Such is the case with Danny Kofke’s new book A Simple Book of Financial Wisdom: Teach Yourself (and Your Kids) How to Live Wealthy with Little Money.
Kofke knows what it takes to be frugal. As the author of How to Survive (and Perhaps Thrive) on a Teacher’s Salary, Kofke knows the ins and outs of tightening belts and making ends meet.
His latest title offers the short and sweet tips you need to get started or to get focused on your frugal journey. Kofke shares strategies for “earning” more money by cutting back, setting goals, and tracking your expenditures. He also outlines some ideas for paying down debt and building an emergency fund.
As a parent, I especially enjoyed reading Kofke’s ideas for teaching children about money. He suggests using an allowance to teach sharing and giving and encourages having open and honest conversations with teens about family finances. The biggest lesson to teach is that of self-control – to help kids learn the difference between wants and needs.
Kofke cautions, ” If we base our feelings of happiness on materialistic things, we will be a constant cycle of having to buy things to make ourselves happy.” His book sends a message to readers to find enjoyment in all the things you do have – not obsess over what you don’t.
A Simple Book of Financial Wisdom is a short, easy read – and sometimes all we need are a few quick reminders to help us stay in the frugal mindset.
While Wyatt-MacKenzie Publishing did provide me with a review copy of this book, the opinions expressed here are 100 percent my own and were not edited by the publisher, author(s), or their affiliates. This post also contains affiliate links which help support this blog at no additional cost to you. Please read my full disclosure policy for more information.