Customer Reviews

Don't Spend Your Raise : And 59 Other Money Rules You Can't Afford to Break

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Having struggled with substantial credit card debt and personal problems over the last few years, I turned to Dara Duguay's "Dont Spend Your Raise And 59 Other Money Rules You Can't Afford To Break" for sound advice on budget and financial planning. I found it to be absolutely invaluble. Ms. Duguay not only provides the black letter rules that help with day-to-day and month-to-month spending decisions, but she also pares them with real life stories that bring the rules to life. For example, she advises consumers to set aside money for an emergency fund, and then tells the story of poor Brendy who had to take job at Starbucks after her boyfriend left her just to pay the monthly bills.

Like I said, an invaluable book....for yourself....or for your kids who are just graduating from high school or college.

I have been reading lots of these types of books of late so I feel that i have a pretty good sense of what is good and what is not.

Here is tip number 61: dont buy this book, it is so simple and basic that only a 15 year old starting out with his first job could possibly find the content useful. Instead I would purchase "The Wealthy Barber," a useful and timeless classic, and its Canadian content is a plus.

If you are still curious then follow this advice instead, go to the bookstore and spend 10 minutes reviewing the headlines in each chapter. There is not much more depth beyond those words.

Tackling personal finance as a young adult is extremely difficult, especially if you don't know where to start. As a recent college graduate with too much debt, too many credit cards, and too little income, I was looking for a way to get myself on track. I picked up a copy of "Don't Spend Your Raise" and immediately discovered that I couldn't put it down! Ms. Duguay's recommendations have been so helpful to me. Do yourself a favor and spend the twelve bucks on this book. It might save you thousands down the road..

I had the opportunity to hear Ms. Duguay speak about this book after I read the book. Granted, she is a very good speaker, but just like in the book, failed to provide tools to address specific financial issues.

All of the ideas Ms. Dugauy advocates are great for a general idea of how to maintain/achieve financial security. However, no plan of attack is suggested. My experience has been that if one is so lost in financial debt or has little financial experience, they need a specific plan or at least be told where to start.

In general, good ideas, but don't count on the book to be an answer to your financial woes unless you are extremely diciplined and creative in setting up your own plan.