Debt-Free on Any Income

Just a great book. make sure you get it with the disk! (if you are buying used) you'll definitely want it to help put these ideas into action!

I bought this book about a year ago but only started reading it/using it recently. It is very easy to follow and the cd-rom worked great for us. It showed us a practical, sensible way to get out of debt...and stay out. I wouldn't let the Mormon or LDS part keep you from trying this book. The financial advice is sound and practical for anyone. I have heard of "power payments" before but never had it presented in an easy to understand format. The cd-rom is simple to use. I had put off using the book and cd-rom because I thought the theories and the s/w would be too complicated and over my head. I shouldn't have worried about it. Even though I am not an experienced Excel user or even a spreadsheet user, it was no problem. I highly recommend this book to anyone either in debt or hoping to avoid debt.

The Shamos' book, Debt-Free on Any Income, is a welcome addition to the body of personal finance literature. It is aimed at those already in consumer debt distress and it details a debt-payoff strategy leading to the goal of living debt-free, on a pay-as-you-go budget. The authors are Mormons and have directed their book primarily to other Mormons - sub-title, "A Practical Guide to Financial Security for Latter-day Saints" - so readers should expect counsel from LDS Church leaders on prudent living. Nonetheless, a wide audience will appreciate the Shamos' principles and approach to personal financial management. The book is well organized and easy to follow. For those with access to a personal computer, the CD-ROM with Excel spreadsheets is very easy to use, however, the worksheets included in the text can be filled out by hand. I particularly liked the 20 page Appendix with money saving ideas across a range of topics. Take a look - I bought several extra copies to give to my adult children and friends in need.