Today’s a combo review and giveaway! NURU asked if I’d be interested in taking a look at their personal finance flip deck and share my thoughts. If you find it as interesting as I did, then you can enter below for a chance to win it!
What’s a personal finance deck? It’s a pocket-sized set of cards (held on a ring, but detachable) with short, clear answers to basic personal finance questions.
For example, suppose I flip to the section on “credit score.” It includes a 2 paragraph definition, including how lenders look at it, the highest/lowest your score can be, and what’s considered a good credit score. The section then answers a series of questions “Why a credit score matters,” “What Determines My Score?”, “Getting Your Credit Score” (they recommend starting at annualcreditreport.com, though credit scores aren’t free like credit reports).
There are 30 cards, double-sided, all with simple answers to common questions.
Who would this deck be right for?
If you’re the type of person who often reads personal finance blogs, this deck may not be for you (unless you have a hard time keeping the basics straight or want to be sure). It’s best for a friend, relative, or nearly-adult child who doesn’t know very much about personal finance and isn’t interested in spending a lot of time finding out. Ideal if they’re just moving into a phase of life where they’re responsible for their finances for the first time, such as a college student.
This is the ounce of prevention which may keep them from needing the pound of cure later on. It won’t help them build a debt snowball or find another way out of debt, but it may keep them out of debt. For example, there’s a card that explains the concept and terminology of adjustible rate mortgages, so that they’d have a better frame of reference for evaluating one, instead of just jumping for the attractive initial interest rate.
This is a concise alternative to a personal finance for beginners book, and only costs $10 if you want to buy the set (I’m not getting a commission on it).
How to Win a Copy!
To enter: leave a comment on this post about who you’d like to give this deck to and why. Or why you’d like to keep it for yourself.
A winner will be drawn on 01/14/09 after 7:00pm EST using random.org to choose from among legitimate entries.
Technical stuff: I am the final arbiter of this giveaway. Void where prohibited. Will mail to anywhere in the continental US or Canada. You’ll need to provide a valid e-mail address with your entry so I can get in touch with you if you win!