Frugal Friends Book Club: 4 Money Psychology Books to Read This Fall – EP 334

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There are a wide range of personal finance books teaching you about money numbers and mathematical equations to guide you to your financial goals, but our minds have a lot more to do with our personal finances than math does. Tune in as the Frugal Friends will give you another round of interesting book recommendations that excellently discuss the intersection of the psychology of money and personal finance.

Whatever goal you’re trying to reach can be reached faster if you focus on one goal at a time.

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  • Short-cuts. Like watching the movie instead of reading the book (it’s always better that way…don’t you dare 1-star me for that). Or avoiding all the traffic cuz you know a shortcut (hats off to you if that ever actually works out). Or chatGPT-ing your research paper- that’s just a lose-lose shortcut. If you want better shortcuts, the kind that actually works, subscribe to our Friendletter. Get all sorts of curated for you freebies and tips AND shortcut your way to a new mug, tote, tee, or sweatshirt by referring friends at frugalfriendspodcast.com/friendletter.

Something Old[er than 5 years]

The One Thing By Gary Keller

Why Jen + Jill picked it: Focus on one thing

Jen liked the simple strategies yet also the complex ideas the book suggests, such as the refining question, “What is one thing I can do now that makes everything else easier or unnecessary later?”, which became the posed question from the Frugal Friends’ previous episode on prioritizing student loans. This book goes through strategies once you have decided on your goal or priority.

Something New[er than 1 year]

Mind Your Money: Insightful Stories and Strategies to Help You Reach Your #MoneyGoals by Yanely Espinal

Why Jen + Jill picked it: Learning through stories

More than anything, Jill is drawn to real-life stories, as most books about money are boring, but not when they are told through the lens of other people’s experiences coming from all sorts of backgrounds. The author easily makes math and money understandable through storytelling, humor, and laughter.

Something Borrowed [from our listeners]

The Psychology of Money: Timeless lessons on wealth, greed, and happiness by Morgan Housel

Why Jen + Jill picked it: Looks at money as a behavior and feeling lens as opposed to a math lens

This is by far one of the most popular personal finance books in the market (and it’s not even 5 years old). It piqued Jen’s interest as the book talks about personal finance as a behavior/feeling rather than it being a purely mathematical field topic. 

Read more: The OG article “The Psychology of Money”

Something Blue

Set Boundaries, Find Peace: A Guide to Reclaiming Yourself by Nedra Glover Tawwab

Why Jen + Jill picked it: Setting boundaries in relationships is important to save money

While the book is not primarily about finances, it is still marked as highly recommended for Jill. In the podcast, the topic of boundaries is not new because it is a significant life skill that intersects with our finances and understanding ourselves better, which the book greatly unravels.

Favorite most recent read (doesn’t have to financial)

Jen considers summer her reading season, and she’s in her Taylor Jenkins Reid era as she read five books from the author, with “After I Do” and “Carrie Soto is Back” emerging as her favorites among them. She also has read and enjoyed reading “7 Husbands of Evelyn Hugo,” “Malibu Rising,” and “Daisy Jones and the 6.

Meanwhile, Jill has found a tiny book full of poems in a used book bookstore titled “Songs for Courage” by Grace Knoll Crowell. The poems were beautiful and encouraged Jill through various seasons of her life.

Frugal Friends Book Club

See all our past book recommendations at frugalfriendspodcast.com/books.

Bill of The Week

Thank you Jennifer for sharing your bill about the overpriced cell plan that was lowered by $15/mo, and homeowners insurance lowered!

Thanks so Much for Listening!

We love love love reading your kind reviews and we especially loved this one:

✰✰✰✰✰
Funny AND frugal- a winning combo!

Thank you Jen and Jill for so many episodes of practical, inspiring guidance on becoming and staying frugal. At its heart is the reminder that being frugal is not being cheap- it is about making conscientious and intentional financial decisions. Jill’s perspective as a social worker is a bonus for me as I try to convince my social worker husband that we could change our finances for the better, even on his salary.

The other bonus? Laughing out loud as these two good friends crack jokes and get a little silly. Thanks ladies!

Keep leaving us reviews on iTunes or Stitcher, and sending the screenshot to reviews@frugalfriendspodcast.com. And don’t forget to share your favorite quote from the episode by using the hashtag #FrugalFriendsNote. 😉

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