7 Money Rules for Life {How to Take Control of Your Financial Future} by Mary Hunt

Across the country Americans are flunking their finances. Credit-card debt has reached $828 billion, 77 percent of Americans are living paycheck to paycheck and 43 percent have less than $10,000 saved for retirement. An alarming number of Americans have never been taught how to handle their personal finances, and this has led to financial ruin for millions.

Hunt openly shares her own struggles with an emotional connection to spending that drove her family into financial ruin. Over the past 20 years, Hunt has helped thousands of people get out of debt and live below their means.

“These simple rules,” says Hunt, “cut through the confusion, mystery and misery, enabling readers to get their financial lives on track.” By following her seven rules, readers can fix their financial problems and take control of the future. Hunt provides a solid foundation of financial knowledge and encourages readers to get started on the road to becoming financially secure.

As she successfully paid off her debt, Hunt developed and fine-tuned the seven money rules. These simple, unchanging, basic rules work in every financial situation, for every income level, and for every stage of life:

Rule 1: Spend Less than You Earn

Rule 2: Save for the Future

Rule 3: Give Some Away

Rule 4: Anticipate Your Irregular Expenses

Rule 5: Tell Your Money Where to Go

Rule 6: Manage Your Credit

Rule 7: Borrow Only What You Know You Can Repay

This Mom’s Review

As hubby and I seek to reduce our credit card debt, we are looking for any advice we can find.  We come across this book and its money rules – many sounding familiar but seemingly unrealistic.

Or, maybe that is just Satan giving me another dose of doubt, as I venture to work on debt reduction.  I can’t tell you that the advice presented in this book does work, only because I have just read it and haven’t put it to the test.  Ask me again at the end of 2012 and see how my finances look.

I can tell you that it is a plan that can be put into action.  The steps are simple, yet require action on the part of the reader (or debtor).  Nothing is successful without action, right?   The author provides easy to understand instruction, visual aids, scenarios and even her own testimony for implementing each rule.

Even if you broke Rule #7: Borrow Only What You Know You Can Repay before reading this book – just as I have, you can still make headway with the advice from this author.

In my attempt to be frugal this year and pay down my credit card debt, I will be implementing The 7 Money Rules for Life.  Available January 2012 at your favorite bookseller from Revell, a division of Baker Publishing Group.

Scripture translation included:  NIV

Disclosure:  I received a copy of this book from Baker Publishing Group in exchange for my honest review.