Broke Millennial Book Review: A Great Refresher on Personal Finance for Millennials

Erin Lowry’s Broke Millennial is a practical, no-nonsense guide for young adults to understand and take control of their finances. The book is in an easy-to-digest style, making it perfect for learning how to get your financial life together without feeling overwhelmed.

The book is a millennial’s guide to getting their money right, and it’s unlike technical finance books. Broke Millennial is like a great refresher on personal finance for millennials.

My Rating:

❤️❤️❤️❤️🤍

"A great refresher on personal finance for millennials."

Check Broke Millennial on Goodreads

What’s Broke Millennial About?

As the title suggests, Broke Millennial is geared toward millennials who are tired of scraping by and want to get their financial life together. It covers the basics of managing personal finances—understanding income, tracking expenses, etc.

The book is broken down into chapters you can flip through based on your financial situation. It gives readers, at different points in the money journey, the flexibility to read what they need.

What Works?

The strength of Broke Millennial lies in its simplicity, relatability and practicality. Lowry doesn’t dive into complex financial theories; instead, she offers actionable tips for the day-to-day financial challenges millennials face. She addresses common millennial struggles like student loans, handling debt, and navigating the "side hustle" culture.

The structure of the book is a big plus. You don't have to read it cover to cover. You can pick and choose the chapters that are relevant to your current financial situation. Whether you’re just trying to budget or looking to start investing, there’s a chapter for you.

Lowry writes in a conversational style that feels like chatting with a financially savvy friend, making finance more accessible.

What Falls Short?

The book doesn’t offer a lot of new information for those already familiar with personal finance. If you’ve read a few other finance books, Broke Millennial may feel more like a refresher course than something groundbreaking. It’s more of a beginner’s guide.

Who Should Read It?

Broke Millennial is ideal for young adults in their 20s and 30s who are just starting to think seriously about their finances. It’s great for anyone who feels overwhelmed by financial jargon and wants straightforward, easy-to-follow advice. If you’re looking to build better financial habits without diving into the deep end of the finance world, this book is for you.

Final Thoughts

While Broke Millennial may not be groundbreaking for seasoned finance readers, it’s definitely a valuable resource for those new to managing their money. It’s a solid guide for those looking to get their financial life together without getting bogged down in complicated concepts. Erin Lowry’s relatable tone, practical advice, and flexible chapter structure make this a great book.

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