwhelming, particularly if you are new to researching getting out of debt, it is something all of us needs to learn about.

7 Money Rules for Life is very well written, easy to understand and extremely well organized. For summary sake, the seven rules are:

1. Spend Less Than You Earn
2. Save For The Future
3. Give Some Away
4. Anticipate Your Irregular Expenses
5. Tell Your Money Where To Go
6. Manage Your Credit
7. Borrow Only What You Know You Can Repay

I don't want to give too much of the book away but suffice it to say that if you have no experience with budgeting, money management, or the like, you NEED to read this book. It is actually perfect for the young adult just starting out on their own, or those who have debt and no idea how to dig out of it.  The book is a good start to give you the basics of getting your finances in order. There are other authors out there though that go into way more detail and help you fast track your debt repayment in a way that is more drastic, and personally that is what most of us need but Hunt's book is great for the basics. 

I highly recommend this book and give it a huge thumbs up.

BUY IT: You can purchase 7 Money Rules for Life at your favorite bookseller from Revell, a division of Baker Publishing Group

***I received a complimentary copy of this book, courtesy of Baker Publishing Group and Graf-Martin Communications Inc., for the purpose of review on this blog. All opinions expressed are my own, and I have not been compensated in any other manner***

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