So many books on how to manage your finances are so technical and, well, just boring! Not Living the Savvy Life: The Savvy Woman's Guide to Smart Spending and Rich Living by Melissa Tosetti and Kevin Gibbons! Melissa actually puts money management into words women can relate to...like "wardrobe", "beauty", "food", "entertainment" and "home". I mean come on, what woman doesn't want to manage her money better so she feels free to invest in a beautiful, functional wardrobe or a well-designed home. Ok, so maybe you're not into fashion (though I think anyone reading this blog is). Some women aren't. But that is what is so great about this book. It teaches you how to save on areas that aren't as important to you so that you have more money to spend where it matters.
Maybe you are perfectly happy with a minimal wardrobe and pared down interior but are a food loving world explorer who wants to try every cuisine in the country or region it is indigenous to (really cool idea actually). You can do it! All it takes is saying no to what's not important so you can say yes to what is. Living the Savvy Life will help you put it all into perspective and show you how to discover your personal passions and financial priorities...there is an entire chapter entitled "What is Important to You" that includes a questionnaire for each basic area of your life. By taking some time and answering this questionnaire in full, honest detail you can determine exactly what is most important to you (not to your friends, not to society) at this time in your life. Once you know what is important to you, you can better decide how to spend your money.
The authors of LTSL know that the first step to being savvy is being organized. You will be aided in organizing your closet and pantry and will be given practical tips on setting up systems so you know what you have at all times. How to set up a bill paying system, checking account management system and manage credit card debt are all covered and of course, it wouldn't be a book on savvyness if it didn't include that little well-known concept of "pay yourself first" (retirement funds and savings accounts ladies!). And if you just really do want more information on how to grow your hedge fund, well, that's not actually covered by the authors but they tell you where to find sources that do cover such in-depth subjects in the "Favorite Resources" section! --Bobbie Michelle Harman, of Euro Chic http://eurochic.wordpress.com/2010/12/09/living-the-savvy-life/
Money affects every aspect of our lives. It affects how we dress, where we live, what we eat and how we spend our free time. It affects our emotions and enhances or detracts from our enjoyment of life. Effective money management is about so much more than just 401(k) contributions and saving money at the grocery store.
No matter how much or how little money you earn, the key to financial success is to spend less than you make. However, the majority of Americans spend unconsciously, wasting money on purchases that give them little satisfaction for their investment. Living the Savvy Life teaches how to create habits and routines that allow you to build and manage your finances effortlessly. By learning how to focus spending on what is truly important to you and economizing on those things that are not as important, you can successfully manage your personal finances and enjoy life regardless of your level of income.