By Bola Sokunbi
I started reading this book on my birthday. When I turned 22, I realized, I can no longer be excused and should take up the responsibility of being an adult.
Finance books intimidate me, for they are bulkier, loaded with all the information, let alone making me use some of the steps provided. That’s when I stumbled upon this book in the internet.
This book is a very beginner friendly guide to finance. As the name suggests it is targeted to help women, but in my opinion, it is a super friendly guide irrespective of gender.
The book starts by advocating the mindset to have a healthy finance. Money is not something too alien to avoid it, we must own up to it, and that is how we will make sure, that we don’t do great blunders with respect to it.
I was already tracking my expenses for the past one year. So, when the second chapter of the book was about getting organized about money, I felt confident that I am in the right path and also it sure opened up many psychological tricks to make money more fun.
In simple words, Bola covers the basics of budgeting, getting out of debt, using credit cards wisely, investing, creating back up plans, side hustles, and very essentially negotiating.
You need to be razor sharp and crystal clear with your goals and affirmations if they are to become your reality.
Paying off debt, using debt snowball method and debt avalanche method was quite interesting tips. So basically debt snowball method is about quick victories, where by you ought to pay the smallest debt first from the debt payment budget, and go on paying the others. The debt avalanche method lets you pay the high-interests debts first, reducing the overall amount of interest you pay.
Depending on your way of doing things, you can opt for either.
This is how the book works. It gives plans for people of different financial personalities to solve their problems and also to lose all their fear about having financial control. Also, the various chapters contains stories of women who faced similar problems and how they won over them.
A very good book if you want a head start towards managing your finance.
Rating: 3.5/5
Featured Image credits: clevergirlauthor
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