Handling Your Personal Finances
When the economy started heading south, my husband and I knew we had to take control of our finances. It has been a struggle and we have a ways to go yet, but I sorely regret not getting a handle on it years ago.
When I got my first job at the age of sixteen, my idea of personal finance was simply making sure I had enough gas money until I got paid again. When I finished school and moved out on my own, I knew I had to pay the bills first but what ever was left ... left. I lived from paycheck to paycheck and when I discovered the fine art of charging ... Lord Help Me! I went crazy.
Since those days I've learned a lot, but I still tend to screw up the checkbook and my charge card debt is always higher than is comfortable. At the start of the New Year, my husband and I decided it was time to reassess our finances and make some changes. We will be able to retire on schedule ... barely.
In an effort to learn what I should have learned years ago, I have been reading, or trying to read every personal finance book I could get my hands on.

Do You Hang Onto It?
Books on Finance
Unfortunately most books on finance are geared toward the financial professional (or someone smarter than me anyway.) I had trouble grasping the concepts they expounded upon. I didn't need to know how to read a stock report; I needed help in planning a realistic budget and building up our emergency fund.
My son's girlfriend, an engineering major with her feet firmly planted on the ground, suggested I read On My Own Two Feet: A Modern Girl's Guide to Personal Finance. I have to admit I was skeptical. It's geared toward the younger generation, not us old farts looking to retire in the next few years.
On My Own Two Feet: A Modern Girl's Guide to Personal Finance was a pleasant surprise. It broke the concepts down into layman's terms and covered the topics that interested me, saving, credit, investing, and so much more.

I highly recommend this book for anyone, young and old alike, that want to get a handle on their personal finances.
Knowledge is Power
On My Own Two Feet: A Modern Girl's Guide to Personal Finance
On My Own Two Feet: A Modern Girl's Guide to Personal Finance
Amazon Price: $9.32 (as of 12/30/2009)![]()
Published May, 2007
5 Stars
58 Reviews
The book is divided into two major sections:
Review by D. Adler
As Posted on Amazon.com
As a financial professional, I have generally been critical of personal finance authors because they struggle to condense their vast knowledge into a book that is readable for the average person. Thakor and Kedar succeed where others have failed. In this book, they manage to cover all of the basic principles of personal finance (savings, credit, insurance, budgeting, investing, retirement, major purchases, taxes and money in relationships) in less than 200 pages. The book flows more like a conversation with a friend than a textbook, which made it an enjoyable and quick read. Also, I was very impressed with the quality of the advice given in this book. The authors stick to tried-and-true principles that are both effective and simple.
I highly recommend this book.
Review by Jennifer Estroff
As Posted on Amazon.com
I was lucky enough to meet the authors of this book, Manisha Thakor and Sharon Kedar at a recent retreat at the Woodhull Institute for Ethical Leadership. I was struck by three things: 1) their passion to educate young women about personal finances, 2) their snazzy dress sense, and 3) the fact that THESE WOMEN KNOW THEIR STUFF! Both are amazingly successful in the male-dominated world world of finance, and gave me the instant feeling that I could navigate it too, all I needed was some simple basics. Manisha and Sharon are able to look at money from the perspective of MY generation, the 18-35 year-olds who don't stay in one job forever, and will enter the work force with student loans, MySpace accounts, and only a brief window to start retirement planning. "On My Own Two Feet" handles the current reality of money and finance with pizzazz and spice, and a feeling of support from the "Divas of Finance". If you want to feel more financially secure, and do it soon, pick up this book now! Then send it to your girlfriends, cousins, sisters, mothers...and maybe even a man or two. After all, everyone needs some money help, sometimes!
An Excellent Gift
Comments Please!
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- AndyPo AndyPo Jul 27, 2009 @ 4:52 pm
- Great lens and a very important subject.
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- totalhealth totalhealth Jun 23, 2009 @ 3:11 pm
- I do believe that personal finance must be learned at a young age but its never to late for anyone to learn the basic and ideas on managing our personal finances.
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- tdove tdove May 13, 2009 @ 3:12 pm
- Thanks for joining G Rated Lense Factory!
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- OhMe OhMe May 13, 2009 @ 5:01 am
- Excellent Book Review. Welcome to the South Carolina Group
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- JaguarJulie JaguarJulie May 12, 2009 @ 5:08 pm
- Lizzy, you know what I sorely regret? Having NOT pulled my 401k funds in 2007 so that I wouldn't have watched them lose over 35% in 2008 and then an addition 7% in 2009. Very sad state of financial affairs! I hope to get back some of this and then I'm pulling it out.
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About the Author
Lensmaster ElizabethJeanAllen has been a member since March 16 2008, has rated 4,033 lenses, favorited 445, and has created 203 lenses from scratch. Lizzy Jean donates their royalties to Squidoo Charity Fund. This member's top-ranked page is "2009 Hallmark Keepsake Ornaments". See all my lenses
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