Tuesday, 6 January 2015
The Financially Confident Woman - Book Review
It didn't take me long to read and was for me a review of many sound principles that I had learned in earlier years. I work as a bookkeeper, but for some reason it is always easier to get someone else's cash flow in order than our own and I've been putting off wanting to get this area of my life organized. Having read this book though, I am now feeling empowered and enthused to endeavour to do just that.
It appealed to me because it is directed at women. Hunt is very honest about her own personal financial downfalls, the psychology behind the spending, alongside learning accountability for our spending habits. But it goes further than that, the book equips the reader with the know how to start the ball rolling to get things organized, to look at where the money is being spent, how to work out a debt repayment process and start saving for those unforeseen "emergencies" so that when they do happen, they don't have to cause the maximum amount of negative impact and stress.
Hunt doesn't promise a quick fix or an easy ride, but she does empower the reader with the confidence that even the most hopeless situation can be turned to hopeful. She also has a somewhat different approach in her priorities around money than many of the other financial advice books out there. She believes in the save, spend and give principle but the priority for these is somewhat different and I found it refreshing to look at this picture from a perspective of giving being her number one priority. Does this mean we should give everything away and live in poverty? No, but a plan to give consistently a decided upon amount should be part of the way we live, and whether you believe in God, karma, or just mean well, it is a sound principle to embrace.
The only down side was the fact that this is written for an American audience so some of the pension plans and tax information she mentions doesn't apply in Canada, however the principles are still relevant and can be applied. I would recommend this book as containing clear and attainable instruction on moving towards a healthy financial picture in your life.