What books do you use?

rockm87

Hi

I am trying to find the title a book, ive seen it mentioned a few times on here, but cant find it when i want to.

it talks about having an emergency fund? its not a martin lewis book i have those, but i think it is american?

if anyone can help, or knows of any great books to help manage debt, or to be thrify let me know :-)


faaaanks xx

166million

Alvin Hall does something like this. He has done quite a few and he is pretty good at what he does

datlex

I have one called the money secret http://www.amazon.co.uk/Money-Secret-Rob-Parsons/dp/0340995963/ref=sr_1_1?s=books&ie=UTF8&qid=1396373868&sr=1-1&keywords=the+money+secret+rob+parsons


It basically takes a journey through tackling debt. At back has helpful charts/ tables. It takes a journey with someone from the depths of despair to finding a way of overcoming them.

Bublin1

Dave Ramsey Money Makeover
He teaches the 7 Baby Steps to Financial Freedom.
Baby Step 1 is to save up for an initial Emergency Fund of £1000
Baby Step 2 is to get rid of all debt
Baby Step 3 is to save up 3-6 months living expenses.

He talks about attacking debt with 'gazelle intensity'

He has podcasts that you can find on youtube and videos of his 'University' lectures.
He also has an online forum

FireWyrm

There is no secret or magic formula and any books on the subject will all tell you this :

A) Calculate how much money you have coming in
Calculate how much money you have going out

Subtract B from A and you have the amount of money you have to spend on leisure activities or long term goals

The trick is actually being brutally honest with yourself over what you actually spend and on what. Your budget is not going to work if you continually ignore the coffees, the magazines, the cigarettes, the odd bagel etc. Where people fall down is that they try to run such budgets in their heads by putting a finger in the air and inevitably forgetting all those 'little' spends. We have blinkers when it comes to this and unless you are open and honest with yourself, you will never achieve financial freedom (see how I threw in some jargon there...that'll be £5.99 thanks).

Download this spreadsheet : https://www.dropbox.com/sh/58m07i0jklqny0e/n3c1E0QUVw

Unlike the books, I wont charge you for something that is common sense.

Work through the spreadsheet, figure out some categories going forward and run with it for a month or two. If you like it, go buy YNAB (you need a budget) and let that app do the job for you going forward. Eventually, you will be working from cleared funds in hand, not waiting anxiously for pay day.

Bublin1

Fire, when I click on the link it gives 5 options. Which one do I download?

FireWyrm

Bublin1 wrote: »

Fire, when I click on the link it gives 5 options. Which one do I download?

What do you need to run it as? Those are versions.

xlsx is latest version of excel - win 8
ver 2003 is last version of excel and will run on most windows including 7 and earlier
OpenDocuments is the one you need if you have OpenOffice rather that honest to god microsoft excel.

You can get OpenOffice here : http://www.openoffice.org/

rockm87

thank you everyone!

thanks firewyrm, I have already established a vast spreadsheet and have a DFD of May 2015, so im doing ok. Just thought beyond that what should i be thinking of (i.e. the emergency fund etc) but I will check it out.

Thanks guys!!