Wednesday, February 27, 2013

Book Review: The Money Saving Mom's Budget

Book Review: The Money Saving Mom's Budget (Slash your spending, Pay down your debt, Streamline your life, and Save Thousands a year) by Crystal Paine

Crystal's book is an excellent book on living within your financial means, creating and living on a budget. It contains helpful resources. I appreciate Crystal's approach-slow and easy! She emphasizes to not try and do a complete overhaul overnight. She has an extremely thorough chapter on coupons. If you ever wanted help in using coupons, this is the book for you. At the end of the book, she also has an appendix on "10 tips for a successful garage sale" and "10 ways to earn an extra $100 per month."  There is also a list of websites and specific book recommendations on various topics.

A Few Quotes:
"If you want to get your finances in order, you must learn to say no. Not only do you need to learn to say no to overspending and no to buying things you can't afford, but first and foremost you must learn to say no to over-booking your life. You'll never be able to take control of your bank account or make significant traction toward your financial goals if you spend the bulk of your time running around like a chicken with its head cut off."

"When your children have a birthday and get new toys, have them choose the same number of old toys to get rid of. Without much effort, this rule keeps clutter from prolific breeding in the closets behind your back."

"A budget gives purpose to your money and it frees you up to enjoy living life rather than spending most of your time worrying about how you're going to afford to live."

"On occasion, challenge yourself to see how long you can go without going to the grocery store. When we do this, I often find we have a lot more food on hand than I realized."

My Thoughts:
Crystal's book is so valuable. It helped me to see that money itself is not the only thing that needs to be budgeted. Time and priorities show first and foremost where your money goes. Every hear the saying "show me your checkbook, and I'll show you where your heart is?" It's true. So, unexpectedly, I really got the most out of Crystal's chapter on setting personal goals, knowing what I'm good at, what I want to see happen in my life in the next 5-10 years and the end of my life. I did this and it really opened my eyes. I saw what is REALLY important to me. What goes across the board in all the areas I wrote down is where I found my priorities and where I'll deposit my time and money. For example, rather than buying a new outfit, I learned that if I really love to write, I'd rather put money towards a writer's workshop, some sort of class, or babysitter so that I can write. I like to look nice, but what's my goal? Crystal's book really helped me to think about my goals long term and how my finances affect them.

I loved her chapter towards the end of the book on contentment. It is so important to make a gratitude list and remember what I've been given by God-the list is endless. If I can keep a grateful perspective, it will help me remember that eternal things are much more precious than earthly, material things. God is so good!

 *You can check out Crystal's blog here.


1 comment:

  1. Hello Kathy, I have read many books on finances, and they do help you back on track! I have never been very good at long term goal making. But I always try to be very sensitive to the leading of the Spirit. But If we do look at where our money goes you can surely see where your heart is! Good post!
    Blessings, Roxy


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