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The following post is by MPFJ staff writer, Melissa Batai. Melissa is a freelance writer who covers topics ranging from personal finance to business to organics to food. She blogs at Mom’s Plans, where she shares her family’s journey to healthier living and paying down debt.
Judy Resnick, a financial planner in Los Angeles, seeks to educate all women about their finances and empower them to make their own financial choices rather than relying on a man in her book titled, I’m On My Own and So Are You.
About Judy Resnick
Who Should Read This Book?
Even if a woman is happily married and never faces divorce, she needs to be involved in the family finances and understand how money works. Resnick’s own mother was blissfully ignorant about the family finances. When her husband died unexpectedly, she found out that her husband had much less money than she had always thought. In addition, she had no idea how to handle finances on her own and relied on Resnick to pay her bills and take care of her. Resnick believes that no woman should be in this position, and I agree with her.
For other women who get divorced or are widowed or never marry, learning how to handle their own finances is essential. In her work as a financial planner, Resnick has seen many women who rely on men to support them and take care of them. When one man leaves or dies, these woman are on the hunt for the next man to take care of them, which, not surprisingly, gets more difficult as the woman ages.
Strengths of the Book
Additionally, this book isn’t just a dry financial book. Resnick weaves stories from her own life throughout the book, giving the book a human touch. In fact, her personal story is so compelling that I kept reading just to see what would happen to her next.
Weakness of the Book
If you are a woman or if you’re a married man or father of a daughter, I’m On My Own and So Are You should be recommended reading. Empowering women to be involved in the family finances is Resnick’s goal, and she presents a very interesting read explaining how to do just that.
Do the women or men in your life tend to take more responsibility for the finances, or is it shared?
Share your experiences by commenting below!