dimanche 11 janvier 2009

Reading on Living on Less

In these unstable economic times I started doing research on how to live on less.  The are a number of books at the library, and I found that though they had a different goals in mind, many books on how to be a stay-at-home mom had valuable information on how to cut down and live on less.

(Has good tips, but in general I didn't relate to the author who says she saved money not having to get manicures for when she was working, and often talked about God's plan in a very generic way.)

(Helps to have a closer look on spending, goes through many of different economical aspects. Most of the book does not apply to Canadians, giving tips that would only apply in the US.) 
 
(A step by step guide based on the experience of the two authors. Very down to earth. More than just the economical aspects, it deals also with the social and emotional sides of staying at home, and has an interesting section on how to beat the stay-at-home blues. )

(Though highly recommended, I found the book didn't apply to me. The author is an advocate of making a career out of leisure, which is not my main motivation.)

(Much closer to my heart, down to earth and practical, this book surprised me in its dealing with all aspects of simplifying life.  I wished I could have kept it longer but someone else had reserved it at the library.)

All of these books start with the same step : make a budget.  When you know exactly what you spend, and you take decisions on what you want to spend, you can reach financial freedom. The bottom line is you need some money to have choices (work more or less), and to have that money you need to make choices on what you want to spend it.

We had merge our quicken files once we moved-in together, but before Christmas we took a hard look at last year's spending in details. We were surprise how the little things add up. We were still living within our means, but we could do better, much better. 
With new goals for the new year, and practical ideas, it's exciting to see how things will pan out!

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