Title: Financial Peace
Author: Dave Ramsey
Rating: 3 stars
My new favorite naptime activity (other than nap on days when I need it) is to listen to
the Dave Ramsey show while I catch up on email or blogs. I was pretty disappointed, though, in his book. The topics in the book were consistent with his show, but the writing was really dry. Still, it's nice to think about financial health from time to time. Ramsey's main point is (hence the title) using common sense and living on less than you make to ensure peace for your family.
The best part of the book for me, since I was already familiar with his Baby Step plan (which I like), was his section on how to have a financial conversation with your spouse. Basically, he says that most relationships have a nerd and a free spirit.
-The nerd, after preparing his/her proposed budget needs to 1) listen, 2) take input (if your spouse thinks you need more money for food, actually listen. Just because
you think you can live on saltines doesn't mean the family actually can), and 3) keep it under 17 minutes. While Josh is the more frugal in our relationship, I am the spreadsheet nerd and definitely lose his attention at around 10 minutes. Hehe.
-The free spirit, on the other hand, needs to 1) show up for the meeting, 2) provide input (saying "whatever you want, dear" is a cop-out and that person is just as much at fault when things go poorly), and 3) be realistic.
He says that any relationship will get stronger if you will sit down and review the budget/financial goals once a month so I decided to give it a try. Our money spending goes like this: I spend it, Josh doesn't. Before you sing his praises, consider he won't even buy gas unless he can't make it home on fumes. The man never spends money. Ever. I'm a decent budgeter, but I have felt much better recently since I've started expecting him to make contributions to the monthly budget discussion. Even though he never questioned my purchases before and I am still the only person spending money now, it just feels more unified.
That being said, the book was still boring. If you want my opinion, just listen to the show (online 2-5 EST or on KTAR 10pm-1am).