On My Own Two Feet: A Modern Girl's Guide to Personal Finance
On My Own Two Feet is one of many guides to personal finance specifically geared to women. While some people may assume that means the advice will be condescending or hollow, authors Thakor and Kedar are experts in the field who, even when they use a light tone, know what they're talking about.One reviewer said:
"Despite the cheesy name and cover, this book has good, straightforward financial tips and lots of tables to help you see how much actual money you should be putting toward retirement, emergency savings, etc. Good tips about how to save for money you plan to spend in the next five years (savings account/money market account/CD) vs. money for retirement, and a financial action plan. A quick read because they get straight to the point."Read the full review here.Another reviewer wrote:
"This is the first book I have read that uses actual numbers. What I mean by that is instead of stating that the average starting salary is $41,000 and building a model budget off of that, or just telling everyone to spend a certain percentage of pay on certain items, the authors created a chart with a range of possible salaries from $20,000 to $100,000.
"Then, whenever they give a specific percentage suggestion (ex. car and related costs should be no more than 10% of your pay) they give you an actual dollar figure that equates to at each salary level. So as a reader you can find your pay level on the chart and easily determine your take home pay, how much to spend on necessities, how much to save, how much you can safely spend on a car, and how much $$$ you have left over for fun.
"One of my pet peeves is when personal finance writers provide savings benchmarks (ex.: Save 10% of your pay! Spend no more than 30% on home costs!
) but don't specify whether that number is supposed to be a percentage of your net or gross income. This book avoids that pitfall. Everything is in terms of your gross income. Again, there is a chart in the back of the book this gives specific benchmarks based on gross income."