I'm going to go pay off all my debt now and get a raise, hoohah murica! There was no mention of Mint, YouNeedaBudget, or the Dave Ramsey method. I mean, it was fine. The book is full of practical advice about saving, wealth-building, and important conversations to have with partners and family. The book is full of challenges to complete so you are aware of your complete financial picture as well as saving some extra dollars. This may explain the lack of depth. But I like reading about personal finance because it helps me stay conscious about my personal budgeting. So this book was a must read for me.
Interwoven among 52 brand-new money diaries will be weekly financial challenges to encourage you to take immediate action. This book barely touches on those issues, or the issue of balancing work and family, or the issue of wage stagnation, or the fact that some of us aren't interested in being exceedingly wealthy one of Stanberry's admitted goals but want to have a decent life now while also ensuring we're not out in the cold when we're ready to retire. Then for a week, they log how much money they spend each day. I did enjoy the chapters on navigating personal relationships with finances, negotiating higher raises, and the importance of saving for retirement. It arrived on Friday and I was finished by Sunday.
I mean, it was fine. And speaking of unrealistic, the final nail in the coffin came near the end of the book, when Stanberry advances the idea you should have saved an amount equal to your salary by the time you're 30. Horribly depressing and honestly tortured myself too long reading the money diaries that do not look at all like my life except maybe the one of the low paid teacher. The investment chapter was also such a disappointment and Stanberry was not very reassuring considering how much she parlayed off the work to others. To that end, I will admit my privilege here as well. For years, I have been an undercover stan of R29's Money Diaries. Each ticket includes a copy of the book.
Refinery29's hugely popular franchise Money Diaries offers readers an up-close-and-personal look at the financial lives of millennial women from all around the country who share every detail of their spending over seven days-even the purchases they hide from partners and friends. Some will be simple choose a money mantra , others more challenging learn how to rollover your 401 k. The most annoying of these blind spots is author Lindsey Stanberry's assumption that we're all out here just throwing money away, eating out all the time, buying really frivolous items, and taking cabs and Ubers constantly. How about some advice they can really use? I also loved how most actually I think all of the financial experts interviewed and profiled in the book were women. I think a lot of people would find some or all of it helpful, and I appreciate that it was written in easy to understand language that broke down things like establishing a 401k, researching and choosing a health insurance plan, and purchasing a home in step-by-step chunks that would make sense to any reader. Abstract: Money Diaries, the breakout series from Refinery29, offers readers a revealing and often surprising look at the personal finances of others: what they spend, how they save, and even the purchases they hide from their partners and friends. I a I love reading Refinery29's Money Diaries so I had to pick up this book and check it out.
The 20-something year old's with six-figure salaries were giving me extreme loser feelings until I learned how much they get taxed and how little of that they take home. I was expecting this to be more like the Money Diaries account, and while I really liked this, but I do feel like it just touches the surface while the account has helped me go deeper. The financial advice was suspect and the graphic design of the book was an eyesore after a while. That said, this book is about 40% Money Diaries and 60% everything else. Yellow is not the best. Through a variety of lifestyle stories, original video programming, social, shareable content, and live experiences, Refinery29 provides its audience with the inspiration and tools to discover and pursue a more independent, stylish, and informed life.
While I wholeheartedly agree this mission, it does not automatically align with wise personal finance decisions. And now, the series creator is taking the franchise offline for the very first time with the ultimate financial resource for these young women: The Refinery29 Money Diaries. Refinery29 is the leading digital media and entertainment company focused on women with a global audience footprint of 550 million across all platforms. This book isn't a silver bullet to understanding finances, but will do a good job at putting you on the right track without scaring the personal finance ingenue. Pick a different color next time! I understand why there was backlash — but I also think that shaming people is just going to make them more reluctant to be transparent. However, there are tidbits of information that everyone can benefit from, including ti For years, I have been an undercover stan of R29's Money Diaries. Still, despite all my complaining, this book was entertaining and I did find it useful in helping me clarify my own financial goals.
The first step to getting your financial life in order is tracking what you spend. Looking forward to seeing more from this author. Typically for folks starting their personal finance journey I'd recommend I Will Teach You To Be Rich by Ramit Sethi, but I felt this book was more digestible, positive, and less intimidating in tone and tact. Also noted: the couple has a high enough income to wipe out both debts completely in less than a year, but chose not to — nor does the book even hint at such a possibility. I'm older than the target audience for that advice, but I thought that they raised some good issues. Honest about the reality of starting life with debt hopefully only educational but does discuss consumer debt this book is a good one for a more complete overview of life goals a I just learned about the Money Diaries on Refinery29 and am slightly obsessed with them now and this book is a decent companion with follow-up and discussion on general personal finance. It is undeniable that money has changed in the last few decades.
Money Diaries, the breakout series from Refinery29, offers readers a revealing and often surprising look at the personal finances of others: what they spend, how they save, and even the purchases they hide from their partners and friends. The first step to getting your financial life in order is tracking what you spend. Interwoven among 52 brand-new money diaries will be weekly financial challenges to encourage you to take immediate action. I enjoyed reading the money diaries of individuals throughout the U. They mention the amount of money one would earn if they started investing early, but fail to discuss the amount of money one would save in interest if they paid more than just the minimum payments. I bought this book for a friend who just started working down their student debt. All of this is useful if you're new to the topic or just looking for a kind of refresher as I was , but this book also has some pretty big blind spots.
The plus side is it inspired me to track my own spending for the month aside from budgeted items. The other woman who read the money diaries gave this flat monotonous depressing tone to each diary. That said, my husband enjoyed it too! It is, by far, my favorite comment section. Whenever I walk into an apartment, I want to know how much the rent is. The challenges are a good way to get the ball rolling on taking a firmer grasp of your financial well-being, but the the savings goals attached will just not be feasible. This book has some good financial advice, but I'm surprised it doesn't provide readers about how to keep an actual financial budget.