At the advice of Grumpy Rumblings and Consciously Frugal, I decided to dig into “Your Money Or Your Life”, a best-selling personal finance book. It was first published in the 1990s but was updated in recent years. This is not a review, as I’m still on Chapter Three, but knowing that I would never write down a full thought-out review, I thought I would jot down my general impressions.
I’m sure that I read a review that mentions the book’s focus on the environmental consequences of our consumer culture. I’m not sure if these sections would turn some people off, some who would benefit from the ultimate message.
There are lots of tasks to do! The book asks you to go through your lifetime earnings and then list your current assets. In other words, what do you have to show for all your hard work?
I’ve been surprised that I’m learning new things, because I’ve read summaries of this book before and thought that was all there is to it. I guess just as cliff notes are never substitutes for a literary classic, reviews can’t cover everything that is in the book. Plus, it’s very helpful to have messages repeated for some people (like me!).
I would like to do the exercise of tracking down every expense, but I know my husband won’t be likely to do this and I’m not sure it’s very helpful if only I do this.
I was about to purchase two shirts from Land’s End Canvas (One day only sale!) but I stopped myself. While I could use two blouses for summer and these would be good for weekend and work, I didn’t need it right now. Plus, I am sure I can find a better deal than $29 per shirt if I really wait for sales, or I may discover that I don’t need any at all or just one. Changing old habits are tough. I’m not a big shopper but I’m more susceptible to limited time sales/deals and pretty things than I like to admit.
Anyway, I’ll keep posting as I move along on my little personal finance journey…