2012 Must-Reads to Keep Your Wallet Happy

books

Like most of us, you probably pledged to lose a little weight, get more active, and to get a better grip on your finances this year. Unfortunately, resolutions are much easier made than kept. If you’ve made a money-related resolution, but are having trouble staying on track, you might just need a little motivation.

Below, I’ve provided a list of this year’s must-reads. Feel free to leave a comment and share titles that you’ve found helpful over the years.

Saving/Wiser Spending

397 Ways To Save Money by Kerri K. Taylor

Are you looking for simple and effective ways to stretch your dollar? Look no further. The queen of frugal, Kerri K. Taylor, has put together this book and it’s filled with all sorts of tips and tricks for saving money today – and tomorrow. Taylor and her family have saved thousands by practicing their frugal ways, and now she shows you how you can too. She offers ideas on how to save by making minor changes. 397 Ways to Save Money includes advice on everything from homeowner’s insurance to vet bills to cutting back on entertainment costs.

Amazon says, “By combining commonsense thrift with an average Canadian income, Kerry paid off her student loan of $17,000 in just six months and has since saved a six-figure portfolio.”

The Smart, Savvy Young Consumer: How to Save and Spend Wisely by Pat Foran

This book is for young savers and spenders from the age of 14 to 34. It includes information on how to find your credit score, good debt versus bad debt, and tips on finding the best deals on cell phone plans, car insurance and apartment rentals. You’ll learn how to save on monthly bills, and which common investment strategies will work best for you. If you’re young and want to get ahead of the financial game, this is the book for you.

Investing

Against the Herd: 6 Contrarian Investment Strategies You Should Follow by Steve Cortes

In a day and age when going against the grain can feel riskier than ever, Cortes suggests that breaking away from the herd is just what you need to do. Cortes tells readers to be cautious of conventional wisdom, and “presents six alternative opinions on major international investment events.” More of an interesting read than a guide offering practical solutions, Cortes’ book is at the very least unique in its thinking.

No Hype: The Straight Goods on Investing Your Money by Gail Bebee

Gail Bebee’s book, No Hype, is an easy-to-follow, practical guide to investment. She will teach you how to build a successful investment portfolio, no matter how much money you have. You’ll learn how to keep investment costs down, how to pick the best stocks, bonds, mutual funds and exchange-traded funds, and how to choose the right financial advisor for you. Bebee will also show you how to avoid making common investment mistakes and teach you how to plan your finances for retirement – all while reducing the amount of tax you pay on those investments. A must-read for anyone who wants to make the most of their money.

Budgeting

The Budget Kit: The Common Cents Money Management Workbook by Judy Lawrence

If you have a financial goal for the year, you’ll need a well-planned budget in order to reach that goal. Never used a budget before? Don’t worry; Judy Lawrence’s The Budget Kit will teach you how. The Budget Kit offers advice on how to regain control of spending, while providing background information on investing. It contains forms and record-keeping tools, including:

  • Monthly budget worksheets
  • Debt repayment worksheets
  • Online information record
  • Medical expense record
  • Flexible spending record

Managing Debt

Crushing Debt: Why Canadians Should Drop Everything and Pay Off Debt by David Trahair

It’s a fact; Canadians are currently battling all-time high household debt. So isn’t it time to get your debt under control?

The average Canadian owes over $25,000 in consumer debt (which excludes mortgage debt), and that number is quickly rising. David Trahair warns Canadians about the risks of unmanageable debt and offers advice on how to get the problem under control. If you are currently one of the many Canadians who is struggling with debt, Crushing Debt will not only inspire you to face your problem, but also provide you with step-by-step solutions to help you get out of debt.

Related Topics

Personal Finance / Your Budget

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