If you are not convinced that saving is the best path to financial prosperity, TheSmartestWay to Save: Why You Can’t Hang on to Money and What to Do About It wants to convince you. The 205-page book persuades with facts, quotes, and lessons that are down-to-earth and basic. Following all their advice is the hard part.
TheSmartestWay has 23 chapters broken into three sections: your money and you; your money and others; and your money and the world. The book starts with the basics of why credit card debt is bad, how to develop spending and saving discipline and asks 19 questions to gauge your current spending savvy.
It offers advice on creating money harmony at home, including showing the other person they are more important than money, getting consent for major purchases, and being honest about money.
TheSmartestWay also has tips on bargain shopping, where to find good deals, and shares a list of 10 questions you should ask yourself before you try on a piece of clothing. They are so useful I’m sharing them here.
1. Do I really need this item?
2. Is it priced well for the value?
3. Can I afford the expense right now?
4. Would I wear it lots of places often?
5. Is it the right size?
6. Does it fit the image I’m trying to project?
7. Does it coordinate with my other clothes?
8. Is it made well enough to last several years?
9. Would I wear it several years from now?
10. Would I regret not buying it?
I recommend this book if you lack motivation but want to start budgeting or spending less. TheSmartestWay covers a lot of ground but is not overly technical. Amazon sells it for $13.25.
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