Update 3/7/2012: See the authors of It’s Your Money, Honey on The Marilyn Denis Show!
Thank you to Laura J. McDonald (GoldenGirlFinance.ca) and Deborah Guichelaar (John Wiley & Sons Canada) for sending me a copy of this awesome finance book. It’s Your Money, Honey is available February 20, 2012.
I’ve been a long time fan of Golden Girl Finance – a website that explains finance to women in a way that makes finance relevant to women. So when I found out that the ladies from Golden Girl Finance, Laura McDonald and Susan Misner were writing a book, I had to get my paws on it.
It’s Your Money, Honey: A Girl’s Guide to Saving, Investing and Building Wealth at Every Age and Life Stage is meant to be a reference book that’s there for you throughout all your most important financial decisions. The book doesn’t claim to offer original advice – in fact, it states outright that most of its advice is common sense and stuff your mom probably told you. The difference is how it dishes advice. McDonald and Misner are working women who know what makes working women tick.
Using witty analogies and quirky anecdotes, this is probably the first finance book that looks out for your heart as much as your wallet. It’s careful to point out the financial realities for women because so many leave the big financial decisions to their husbands or partners. And the sad truth is, women can be left financially stranded should their partners leave or die before them (which is statistically very possible). Add children to that equation and suddenly the consequences of not taking care of your money seems very scary.
But It’s Your Money, Honey doesn’t use scare tactics. It explains to women the possibilities for complications but it also explains how easy it can be to take care of your money. I highly recommend this to any girl or woman who plans on retiring in the Hamptons (or maybe just comfortably).
Photo credits: loftlifemag.com