For far too many people, being rudely awakened from the American Dream is synonymous with being mired in debt.
But it doesn’t have to be like that.
In The Recovering Spender, Lauren Greutman draws on her own life experience to teach invaluable lessons about living within your means.
To outsiders, Lauren and her husband, Mark, appeared as though they were living a charmed life. As she says, “On the surface, we had it all. Custom home, luxury cars, beautiful babies, and all the bells and whistles…” But disaster lurked beneath the surface.
Though the Greutmans seemed like they had more than enough for all their necessities and many luxuries, they were living way beyond their means simply to keep up with the neighbors. Too soon, they found themselves with a mortgage that had not been paid in months, their car seized and sky-high debt that reached $40,000.
Their dream had become an awful nightmare.
Through a long journey of recreating their relationship with money and spending, the Greutmans arrived at where they are today: back in the black and fully committed to spending less while living within their budget.
In The Recovering Spender, Greutman details the steps she and her family took to pull it off. She shares her hard-earned tips and practical advice to help others who find themselves ending each month with a deficit that keeps growing.
Lauren also shares many of her personal struggles in ways relatable to readers to help them learn from her mistakes. It’s easier for an over-stressed mom who never feels like she can stretch the dollar far enough to take tips from another mom who’s been there, than it is to heed advice from a financial expert who’s never experienced anxiety about being able to pay for groceries.
The book also takes readers through the process of going from being in the red to living completely debt-free, offering a step-by-step guide with actions readers can take immediately as they work their way through the book.
Some of the actionable chapters in the book include:
1. Take an Inventory of Your Spending.
2. Declutter Your Finances.
3. Do an Expense Audit.
4. Curb Your Spending and Define Your Values.
Most importantly, The Recovered Spender is a guide for getting off the path of debt, and living happily within your means.
Your Turn: Do you overspend in order to keep up with the Joneses? Have you successfully changed your spending habits? Share your success with us!