personal finance books

This post is from staff writer Sierra Black. Sierra writes about frugality, sustainable living, and getting her kids to eat kale at Childwild.com.

It took me a long time to get through The Money Book for Freelancers, Part-Timers, and the Self-Employed. That’s not usually high praise for a book, but in this case I mean it to be. It took me a long time to read because it was so darn useful. I had to keep stopping to go do the exercises the authors suggested. Now my files are organized, my retirement funds are set up, and my favorite bookmark is free to be slotted into the next finance book I read.

Writers Joesph D’Agnese and Denise Kiernan have been freelancing a long time. Along the way, they’ve made all sorts of mistakes with their finances, but they’ve also gotten to a place where they have a stable, smooth financial system that works. As journalists, their work has appeared in The New York Times, The Wall Street Journal, Wired, and a dozen other places. Now they’ve turned their considerable writing talents to sharing their financial expertise. It’s a winning combination.

Freelancers are People Too

The basic principles of money management are the same, no matter which book or expert presents them. What changes is how the information is presented, and how likely you are to be motivated to follow the advice. The Money Book for Freelancers is special because it frames simple money management wisdom in a way that makes sense for freelancers and contractors.

Independent workers have special financial needs. It was a huge help to me to see them laid out in black-and-white. I knew abstractly that I should be saving for retirement, for example. Now I know the details of an SEP-IRA, how it differs from a Roth IRA, and why a self-employed person can benefit from having both accounts. I now have a percentage of my income set aside for retirement each month instead of a flat dollar amount.

The beauty of The Money Book for Freelancers is the organizational system it brings to sound money principles. The authors advocate a system of dedicated bank accounts very like the one I’ve been using for the past year. (J.D. uses a system similar to this, too.)

To whit:

• You want one account at a local bank that you use for your deposits, spending, and daily cash flow.




• You have savings accounts dedicated to particular goals that you keep in a high-interest savings account at an online bank.




• The core of their system is a Holy Trinity of Savings Accounts that includes an Emergency Fund, a Tax Account and a Retirement Account.

For most people at a traditional job, the employer handles the bookkeeping related to taxes and retirement. You may want to add additional retirement funds like a Roth IRA to your retirement portfolio, but at its most basic, retirement accounts and taxes are handled by your company. Doing it yourself isn’t that complicated, but it can seem intimidating. If you’re starting out like I am, it’s nice to have someone hold your hand through getting set up.

The other great thing about The Money Book for Freelancers is the writing style. D’Agnese and Kiernan are like personal trainers for your financial life. They’re constantly cheering you on to stretch your abilities and resources, while candidly holding you accountable for your choices. Whether you freelance or not, their attitude is refreshing. If you do freelance, you’ll likely find their life lessons and anecdotes eerily familiar.

Keep It Simple

The weakness of this book is its authors’ love of complexity. They often recommend multiple accounts in places where one would do. For example, harkening back to the example above, they recommend two or three retirement accounts for each self-employed worker: an SEP-IRA that functions a lot like a 401K, a Roth IRA, and a taxable brokerage account. For most of us, that’s overkill.

I make a decent salary freelancing these days. Even so, if I succeed at saving 10 percent of my income for retirement this year, I won’t save more than the $5,000 I can put into a Roth IRA. There’s no reason for me to maintain other accounts unless my income and savings jumps to a point where I’ve capped out my contributions to the Roth. I really don’t need an SEP-IRA, and won’t until my income is double my current one. While a lot of freelancers make enough money to worry about SEP-IRAs, most people are probably served just fine by a Roth IRA, and maybe a traditional IRA to pick up additional retirement savings in a good year.

Likewise, the authors’ focus on saving for retirement before paying off debt probably means paying more interest over the long term. Yes, it’s good to establish good habits. Freelancers especially need to rely on their own savings practices. No company pension will save you if you screw it up. But saving up a big emergency fund and a retirement nest egg while you’re recovering from credit card debt can be penny wise and pound foolish. A lot of pounds of foolishness, depending on how much debt you have and what interest rates you’re paying. I’ve recently shifted some of my own debt snowball to savings, but my remaining loans are all very low interest (under 5%), and I’m willing to pay a little more interest in exchange for building up a secure emergency fund.

The Bottom Line

I’d like to see this book take a somewhat more streamlined approach to financial savvy. If you’re self-employed, especially if you’re just starting out, there’s plenty of good in here. It was well worth the read, and I got a lot out of the exercises. I’d just recommend it alongside another basic money book like J.D.’s Your Money: The Missing Manual or Dave Ramsey’s The Total Money Makeover.

Probably the ideal system for any individual will be a hybrid of what various experts offer. D’Agnese and Kiernan have some wonderful ingredients in their soup, but don’t follow the recipe blindly.

This post is from staff writer April Dykman.

Last year I wrote about the stereotypes perpetuated by many personal finance books written for women, especially that women like to “shop till they drop.”

As I mentioned in the article, a Consumer Expenditure Survey showed that women and men spend the same amount of money, just on different items. Women spend more on clothing and men spend more on restaurants, gadgets, and transportation. Also, a Stanford University study found that incidents of compulsive shopping were almost the same among men and women (6% for women, 5.5% for men).

But where women are actually falling behind is retirement. Women earn less over their lifetimes and live longer, so I wondered why some of these personal finance books for women were focusing on a stereotype that women have a problem with overspending instead of on serious, documented issues like retirement readiness?

This isn’t to say that there aren’t any good money books for women out there. I fully admit that I haven’t explored genre myself because the cutesy titles and pink cover art on some of the books was enough to put me off of it entirely. But after writing that GRS post, a couple of female authors contacted me to ask if I would be interested in reading their personal finance books. I figured, why not? I’m complaining about the genre, so let’s explore it and see what’s out there.

The Savvy Life Philosophy

The first book to arrive in my mailbox was Living the Savvy Life: The Savvy Woman’s Guide to Smart Spending and Rich Living by Melissa Tosetti and Kevin Gibbons, who also run The Savvy Life online magazine.

Living the Savvy Life focuses on finding balance, not becoming a tightwad or cheapskate. The philosophy isn’t anything new for most long time GRS readers: “Save money on the things that aren’t as important to you so you can afford to spend money on the things that are important to you.” The writers break this down into the following six manageable savvy habits:

1. Pay yourself first. Save 20% of your income (15% for retirement and 5% for emergency savings) and enjoy the rest.




2. Track your spending. The authors use an Excel spreadsheet, but later go into detail about other ways to track spending.




3. Pay all of your bills on payday. This ensures you’ll have the money to pay your bills, eliminates late fees, and creates a routine that gives you more control over your finances. They even recommend filling up your car with gas and purchasing your groceries as close to payday as possible.




4. Set financial goals. What big-ticket items are in your future? Research the actual cost, create a visual reminder, and open a savings account dedicated to your goal. Set a realistic date for achieving it.




5. Know when to invest and when to bargain shop. Before you buy something, consider what you need it for and how long it will last.




6. Spend money on the things you truly want. Sometimes it can be difficult to distinguish between what you want and what advertisements tell you you should want. As you approach the checkout counter, no matter what type of store you’re in, take a look at the items in your hand or in your cart and ask yourself if they are things you intended to purchase before you came in the store and whether you really want them.

The next chapter, titled “You Can Afford It”, was one of my favorite parts of the book. Tosetti and Gibbons write:

“Stop saying you ‘can’t afford it.’ The fact is that you can. If you made more money, you could. If you didn’t have a car payment, you could. If your mortgage was lower, you could. There may be caveats, but you can afford anything! Being able to afford what you want is about choices. Whether that choice involves doing something to make more money or lowering your cost of living, you chose to work in a career earning your current salary. You chose to buy the car you drive. You chose to live in your current home. The point is that you are in charge of your money. Money in and money out—you make the decisions.“

The authors go on to give several case studies of people who improved their salary, increased their income in other ways, focused their spending, and changed their attitudes about money.

In the next several chapters they break down spending categories—home, entertainment, wardrobe, beauty, food—to help you decide how important they are in your life (if at all) and offer money-saving ideas. The last eight chapters are dedicated to more personal finance information, such as organizing your finances, ways to pay down debt, an explanation of compound interest, how to use credit responsibly, and other financial rules of thumb. There also is an exercise to help you determine your ultimate goals in life, create a plan to reach them, as well as tips to stay motivated during your journey.

Recommended, with reservations

All in all, I like this book. It presents personal finance in terms of lifestyle decisions, which makes it easier to understand and more practical. Several of the examples from the authors’ own lives sounded familiar to my own financial journey. For example, they write that their trip to Disney World was a powerful lesson on how they could focus their spending to do the things that were really important to them. For me, my trip to Italy was what made me think hard about how I was spending my money—I’d been bitten by the travel bug.

This book is perfect for the woman who is just starting to show an interest in her finances, but might be nervous that being financially savvy means being a miser. Even those who have read a personal finance book or two are likely to pick up new ideas. For example, one of my favorite tips was to create a dedicated area in your home for managing your money and to make the space as inviting as possible. It’s the difference between two scenarios:

1. Getting frustrated as you try to hunt down bills, receipts, checks, postage, and envelopes to hurriedly transfer money or get checks in the mail at a crowded kitchen table, or


2. Sitting down at a desk with all of those things in their place, a framed photo of your last skiing trip (because you’re saving up for the next one), and a cup of tea.

Too often, my money management “space” is more like the former than the latter.

My one gripe with The Savvy Life is that I wish the authors had placed more emphasis on retirement issues unique to women. While they do cover retirement, I would have liked for them to drive home the importance of it even more. When I learned about the obstacles that women face when it comes to retirement savings, it was eye-opening—almost scary. I think it’s easy for that message to get lost among the examples of more exciting goals, such as houses, cars, travel, etc. Retirement sounds downright boring in comparison.

Nevertheless, The Savvy Life packs in the essential information along with smart tips, and I liked the friendly and conversational tone. I wish I could have read it years ago—like maybe the day I graduated from high school.

Surface Encounters proudly guarantees buyer satisfaction and price tag installing granite assurance. “I’m normally skeptical going with new vendors, but your staff has made me a believer!” - Steve, Indianapolis

Surface Encounters is known as a fast-growing surface encounters provider and, still they've stored pace with the many recent consumer referrals. “This service is just about the most very affordable, reputable and pleasant companies from the overall state. I would propose them to anybody.” - Mike R., South Bend

A lot of operate goes into producing spectacular countertops from nature. The process involves laser measurement creative vein matching, precision diamond and water-jet cutting, edging and experienced set up. One particular can not merely call in their purchase for the customized countertop and also have it within daily or two. Top quality normally requires time.

Surface Encounters encourages men and women to visit a showroom to study a lot more about normal stone countertops. Moreover the selection and fabrication method, some other critical aspect of consumer care is making sure a person understands how you can care for his or her granite countertop to keep it wanting new for decades to come.

Granite is really a stunning normal stone product or service which is a well-known substance used for countertops and floor tiles in kitchens and bathrooms. Granite has surpassed marble in recognition considering that is it much more sturdy and less difficult to treatment for. Granite is unmatched by synthetic merchandise for its strength and sturdiness, tolerance to temperature modifications and resistance to stains and scratches.

Granite is mostly a by natural means formed stone that is quarried from deep inside earth, harvested, lower, polished, sealed and installed in households to add attractiveness, elegance and model. As a result of it is just a pure solution, no two slabs are particularly alike. Granite is obtainable in a number of shades through the a variety of minerals that are identified during the rock. Due to the fact it arrives from throughout the entire world, different areas and environmental reasons allow it to be distinct.

Granite is largely created up of quartz crystal, nevertheless it also is made up of a variety of quantities of other metals which includes feldspar, mica, copper and iron. Some granite may possibly contain bits of gold or silver. The quantity of each and every metal depends about the region it arrives from. All granite is shaped right into a complicated stone by warmth and strain. Rain adds other minerals since it is forming. Its offered throughout the planet, in each individual country, and each and every area will make a surface encounters special number of granite.

Surface Encounters state-of-the-art machinery makes sure the greatest outstanding finished merchandise as they layout and generate several of the finest kitchens and bathrooms. Granite Countertops enrich the warmth and splendor of homes whilst rising their value and increasing lifestyles.

Surface Encounters is also concerned with worker morale; glad employees are more most likely to contribute to your good results of the enterprise. Also to currently being a effective organization and an individual that's amazing to get the job done for, Surface Encounters does their element to preserve our planet.

Surface Encounters does what exactly is precise for their people, staff and also the surroundings. Surface Encounters employs superior drinking water recycling capabilities to recycle up to 43,000 gallons of water every day. Furthermore, 100 percent of your scrap created in building beautiful kitchens and gorgeous baths is re-used as aggregate in street establishing, surface preparations and concrete.

The Columbus, Ohio Grand Opening of Surface Encounters features an artwork gallery showroom of Granite, Marble, Quartz and Engineered Stone counter tops. Retailer Supervisor, Scott Donnelly unlocked the doorways for the showroom at 4717 Roberts Road, just west with the I-270 Beltway. The Surface Encounters production procedure utilizes precision, automated know-how through the fabrication for the customer's personalized counter the best, these kinds of as: a laser measuring alignment that programs the diamond-tipped sculpturing blades. Surface Encounters' system comes with computer-driven software that perpetuates the stone's healthy veins. Every single Surface Encounter retail outlet has no less than one particular registered, interior designer to help you in building the completed challenge you might be searching for. The craftsmanship continues through the

Homeowners are deciding to remodel instead than promote their properties in today’s market place
Granite countertops are becoming a high option amid Wixom individuals for kitchen remodeling tasks. Kitchen remodeling is often the initial challenge tackled with families paying 3,000 hrs or even more each year within their kitchen. Granite countertops give an environment that enhances the good quality time put in with family and buddies. Granite countertops previous a lifetime and advance the high quality of households.

Surface Encounters Wixom save manager, Sal Dellacasa, says there are numerous good reasons customers are deciding on granite for his or her countertop demands. “Granite countertops add attractiveness and elegance to a kitchen. Granite is available inside a number of vibrant hues and rich textures and its strength and sturdiness is unmatched by any other all natural stone or artificial countertop material.”

Surface Encounters’ customers delight in pro service plus a pleasant, very helpful workers to guidebook them with the kitchen remodeling method. A lot of of Surface Encounters new consumers are referred to them by past potential customers.
"This enterprise is one of the most reasonably priced, dependable, and pleasant vendors with the total state. I would encourage them to any individual." Mike R. Clinton Twp., MI

"The corporation has constantly been there to help me in no matter what way likely. Thank you so much!" David V. Lapeer, MI


Surface Encounters Macomb will be the residence of half-off granite for kitchen and bathroom countertops. Granite countertops by Surface Encounters have easily turned out to be the major decision for Macomb residents who are remodeling their kitchens. Kitchen remodeling requires priority with families paying 3,000 hrs or more per year in their kitchen. Granite countertops supply an setting that enhances the high quality time spent with loved ones and buddies and improve the top quality of homes.

Surface Encounters Macomb retail outlet supervisor, Sal Dellacasa, says there are many causes shoppers are deciding upon granite for their countertop requires. “Granite countertops add magnificence and elegance to a kitchen. Granite is available inside of a selection of vibrant colours and rich textures and its strength and durability is unmatched by any other surface encounters organic stone or synthetic countertop materials.”

Surface Encounters’ clients love specialist services and also a friendly, valuable workers to manual them through the kitchen remodeling process. Numerous of Surface Encounters new clients are referred to them by prior prospects.