Women & Money by Suze Orman (2007, Hardcover)

This is a must read for all women! Ms. Orman gives basic, practical advice on financial planning. Women & Money is an easy to read book written for those of us who aren't necessarily financially saavy. Ms. Orman explains the principles of sound financial planning in an easy to understand and engaging manner. She breaks it down, chapter by chapter, into manageable steps to take. Don't get me wrong, this book goes well beyond the basics, but it's presented in such a way that it's manageable and easily understood. What's unique about this book is its approach and perspective for women. It really made me rethink some of my previous notions regarding finances. For example, Ms. Orman suggests that NOT putting money away into our own personal retirement account is selfish! As women we tend to put others first, especially our families. It's hard for us to think about taking money from the family finances and putting it into an account just for us. The thought behind this is, if you can't afford to put the money aside now, how will you be able to afford it when you are no longer working and your income is reduced? Ms. Orman goes on to explain that doing without a little now is better for our family than having us dependent on them in our old age. After all, if we aren't set up for retirement, who's going to take care of us? Certainly not Social Security! Ms. Orman also encourages women to have accounts in their name alone. It's fine to have joint accounts with your husband/partner, however, you need to have your own personal accounts as well. In the event of a divorce or death, a woman who has established her own credit and financial security, independent of her husband, will be in a much stronger position financially. As an added bonus, TD Ameritrade is offering a fantastic incentive for readers of Women & Money. It's certainly an offer you shouldn't pass up!