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Broke Millennial
Book

Broke Millennial

Stop Scraping By and Get Your Financial Life Together

Erin Lowry
Perigee, 2017

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Editorial Rating

8

Recommendation

Erin Lowry, a millennial and founder of BrokeMillennial.com, teaches her peers how to take control of their finances. She covers understanding your feelings about money, making a budget, knowing your credit score, dealing with student loans, comparison shopping for financial products, and more. Lowry’s manual is comprehensive and occasionally funny. Millennials will appreciate her social media references and her accounts of their contemporaries’ real-life struggles with familiar financial issues. Non-millennials will find excellent, if basic, financial counsel. getAbstract recommends Lowry’s advice to people seeking mastery over his or her money, especially millennials.

Take-Aways

  • Take control of your finances by examining your feelings toward money, saving and making a budget.
  • Put money aside in an emergency fund equal to three to six months of living expenses.
  • If you’re carrying debt, your debt-to-income ratio should not exceed 43% of your gross monthly income.

About the Author

Erin Lowry is a personal finance expert and is also the author of Broke Millennial Takes On Investing: A Beginner’s Guide to Leveling-Up Your Money. She’s been featured in The New York Times and The Wall Street Journal and on Fox & Friends.

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    E. A. 4 years ago
    A lot of "should's" but the "is's" - arguably the main impediment for Millennials for prosperity even with good financial discipline - are only superficially addressed as "what-should-have-been's".