The Financial Diet
How to get good with money, even if you have no idea where to start.
The Financial Diet is the personal finance book for people who don’t care about personal finance. Whether you’re in need of an overspending detox, buried under student debt, or just trying to figure out how to live on an entry-level salary, The Financial Diet gives you tools to make a budget, understan...more
However, I'm not sure that that this listicle-style approach translates well to a book, particularly a book that ...more
What made me give this book one star (i.e. the lowest rating allowed—I'd give it negative stars if I could!) was how some of the information was just plain wrong. Like criminally wrong. So wrong that if you followed it, other poor fellow unf ...more
I like some of The Financial Diet's YouTube videos, but this book misses the mark.
To start off, I want to point out that this book has a few lines of good advice in it that are worth pulling out for future reference. However, I wouldn't recommend anyone to read it just for those tidbits, because I think the rest of the book is both useless and full of misinformation. I'll leave a few of my personal recommendations below for books that I feel are better starter personal finance books ...more
I enjoyed the pictures more than the content. It's geared towards millennial women so it is very Instagram and Pinterest worthy in regards to layout/color/pictures. It has a few good tips in it (for example Chelsea says to save in 3 different accounts - one emergency fund you can easily access, one investment fund that can be liquidated if needed and then a long investment fund all of which I personally agree with) but overall it talks down to the reader. And yes I understand this is a beginn ...more
I've been following The Financial Diet Youtube for a year and they make really great and very informative videos about saving money/finance! Highly recommend it, so when I discovered they had a book, I just had to pick it up!
The Financial Diet is not only informative, but easily explores different elements to finance, offers advice for different areas of life (personal, career, home, relationships, budgeting etc.) for those who aren't exactly sure where to start.
I've been ...more
BUT I really loved the chapters on careers and relationships, both had great advice. And I also appreciated their stance that being good with money isn't about depriving yourself, but about knowing where your money is goin ...more
This book didn't "click" with me. This book was absolutely written with a Millennial reader in mind.
The first indication that this wasn't the book for me was when I read that the author, Chelsea Fagan, had a "tendency to blow thousands of dollars a month on eating out." My response? "Whoa, who has THOUSANDS of dollars A MONTH to spend on food?!"
The second indication that this wasn't ...more
"Saving money isn't about depriving yourself. It's about deciding you love Future You as much as you love Today You."It's been a few months since I finished reading this book and life has been super hectic lately, that's why I'm writing this review 2 months late 😂. I'll try my best to write this review based on what I remember about this book. Since I'm now in my mid-20s, I'm slowly becoming more aware about my finances and wanted to get better at managing my money. To be honest, I used to b ...more
Since working on my finances is a goal for me this year, i was eager to have a good beginners guide that was accessible and informative. I would say this delivered on inspiring me to learn more about finances, but it didn’t really have a lot of the information a handbook should have.
There were a few tips and tidbits that stood out to me, li ...more
In THE FINANCIAL DIET, author Chelsea Fagan provides a ton of practical ways to manage your money, as well as ideas on furthering your career. In the beginning pages, the author admits to her many foolish decisions as a kid. In particular, she laments this big mistake: “The day I turned eighteen, I acquired my little card full of free money, and maxed it out within a month and a half of delirious spending.”
I bet a lot of readers can identify with the foolhardy ...more
As a millennial/ gen-z this book was a wonderful jumping off point for me and I would highly recommend it to other people with financial dreams but no concrete understandi ...more
But there's truly not much to be learned from this book – the chapter on investing was just explaining that it isn't all dudes on Wall Street making investments. And referring readers to the glossary for breaking down investment acronyms! One featured "ex ...more
I think I was expecting more financial info and less whatever this was. I'm thinking part of the issue is that I appear to be way older than her target audience which appears to be mid-twenties people. There were certainly some good nuggets of information or reminders of things to keep in mind, but for the most part, it came off as common sense info with topics that were all over the place.
It turns out I’m not actually the ‘total beginner’ this book is aimed at, which is both a nice surprise and rather unfortunate, considering I had bought the book only to discover this. I am also a) unable to work long-term and b) British, so really I was setting ’The Financial Diet’ an impossible task to ~speak to me~, and must take some of the blame for us not quite hitting it off.
However, it ain’t all me. There was a ...more
Money's emotional, it's tied to security and so many other things... I had to really quickly skim the second half of it because it spun me into a panic attack. I actually talked about it with my therapist. It makes me feel like being depressed in my early twenties ruined everything and there's so much I need to consider and work on, it feels overwhelming and impossible. And that's not the book/author's fault!
That being said, I absolutely already recommended ...more
This book is a helpful introduction to managing your personal finances but it seems aimed at a very limited audience - young, female professionals in the private sector, living in cities in the USA, with student loans, no dependants, and affluent backgrounds. I found most of the chapters helpful but not specific enough - for example one chapter focuses on ...more
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A bedroom you love is one in which you want to have an organized, well-cared-for wardrobe, which means less money spent replacing your battered items.
A happy, practical, smartly appointed kitchen is one you actually *want* to cook in, which means much less money spent eating out or ordering in.
A chic and comfortable living room means more entertaining at home and embracing the lost art of dinner parties (always cheaper than doing drinks and a restaurant dinner!).
Even a Zen, candle-filled, clean bathroom is one in which you want to spend time doing home spa treatments instead of feeling like you have to go somewhere expensive to feel beautiful.
If you create a home that is most attuned to your life and somewhere you really enjoy being, everything benefits.”