4 of 4 people found the following review helpful
Up to date advice on money and sustainability...,
This review is from: The New Frugality: How to Consume Less, Save More, and Live Better (Paperback)
There have been hard economic times in the past. People had to learn to live on less and be content with what they had. But then...the good times came back, and we gradually went back to our spendthrift, wasteful ways.
Chris Farrell thinks this time will be different. He believes that this recent economic turmoil may be the beginning of "The New Frugality." Paying off debt and living within our means will be "in". Making a large down payment on a home, and having an emergency savings account will be standard procedure.
Maybe you believe that, maybe you don't. But either way, this book is helpful. Farrell covers similar territory to other money books (budgeting, borrowing, investing, saving for college, retirement funding, charitable giving, etc), but since it was recently published in 2010, this is one of the most up to date ones I've read. And instead of focusing on "cheap" solutions, he focuses on sustainability. For instance, buy the low energy appliance even though it costs a bit more, buy the expensive coat so it lasts for the next 20 years, instead of buying multiple cheap coats, etc. He also stresses doing what you love, even if that means a lower paycheck.
I would recommend this book to anyone interested in improving their finances, and living a simpler, sustainable lifestyle.