Summary of The Index Card

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Rating

9 Overall

10 Applicability

7 Innovation

10 Style


Recommendation

Financial columnist Helaine Olen and professor Harold Pollack boil down personal financial planning to a set of 10 clear rules that would fit on an index card. They illustrate these rules with personal stories, explanations and definitions. Their examples blend research with common sense and direct experience. The result is extremely useful, though some of the book’s advice is specific to the United States. While never giving investment advice, getAbstract recommends this dandy little manual to anyone seeking sound financial management tools.

In this summary, you will learn

  • What makes financial planning difficult,
  • How you can make a simple index card into a powerful financial planning tool,
  • Why you must take control of your finances and
  • What 10 prudent steps you can take to manage your money effectively.
 

About the Authors

Author of Pound Foolish Helaine Olen writes The Bills column for Slate. Harold Pollack is the Helen Ross Professor of Social Service Administration at the University of Chicago and a nonresident fellow at the Century Foundation.

 

Summary

Personal Finance Made Simple
Most people don’t handle their finances well. Money management often causes stress. One third of those in relationships argue with their partners about money. About 69% of people don’t balance their checkbooks; many fear outliving their retirement funds. They...

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    Valeriy Mitrokhin 1 year ago
    good book I advise you to read
  • Avatar
    Daniel Melendrez 2 years ago
    Good practical advice!
  • Avatar
    Guest 2 years ago
    This isn't going to be news to anyone. If it is, the 10 steps are right there in the summary. No need to buy the book.
  • Avatar
    David Lopez 2 years ago
    Thoughtful Content
  • Avatar
    Chinyere Nwude 2 years ago
    I like this.
  • Avatar
    Ashok Kumar2 2 years ago
    Good Summary