Saturday, February 19, 2011

Learning about your finances

Here is a quick and dirty list of some good introductions to managing your money accompanied by some accessible blogs that are updated on a regular basis.

The Total Money Makeover - Dave Ramsey
This book takes a straight forward look at finances, getting on track, and controlling your money without it controlling you. The plan is simple, and has been proven by thousands of people over many years to work, but it will require some dedication (well rewarded) on the part of the saver. This is a great introduction to getting out of debt, setting goals, and enjoying life without worrying about money. [Warning: this is a book from the US so some of the information around government investment vehicles does not apply directly to Canadians, but the principles are good].

The Wealthy Barber - David Chilton
A best seller for decades this is a Canadian based, easy to read, and straight forward book about money written as advice from a barber. The plan is simple, and for many people will meet the need to make saving a habit without unduly effecting their current life styles. It's a great first step toward taking control of your finances.[Canadian based]


The Simple Dollar - Trent Hamm
This blog is updated regularly (often multiple times a day) with answers to reader questions, financial tips and advice, and general tips to save money in everyday life. This is a great place to slowly gain information in a broad spectrum of areas to help you save money. Posts are typically short and reference places for further reading for those seeking more in depth information.[US based]

Get Rich Slowly - J. D. Roth
Another blog that touches on a variety of information relating to finances. Frequent guest posts from famous financial gurus grace this blog including from TLCs "Till Debt Do Us Part" Gail Vaz-Oxlade. Posts are normally focused on a single topic and relevant to daily living. [US based]

Making Money Make Sense - Gail Vaz-Oxlade
Updated less frequently than the previous 2 blogs, this offers Canadian specific advice for getting finances on track with periodic guest posts that focus on areas where people can trim money. For example how to create a stylish but inexpensive wardrobe that will last. The blog is focused on making money easy to understand for everyone.  [Canadian based]

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