I don’t know about you, but for years I have struggled with the concept of managing money. I’ve never been very good at it, and have found that the mismanagement of money is one of the main issues within marriage.
Mary Hunt’s book, 7 Money Rules for Life, is spoken from true experience. Mary found herself in a multitude of debt early in life, which then flowed right into her family after she got married. She outlines what she learned along the road of paying down “toxic” debt and teaches us the WHY behind the what.
The 7 rules seem fairly simple:
- Spend less than you earn.
- Save for the future.
- Give some away.
- Anticipate your irregular expenses.
- Tell your money where to go.
- Manage your credit.
- Borrow only what you know you can repay.
Simple, but not easy. Mary goes into depth about each area and explains why it’s important for us to take charge of our finances. It is told from a Christian woman’s viewpoint, which really got me excited about reading it. Her story and her passion convicted me to begin the process of correcting my own financial mistakes (and habits) and to really start taking initiative in my family’s financial life.
I recommend this book for anyone wanting to improve the financial situation in his or her family’s life. It’s the first book about money that I’ve been able to focus on… an easy read and straight to the heart of the issue. She even offers a free 6-month membership to her website, Debt Proof Living, for those who buy the book.
Available January 2012 at your favorite bookseller from Revell, a division of Baker Publishing Group. You can learn more about Mary Hunt and 7 Money Rules for Life, and you can also purchase your copy here: 7 Money Rules for Life.