The skinny on credit cards book review
One of the perks of being a personal finance blogger is that I get to receive copies of personal finance books to read and review. I seldom ever receive a book I don’t like, and every so often I receive a book that literally “wows” me. The Skinny on Credit Cards is just one of those books.
The skinny on credit cards
If you haven’t heard of the “skinny on series” (which I hadn’t), is a unique series of books that is inspired by the Manga literary phenomenon which combines the use of simple pictures and a story to convey a message. Trust me, they are like no other book you’ve ever read and I mean that in a good way.
When you first open The skinny on credit cards, you’ll very quickly note that each page in the book contains what looks to be PowerPoint slides with stick figure diagrams. Stick figures? Yes, stick figures. My inclination was to shake my head and think no self respect adult would read a book like this, but I decided to give it a fair shake. I’m glad I did
To be honest, I loved the book. I read the entire book in literally a few hours and never feel asleep once! The book tells the story of Bill and Beth and their interaction with the author and founder of RAND Publishing, Jim Rand. It would seem Billy and Beth have gotten themselves into a bit of mess. They’ve used credit cards to buy things they couldn’t afford and unfortunately have a huge chunk of debt they are now faced with paying off. To make matters worse, they are struggling to make the minimum payments too! Fortunately, Billy and Beth get some help from Jim Rand (the author) who is nice enough to not only educate them about credit cards, but also helps them get started on the path to getting that debt paid off. Jim also helps Billy and Beth’s son who is off at college and unfortunately is heading down a similar path.
The story is funny, informative and all too familiar for many of us. The best part of the book is that you never get bored, never feel overwhelmed with finance information, and it’s entertaining. Frankly I love Jim’s “corny” sense of humor. Whether you know all there is to know about credit cards or not, you’ll enjoy reading this book.
If you’re curious to see what I mean, check out the free PDF excerpt.
Topics covered in the Skinny on credit cards
The The Skinny on Credit Cards covers many topics and includes:
- How interest and minimum payments on credit cards really work
- What credit card companies think of you and in particular how much they love people who don’t pay off their balance each month
- What drives people to use credit cards and how they end up with huge amounts of debt
- How credit card companies “prey” on college students
- Why sacrifices are needed in order to pay off all of that debt that’s been accrued
Things you can expect to learn include:
- Escaping from credit card debt
- Improving your credit score
- Lowering your interest rate (APR)
- Identifying credit company tricks
- Selecting the right credit card
- Protecting yourself against fraud
- Teaching your kids about debt
- How to avoid paying fees
Would I recommend it?
I would absolutely recommend this book to anyone that is interested in learning more about credit cards, how credit cards work, and how you can get them paid off. I’d particularly recommend the book for teens and college students. I feel very strongly that spending 2 hours reading this book could literally save them from potential financial disaster. Both my 14 and 12 year old sons read the book, liked it and learned about credit cards.
Final thoughts and purchase options
Again, I loved the book and it’s format. The Skinny on credit cards is incredibly refreshing, unique, and is able to take a very serious and complex financial concept and make it not only fun to learn about, but easy to learn as well. In a world filled with long, dry and overly complex finance books it’s nice to see somebody writing books that will appeal to the masses.
The Skinny on Credit Cards Giveaway!
RAND Publishing was kind enough to provide me with an extra copy to giveaway. As always, entry in the cost is simple: just add a comment! Add a quick comment sharing why you would like to win the book or about your experience with credit cards and you’ll be entered. I’ll announce the winner a week from today on Wednesday, 6/27 5/27 (thanks Paul for catching this). Make sure you leave a valid email. Also, keep an eye out, as I’ll be posting reviews of RAND’s other two books: The Skinny on Willpower and The Skinny on The Housing Crisis very soon. Both were great reads as well.