Walking on Sunshine

Tony Palmer – Getting Out of Debt and Staying Out (Review Copy) – 2009/052

This is a Review Copy from LibraryThing Early Reviewers.

The Back of the Book: Living with debt is aninevitable part of modern life.  Just about everyone has debt in one form or another – a mortgage, an outstanding credit card balance, a car financing deal, a student loan – there are many ways of spending more than you have.  So if we can’t get rid of debt we need at least to learn how to handle it so that we can control it, before it controls us.

In this book we look at a series of case studis and how people got into trouble with debt.  They weren’t stupid or irresponsible.  Their problems arose because circumstances changed.  Some changes could have been foreseen, others not – but they were things that could happen to anybody at any time – to you or me.

This book will show you:

  • How, if you take the right action at the right tie, you can get matters straight.
  • How to borrow in a way that will minimise the risk of getting into difficulties, and hot to do it at the lowest cost.
  • How, if the worst happens and you get into a complete financial mess, you can get out of it with the least long term damage.

Why (and how) I got this book: I chose this book from LibraryThing’s Early Reviewer’s group because I’m feeling thrifty.

NotJustLaura’s Review: I was actually rather disappointed when this book arrived.  I had expected hints and tips on frugal living – an echo of India Knight’s The Thrift Book, perhaps – but a quick look at the back of this book made me realise that Mr Palmer is actually offering financial advice in this volume.  My instinct was to sigh, mutter, ‘Dull, dry, boring,’ and put the book to the bottom of the pile.  In fact, it is only because it is a Review Copy and I want to improve my chances of getting others in the future that I set out to read it at all!  And I fully expected to be baffled by the content and to give up under The Fifty Page Rule.

How wrong I was!  The book is written in easy-to-understand and friendly terms which resulted in an easy, informative read.  Mr Palmer uses case-studies to show how people accumulate and deal with debt – often with the best of intentions.  He then goes on to detail what to do if you’re struggling with debt – from switching energy supplier to bankruptcy.

Having read this book I now have a greater understanding of how my own spending patterns may lead me into trouble and what changes I can make to safeguard my financial future.

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