The third book is Living Rich for Less by Ellie Kay. If there is a book to give one’s adult child –- or even another adult — about money management, this is it. Written by a woman who was originally in $40,000 debt and who got rid of that debt within two and a half-years, this is an in-depth yet accessible book about finances. As a Christian, her principles are based on Biblical principles and the most important of all is the concept that we work to be blessed and to bless others — especially charities and the poor. The book is about saving, giving, and spending.
Kay gives the average person tools and insights about how to earn money from home, how to invest. She describes how credit cards, insurance, mortgages and fees work, for instance and shows the importance of budgeting and commitment to that budget. She also tackles debt management and tells how to get out of debt: accepting that you have a problem, actually following the lessons you’ve learned about debt, committing to applying all unexpected monies arriving into the household toward the debt, and Hope. Again, this is a Christian book and commitment to some kind of spirituality is an important part of the techniques learned here. It could even be stated that if one reads this book and learns the techniques of saving, and spending yet ignore the techniques of giving one would have missed the spirit of the book.
The fact that these books are written by Christian authors add a spirituality to them but the books aren’t particularly preachy – unless one is super-sensitive to any kind of Christianity. They are definitely books that will help all people improve their lives regardless of the faith of the reader.
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