Most helpful customer reviews
5.0 out of 5 stars
This book is right on target for those in debt, Jan 17 2000
This review is from: The Complete Cheapskate (Paperback)
I was unfamiliar with Mary's work prior to purchasing this book. Her thoughts on debt and money management hit me right between the eyes. We are giving ourselves a money makeover using Mary's ideas to get out of credit card debt. This is an easy and enjoyable read (despite the subject matter). Mary has conquered a personal debt of $100,000 without declaring bankruptcy and it is nice to hear from someone who has "been there, done that". Her tone is non-judgemental, her ideas practical and her approach non-threatening even for financial novices. I highly recommend this book!
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2 of 2 people found the following review helpful
5.0 out of 5 stars
Best of all Mary's Debt control/Budget books., Jun 26 2006
This book contains most of her best stuff in one place. Three things stand out: 1.- Snowball debt reduction which is the best debt reduction plan going. 2.- Her concept of dealing with irregular income (windfalls, bonuses etc) and irregular expenses (dental bills, vet visits, tires for the car etc). She explains how to set up a separate account called the freedom fund for these things. 3.- An excellent set of tips and hints on saving money. These are the more practical variety, not the save your dryer lint variety. That said, sometimes the way she explains the freedom fund can be a bit confusing. Start by using Bonnie McCullough's Household budget Planner for a clear overview of where the money is going, and a good reminder of the different places you need to plan for such as vet bills, dentist bills and other non monthly expenses. I find the ready to use forms in Bonnies book a real head start for setting up a budget. But for really getting a handle on managing the irregular expenses, grab a highlighter pen and really study what Mary says about the freedom account. And definitely if you are in debt and it's out of control, read the snowball debt reduction advice.
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5.0 out of 5 stars
Ingenious way of approaching common-sense money management., Oct 2 2002
This review is from: The Complete Cheapskate (Paperback)
Simply put: this book changed my life. I couldn't put it down once I started it. I have since begun my money makeover and things are looking better than they have in years. The book is a Godsend for those like me who found money disappearing every month. She uses common sense techniques, but the key is the way that they all work together. Also, don't discount this book if you're not a religious person. Even though she emphasizes God and tithing, you can give your money to ANY charitable organization and still follow her program. This book is not perfect, and although my complaints are minor, I do have a few. 1. My main complaint was that she ignores past-due debt when doing the money makeover. I had MANY past due bills and they just didn't fit into the makeover anywhere. My solution was to postpone opening my Freedom account for 3 months, and use that money to pay off as many past due accounts as I could. I also started my savings & giving at a lower percentage at first. It will work, just be VERY careful not to let total outgoing money exceed total income. Open your Freedom account as soon as possible, it is wonderful and essential to keeping on track. 2. She recommends dealing with cash. I found that dealing with cash was one of the reasons my money kept disappearing. I am electing to deal with as LITTLE cash as possible, so it's much easier for me to keep track of where I'm spending my money. Even with complaints, I still rate this book 5 stars because of the radical positive impact it had on my finances when I followed her program. I highly recommend it.
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