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The author frequently repeats how difficult and unpleasant saving and investing is, and how she would much rather spend her money on consumer goods. I'll be purchasing my own copy as a "go to" guide to sit on the bookshelf for my future financial decisions. Intended audience is British millennials (which she defines as anyone born between 1980-2000), but if you are older or younger, this can still be useful! It's seperated into step by step chapters which make it easy to navigate and useful if you're looking for specific help. The book is so well written that I think everyone who reads this book will benefit from it regardless of their level of education.
Laura Whateley is an award-winning journalist and The Times ’ consumer champion writing the agony aunt column, ‘Troubleshooter’, and ‘Millennial Money’ in the Saturday Money section. Despite being a professional with a useful degree, I didn’t actually know much about money outside of my pay cheque, PAYE taxes and my savings account.Money: A User’s Guide by Laura Whateley is a good starting point for people who are well below average when it comes to personal finances. She also specialises in affordable travel, property, and interiors for The Times and has written for The Sunday Times, the Guardian, the Observer, Dow Jones and Moneywise magazine. Although Whateley states that the target audience is millennials with an average or above-average income, she assumes that the reader has a lot of debt, very little capacity to save, and no self-control. In the next section of the book, Whateley explains the different kinds of debts and how to navigate them.
We press 'cash only' at ATMs, and accept that we'll be paying back our student loans with our pension savings. For the beginner, the chapter on saving will be helpful because interest rates, inflation, and a variety of savings accounts are explained. You can change your choices at any time by visiting Cookie preferences, as described in the Cookie notice. While many in the FI community believe that this is suboptimal, Whateley is of the opposite conviction. So many wee well-meaning people try to show up at my door and save me from the burden of beautiful solitude!It's everything that you know you *need* to know about personal finance but have never bothered reading up on.
I think I can speak for most when I say that any book that deconstructs all the financial jargon that is thrown at us must be a good read. I also think that this book should be included within the high school curriculum for those in year 10 and 11, it would certainly be far more beneficial to young people who are about to start out in the world than subjects like history and geography. It explains student loans/savings/investing/mortgages/renting/pensions/debt/etc explained in a friendly, concise way. I think every would benefit from reading although more useful to those in early stages of adulthood.
Nevertheless, she provides the reader with some helpful tips such as carefully reviewing your rights and responsibilities and getting everything in writing. Not always what you want in a book, but in January I tend to be able to face money and the future a bit better. After finishing the book I quite literally feel like I have just finished a year at college and passed the final exam with flying colours. And we’re proud to say, that some of them even ditched their Financial Advisors, after experiencing the value we provide.
She also specialises in affordable travel, property, and interiors for The Times and has written for The Sunday Times , the Guardian , the Observer , Dow Jones and Moneywise magazine. If you are starting from scratch with little financial knowledge, this is a handy book to talk you through some basics and provides tips on what you can do to make wiser money decisions.To answer our reader’s question and, if you’re looking for a great personal finance and investing book for beginners, I suggest starting with Invest Your Way to Financial Freedom instead. Unfortunately, the author doesn’t speak about this and instead emphasizes with the reader about how difficult saving is. This essential book will give you the confidence and clarity to take back control of your bank account, enabling you to thrive in all areas of your life. It touches on many topics, including money and relationships, money and mental health, and ethical investing. From a personal perspective, much of the information I was already aware of thanks to being pretty interested in personal finance anyway, but Whateley's book serves as an easily digestible, vital read for anyone interested in setting themselves up for better personal financial management (and without falling into the trap of demanding you cut out every bit of 'fun' spending as some personal finance hawks do).
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