This is where your path to financial freedom begins...

Managing finances can be challenging for many. Whether you're trying to plan for retirement, save for your child's education, or get out of debt, the world of personal finance can feel overwhelming. This is where a personal finance coach can step in and provide invaluable assistance. A personal finance coach serves not only as a guide but also as a partner in navigating the often complicated financial landscape. Understanding Personal Finance Personal finance involves managing financial decisions such as budgeting, saving, investing, and planning for future expenses. Unlike financial planning, personal finance is about making informed choices based on your financial situation and goals. According to a National Endowment for Financial Education report, only 24% of Americans felt confident in their financial knowledge. This highlights a significant gap that personal finance coaches can help bridge. Benefits of a Personal Finance Coach A personal finance coach offers several benefits that can help individuals reach their financial goals: Customized Financial Plans : A personal finance coach will work with you to create a tailored plan that suits your financial situation and objectives. Accountability : Accountability can be a powerful motivator. Your coach will help you stay on track with your financial goals, ensuring that you make progress and avoid unnecessary distractions. Financial Education : A competent personal finance coach educates you about financial concepts, tools, and strategies. This knowledge empowers you to make informed decisions. Emotional Support : Money management can be stressful. A coach provides emotional support, helping you deal with the anxieties of financial planning. A financial coach helps manage personal finance tasks How a Personal Finance Coach Can Help You Set Goals Setting financial goals is essential for financial success. A personal finance coach can assist you in identifying, refining, and achieving these goals. Identifying Your Goals Most people have a variety of financial goals, but not all are clearly defined or realistic. A personal finance coach will help you to pinpoint your primary objectives, whether it's buying a house, saving for retirement, or starting a business. Setting SMART Goals After identifying your goals, the next step is to ensure they are SMART: Specific, Measurable, Achievable, Relevant, and Time-bound. For instance, rather than saying "I want to save money," a SMART goal might be "I want to save $5,000 for an emergency fund within the next 12 months." Building an Action Plan Once you have your SMART goals, a coach will work with you to create an actionable plan. This may involve breaking your goals down into smaller, manageable steps. For example, if your goal is to save for a house, your action plan might include setting aside a certain amount each month or working on improving your credit score. A financial coach discussing plans with a client The Importance of Budgeting While setting goals is essential, creating a budget is equally important. A budget helps you track your income and expenses, ensuring you don't overspend. Creating a Budget Plan Your personal finance coach can help you develop a budget plan that aligns with your financial goals. The general rule is to allocate: 50% of your income to necessities (housing, groceries, utilities) 30% to discretionary spending (entertainment, dining out) 20% to savings or debt repayment This framework can help you visualize where your money goes and make necessary adjustments. Monitoring Your Budget A personal finance coach also assists in monitoring your budget. Regular check-ins can help identify areas where you may have overspent and suggest adjustments to realign with your goals. The Role of a Personal Finance Coach in Debt Management Many people struggle with debt, making it a significant barrier to achieving financial goals. A personal finance coach can provide effective strategies for debt management. Understanding Your Debt The first step in managing debt is to understand it. A coach will assist you in evaluating your debts—such as credit cards, student loans, and mortgages—helping you to figure out the total amount you owe and the interest rates associated with each debt. Creating a Debt Repayment Plan Once you understand your debt situation, a coach will help you devise a repayment plan. This may include strategies like the snowball method (paying off smaller debts first) or the avalanche method (targeting high-interest debts). Tracking Progress Monitoring progress in debt repayment is crucial. Regular updates with your coach can help you celebrate small victories and stay motivated throughout the journey. Investing for the Future Investing is a crucial component of personal finance that often scares people. A personal finance coach demystifies the world of investing and helps clients make informed investment decisions. Education in Investment Options Many individuals are unsure of where or how to invest their money. A competent coach will educate you about various options, such as stocks, bonds, mutual funds, and real estate. Risk Assessment Understanding risk tolerance is vital. A personal finance coach helps you assess your risk appetite and recommends investment strategies accordingly. For example, if you're risk-averse, they may suggest low-risk investments with steady returns. Diversification Strategy A coach will also discuss the importance of diversification in your investment portfolio to mitigate risk. Spreading your investments across various asset classes can help protect against market volatility. Reaching Financial Independence Ultimately, working with a personal finance coach aims to help you achieve financial independence. They equip you with the skills and knowledge needed to make wise financial decisions for life. Building Wealth for the Future A personal finance coach can guide you on how to build wealth effectively. This includes saving for retirement through various accounts like 401(k)s or IRAs, ensuring you're on track to live comfortably in your retirement years. Ongoing Support and Coaching Achieving your financial goals is often a long-term process. Continued support from your coach can keep you accountable and engaged with your finances. Regular check-ins can ensure you are on track and provide the tools needed to adapt to life changes. Investing in a relationship with a coach is investing in your future. You can find invaluable help with resources like a financial coach , helping clients reach their financial aspirations. Achieving Your Financial Goals The journey to financial wellness is not a sprint; it's a marathon. With a personal finance coach's assistance, you can navigate the complexities of budgeting, investing, debt management, and financial planning. Finding the right coach can make all the difference in this journey. Remember, they are not just financial advisors but partners who understand your aspirations and empower you to take control of your financial future. Taking the first step toward financial stability and growth can be daunting, but with the right guidance, you can achieve your goals and secure a financially sound future.

Our Barbados adventure began with a smooth arrival at the airport. As we stepped off the plane, tropical air greeted us. The island's vibrant colors were visible even from the tarmac, hinting at the beauty that awaited us. After a brief wait at customs, we collected our luggage and made our way to the arrivals hall. The excitement of the trip began to set in. As we stepped outside, we were welcomed by the warm sun and a gentle breeze that carried the scent of the ocean. The Sandals shuttle was waiting for us; its bright colors and friendly staff instantly made us feel at ease. Our driver shared interesting tidbits about the island's culture. He enriched our journey with stories of local traditions and landmarks. We passed charming villages and vibrant markets, which piqued our curiosity about the adventures that lay ahead. Exploring Sandals Royal Barbados Checking in was a breeze, a seamless experience that set the tone for our stay. The reception area was elegantly designed, with soft lighting and tasteful decor that immediately welcomed us. While we waited for our room to be prepared, we were delighted to be offered complimentary champagne and freshly baked cookies. This thoughtful touch added a layer of luxury to our arrival. Before long, we were informed that our room was ready. The excitement began to build as we prepared to explore our accommodations. The initial experience of checking in, complemented by the delightful champagne and cookies, had already exceeded our expectations. We were eager to discover more of what the hotel offered during our stay. Resort Highlights Lover's Lane: A lively area that features a bowling alley, ping pong tables, and a bar. Rooftop Pool & Restaurant: Enjoy stunning island views from the rooftop. Beach Bliss: Relax on the beautiful beach with ample space for sunbathing. Entertainment Galore: Experience live music, nightly entertainment, and themed parties throughout the resort. We particularly enjoyed the beach bonfire and the steel drum performances. Dining Experiences: A Mixed Bag While the resort offers a variety of dining options, our experiences were mixed. Disappointments: Chi and Greenhouse, while beautifully decorated, suffered from slow service and overcooked food. A Culinary Gem: Bombay Restaurant stood out with delicious appetizers, main courses, and desserts. Local Flavor: I stopped by the Culinary Desk to ask the chef to make the national dish. We enjoyed trying local dishes like flying fish and cuckoo (cornmeal), but the latter was overly salty. Beyond the Resort: Exploring Barbados Exploring outside the resort is a must. Barbados has so much to offer. Harrison's Cave: This incredible cave system offers a thrilling tram ride, stunning formations, and a bird aviary. We enjoyed watching zip line activity above the cave. Oistins Fish Fry: Experience the vibrant atmosphere of Oistins, where you can enjoy fresh seafood, live music, and street vendors. (Note: We visited on a weekday, so it was less crowded.) Souvenir Shopping The Best of Barbados: This shop offers a wide selection of local artifacts and souvenirs. Ganzee Island Shop: A great place to find authentic handmade souvenirs and support local artisans. St. Lawrence Gap: Explore this lively area with numerous bars, restaurants, and nightclubs. Atlantis Submarine Adventure: Embark on an underwater adventure in a real submarine. Monkey Sanctuary: (Incorporated from the video) - Visit the Barbados Wildlife Reserve. Encounter monkeys, birds, and other animals in a natural setting. Tips for Your Barbados Trip Book excursions in advance: This can save you money compared to booking through the resort. Consider a private taxi: It's a safe and convenient way to get around the island. Don't miss Bombay Restaurant: It's an excellent dining option at the resort. Embrace the local culture: Visit Oistins Fish Fry and explore local markets. Pack for the weather: Barbados has a tropical climate, so pack light clothing, sunscreen, and a hat. Final Thoughts Our Barbados adventure was memorable. While the dining experiences at the resort were somewhat inconsistent, the beautiful beaches, exciting excursions, and friendly locals made it a truly unforgettable trip. The vivid colors, hospitable people, and rich culture made every moment special. Have you been to Barbados? What were your favorite parts of the trip? Share your experiences in the comments below!

Are you a mid-career professional looking to enhance your resume without breaking the bank? In today's competitive job market, adding valuable credentials to your professional profile doesn't have to come with a hefty price tag. Free certifications offer an excellent opportunity to showcase your skills, demonstrate your commitment to continuous learning, and potentially increase your earning potential—all without financial investment. As a financial coach specializing in career development for professionals aged 30-45, I've compiled this comprehensive guide to the best free certifications to give your resume the competitive edge it needs in 2025. Why Free Certifications Matter for Mid-Career Professionals By your 30s and 40s, you've likely established yourself in your field, but career growth often requires continuous skill development. Here's why free certifications deserve your attention: Cost-effective upskilling : Enhance your expertise without affecting your financial goals Fill skill gaps : Address specific knowledge gaps that might be holding back your career advancement Demonstrate initiative : Show employers you're self-motivated and committed to professional development Transition readiness : Prepare for career pivots or industry shifts by acquiring new competencies Competitive advantage : Stand out from other candidates with similar work experience Top Free Certifications by Industry Finance and Business Google Analytics Certification Perfect for: Marketing professionals, business analysts, and data-driven professionals Time commitment: 4-6 hours Skills gained: Web analytics, data analysis, digital marketing metrics Why it matters: Demonstrates your ability to make data-driven business decisions HubSpot Inbound Marketing Certification Perfect for: Marketing managers, content creators, and business development professionals Time commitment: 4-5 hours Skills gained: Lead generation, content marketing, conversion optimization Why it matters: Shows you understand modern digital marketing principles FEMA Financial Emergency Management Certification Perfect for: Risk managers, financial advisors, and business continuity planners Time commitment: 2-3 hours per course Skills gained: Emergency financial planning, disaster recovery, business continuity Why it matters: Demonstrates your ability to manage crises—an increasingly valued skill Technology Microsoft Learn Certifications Perfect for: Project managers, business analysts, and IT professionals Time commitment: Varies by path (8-20 hours) Skills gained: Microsoft 365, Azure fundamentals, data analysis Why it matters: Microsoft tools remain essential in most corporate environments IBM Data Science Professional Certificate (free with 7-day trial) Perfect for: Analysts, researchers, and professionals working with data Time commitment: 10-12 hours per course (multiple courses available) Skills gained: Data analysis, visualization, machine learning fundamentals Why it matters: Data literacy is increasingly valuable across all industries AWS Cloud Practitioner Essentials Perfect for: IT professionals, project managers, and technical team leaders Time commitment: 6-8 hours Skills gained: Cloud computing fundamentals, AWS services overview Why it matters: Cloud expertise is in high demand as organizations continue digital transformation Professional Development LinkedIn Learning Certificates (free with trial) Perfect for: Professionals across all industries Time commitment: 1-3 hours per course Skills gained: Varies widely—from communication skills to technical competencies Why it matters: LinkedIn integration makes these credentials highly visible to recruiters Project Management Institute PMBOK Guide Perfect for: Aspiring project managers and team leaders Time commitment: Self-paced Skills gained: Project management fundamentals, planning, execution Why it matters: Provides foundation for formal PM certification Salesforce Trailhead Badges Perfect for: Sales professionals, customer relationship managers, business developers Time commitment: 1-5 hours per badge Skills gained: CRM management, sales processes, customer engagement Why it matters: Salesforce skills are highly transferable across industries How to Select the Right Free Certifications When choosing free certifications to pursue, consider these factors: Relevance to career goals : Select certifications that align with your five-year career plan Industry recognition : Research which certifications employers in your field value Time investment : Be realistic about how much time you can dedicate to certification study Skill gaps : Focus on certifications that address your specific areas for improvement Verification methods : Ensure the certification offers verifiable credentials you can share Maximizing the Impact of Free Certifications on Your Resume Simply listing certifications isn't enough—you need to strategically integrate them into your professional narrative: Create a dedicated certifications section : Place it prominently if you have several relevant certifications Incorporate into skills section : Mention specific skills gained through certification Reference in cover letters : Explain how certification knowledge applies to the role Update LinkedIn profile : Add certifications to your LinkedIn profile for improved visibility Mention during interviews : Prepare to discuss specific projects or knowledge acquired through certification The Financial Perspective: ROI of Free Certifications As a financial coach, I evaluate professional development through a financial lens. Free certifications offer exceptional ROI because: Zero initial investment : Unlike paid courses or degrees, free certifications require only time Potential earnings increase : Many certifications can lead to raises or promotion opportunities Job security enhancement : Staying current with in-demand skills reduces layoff risk Networking opportunities : Many certification programs include community access, expanding your professional network Foundation for paid credentials : Free certifications often provide the knowledge base for more advanced paid certifications Action Plan: How to Get Started with Free Certifications Assess your career goals : Identify where you want to be in 3-5 years Conduct a skills gap analysis : Determine what you need to learn to reach those goals Research certifications : Find free options that address those gaps Create a learning schedule : Block time for certification study in your weekly calendar Join communities : Connect with others pursuing similar certifications for support Apply knowledge immediately : Implement what you learn in your current role when possible Conclusion In today's dynamic job market, continuous learning isn't optional—it's essential. Free certifications represent one of the most accessible and cost-effective ways for mid-career professionals to remain competitive, demonstrate commitment to growth, and acquire new skills. By strategically selecting and pursuing free certifications relevant to your career path, you invest in your future without compromising your financial goals. Remember: the most valuable credential is the one that helps you bridge the gap between where you are and where you want to be. As a financial coach specializing in career development, I encourage you to view professional certifications as part of your broader investment strategy—an investment in your most valuable asset: yourself. Ready to Take Action? Book a free consultation to develop a personalized professional development plan that aligns with both your career aspirations and financial goals. We'll navigate certification options and create a strategic roadmap for your continued success.

After serving eight years in the military, receiving a 50% VA disability rating provided crucial financial support during my transition to civilian life. However, my service-connected conditions continued to worsen over time. What followed was a 13-year journey to reach 100% disability—a path made possible with professional assistance from REE Medical. My VA Disability Journey: From 50% to 100% P&T Compensation and Pension Exam Requesting a Disability Rating Increase How REE Medical Assisted with a Disability Compensation Increase VA Temporary Disability Rating Increase How a Temporary Disability Rating Changed to Permanent Benefits of a Permanent VA Disability Rating The Compensation and Pension Exam Trap My first encounter with the VA's disability review process caught me completely unprepared. I received an appointment for my TMJ dental disability evaluation, but did not understand what a Compensation and Pension (C&P) exam entailed. During the appointment, my jaw dislocated (a common TMJ symptom), and the doctor quickly took measurements before ending the exam. Months later, I was shocked to discover my disability rating had been reduced from 50% to 30%, resulting in a $300 monthly income reduction. What the VA doesn't tell veterans:  Many disabilities are automatically re-evaluated after three years based on the assumption that they improve after military service. Despite continuing to struggle with eating, yawning, and sleeping due to TMJ pain, I had to begin the arduous process of proving my disability still existed. After securing medical evidence from my dentist over numerous appointments, the VA finally reversed their decision, restoring my 50% rating with back pay. See my feature in AARP 7 VA Benefits Often Overlooked by Veterans The Frustrating Process of Requesting a Rating Increase For years, I diligently: Attended countless medical appointments Underwent procedures to reduce nerve pain Participated in physical therapy Took prescribed pain medications Despite these efforts and properly documenting everything, including having my physician complete Disability Benefits Questionnaires (DBQs), the VA repeatedly denied my requests for an increased rating. Each denial meant more missed work, more lost income, and growing frustration. How REE Medical Transformed My VA Disability Claim After a decade of unsuccessful attempts, fellow veterans suggested I seek professional assistance. My online research led me to REE Medical , which had positive BBB ratings and success stories in veteran forums. The REE Medical Process Free Consultation:  During my initial call, a representative evaluated my situation and reviewed my disabilities, ratings, and medical documentation frequency. They assessed my potential for an increase before accepting me as a client. Strategic Claim Filing:   REE Medical  advised me to immediately submit a claim to establish an effective date for potential back pay. They helped me focus only on disabilities eligible for increases. Documentation Support:  They provided structured guidance for completing DBQs thoroughly and honestly, ensuring all my medical evidence aligned properly with VA requirements. Medical Evidence Preparation:   REE Medical  reviewed all my documentation and helped prepare my case for submission after additional medical visits. The Life-Changing Result: 100% Temporary Rating After months of waiting, I received the notification that my rating had increased to 100%. Most of my claims were approved, exceeding what was necessary for the maximum rating. However, the VA initially classified this as a temporary rating pending reevaluation in two years. Following advice from my Wounded Warriors Project case manager, I continued regular medical visits to document my ongoing conditions. See my feature in Military Families Magazine Veterans Build Debt-Free Life After the Military From Temporary to Permanent and Total (P&T) Disability When my reevaluation period passed, I nervously awaited the VA's decision. To my relief, they reviewed my consistent medical documentation and awarded me 100% Permanent and Total disability status. The Benefits of 100% P&T VA Disability Rating in Florida Receiving a permanent and total disability rating has provided numerous benefits: Education Benefits:  Free bachelor's degree for my children at Florida state universities Vehicle Benefits:  Disabled veteran tag for my primary vehicle Property Tax Exemption:  Complete elimination of property taxes (previously only a $5,000 exemption) Recreational Benefits:  Free access to state parks and a free fishing license Parking Benefits:  Free parking at airports and metered downtown locations There are many other benefits in Florida, but these are the ones I use most often. A comprehensive list of benefits for veterans available in your state can be found here . Related: VA Disability and Military Retirement COLA Increases for 2023. What You Need to Know? Could I Have Achieved 100% P&T Without REE Medical? While technically possible, my personal experience speaks volumes. After 12+ years of trying independently, REE Medical  helped me complete the process in just six months. This efficiency meant: No more missed compensation Reduced time away from work Peace of mind after years of struggle While I worked with both REE Medical  and the Wounded Warrior Project, every veteran's journey is unique. Research your options to determine if you can navigate the process alone or would benefit from professional assistance. VA Disability Resources for Veterans Want to learn how to save and budget your VA disability benefits? Contact me for a one-on-one consultation  about protecting your wealth and income. Official VA Resources File a VA Disability Claim Veteran Vocational Rehabilitation State Benefits for Veterans Veteran Service Organizations Disabled American Veterans Wounded Warrior Project Have questions about working with REE Medical  for your VA disability claim? Drop a comment below or contact me directly for personalized guidance.

Are you and your partner struggling with credit card debt? Feeling stressed about uneven income from your business or job? You're not alone. Many couples between 30-45 are juggling careers, possibly raising kids, and trying to get their finances in order—all at the same time. I recently worked with a couple facing these exact challenges, and I wanted to share some practical insights that might help you too. Why Money Gets Complicated for Couples When Your Income Isn't Steady If you or your partner runs a business or works freelance, you know the stress of inconsistent paychecks. This financial rollercoaster often leads to: Using credit cards to cover bills during slow months Putting off saving because "there's always next month" Arguments about spending when money is tight Feeling constantly worried about making ends meet When One Person Handles All the Money Many couples naturally divide responsibilities, with one person managing the finances. While this seems efficient, it can create problems: The other partner feels out of the loop Money conversations become awkward or tense One person feels all the financial pressure Different spending habits clash without regular check-ins First Steps to Financial Teamwork Setting Money Goals You Both Care About Before diving into budgets and spreadsheets, sit down together and talk about what matters to you both: What would financial success look like in one year? Which debts bother you the most? What lifestyle elements are non-negotiable for each of you? How can you support each other through this process? Remember: There are no wrong answers! The goal is to understand each other's priorities. Creating a Budget That Actually Works Forget complicated systems—start with the basics: Track where your money is going for at least two weeks List your fixed expenses (rent/mortgage, insurance, etc.) Identify areas where you're overspending Agree on spending limits for flexible categories Plan for irregular income by creating a "salary" system Pro tip: Try the free app You Need A Budget or a simple spreadsheet to track expenses. The important part is finding a system you'll actually use. Tackling Your Debt: Two Simple Approaches The Snowball Method (Best for Quick Wins) List all your debts from smallest to largest balance Make minimum payments on everything Put extra money toward the smallest debt When that's paid off, move to the next smallest Celebrate each debt you eliminate! The Avalanche Method (Best for Saving Money) List all your debts from highest to lowest interest rate Make minimum payments on everything Put extra money toward the highest-interest debt When that's paid off, move to the next highest Track how much interest you're saving Either method works—choose the one that feels most motivating to you both. Keeping Your Lifestyle While Cutting Debt Eating Well Without Breaking the Bank One of the biggest concerns I hear is: "Can we still eat healthy food on a budget?" Absolutely! Try these approaches: Meal planning around weekly sales Buying seasonal produce Cooking in batches to save time and money Finding one or two "splurge" items that matter most to you Gradually reducing restaurant meals rather than eliminating them Making Room for What Matters Your budget should reflect your values, not just restrict spending. Consider: Which activities bring you the most joy? What expenditures align with your health goals? Where can you cut back without feeling deprived? What free alternatives exist for expensive habits? Getting Help When You Need It What a Financial Coach Does Think of a financial coach as a personal trainer for your money. We: Help you create realistic plans based on your specific situation Provide accountability to keep you on track Teach practical money management skills Act as a neutral third party when couples disagree Celebrate your progress along the way The Cost vs. Value Question Professional financial coaching typically costs around $175 per session, with relationships lasting three to six months. Before dismissing this as "too expensive," consider: How much are you currently paying in credit card interest each month? What would it be worth to eliminate financial stress from your relationship? How would your lives change if you were debt-free in 12-24 months? Many clients find that the skills they learn save them thousands of dollars over time. Small Steps to Start Today Getting Comfortable with Money Conversations If money talks feel uncomfortable: Start with a "money date" over coffee or wine Share one financial goal you each have Discuss one area where you could cut back Agree to regular 15-minute check-ins Simple Systems Anyone Can Use You don't need an accounting degree to manage money well: Set calendar reminders for bill due dates Create a shared document for tracking expenses Use cash envelopes for categories where you tend to overspend Set up automatic transfers to savings, even if it's just $20 per paycheck Your Financial Partnership Starts Now Remember that financial success isn't about perfection—it's about progress. Every step you take together toward better money management strengthens both your finances and your relationship. The couple I worked with started with small changes: tracking expenses, having weekly money talks, and focusing on one debt at a time. Within three months, they paid off their smallest credit card and had a clear plan for the rest. You can do this too. The first step is deciding to face your finances together. This blog post is based on a financial coaching session with identifying details removed to protect client privacy. If you're interested in learning more about our beginner-friendly financial coaching services, reach out for a friendly consultation .

Why Does My Family Always Ask Me for Money? It's a common frustration: you're trying to build your financial future, save for a house, or plan a vacation, and then, bam , a family member hits you up for a loan. It can be a delicate situation, and handling it with empathy and assertiveness is important. When you combine both, you'll come out on top and reduce the chances of your family coming to you with their hand out. Understanding the Root of the Problem Before we dive into how to handle these requests, let's try to understand why they might be happening. Here are a few common reasons: Financial Literacy:  Some people may lack the knowledge or skills to manage their finances effectively. They might not understand budgeting, saving, or investing. Your family may get their paycheck or whatever money they have and not know how to save it for the future. They may feel their money must be spent as soon as it's received. When your family doesn't save money, they may come to you for unexpected expenses. Unexpected Expenses:  Life can throw curveballs, such as medical bills, car repairs, or job loss. These unexpected costs can strain even the most careful budget. Sometimes, your family may think that other expenses are unexpected, but they could be prevented. For example, rent and groceries are not unexpected expenses; your family should plan for them so they can afford to eat and live. Generational Patterns:  Unfortunately, financial struggles can be passed down through generations. If you grew up in a family where money was tight, your family members may have learned unhealthy financial habits. Breaking that habit can be difficult, especially if you are deemed the breadwinner or have a "good-paying" job and your family wants you to be their saving grace. Entitlement:  Sometimes, family members may feel entitled to your financial support, regardless of your circumstances. This can be a particularly challenging situation to navigate. Your family may make you feel guilty and know you have money saved and are trying to do better for yourself. However, the sense of entitlement and the constant request for financial assistance can be exhausting. Setting Boundaries and Saying No Setting boundaries and learning to say no, even to family members, is important. Here are some tips: Be Honest and Direct:  Explain your financial situation honestly, without judgment. Let them know that you're working hard to achieve your financial goals and that you're unable to help at this time. If they say things like, "I know you got it," "I only need help this one time," or "You have to help family," then it's time to offer them alternative solutions. Offer Alternative Solutions:  Instead of giving them money, consider offering other forms of support, such as helping them find a job, providing advice on budgeting, or connecting them with resources like a credit counselor. You could also recommend that they seek state aid for electricity, rent, or food subsidies. If they work and have access to a 401(k), they may be able to request a hardship withdrawal from their employer. Practice Self-Care:  Don't feel guilty for saying no. Remember, you're not responsible for your family's financial problems. Taking care of your financial well-being is essential. Limit Contact:  If necessary, limit your contact with family members who constantly ask for money. Limiting contact can help you maintain peace of mind and avoid feeling drained. If you live with them, don't discuss your financial situation, even as you continue to save and build your nest egg for your future goals. Protecting Your Financial Future To continue to protect your financial future, consider these strategies: Create a Budget:  A budget can help you track your income and expenses and identify areas where you can cut back. Build your budget around your goals. Do you want to save $5,000 for a down payment or rent for a new apartment in a year? Budget monthly for your goals. Build an Emergency Fund:  An emergency fund can help you cover unexpected expenses, making you less likely to rely on others for financial assistance. Take a lesson from your family and ensure you don't have to reach out to others for help. Plan to save for six months of your monthly expenses in a separate savings account. Include six months of expenses for rent, utilities, car payments, etc. Invest in Yourself:  Invest in your education, career, and health. These investments can pay off in the long run. See if your employer will cover some of your educational or certification expenses so you don't have to pay out of pocket or get a student loan. In the end, you can increase your earning potential. Avoid Enabling Bad Habits:  Don't enable your family members' bad financial habits by constantly bailing them out. Again, limit contact with those who always have their hand out and look to you for financial support. Remember, you are not obligated to support your family financially. Setting boundaries and prioritizing your financial goals can help you and your loved ones have a brighter future. Click the image below for assistance with managing your budget and tactics for telling your family no.

Why Financial Education Matters Now More Than Ever In today's complex financial landscape, children face challenges their parents never encountered. From digital payments to subscription services, modern kids need financial literacy skills earlier than previous generations. When you involve your children in family financial discussions, you're not just teaching them about money—you're preparing them for: Making informed spending decisions as teenagers Understanding the value of hard work and earning Developing goal-setting and planning skills Building confidence in financial discussions Creating a foundation for future wealth building The Family Budget: Your Child's First Financial Lesson Opening the Books: How to Share Your Budget Opening your monthly budget tracker with your children might feel vulnerable, but it's one of the most powerful teaching tools available. Here's how to approach this conversation effectively: Start with the positive. Show your income first. Explain where money comes from—your job, your partner's job, or other income sources. This helps children understand that money doesn't magically appear; it's earned through work and effort. Then reveal the reality. Walk through your monthly expenses systematically. As your child watches the available funds decrease with each expense category, they'll experience a genuine "wake-up call" about the cost of living. This visual demonstration is much more impactful than saying, "money doesn't grow on trees." Categories to review together: Housing costs (rent/mortgage, utilities, insurance) Transportation (car payments, gas, maintenance) Food and groceries Healthcare and insurance Savings and investments Entertainment and discretionary spending Making Budget Reviews Age-Appropriate Ages 5-8: Focus on basic concepts like income versus expenses using simple numbers and visual aids. Ages 9-12: Introduce percentage concepts. Let them help calculate totals using a calculator. Ages 13+: Discuss complex topics like taxes, insurance, and long-term financial planning. Pro tip: Use this opportunity to address your child's misconceptions about your family's financial situation. Many kids assume their parents have unlimited money, while others worry unnecessarily about financial security. See my feature in Conversations To Have Once Your Teen Starts Earning Money . Building Generational Wealth Through Financial Education Teaching your children about family finances today creates a ripple effect that can impact generations. When children understand money management from an early age, they're more likely to: Avoid common financial mistakes in young adulthood Start investing and saving earlier in their careers Make informed decisions about education and career paths Pass financial literacy skills to their children Build wealth rather than just earn income This generational approach to financial education transforms family finances from a source of stress into a tool for lasting prosperity. Setting Financial Goals as a Family: Beyond "Leftover Money" Why Goal Setting Transforms Financial Behavior Once you've reviewed the family budget, you may find additional funds available for savings or specific purposes. This is the perfect moment to introduce intentional money management through goal setting. Children often struggle with abstract concepts like "saving for the future." However, when you connect saving to specific, meaningful goals, the behavior becomes purposeful and motivating. Instead of viewing remaining money as "leftover funds," help your child understand that every dollar has a designated purpose. Types of Financial Goals to Discuss Short-term family goals (3-6 months): Family vacation fund Home improvement projects Emergency fund building Holiday and birthday gift savings Medium-term goals (1-2 years): Car replacement fund Education savings Major purchase planning (appliances, furniture) Long-term goals (5+ years): Retirement planning Children's college funds Homeownership or home upgrades Generational wealth building Teaching Goal-Setting Skills Help your child develop their own financial goals alongside family goals. This parallel learning reinforces the importance of purposeful saving while giving them hands-on practice. Encourage them to set goals for: Toys or games they want to purchase Money for charitable giving Savings for future opportunities Building their own emergency fund Creating Open Money Dialogues: Questions That Build Understanding The Power of Financial Communication Creating a dialogue around money shows that financial discussions are normal and encouraged in your family. This openness breaks down barriers. It builds your child's confidence to ask questions and seek guidance throughout their life. Regular money conversations help you address financial anxiety, correct misconceptions, and reinforce positive money behaviors. Establishing a comfortable environment where money talks are casual, not intimidating, is essential. Questions to Ask Your Children Discovery questions: "What questions do you have about our family's money?" "What have you noticed about how our family spends money?" "Is there anything about money that confuses or worries you?" Teaching questions: "Why do you think we prioritize certain expenses over others?" "How can we save money as a family?" "What would happen if we spent all our income without saving anything?" Goal-oriented questions: "What would you like our family to save money for?" "How long would it take us to save for [specific goal]?" "What do you hope to save your own money for?" When You Don't Have All the Answers Admitting when you don't know something about finances is perfectly acceptable- and often beneficial. This creates learning opportunities for the entire family. It shows that financial education is an ongoing process, even for adults. Phrases that build trust and learning: "That's a great question. Let's research that together." "I'm not sure. How could we find out?" "That's something I also need to learn more about!" Age-Specific Strategies for Financial Education Early Elementary (Ages 5-8) Use visual aids and simple math. Focus on needs versus wants. Introduce basic earning through age-appropriate chores. Practice counting money and making change. Late Elementary (Ages 9-12) Involve them in grocery shopping and price comparisons. Introduce percentages and basic interest concepts. Discuss advertising and marketing influences. Help them open their first savings account. Middle School (Ages 13-15) Discuss family financial decisions and trade-offs. Introduce budgeting for their expenses. Explore different career paths and associated earning potential. Start conversations about college costs and planning. High School (Ages 16-18) Review college financing options together. Discuss credit, debt, and responsible borrowing. Explore investment basics and compound interest. Practice "real world" budgeting scenarios. Resources for Continued Learning Building financial literacy is an ongoing journey for both parents and children. Consider exploring: Books and educational materials specifically designed for children's financial education. Online resources from reputable financial education organizations. Family-friendly financial apps that make money management engaging. Community workshops on financial literacy for families. Ready to enhance your child's financial education journey? Explore our collection of age-appropriate financial literacy tools and resources for families committed to building strong money habits together. What financial concepts do you plan to discuss with your children first? Share your family's money learning journey and inspire other parents to start these important conversations.

Photo by Alexander Mils on Unsplash In 2023 COLA increases for disabled military veterans and retirees are expected to increase by 8.7%. This is shaping up to be the most significant increase over the last 40 years. In 2020 increases were less than 1.7%; in 2021, increases were less than 1.4%; in 2022, increases were less than 6%. 1 Many military veterans depend on their disability and retirement pay to cover food, healthcare, and housing costs. With inflation making it more difficult to afford these items, the expected increase will be a welcome addition to their monthly budget. How Much is the VA Disabilty COLA Increase Going to Be for 2023? The amount of the COLA increase in your VA Disability increases for 2023 will vary based on your disability rating and the size of your family. If you are a 60% disabled veteran with one child, you will see your $1,288.03 payment increase to $1,400.65. That's an increase of $112.62 monthly. Not to mention that this increase is tax-free at the 60% rating. This increase can help cover a significant portion of a veteran's and their child's food budget for the month. Do you have additional children or a spouse? Here's an example: $1,400.65 (veteran with 1 child) + 60.00 (additional child under age 18) + 194.00 (additional child over 18 in a qualifying school program Total $1,654.65 You can use the same calculation to determine how much your monthly retirement pay could increase. If you are a retired military veteran and receive VA Disability pay, you could see even more income in your monthly budget to help you afford your monthly expenses. Related 11 practical ways Retirees can learn more about Personal Finance What Should You Do with Your COLA Increase? There are a few things you can do with this unprecedented COLA increase. However, the first thing you should do is ensure that your basic needs are met. For example, ensure you have enough groceries at home and that your other physiological safety and security needs are taken care of. Then you can focus on other areas of your life that can put you in a better financial situation due to the COLA increase. Here are a few things you can do with your COLA increase: Adjust your budget for the new year to reflect the pay increase. Save some or all of it for your future goals. Pay down your outstanding debt. Start an emergency fund. Treat yourself, but not too excessively. Whatever you do, and whatever the percentage of the COLA increase is, ensure that you manage it well. Related Control Your Finances By Setting SMART Goals And Talking About Them With Annette Harris VA Disability Compensation Resources Current VA Disability Compensation Rates 2021 VA Disability Compensation Rates Historical Cola Increases

Photo by Kenny Eliason via Unsplash Imagine receiving a notification from Lifelock or your credit card company informing you that your social security number has been discovered on the dark web. In the digital era, it is becoming increasingly common for personal information to be compromised, and figuring out how your information was exposed is rare. This could have resulted from swiping your credit card, attending an educational institution, providing your information to your doctor, or even a breach that occurred through your employer. Unfortunately, this has happened to me, and I will provide you with tips to safeguard yourself if your information is discovered on the dark web. How to Protect Your Identity if Your Social Security Number is Leaked on the Dark Web Add a Freeze or Lock on Your Credit Add a Bank Security Freeze Add a Utilities Security Freeze Add an Employment Data Freeze Contact the IRS to receive an Identity Theft Pin Credit Freeze vs. Credit Lock Credit Freeze A credit freeze is similar to a credit lock, but a credit freeze provides you with more protection when opening new accounts in your name. When you place a credit freeze on your account and want to get credit in the future, you will need to lift the freeze from your account. If you call on the phone or visit an agency online the freeze can take about an hour to be removed from your account. You will also need to remember the pin numbers you were provided to lift the freeze, so keeping all your pin numbers in a safe place is important. Credit freezes are also free because they are mandated and governed by federal law, but they are slower to activate and deactivate than a credit lock. Contact TransUnion , Equifax , and Experian to put a freeze on your account. Credit Locks Credit locks also prevent access to opening an account in your name. However, they aren't as restrictive as a credit freeze. If someone has access to your social security number, date of birth, and other sensitive information, they can provide this to the creditor and open an account in your name. Also, since they don't require a PIN number to unlock or lock your credit, you may be susceptible to future identity theft problems. Unlike credit freezes, credit locks may or may not be free, but they are faster to put on your account than a freeze. However, they are not governed by federal law, so you aren't offered legal protection besides what the credit bureau provides. You should use a credit freeze for significant data breaches of your identity theft, such as the exposure of your social security number. You can use a credit lock in instances where your Amazon account, credit card account, or other smaller breaches have occurred. See my feature in The Penny Hoarder: 9 Habits of People With 800 Credit Scores Bank Security Freeze It is crucial to have a bank security freeze to protect your identity from being stolen and used by someone else to open a bank account in your name. This could lead to the misuse of your finances or even result in money laundering, causing significant harm to your financial reputation. By placing a security freeze on your ChexSystems report, you can limit access and make it difficult for anyone to open an account in your name. My Social Security Number was Found on the Dark Web Utilities Security Freeze Identity thieves can open phone, electricity, water, and other utility accounts, accruing charges in your name and damaging your credit. Like a credit freeze, a utility security freeze restricts access to your utility account information. This helps prevent identity thieves from opening new utility accounts in your name and racking up charges you may end up being responsible for. There's a central organization called the National Consumer Telecom & Utilities Exchange (NCTUE) that manages utility security freezes. See my feature in GoBankingRates:   Black Americans Are More Likely To Be Denied Credit — Here's Why, According to Experts How Does the Utility Freeze Work Access to Your Information is Limited: With the freeze in place, utility companies that subscribe to the NCTUE service won't be able to access your full account history. It is important to note that not all utility companies participate in the NCTUE service. Temporary Lifting: If you're applying for a new utility service, you'll need to lift the freeze temporarily. This can usually be done online or by phone through the NCTUE. Remember to refreeze your report after your application is processed. Employment Data Freeze I reached out to E-Verify to request a freeze on my employment data. As someone who works in human resources, I understand the significance of safeguarding your employment information. Placing a freeze on your account is crucial in protecting yourself against identity theft, which can lead to false employment and unreported wages, potentially resulting in an IRS audit. This freeze is particularly important as it prevents unauthorized access to your work status information, which is often used for background screening and verification by the United States Citizenship and Immigration Services (USCIS). The Work Number is an organization that may have access to your prior employment history. Many lenders use The Work Number to verify your employment and compensation history when you apply for credit. Limiting access to this data is crucial to ensure that your employment history information is not used to obtain a personal or mortgage loan, among other types of credit. Requesting an Identity Protection PIN When filing your taxes, you may have noticed a checkbox asking if you or your spouse received an identity theft pin. It's easy to overlook and mark "n" without much thought. However, it is crucial to be aware that identity thieves who gain employment using your name could file a tax return on your behalf and prevent you from filing your taxes on time. They could also receive your expected tax refund or even lead you to pay taxes for income that you did not earn. Therefore, it is essential to take this step seriously and obtain an identity theft pin from the IRS to prevent this type of fraud. When I filed my taxes recently, I located my Identity Protection PIN (IP PIN), but it had expired, so the IRS rejected my return. I had to request a new PIN since it was only valid for one tax year. Luckily, I had already set up my IRS account online, so I was easily able to retrieve a new IP PIN and file my taxes successfully. What Next in Protecting Your Identity? Taking proactive steps to safeguard your personal information is essential in today's digital age. Adding a freeze or lock on credit, bank security freeze, utilities security freeze, and employment data freeze can significantly reduce the risk of identity theft. These tips are practical, easy to implement, and can make a significant difference in protecting your financial and personal information. So, don't wait for an unfortunate incident to occur. Take the necessary steps today to protect yourself from identity theft and stay safe online! If you need assistance with protecting your identity, get assistance today. See my feature in Forbes: Why is it Hard to Become Financially Independent

Photo by Elijah Mears via Unsplash Have you ever wondered why your grandmother insists you shouldn't put your purse on the floor? Or why finding a penny might make your day? Discover the surprising origins and meanings behind common money superstitions that have shaped financial beliefs for generations. The Power of Financial Folklore Money superstitions have been passed down through families for centuries, influencing how people handle, store, and think about their finances. While some dismiss these beliefs as mere folklore, others swear by their effectiveness. Whether these superstitions work through the power of suggestion, coincidence, or something more mysterious, they continue to fascinate us and shape our relationship with money. Let's explore eight of the most compelling money superstitions from around the world and the cultural meanings behind them. Unbelievable Money Superstitions Never Put Your Purse On the Floor, or You'll Lose Your Money   When Your Palms Itch, You Have Money Coming or Going Eating Greens On New Year's Day   See a Penny Pick it Up, and You'll Have Good Luck   Getting Pooped on By a Bird Brings Good Luck/Fortune Banks Can't Keep Your Money Safe During a Recession Putting Money Face Down is Bad Luck Different Colors Attract Money in Different Ways Never Put Your Purse on the Floor (Or You'll Lose Your Money) Origin : This widespread superstition has roots in several cultures, particularly in Latin America, where "la bolsa en el suelo es dinero que se va" (a purse on the floor is money that goes away) is a common saying. What It Means : Placing your purse or wallet on the floor symbolizes disrespect for your wealth. The belief suggests that if you don't value your money enough to keep it elevated, the universe won't value sending more money your way. Modern Interpretation : Beyond superstition, there's practical wisdom here - floors harbor bacteria and dirt, and placing valuable possessions there increases the risk of forgetting them. Instead, use purse hooks at restaurants or keep your bag on a chair to protect your possessions and financial energy. Itchy Palms Signal Money Coming (or Going) Origin : This superstition dates back to ancient times and appears in various forms across European and African traditions. What It Means : An itchy right palm supposedly means money coming in, while an itchy left palm signals money going out. However, in some cultures, these meanings are reversed. Modern Interpretation : While there's no scientific evidence connecting palm itchiness to financial gains, this belief persists as a hopeful sign for many. Perhaps the real value lies in the mindfulness it creates around financial opportunities when you're expecting money to appear. Eating Greens On New Year's Day Brings Prosperity Origin : This tradition has strong roots in Southern United States culture, particularly within African American communities. What It Means : Eating collard greens, mustard greens, or turnip greens on New Year's Day symbolizes financial prosperity for the coming year. The green color represents money, while the accompanying black-eyed peas represent coins. Modern Interpretation : Starting the year with nutritious foods sets a healthy pattern. Plus, intentionally focusing on prosperity during the first day of the year might subconsciously guide your financial decisions throughout the following months. See a Penny Pick it Up, and You'll Have Good Luck Origin : This rhyming superstition dates back centuries in British and American folklore. What It Means : Finding a penny with Abraham Lincoln's face up is considered good luck, while a face-down penny might bring bad fortune. Modern Interpretation : The real value might not be in the penny itself but in training yourself to notice small opportunities and take action. People who develop the habit of recognizing and seizing small opportunities often find larger ones. Getting Pooped on By a Bird - It's a Good Sign Origin : This unusual superstition exists across multiple cultures, including Russian, Turkish, and Italian traditions. What It Means : If a bird happens to relieve itself on you, your car, or your property, it's considered an omen of incoming wealth and good fortune. Modern Interpretation : While very messy, this superstition offers a valuable perspective on finding silver linings in unpleasant situations. Sometimes, financial opportunities come disguised as problems or inconveniences. Banks Can't Keep Your Money Safe During a Recession Origin : Economic downturns throughout history have created anxiety about the safety of financial institutions. What It Means : Some believe banks can't protect your money during economic crises, leading to the practice of withdrawing cash and storing it at home. Modern Interpretation : Unlike other superstitions, this belief can be addressed with facts. In the United States, the FDIC protects deposits up to $250,000 per depositor, per bank. If you have more than this amount, spreading funds across different account types or institutions provides additional protection - no superstition required. Putting Money Face Down is Bad Luck Origin : This superstition has roots in Chinese culture, where "sleeping money" (face-down currency) is considered unlucky. What It Means : When money is placed face-down, it's said to be "sleeping" and unable to attract more wealth. Keeping bills face-up supposedly activates their energy to draw more prosperity. Modern Interpretation : This practice encourages mindfulness about how we handle money. Being intentional and respectful with money might influence our financial habits and attitudes. Different Colors Attract Money in Different Ways Origin : These beliefs stem largely from Feng Shui principles and color psychology across various cultures. What It Means : Different colors are believed to attract financial energy in unique ways: Gold : Represents luxury and opulence Green : Symbolizes growth and abundance White : Creates mental clarity for financial decisions Red : Activates energy and passion, including around money matters Modern Interpretation : Color psychology does influence mood and behavior. Surrounding yourself with colors that make you feel abundant and confident might indirectly support financial success through positive mindset shifts. Global Money Superstitions Worth Noting Money folklore exists in every culture. Here are a few fascinating international beliefs: In China , lending money on New Year's Day is considered bad luck. If you do, you'll be lending money all year. In Japan , giving someone an empty wallet as a gift is considered bad luck. Always include a coin in it for good luck. In Italy and Russia , counting money after dark is considered bad luck. It can decrease your wealth. In Russia and Brazil , stepping on money is considered bad luck. Beyond Superstition: Creating Your Financial Reality Want to learn more about superstitions? Check out this history of superstitions from A-Z with The Encylopedia of Superstitions . (Ad) While money superstitions make for fascinating cultural studies, financial success comes from deliberate planning rather than magical thinking. The most powerful approach combines: Awareness  of your financial habits and patterns Education  about effective money management Planning  with clear goals and actionable steps Consistency  in saving and investing Patience  as your financial foundation grows Your Turn: Share Your Money Superstitions Do you have a favorite money superstition passed down through your family? Have you experienced any seemingly magical financial coincidences? Share your stories in the comments below—we'd love to hear about the financial folklore shaping your relationship with money! Are you looking to move beyond superstition to real financial education?  Check out my children's book series "Mommy, Can You Teach Me?" that helps parents introduce essential money concepts to kids in an engaging, accessible way. Learn more about teaching children financial literacy through storytelling →

Are you drowning in debt, living paycheck to paycheck, or simply feeling overwhelmed by your finances? You're not alone. According to recent studies, 64% of Americans live paycheck to paycheck, and financial stress affects millions daily. The good news? Your financial situation isn't permanent. The right knowledge and guidance can transform your relationship with money and set you on the path to financial freedom. After consulting with top financial coaches, business leaders, and money experts, I've compiled a list of personal finance books for beginners  that can change your financial life. These aren't just theoretical concepts – they're practical, actionable guides that have helped countless people escape debt, build wealth, and achieve financial peace of mind. As an Amazon Associate I earn from qualifying purchases. Why Reading Personal Finance Books Matters Before diving into our recommendations, let's address why books remain one of the most effective ways to learn about money management: Cost-effective education : For less than $20, you get decades of financial wisdom Learn at your own pace : No pressure from salespeople or time constraints Multiple perspectives : Different authors offer various approaches to find what works for you Proven strategies : These books contain time-tested methods that have worked for millions The 12 Best Personal Finance Books for Beginners 1. Your Money Or Your Life by Vicki Robin Best for: Changing your relationship with work and money This transformative book helps you calculate your hourly wage by factoring in commuting costs, work-related stress, and time away from family. It's not just about budgeting – it's about understanding what your time is worth. Key takeaway : Learn to evaluate purchases based on hours of work required, not just dollar amounts. Expert insight from Kristine Thorndyke, Test Prep Nerds : "This is an oldie but goodie when it comes to evaluating the true 'hourly rate' from your job and what additional costs you may incur from your work, such as commuting, health, de-stressing activities, etc. This helps to put your work into perspective, consider other jobs that may have a higher 'hourly rate,' and also use this hourly rate to reconsider the items you may want to buy (or not) given the true 'cost.' The end goal is to save for early retirement, in which you are able to stop working when you are healthy and happy and satisfied with what you have." 2. Surviving Debt by National Consumer Law Center Best for: Dealing with overwhelming debt If debt collectors are calling or you're facing financial hardship, this book is your survival guide. It is published by consumer law experts and provides legal strategies and practical advice for managing debt crises. What you'll learn : How to prioritize which debts to pay first Legal rights when dealing with debt collectors Sample letters for responding to creditors How to identify and avoid debt-related scams Expert insight from Annette Harris, Harris Financial Coaching : "Surviving Debt was published by the National Consumer Law Center and provides helpful advice for various debt situations. You can find ways to establish a budget, prioritize debts, respond to debt collectors, and know how to avoid and identify scams. Surviving Debt also provides valuable tools and resources to help you get out of debt, including sample debt response letters, bankruptcy resources, and agencies you can contact to find additional help."t response letters, bankruptcy resources, and agencies you can contact to find additional help. 3. The Mountain is You by Brianna Wiest Best for: Overcoming mental barriers to financial success Financial problems often stem from internal obstacles rather than external circumstances. This book helps you identify and overcome self-sabotaging behaviors that keep you stuck in poor financial patterns. Why it matters : Many people know what to do with money but struggle with the emotional and psychological aspects of change. Expert insight from Jonathan Zacharias, GR0 : "The Mountain is You, by Brianna Wiest, is a fantastic book that can help you look within to determine how you can deal with financial challenges in your life. Oftentimes, 'the mountain' is a symbol of the big challenges we encounter in our lives, especially ones that seem insurmountable. Almost always, problems with finances seem impossible to figure out. To overcome these mountains, we actually have to do the deep internal work of understanding how we got ourselves into our current situation. Ultimately, it is not the mountain that we conquer but ourselves." 4. Nickel and Dimed by Barbara Ehrenreich Best for: Understanding the reality of low-wage work This eye-opening book follows the author's attempt to survive on minimum-wage jobs. It's essential reading for understanding the challenges faced by working-class Americans and developing empathy for financial struggles. Perfect for : Young adults entering the workforce or anyone seeking a perspective on economic inequality. Expert insight from Rob Bartlett, WTFast : "Nickel and Dimed by Barbara Ehrenreich is a great book for young people learning about finances and adults seeking better financial practices. It's a classic book that can help build a good foundation for monetary practices or lead to someone reassessing bad habits. While there are more specialized books for businesses, investments, and retirement packages, this book is a great place to start." 5. The 80/20 Principle by Richard Koch Best for: Maximizing your financial efforts Discover how to apply the Pareto Principle to your finances. Learn which 20% of your actions produce 80% of your results, helping you focus your energy where it matters most. Key applications : Identifying which expenses to cut first Focusing on high-impact income strategies Streamlining your financial management Expert insight from Jorge Vivar, Mode : "The 80/20 Principle: The Secret to Achieving More with Less by Richard Koch is a book I recommend to anyone who is facing financial problems on an ongoing basis. The premise is that 80% of all our results in business and life come from 20% of our efforts. Individuals who follow this principle tend to do well in their personal and professional lives. The key is to focus on factors in life that we can control and put our energy in the right places." 6. I Will Teach You to Be Rich by Ramit Sethi Best for: Practical, step-by-step financial systems Sethi's no-nonsense approach focuses on automation and systems rather than restriction and shame. This book is perfect for people who want to spend on what they love while still building wealth. What makes it different : Emphasizes conscious spending over extreme frugality. Expert insight from Carly Hill, VirtualHolidayParty.com : "'I Will Teach You to Be Rich' by Ramit Sethi is one of my go-to recommendations for financial health how-to. The book breaks down financial literacy into simple steps and best practices. It has an emphasis on aligning your priorities and financial means and designing a sustainable system rather than simply trying to abstain from spending. Rather than shame spenders, Sethi shames financial institutions that seek to fleece consumers and make the process confusing, outlines some more client-centric companies, and lays out simple strategies to be smarter about money, pay down debt, manage bills, and invest for the future." 7. Rich Dad Poor Dad by Robert T. Kiyosaki Best for: Shifting your money mindset This classic challenges conventional wisdom about money, work, and wealth building. While some strategies may be dated, the core concepts about assets vs. liabilities remain powerful. Core lesson : The rich buy assets; the poor buy liabilities they think are assets. Expert insight from Agata Szczepanek, MyPerfectResume : "'Rich Dad, Poor Dad' by Robert T. Kiyosaki. It is an excellent book on how to develop financial intelligence. What's more, it advocates the importance of financial literacy. I appreciate that the book doesn't give you ready-made solutions. It instead provokes thought, encourages self-analysis, and guides you. Thanks to that, you can reshape your attitudes towards money. Very inspiring, insightful, and written in a 'nice-to-read' manner." 8. The Psychology of Money by Morgan Housel Best for: Understanding your financial behavior This modern classic explores why smart people make poor financial decisions and how emotions drive our money choices. It's essential reading for anyone who struggles with impulse spending or investment decisions. Key insight : Financial success is more about behavior than intelligence. Expert insight from Yooseok Gong, Ohora : "The Psychology of Money by Morgan Housel is an excellent investigation into further understanding human behavior and money. The success of this book is the deep dive into the human psyche and gaining further insight into why your mood can increase and decrease spending habits. Lastly, if financial problems are a struggle, get to the root of why you spend and shift your thinking. An incredible book that opens opportunities for enlightenment and improving your financial state." 9. Money, A Love Story by Kate Northrup Best for: Healing your relationship with money Before you can fix your finances, you need to address your emotional relationship with money. This compassionate book helps you uncover and heal money wounds that may sabotage your financial success. Why it works : Written by someone who overcame their own debt struggles, offering hope and practical solutions. Expert insight from Steve Mascarin, Taunton Village Dental : "Many good books are on the market, and those with practical advice are helpful. However, I think you must get to the root of the problem before you solve your financial woes. The root is your relationship with money. For that, a good place to start is reading 'Money, A Love Story: Untangle Your Financial Woes and Create the Life You Really Want' by Kate Northrup. This is a great book because the author doesn't judge you. She paid off thousands in debt herself. Often, practical books leave you feeling like you can't get there from here, but this book leaves you with the feeling that the author understands you. She can guide you out of your financial mess with doable solutions you can implement now." 10. Broke Millennial by Erin Lowry Best for: Young adults navigating modern financial challenges Written specifically for millennials facing unique financial challenges like student loans, gig economy work, and delayed homeownership. The author addresses these issues with humor and practical advice. Perfect timing : Tackles financial challenges specific to the current economic climate. Expert insight from Shivanshi Srivastava, PaydayLoansUK : "Millennials are often defamed for having poor financial habits. Therefore, the book Broke Millennial: Stop Scraping by and Get Your Financial Life Together is the best one to help you solve your financial riddles. This book was published in 2017, and it's about personal finance written by a millennial for millennials. It has been seen that people are saddled with student loan debt, and encountering an economy where gigs are in and lifetime employment is out; it's difficult to blame them. The author of this book, who kick-started as a financial professional, wrote a blog of the same name and made videos for a famous YouTube channel." 11. You're So Money: Live Rich Even When You're Not by Farnoosh Torabi Best for: Practical advice with personality Torabi's approachable writing style makes complex financial concepts easy to understand. This book proves you can live well while building wealth, even on a modest income. What sets it apart : Combines practical advice with an engaging, humorous writing style. Expert insight from Mehtab Ahmed, LoansJury : "This personal finance book by Farnoosh Torabi is written in humorous language that is easy to follow and ensures better comprehension of the different personal finance concepts the author introduces in the book. I love this book because it is practical and offers realistic steps to reducing your debt level, budgeting your income, saving, and investing. She captures the readers with her excellent narration and her experience as the best teacher." 12. The Total Money Makeover by Dave Ramsey Best for: Complete financial transformation Ramsey's systematic approach to eliminating debt and building wealth has helped millions achieve financial freedom. His "baby steps" method provides a clear roadmap from debt to wealth. The Ramsey Method : Build a $1,000 emergency fund Pay off all debt except the house Build a full emergency fund Invest 15% of income for retirement Save for children's college Pay off the house early Build wealth and give generously Expert insight from Riley Beam, Douglas R. Beam, P.A. : "Financial problems can only be resolved when you have a blanket solution that works on every level. Unless you put such a comprehensive solution to work, there will always be leaks in your financial boat. This book from Dave Ramsey gives you the right plans, helps you unravel myths, and nudges you to take practical action to make your personal financial position stronger. From showing you how to work towards living a debt-free life to teaching you just how you can build a growth-oriented financial future with the resources you have at hand, this book does it all." How to Choose the Right Book for Your Situation With 12 excellent options, how do you choose where to start? Consider your current financial situation: If you're drowning in debt : Start with "Surviving Debt" or "The Total Money Makeover" If you struggle with money mindset : Begin with "Money, A Love Story" or "The Psychology of Money" If you're young and just starting out : "Broke Millennial" or "I Will Teach You to Be Rich" If you want to understand work-life balance : "Your Money Or Your Life" If you need motivation and perspective : "Rich Dad Poor Dad" or "The Mountain is You" Creating Your Personal Finance Reading Plan Don't try to read all 12 books at once. Instead, create a strategic reading plan: Choose one book  that addresses your most pressing financial concern Read actively  – take notes and highlight key passages Implement immediately  – don't wait to finish the book to start applying what you learn Move to the next book  only after you've implemented at least one major strategy from your current read Common Financial Mistakes These Books Help You Avoid Not having an emergency fund  – Leading to credit card debt during crises Lifestyle inflation  – Spending increases matching income increases Ignoring high-interest debt  – Focusing on investments while carrying credit card debt No clear financial goals  – Making it impossible to measure progress Emotional spending  – Using shopping as therapy or stress relief Delaying retirement savings  – Missing out on compound interest Not tracking expenses  – Wondering where your money goes each month Frequently Asked Questions Q: Do I need to read these books in order? A: No, each book stands alone. Choose based on your most pressing financial needs. Q: How long does it take to see results? A: You can implement strategies immediately, but significant financial change typically takes 3-6 months of consistent action. Q: Are these books suitable for all income levels? A: Yes, these principles apply whether you earn $30,000 or $300,000 annually. Q: What if I don't like reading? A: Most of these books are available as audiobooks, and many authors have podcasts or YouTube channels with similar content. Your Financial Transformation Starts Today Financial stress doesn't have to be permanent. These 12 books contain the collective wisdom of financial experts who have helped millions transform their financial lives. The question isn't whether you can afford to buy these books – it's whether you can afford not to. One book costs less than most people spend on coffee in a week, yet the knowledge inside could save you thousands of dollars and years of financial stress. Choose one book that resonates with your current situation, order it today, and commit to reading just 10 pages per day. In three weeks, you'll have finished your first financial education book and be well on your way to the financial freedom you deserve. Remember: The best time to plant a tree was 20 years ago. The second-best time is now.  Your financial future begins with the next page you read. Ready to start your financial transformation?  Pick your first book from our expert-curated list and take the first step toward financial freedom today. Your future self will thank you. What financial challenge are you most eager to overcome? Share your thoughts in the comments below, and let's support each other on this journey to financial wellness. Updated: May 22, 2025

Empower your children with essential money skills through engaging stories that transform complex financial concepts into relatable adventures. Why Financial Literacy Matters for Children Raising financially savvy kids starts young. In today's complex economic landscape, teaching children about money management is just as important as other fundamental life skills. The "Mommy, Can You Teach Me?" series by author Annette Harris tackles money matters head-on, transforming abstract financial concepts into relatable adventures that children can understand and enjoy. Meet the "Mommy, Can You Teach Me?" Financial Literacy Series for Kids This comprehensive collection of children's books about money features siblings Destiny and Trey, whose curiosity about finances leads them through engaging stories that build essential money skills step by step. Book 1: Mommy, Can You Teach Me About Money? The perfect introduction to money basics for young children In this foundational book, young Destiny learns about: Different types of coins and bills How parents earn money through work Various ways children can earn their own money Basic concepts of saving and spending The book includes interactive activities designed to reinforce money recognition and value concepts, making it the perfect starting point for your child's financial education journey. Book 2: Mommy, Can You Teach Me How to Budget? Help your child master the art of planning and prioritizing Trey joins Destiny as they explore: Understanding income and expenses Distinguishing between needs and wants Setting meaningful financial goals Creating simple budgets to achieve their dreams Through practical examples and relatable scenarios, children learn that budgeting isn't about restriction—it's about making smart choices to get what you really want. Book 3: Mommy, Can You Teach Me How to Save? Transform saving from a chore into an exciting adventure Join Destiny as she discovers: The power of delayed gratification Setting meaningful savings goals The difference between piggy banks and savings accounts Creating vision boards to visualize financial goals The exciting concept of watching money grow over time This book makes saving feel like a superpower rather than a sacrifice, teaching children that patience brings rewards. Book 4: Mom, Can You Teach Me How to Invest? Prepare teens and young adults for financial independence As Destiny and Trey grow into teenagers, they explore: The basics of investing in stocks, mutual funds, and ETFs How investments can grow money over time Risk assessment and diversification Setting long-term financial goals This advanced book uses relatable examples and interactive reflection questions to help older children identify their motivations for investing and begin their journey toward financial independence. Why Parents and Children Love These Financial Literacy Books For Children: Relatable Characters : Destiny and Trey grow and learn just like your child, asking questions and seeking answers. Engaging Storytelling : Warm, humorous narratives make financial concepts accessible and fun. Vibrant Illustrations : Colorful visuals bring abstract money concepts to life. Interactive Elements : Activities and exercises reinforce learning through hands-on experiences. For Parents: Conversation Starters : Each book provides discussion prompts to continue money talks beyond reading time. Age-Appropriate Content : Concepts are introduced in a developmental sequence that grows with your child. Practical Application : Tips for implementing financial lessons in everyday family life. Long-Term Impact : Build a foundation for healthy money habits that will benefit your child for life. Begin Your Child's Financial Literacy Journey Today The "Mommy, Can You Teach Me?" series is more than just a collection of children's books about money—it's an investment in your child's future. By introducing financial concepts early through engaging stories, you're giving your child tools for success that many adults wish they had learned in childhood. Click here to explore the complete "Mommy, Can You Teach Me?" money series and take the first step toward raising financially confident children! Annette Harris's financial literacy series for children has helped thousands of families start important conversations about money. Join the community of parents who are empowering the next generation of financial decision-makers. Have you started teaching your children about money? Share your experiences in the comments below!