You guys! I’m so excited to share with you a book I just read – The Recovering Spender, by Lauren Greutman.
When I first started reading Lauren’s book, I wasn’t sure what to expect, so my expectations were that it would be average (mostly because I’ve read so many personal finance books that I wasn’t sure what it would add). Well, that is not what I experienced at all. The book is one of a kind. It’s truly inspiring and moving – something I haven’t see before in a personal finance book. Why? Because it’s personal. The first half of the back is Lauren’s personal story and the second half of the book is a plan for you. The way it’s structured is unique, and as someone who has read many personal finance books, this one I find particularly likable for women. It’s a feel-good-do-good kind of book!
The Recovering Spender: The Documentary
On the homepage of The Recovering Spender, you’ll find three videos that are about ten minutes long each. These videos document one family’s journey out of massive consumer debt. The videos are so inspiring, and I recommend watching them before reading the book because you’ll get to see what Lauren is like and you’ll really see how you can change your finances, too. It’s one family’s crazy inspiring get out of debt story that you don’t want to miss.
The Recovering Spender: The Book
As for the book, when you read it, you’ll see there are two parts to it – Part I, which is about Lauren’s personal journey and recovery from her spending addiction, and Part II, which is about how you can take actionable steps to spend less and save more.
The book is not just an everyday personal finance book – it’s heart-wrenching, inspiring, and motivating.
The Book: Part I
Lauren’s journey from being in over $40,000 of consumer debt to a frugal living, personal finance expert, and founder of LaurenGreutman.com is chronicled in Part I of the book. You learn about the details of her marriage (from the very beginning) to how she and her husband (and later parents of four children) changed their entire lives when it seemed hopeless.
Honestly, I can’t tell you why, but reading it is really powerful. She must just be that good of a writer. Needless to say, I was smitten with the journey and personally inspired reading it because Lauren was so raw and open in her book that you always felt like you knew her. She wasn’t perfect and she was trying to do her best. She made mistakes and she learned from them. Now, she’s helping others do the same. It’s amazing to read.
The Book: Part II
Part II of The Recovering Spender is interesting. It’s not a typical step-by-step guide that walks you through how to cut your expenses and work through your budget.
Instead, Part II walks you through Lauren’s version of Alcoholics Anonymous 12 step program, but for spenders. It’s different and unique to Lauren’s book, which makes it even more interesting. The 12 steps start with admitting you have a spending problem, then through making a list of all your debts, income, and expenses, and then to setting boundaries, creating budgets, and living on less.
The 12 step program that Lauren creates in this book is unique and will help you create a stress free life on a budget.
A Final Note!
The Recovering Spender is such a good book that I dedicated this entire post to it, which I’ve never done for just one book.
What I like most about this book is that it’s different than all the other personal finance books I’ve read – in a good way. It’s a personal story of one spender who had $40,000 of consumer debt and a family to take care of. She worked her way out of debt and changed the financial trajectory of her entire life. Her husband and four kids were on the journey with her, and she’s now a financial expert who runs her own company advocating debt free living and stress free budgeting.
I highly recommend this one – it’s a keeper!