While the title of this book may sound a little creepy, we promise you that it is anything but that. It is a must read for every frugal family. The authors deal with every aspect of how to thoughtfully and carefully leave an inheritance to your children when you die, including such touchy subjects as: how to deal with kids who are financially irresponsible; what to do about kids with addictions; planning fairly when you have kids from multiple marriages; and how to distribute your family business.
We’ve turned over a few pages of our book reviews to one of our subscribers, Gina Dale from Fairfield, Montana. We are grateful to Gina for taking the time to share some of her favorite books and web sites with all of us. Here's what she wrote:
Okay, so the title just doesn’t grab you (it didn't grab us either), we mean, who sets out to be average? An average family has piles of debt, loads of things they've purchased but don't need and spends way too much on their children.
If you’ve ever been drowning in a hopeless sea of debt, this book could definitely help you. Me’Shae talks at length about credit card company ploys, collection agencies, credit scores and securing a good credit counseling agency. She writes from her experience of being deeply in debt, her climb out of the debt trap and helping others do the same.
Greg Karp is an award-winning, nationally published newspaper columnist. He understands that earning more money isn’t the solution to most financial dilemmas — but that spending smarter is! He discusses evaluating your life insurance; owning cars; analyzing phone, internet and cable TV bills and usage; options to wasting money on overpriced bottled water; extended warranties; timeshares; smoking; playing lotteries and much more. This book talks about lots of very practical ways to save money — but doesn’t really address how to develop a budgeting system.
This book was profiled during Oprah’s Debt Diet series, so we decided to read it. Judith Levine is a writer, living with her “partner” Paul in New York City — they have no kids. The book was written to chronicle her year without buying anything (except food and other necessities).
Rock and Brock are twins, but they are as different as night and day. Their grandfather comes to them one day with a special deal: For the next ten weeks, every Saturday he will give them each one dollar . . . and another dollar for each one that they have saved. Kind of like a 401k with matching. Rock’s “wanter” goes wild because there are so many things he wants to buy. As a result he never saves anything. Brock, on the other hand, delays his buying frenzy and saves his money. At the end of ten weeks, Brock has $512 and Rock has a bunch of cheap toys.
This book was recommended to us by one of our subscribers. We read it and discovered that it does a great job debunking the myth that money will make you happy. Jean Chatzky reviewed an extensive survey of over 1500 people regarding their finances, financial habits and how satisfied they were with both.