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This summer I won Broke Millennial: Stop Scraping by and Get Your Financial Life Together by Erin Lowry in a Twitter contest sponsored by Capital One. I wasn’t asked to give this review, but I did promise you all reviews were coming from my summer reading list. Since summer is official over, what better time to start than now.
Take What You Need
I love the format of the book. It began with a short questionnaire to help you determine which category you fell into. Based on that group you could skip to the chapters that applied to your current situation. This type of organisation is excellent for those who already have their savings account started and even minor financial literacy but have no clue how to tackle student loans or have the debt discussion with a significant other.
While I already have some financial literacy background, I chose to read the entire book because I’m a recent college grad. I did not regret any minute I spent reading Broke Millennial. Unlike other financial books I’ve read, Broke Millennial takes the time to address Millennial’s and post-Millennial’s (I have not clue what they call themselves). There’s a section for moving home after college ( my current reality), splitting the bill with your less money-conscious friends, opening an online bank account, our generation’s fear of credit cards and how to face it wisely, and how to plan for all the wedding festivities you’ll be attending one day(this was my favourite).
For those who have short-term memories or just short attention spans, each chapter ends with a summary. She does not tell you what to do but instead offers several options based on what might be your situation. I think this is an important approach to take because everyone has a different lived experience and I appreciate she took the time to recognise that.
flats – old navy / dress – h&M / jacket -ross (similar)/ hat – j crew / glasses – warby parker
Stop being a Broke Millennial and Start Saving Now
This book offers many personal finance gems, but my big take away is to save now! Have a 401K through your company, make it out and match sure you’re getting matched funds if the company offers that benefit. In college and working part-time, open that IRA to save some of that money. Are you freelancing 20-something trying to figure your life out, save those coins too. Because when it comes to savings, only time is our friend. Your 40 or 50 something-year-old self will thank younger you. It’s kinda like how sober you thanks drunk you for remembering to eat and stay hydrated before bed.
Give Her Your Coins and #GYFLT
Everyone should read this book. I truly mean this so much so that I submitted at purchase request to my local library system. Also, I gave my free copy to a friend and plan to purchase the ebook soon for my own reference. Lowry uses her own narratives to bring a realistic, breath of fresh air into topics that can be uncomfortable or plague you in your sleep. I don’t know about you all, but I appreciate a read that makes me laugh while I’m note taking. If you’re heading off to college, currently struggling to maintain that 3.5 GPA, or trying to figure out how to make your new salary work, do yourself a favour and pick up this book so you can get your financial life together. You won’t regret it.
You can find Broke Millennial at Barnes & Noble, Amazon/Kindle, Urban Outfitters, Target, and hopefully your local library! If you’re curious about what I’m currently reading be sure to follow me on Goodreads.
Until Next Time,
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