Tuesday, May 22, 2012

Book review: Dollars & Uncommon Sense: Basic Training for Your Money by Steve Repak

I really enjoyed this book. It is written in approachable manner with a great sense of humor yet without sugaring up some of the tough parts.

This book is aimed at those who live paycheck-to-paycheck and think that they just can't afford to save money. Steve Repak will show them how.  Using his unique mix of skills as a motivational speaker and a drill sergeant the author teachers the readers how to take control of their spending and become a saver.


This book is not abstract and theoretical, the author is very specific and practical. The author builds on a premise that you don't have to make a lot of money to have a lot of money.  And then shows the reader how to do it.  Making more money won't solve people's spending problems. No matter how much more  someone makes, if this someone spends more than they make they will have no money and be in trouble. One needs to learn to spend money differently.

The book starts with strategies for saving and finishes with investment strategies for keeping the money you saved.  It also contains worksheets he uses in the book for monitoring spending and budgeting.  At the end of the book there is a glossary with financial terminology with excellent explanations.  The author also includes a list of useful websites, places where you can find best rates, your credit rating, a site which will help you determine if need flood insurance, and many more.

Steve Repak has been a CPA for 12 years, before he took control of his finances he was deeply in debt and living from paycheck to paycheck himself.  What he discusses in the book is not a theory, it is a situation he can relate to and was able to deal with himself. He is genuine, he straightforward, he is right.

Highly recommend.


You can find it on Amazon by following this link.


Ali Julia review ★★★★★

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