So it looks like the economy is chugging right along just now. That’s nice. The skeptics among us, as we know, expect the current administration to bring the whole house of cards down on our heads — any minute now! But even cooler heads understand that what goes up must go down: the economy never stays “up” forever. Eventually it will sag, and we poor little sheeples will lose jobs, see pensions shrink, wonder how we’re going to pay for gas and food…
Well, take heart! Our friend Donna Freedman has come out with a second volume of her excellent frugalist’s survival guide, Your Playbook for Tough Times. She sent me a copy, and I have to tell you: it’s an amazing little book. In just 196 pages (counting the table of contents and lengthy thank-you’s), she covers the bases, even telling you how to find free and low-cost food.
In a sense, Donna argues that all times are tough times, or (if you have a brain in your head) you should at least treat them as though they were. Says she:
The feedback for the first book was interesting. Here’s a comment that really got my attention: “I realized that ‘tough times’ are no longer an isolated event. They’re pretty much like a fifth season, like hurricane season, and (something) one really has to prepare for.”
Some of us have always lived this way, in that we don’t take money for granted. Rather than spend every dime we earn, we put some aside in case something unexpected happens: job loss, say, or illness. And since these days a lot of workers have to fund their own retirements, that means making careful plans for their money.
It has a such an array of ideas, strategies, and advice — all of it informed by Donna’s philosophy of “stealth savings” — that it’s almost encyclopedic. It addresses about every personal-finance challenge most of us are likely to face, and does so with common sense.
Check it out!