This is my review of The 1-2-3 Money Plan: The Three Most Important Steps to Saving and Spending Smart. Scroll to the bottom to find out how you can win a free copy of the book.
About the Author
The 1-2-3 Money Plan was written by Gregory Karp. Gregory is a nationally syndicated columnist, who is famous for his “Smart Spending” Column, which reaches millions of readers. He’s also the accomplished author of Living Rich by Spending Smart. You can also find Gregory blogging daily at gregkarp.com/blog.
About the Book
Gregory lays out the overall money plan in his book using 3 major areas:
- Smart Spending Today
- Smart Spending Yesterday
- Smart Spending Tomorrow
Easy enough. Within each section, Gregory tackles different subjects. Each time leaving you with 3 steps to complete or remember so that you’re armed with the key information for making decisions about your finances.
For instance, in the Smart Spending Yesterday section, Gregory focuses on debt (yesterday’s spending you’re still paying for). He teaches you the importance of understanding your credit and how to use credit cards. Withing those sub-topics you’re given 3 specific steps to complete or concepts to remember.
The Smart Spending Tomorrow section is all about saving. Gregory walks you through saving for the short-term, retirement, and for education. I particularly enjoyed the college savings section since I’m making decisions on what to do in that area. Gregory’s advice was very practical and has motivated me to just dive in and go for it.
The section called Smart Spending Today is where Gregory really shines. He’s obviously a pro at discussing the smart ways to spend your earnings.
By using this simple 1-2-3 approach, Gregory really makes managing your finances seem easy. Heck, anyone can complete just 3 little steps, right?
My Recommendation
I really enjoyed this book. It was a quick read and it left me feeling like I had a good game plan to improve my finances. It was both practical and specific. Like most personal finance books, it’s structured so that you are able to pick and choose which sections you’d need to review. For obvious reasons, my favorite sections were college savings, life insurance, and how to teach kids about money. You can pick up a copy of The 1-2-3 Money Plan at Amazon.
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