77 of 77 people found the following review helpful
5.0 out of 5 stars
Diamonds are no longer a gir's best friend - her money is!, 20 Oct 2002
'A Girl's Best Friend is Her Money' should be required reading for every young woman - it should be part of her reading list for GCSE in the UK. There's something in it for every woman from 9 to 90. It fills a need which has been apparent for a very long time. It's written in a light, humorous style and yet it manages to get across some very important facts and truths.
It might be asked 'Why the need for a personal finance book for women? Isn't personal finance something which is equally basic and essential for both genders?' Yes, this is true - but as the authors point out, women still tend to lose out in money terms over the years. They tend to work for for a shorter number of years so build up less pension yet they live longer, they tend to lose out in divorce - and divorce, the authors tell us, is now running at 40% of all marriages. There's the minefield of living with one's partner and having children, even having house property, yet not having the legal protection of marriage.
The authors deal most capably with the 'Knight in Shining Armour' syndrome - the expectation that 'someday my prince will come along' and will provide for a 'happy ever after'. This syndrome has been around for a very long time and although proven to be a fallacy, it is very difficult to kill off. The authors also deal with a new variation on an old theme 'The Surrendered Wife' and they show how this argument is deeply-flawed and dangerous.
I enjoyed the book and I wish most sincerely that there had been anything like it in my youth, the middle of the 20th century. Personal finance is a minefield and the complexities can be a big 'turn-off' to the very people who stand to lose most by ignorance. Inform yourself with this book - you'll never regret the purchase price, and may well save yourself from making expensive mistakes!