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Worry-Free Money: Stop budgeting, Start Living

4.34  ·  Rating details ·  648 ratings  ·  104 reviews
What if instead of feeling guilty and anxious about money, you felt happy and secure? Shannon Lee Simmons shows you how to create a financial plan that will let you spend knowing you’ll be ready for the future

Managing your money can be frustrating and confusing. Life is expensive. It doesn’t matter if you make $40,000 or $140,000 a year, it can feel like you’re constantly
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ebook, 320 pages
Published December 19th 2017 by Collins
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Average rating 4.34  · 
Rating details
 ·  648 ratings  ·  104 reviews


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Hilary Land
Jul 14, 2018 rated it really liked it
I genuinely learned things from this book.It is simplistic in its philosophies but that was welcomed by a novice like me. Also it's Canadian so we don't have to skip chapters upon chapters about 401Ks
Paula
Jan 11, 2018 rated it it was amazing  ·  review of another edition
Shelves: financial
I want everyone to read this book!!! It revolutionized the way I handle my finances. I now know that I'm doing better financially than I thought I was. Implementing her strategies feels good and I can see me using it long-term. The examples she gives are a bit too upper-class for me to relate to but are still informative. Spread the Money Love!
Leah
Jan 10, 2019 rated it liked it
Great book if you're looking for a happier way to budget your money so you don't feel so strapped down. I'm a finance major so I love learning new ways of organizing finances and budgeting so I enjoyed this book, it's very practical.

Basically you figure out where all your money is going, and mark it down as either a fixed expense (which you can't change, like hydro, car insurance, etc.), and everything else you spend your money on. You look at your expenses and find out what's most and least imp
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Allison
Apr 04, 2018 rated it it was amazing
Shelves: non-fiction
"Things change month to month, day by day. You don't have a crystal ball. With one paycheque you may need to buy a lot of cheese. With another, a DustBuster and no cheese. Life is random."

"Getting control of your finances means living within your means without hating your life."
Becca Gee
Sep 27, 2018 rated it it was amazing
Shelves: money-related
Loved this book! Shannon writes about finances in a fun and relatable way. She breaks down the basics and makes you feel like what you want in life when it comes to money is actually achievable. This is a must read for everyone!

"Getting control of your finances means living within your means without hating your life."
Chantel
Jan 13, 2020 rated it really liked it
This was a simple read that was easy to follow. I love that fact that it was Canadian. I find it so hard to follow other books because Canadians don’t have the same systems such as 401k. I genuinely was able to learn from this book!
Alexa
Apr 28, 2019 rated it it was ok
Shelves: non-fiction, finance
Instead of reading this book, go get yourself a copy of Ramit Sethi's I Will Teach You To Be Rich. These books offer similar concepts, but Ramit gives much more solid advice and better actionable steps.

The big thing Ramit and Shannon have in common that I like is their form of anti-budget: put aside the money you need for rent, savings etc FIRST, then spend whatever is leftover, guilt-free.
But I like Ramit better since he advocates to ruthlessly hack away at expenses that you get no joy from.
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Kate Spencer
I thought this was a very good book, more so for those who have not had any experience in managing their money (which I personally think finances should be taught in high school). Not the best Financial book I have read, but I did like it and got one or two nuggets of information that I will carry with me.

Shannon pointed out a lot of new influences that contribute to how we spend our money - "fear of missing out", social media, fitting in, etc. I did like how she brought this into the mix - thi
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erika
Feb 16, 2018 rated it it was amazing
Shelves: nonfiction
I just finished this, so I should come back and revisit this in a few months or a year to assess its true impact.

That said, I really enjoyed this book and its nonjudgmental but practical attitude towards money. Useful advice on dealing with shame and "keeping up with the Joneses", and an approach that allows for pleasure and fun rather than extreme frugality. The book leads you to consider all of the competitive and social and self-numbing aspects of spending, which was enlightening (& a little
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Roma Del
May 25, 2018 rated it it was amazing
Well written. Shannon 's approach is very realistic, and up to date. Amust read for everyone whether you are in your 20's or 50's . I read the Wealthy Barber years ago but I definitely can say I enjoyed reading this book. better. I felt like I was listening to Shannon speaking.
Anne-Marie
I found this book recommended on Half Banked financial website (super recommend that website btw), and immediately borrowed it from the library.

I was initially hoping for some Canadian-specific general financial advice about investing and financial planning. I didn't get the investing piece (that's okay) but I did get a lot out of this book.
Shannon Lee Simmons takes a really no-nonsense, accessible approach about realistically adjusting your spending and creating financial plans for you. A lot
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Meghan
Mar 07, 2019 rated it really liked it
Recommended to Meghan by: Katie Shim
I really liked this book. I learned things!! And didn’t feel frustrated/lost/bored while reading about personal finances!! It’s practical, realistic, and has a great resource section… and! It’s! Canadian! Simmons tone is warm and accessible — and who would have guessed I would ever describe a personal finance guide as a book I was eager to return to and continue reading???? ¯\_(ツ)_/¯. A note: Simmons acknowledges her book is likely to be most helpful for those working with a steady middle-ish ra ...more
Andrew
Dec 09, 2018 rated it really liked it
The most different, simplest, and emotionally intelligent personal finance book I've read. And in my career I've gone through quite a few. I'm what people would call "good" with money - and I changed my own approach after reading this.

Shannon Lee Simmons forgets all the regular advice about spending and very simply says: pay your essentials; make some savings; then spend the rest of your money guilt-free because you've taken care of the important things. She's not prescriptive with percentages o
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Robin Smillie
Feb 22, 2019 rated it it was amazing
Completely and totally life-changing!
Sabrina
Feb 09, 2020 rated it it was amazing
Shelves: canadian
I saw her speak at the Regina Public Library and really liked her personality and approach to personal finances. Some of what she said in her talk totally changed the way I look at budgeting. I would recommend the book to anyone — it’s very reader-friendly, with real-life examples of situations many of us find ourselves in. I actually did all of the exercises and found them quite helpful. Looking forward to putting this new system in action!
Melanie Belanger
Jul 11, 2020 rated it really liked it
A great, comprehensive and realistic approach for people struggling with money. This book is perfect for people who want to start getting their financial life in order.
Amy Inglis
Jan 26, 2020 rated it it was amazing
Such a good read! Love the fresh perspective on finances. Shannon's humor used made for an interesting read. I love the ease of implementing her plan and we immediately followed through. My only regret is that I wish I had read it sooner!
Amber
Mar 11, 2019 rated it it was amazing
Shelves: library-loan
It’s rare that I can say I loved reading a finance book, but this is one. The author really takes a holistic approach to finance, not just looking at it in a vacuum as an isolated facet of life. Love it or hate it, money is what makes the world go round, and it’s necessary for life. I appreciate the way the author flips the script away from the traditional strict budgeting approach to one that considers both musts-dos and wants, and ultimately guides you to making sound decisions based on happin ...more
Marie Poulin
Jan 02, 2018 rated it it was amazing
Shelves: favorites
This is one of the best and most practical money books I've ever read (and I've read a lot!)

How do you answer the question "can I afford this?" with any kind of accuracy? Without going into debt? Without sacrificing your financial future? How do you know how much you should be putting away?

The book starts by covering money mindset, FOMO, and lifestyle expectations so you understand how/why you feel the way you do about your money. One of my favourite things is how she acknowledges that we get ou
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E
Feb 07, 2018 rated it really liked it
Shelves: 2018, capricorn
Shannon is awesome and helped me and my partner figure out our new financial realities once we finished school and got decent jobs. This book packages all that advice and planning in a more generic prescription for creating a sustainable, realistic budget (subtitle notwithstanding) that meets various obligations and still leaves some breathing room. I was a bit surprised at how many of the case studies included paying off mortgages and implicit expectations of steady employment when that is not ...more
V
Mar 08, 2018 rated it it was ok
Did I and the other reviewers read the same book? This book was incredibly basic and offered zero valuable insight. Unless you want to hear this woman talk at great lengths about her choice of couch, do yourself a favour and get The Wealthy Barber instead.
Lauren
Aug 20, 2019 rated it it was amazing
4.5 out of 5! This is a super helpful and great book for any Canadian looking to figure out how to spend within their means and feel good about their money.

A lot of finance advice I find can be really obvious and is mostly just common sense, but Shannon Lee Simmons had a lot of tips that immediately made me rethink the way I'm spending and saving and feel a lot better about my finances.

The top 5 points from the book are:

1. The 'Beyonce' factor: Don't compare your financial situation to your 'Jon
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Arwy
Jan 13, 2019 added it
Shelves: business-books
If I could give this book endless negative stars, I totally would. Alas, there is no such option on Goodreads. I read this book till about 23%. Every page was a struggle, and I DNF. I flipped through the rest of the book, and no, it didn’t get any better.

It’s been a really long time since a book rubbed me the wrong way so much. This started from the first page and didn’t end. At one point, the author uses F-word at every other sentence of one of the chapters. And I cringe. I hate when people swe
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CM
Dec 06, 2019 rated it it was ok
I first heard about Shannon from a Debt Free in 30 podcast. I enjoyed her interview enough to want to read her book(s). I listened to the audio book and I am so glad that I borrowed it from the library. I would have been upset if I actually spent money on this (either audio or ebook) because although the idea of not budgeting (which is actually not tracking) is appealing to me, the swearing (F*ck it moments) was too much for me. I didn't care for the astrology references but that wasn't as annoy ...more
Kathryn
May 22, 2018 rated it it was amazing
Shelves: financial
This book is for the person who worries about their finances (so...all of us). I really like Shannon's approach to finances - she puts the "person" in "personal finance". Incredibly practical, straight-forward, her system has the ability to be truly tailored to each person's (or family's) individual needs. This book explains finances in a way that is completely different from all the other finance books (and most financial blogs) I've read - it's not wonder she was named Canada's "Top 30 under 3 ...more
Tessa
Mar 10, 2019 rated it really liked it
This book is a very positive take on personal finance and budgeting. It makes a lot of sense and moving forward I think it is something I will try to follow throughout my life.

Some of the topics in this book were things I was already doing (I haven’t had social media for years because I felt it was negatively affecting me because I was always comparing myself to others, I’d already unsubscribed from store emails etc). I like the idea of cutting back in areas that make you unhappy and how each pa
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Karen
Apr 10, 2018 rated it really liked it  ·  review of another edition
Shelves: non-fiction
Truly an amazing book! I hate to mimic the reviews but this book really did change the way I think of money and inspired me to completely change my financial set up.

Only 2/3 in I was already completely inspired to shift my perspective, and banking plan, to Shannon’s worry free approach, and stop budgeting. It makes complete sense to me to set up your bills and savings this way and to leave money for spending (which is very realistic because it’s let’s you live while still giving every cent you
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TechVision
Apr 09, 2019 rated it it was amazing
Shelves: investing
Great book regarding the mindset on personal finance. Additionally, the book covers reasons for why people make financial decisions that are detrimental to their finances, specifically on unhappy spendings (F*ck it moments). Shannon's writing is both engaging and humorous, which allows the sometimes dry topics to remain intriguing. The book includes many detailed examples that represent the wide range of clients that Shannon has encountered over the years as a financial advisor. Each client(s) i ...more
Ryan R
Jul 22, 2018 rated it really liked it
An excellent read! Worry-Free Money manages to pack a ton of useful information into a reasonably-sized book that is quite fun to read. Whether you choose to manage your money the way shown in the book or not, there is still a lot of good advice around avoiding pressure to make purchases you don't need to make and opening up the money talk with your friends and family. This book has made me aware of so many things that influence my purchases that I wasn't well aware of before. After reading, I f ...more
Kes
Jan 26, 2020 rated it it was amazing
I really enjoyed this book to "budgeting" (although the author doesn't call it that). Basically, there's an emotional trigger / aspect to what we want to spend - and that's driven by anxiety / keeping up with the Joneses.

Once we've identified that, we also learn that there are four buckets of expenditure: Fixed Expenses, Meaningful Savings, Short-Term Savings, and Spending Money. Fixed Expenses - bills; Meaningful Savings: retirement, building up overall net worth; Short-Term Savings: vacation
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Shannon is a Certified Financial Planner (CFP), Chartered Investment Manager (CIM), media personality, personal finance expert and founder of the New School of Finance.

Simmons is widely recognized as a trailblazer in the Canadian financial planning industry and an expert in Millennial personal finances and money in the digital world. She was named one of Canada’s Top 30 Under 30, the 2014 Notable
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