Personal Finance For Canadians For Dummies Book Review

by Pam on May 16, 2010

Personal Finance For Canadians For Dummies by Eric Tyson, MBA and Tony Martin

Personal Finance For Canadians For Dummies is a great read for anyone wanting to brush up on various aspects of personal finance ranging from reducing taxes to investing to budgeting.

I really appreciate the style of writing used in this book as it is so easy to follow and understand, and believe it or not, the book isn’t boring like so many finance books seem to be.

This book is a thorough guide for Canadians who want to create a solid strategy for tackling their finances.  There are some great tips on managing and reducing debt, selecting tax efficient investments, and on setting financial goals.

I would highly recommend that you either purchase this book to use as a reference or, at the very least, borrow it from your local library and skim through it.  My favorite chapter discusses methods of “taming taxes” by making use of the tax credits available that many Canadians may not even be aware of.  I think this book is worth your time, even if you just check out the chapter on taxes.

Other topics discussed in the book include choosing the right type of insurance that best suits your needs, selecting an appropriate real estate agent to buy or sell your home, working with financial planners, and saving for education expenses.

If you want to continue to expand your knowledge about personal finance, this is a great book to start with.  It is refreshing to find a book that caters specifically to Canadians, as so many books I have read seem to cater more to Americans.  Take advantage of this valuable resource and start building wise financial strategies today.

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