How to Prioritize Which Bills to Pay When You’re Struggling

How to Prioritize Which Bills to Pay

Here is the next installment in our the Reader’s Questions Series which highlight questions emailed to me by you, the readers of Money Q&A. Be sure to find out at the end of this article how you can receive a free copy of Dave Ramsey’s book, The Total Money Makeover if your money question is chosen to be featured on an upcoming week’s blog post. If you’re not familiar with Dave Ramsey’s book, you should run right out and get it. It is one of my the best personal finance books that everyone should read. Now….our reader’s question. If you are in financial trouble and tight on funds, how do you prioritize which bills to pay and which to leave until next month? There eventually may come a … Read more

The Ultimate Guide to the Dave Ramsey Baby Steps You Need to Know

Introduction To Dave Ramsey Baby Steps

Here is the ultimate guide to truly understanding the Dave Ramsey baby steps he talks about in his best-selling book, The Total Money Makeover. Learn how to build an emergency fund, get out of debt, invest, and start to gain financial independence. I’m always asked about how to start or where to start if you are struggling with your finances. If you have a mountain of credit card or student loan debt or a slew of other financial problems, it can be very intimidating where to start. That is why I always recommend that people start with Dave Ramsey. I’m a huge Dave Ramsey fan and his book, The Total Money Makeover. It is one of my top ten personal … Read more

Dave Ramsey’s Baby Step 7 – Build Wealth and Give

Get a free book such as the Total Money Makeover

I’ve written extensively about Dave Ramsey’s baby steps here on Money Q&A. You can see my overview of Dave Ramsey’s baby steps system in his book, The Total Money Makeover. There are seven baby steps that you should follow in order that will lead you to financial peace that he discusses in his book which is one of the Top Ten Personal Finance Books of all time that you should be reading. In this blog post, we discuss baby step 7. Dave Ramsey’s baby steps are… Baby Step 1 – $1,000 Emergency FundBaby Step 2 – Pay Off All Of Your Debt With A Debt SnowballBaby Step 3 – Fully Fund Your Emergency FundBaby Step 4 – Save 15% Of Your Income For RetirementBaby Step 5 – Save … Read more

The Best Personal Finance Books that Must Be on Your Bookshelf!

Top 10 Best Personal Finance Books

Whether you are looking for a great present for a loved one this holiday season or just want to learn more about taking control of your finances, any of these ten personal finance books listed below are a great choice. In fact, they should already be on your bookshelf or nightstand. These are the top ten personal finance books that everyone should read. The best personal finance books: The Total Money Makeover The Automatic Millionaire The Intelligent Investor The Millionaire Next Door The Other 8 Hours (TIPS) The Wealthy Barber Your Money or Your Life Crush It The Richest Man in Babylon Beating the Street 1. The Total Money Makeover by Dave Ramsey If you didn’t know that I absolutely … Read more

Dave Ramsey’s Baby Step 6 – Pay Off Your Mortgage Early

Baby Step 6 with Dave Ramsey

I wrote an overview of Dave Ramsey’s baby steps system from his book, The Total Money Makeover, and I have been dissecting each of his individual baby steps as well. Today, we’ll talk about baby step 6, paying off your mortgage early. The Total Money Makeover is a personal finance book that I highly recommend and one of the greatest personal finance books to read. Today, we will look at Baby Step 4 in more detail which is to invest 15% of your income for retirement. There are seven Dave Ramsey baby steps that you should follow in order that will lead you to financial peace. Dave Ramsey’s baby steps are… Baby Step 1 – $1,000 Emergency FundBaby Step 2 – Pay Off All Of Your Debt With … Read more

Book Review – Simple Money – A No Nonsense Guide To Personal Finance by Tim Maurer

Simple Money – A No Nonsense Guide To Personal Finance by Tim Maurer

Simple Money – A No Nonsense Guide To Personal Finance by Tim MaurerPersonal finance shouldn’t be hard. We tend to make it harder than it needs to be. We get scared to make a decision for fear that we will do something wrong and make irrevocable errors.

In “Simple Money – A No Nonsense Guide To Personal Finance” by Tim Maurer, the author breaks personal finance down into its simplest form. Tim Maurer walks the reader through his or her personal finance choices. The book makes people look at the “why” of their personal finances and money decisions.

Why do we make the financial choices that we make? What motivates us to spend or save money? These questions and much more are discussed in detail in the book.

Tim Maurer makes a statement in the beginning on the book that is very poignant. He says, “Personal finance is more personal than finance.” And, a truer statement has never been said. It is personal, and that’s what “Simple Money – A No Nonsense Guide To Personal Finance” is all about.

What choices are you making and why? What choices should you make about your finances and why? Tim Maurer breaks it down in clear, easy to read and practical advice.

Simple Money: A No-Nonsense Guide to Personal Finance Price: $10.87 Simple Money: A No-Nonsense Guide to Personal Finance Full Disclosure: We earn a commission if you click this link and make a purchase, at no additional cost to you. Last Updated: 10/24/2018

Simple Money – A No Nonsense Guide To Personal Finance

Many personal finance books try to teach you about money. Other books look to help you find your purpose and how money fits into that goal. It’s rare that a book tackles both and tackles them well. Dave Ramsey’s “The Total Money Makeover” is one. And, Tim Maurer’s book, Simple Money – A No Nonsense Guide To Personal Finance is another.

I can see many similarities between the two books and their philosophies. So, if you like Dave Ramsey, I think that you will really enjoy “Simple Money – A No Nonsense Guide To Personal Finance”.

The Five Parts of “Simple Money”

Simple Money – A No Nonsense Guide To Personal Finance” is broken down into five sections that make this book a great tool for people looking to take control over their finances.

  • Part 1 – Planning for Life
  • Part 2 – Planning for Today
  • Part 3 – Planning for the Inevitable
  • Part 4 – Planning for the Unexpected
  • Part 5 – Planning for Action

Part 1 – Planning for Life

Not only is Simple Money – A No Nonsense Guide To Personal Finance easy to read, but it also has great graphs, charts, and illustrations to make the point hit home with the reader.

Part one is a great opening to the book that sets the stage. It walks the readers through goal setting and how to accomplish some of the many financial tasks that you will find throughout the book. Like Dave Ramsey’s book, you’ll also find chapters in this section that talk about your values and your life’s calling and how they intertwine into your finances.

Part 2 – Planning for Today

Part two talks about where you currently stand. It discusses your current financial situation and asks you to take a good, hard look at your finances. You have to know where you are starting from in order to improve.

How much debt to you have? What are the different types of debt that you have? How much are you investing? Do you have your financial priorities straight?

These are all things that you will find in this section. It sets that stage and gets the ball rolling for the rest of the book and the tools and techniques that you will need to implement.

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