My BIL is awful with money. He and my SIL recently got divorced, and he is struggling even more now that he has to pay child support. The Missing Money post earlier had me searching for money for us, but I also found that he has some. I messaged him about it, and he said he was going to use it to catch up on bills. I told him that H and I have some good resources for money management that we could give him, and he has accepted. I've got a copy of Dave Ramsey's Total Money Makeover that I can send him, but I'd like to pass along other resources to him to help him set a budget, snowball his debt, etc.
What should I send him? (It can be via the post office or via email.) Thanks!
Maybe buy him YNAB? I love the software and the app, and YNAB has really helped me with tracking spending ("oh crap, I really did pay that much for clothes last month!!") and it helped reinforce the concept of needing to plan/save for next month's bills.
I just snowball using an excel spreadsheet, so nothing fancy there.
Thanks RockNVoll. I am not the biggest DR fan either, but it's what I have at home right now. I will also pass along Mint to him to track his finances. He isn't much of a reader, so I think we'll be lucky if he even finishes one book.
If he's not much of a reader, maybe stick with the one book you already have and send the rest via links to articles and useful websites. I would start with that debt snowball website (ETA: www.whatsthecost.com/) that was popular around here a while ago, plus Mint and YNAB so he can decide which he likes better. And maybe some relevant MSN Money articles?