She also breaks down highfalutin financial jargon into easy-to-understand concepts, because what does “home equity line of credit” even really mean? Her personal accounts of experiences that she’s had allow her to relate to you, in turn allowing you to have more faith in her methods because she never suggests something she hasn’t lived. Moreover, Orman is absolutely right in the assertion that this isn’t “you parent’s money book.” She writes from the perspective of a college student living on a limited income but with large dreams that need to be funded. Though what you’d really be missing out on would be the chance for financial security, no matter what income level you find yourself in. Okay, so, you might be thinking that the last thing you want to do is read about financial advice in your free time. There’s even a chapter devoted to discussing what a Roth IRA is and why you can’t afford to pass up on a 401(k). This is where Suze Orman’s “The Money Book for the Young, Fabulous & Broke” comes in very handy given its meticulous breakdown and her tips for dealing with credit, monitoring and improving your score, paying off student debt, actually saving substantial amounts of money, investing and making big-ticket purchases such as buying a car to make your morning commute that much easier.
For example, you plan on saving money, but never created a detailed plan about how you’d go about doing so. A key cause of these annoyances typically stems from inadequate planning.
After all, isn’t that the point of most people’s New Year’s resolutions? Yet, oftentimes these intentions are thwarted or abandoned a few weeks down the line when frustrations run high. The beginning of a new year usually brings desires for a fresh start, improvements and complete overhauls for many.
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