The Debt Diet: An Easy-to-follow Plan To Shed Debt And Trim Spending
Bethany, 2005 (2005)
Reviewed by Melissa Parcel
f debt is threatening to swallow you and your family whole, then
The Debt Diet
may be just the solution to help you lose a few pounds of it. Ellie Kay, author of multiple books on money and finance, walks the reader through a step-by-step method for losing debt in the same way one might lose weight. The only proven method for weight loss is eating less and exercising more. The same goes for money - you must spend less and save more, all the while avoiding
programs that will worsen the situation in the long run.
ection one, '
', begins with a '
Fiscal Fitness Workout
', a quiz to determine your attitudes about money. Subsequent chapters deal with spending, money attitudes and credit. Section two, '
', explores how to think like a millionaire by creating new habits, using your FICO (credit) score, goal setting, dropping debt and creating savings. Finally, section three, '
', discusses financial planners, teaching children about money, college, and shopping to share. Each chapter includes quizzes and worksheets so that you can tailor a plan to your life and situation. I found the sections on spending habits especially interesting. There are many practical suggestions that can be put into place with just a phone call or a little research. For example, there is information about insurance and mortgages that can lead to real savings.
lthough this book is published by a Christian publisher, other than some talk about giving money to church, the information is applicable to anyone wanting to move away from a debt mentality. As financial problems are quickly becoming reality in most people's lives,
The Debt Diet
is a helpful choice to assist you on the road to shedding that unwanted debt load.
Note: Opinions expressed in reviews and articles on this site are those of the author(s) and not necessarily those of BookLoons.
Find more NonFiction books on our
or in our book