Managing Your Money When You Don't Have Any

There can be a lot of messy emotions like guilt and shame, tied up with money. And when there’s not enough of it to go around, it gets even harder. Former financial advisor and counselor, Erik Wecks, knows all about the struggle and he wants to help you change. Not the way you spend, but what you believe about money. So he's written How To Manage Your Money When You Don't Have Any.

 How To Mange Your Money When You Don't Have Any

This post contains affiliate links. You can read the disclosure policy here. What makes this book so helpful?

1. It’s for the 78% of Americans who are living paycheck-to-paycheck. The author candidly talks about his financial struggles. And he clarifies in the introduction, “So if your concerns revolve around what will happen to your child’s financial aid when you gift them a large portfolio of stocks, this book may have little to offer you. On the other hand, if your concerns revolve around how to make sure you can afford to pay the mortgage on an upside down house so your child has a roof over their head, this book is written for you.”

2. Wecks is blunt. Things happen—medical bills, car repairs, household maintenance— and you need savings to account for those things.

“If you are paying for cable and not saving for an emergency, you may value cable more than you value your ability to pay for food, clothing, and shelter for your family.”And, “Our desired values say one thing, and financial choices say another.” It’s brutal, and it may sting, but it also may but it also may be the very thing you need to hear. 

3. Wecks includes a fictional case study about a dentist and the receptionist who works at the dentist’s office. It’s an excellent illustration that having a hefty paycheck doesn’t mean more financial security. Higher expenses can be a trapping of higher income.

Wecks lays out an 8-step financial roadmap that you can follow. He also teaches two strategies to secure your basic needs.

Live debt-free.

Live below your income and save for a rainy day. (He does acknowledge that some readers won’t be able to save because there is just no money left over.)

Currently, How To Manage Your Money When You Don’t Have Any is available on Kindle Unlimited so if you have a KU membership, you’ll be able to read it for free. If you don’t have a KU membership, you can get one here or purchase a physical copy of How To Manage Your Money When You Don’t Have Any here.


Stay On Top Of Your Financial Resolutions

Stay On Top Of Your Financial Resolutions

It’s a new year and one of your resolutions is probably financial in nature. One way to stay motivated is to read books that encourage you to stay on the path you want to follow.

Frugal Isn’t Cheap by Clare Levison is the book you want for money matters. We all know there is no magic bullet that will turn $5 into $500 or $5000. But what this book does offer is lots of practical advice.

Read More

Book Review: More Than Just Making It

More Than Just Making It: Hope for the Heart of the Financially Frustrated

By: Erin Odom

Reader Problem: You are struggling financially and there is nothing left in your budget to cut.

Author Solution: More Than Just Making It: Hope for the Heart of the Financially Frustrated

Why you should read this book: It's like a friend coming alongside you, holding your hand, and letting you know that you are not alone. Financial difficulties can happen to anyone.

Book Review: More Than Just Making It || One Book Blog

More Than Just Making It is the first financial book I’ve ever read that has really addressed the idea that maybe, just maybe, your financial difficulties are not caused by a spending problem. 

So many money books suggest that you need to cut back on the lattes and the designer shoes and your budget will be just fine. But for some people, it isn’t so simple.

Odom shares her personal story. She and her husband thought they must be doing something wrong with their money because there was barely enough to cover the basic necessities. Only after sitting down with a mentor from their church did they understand that they weren’t able to cover their bills, not because they were careless with their money, but because there wasn’t enough money coming in to pay for the basics in life, like food, housing, and medical treatment. They were part of the “working poor” defined by the Center for Poverty Research as “people who spend 27 weeks or more in a year in the labor force either working or looking for work but whose incomes fall below the poverty level.”

Odom also talks about applying for government aid, the shame she felt at needing help, and the lengths she went to to avoid having anyone she knew find out her secret.

There are also chapters covering how to create a budget, tips on meal prep and food shopping, sales, and thrift shopping, the church’s role in helping the poor, and changing how we think about those who need financial help. There are also suggestions as to how you might be able to increase your income.

While there is no magic bullet that will ease your financial difficulties, More Than Just Making It may provide some encouragement.

You can purchase More Than Just Making It at Amazon, Kobo, Barnes & Noble, and iBooks.

You can find out more about Erin at her site, The Humbled Homemaker.

*I received a digital review copy via NetGalley in exchange for feedback. There was no requirement to review this book for my blog.