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Pocket Your Dollars

I received a copy of Carrie Rocha’s book Pocket Your Dollars, 5 attitude changes that will help you pay down debt, avoid financial stress, & keep more of what you make, in exchange for my honest opinion and review.  This book is published by Bethany House, but it is for the most part secular.

I was especially interested in Rocha’s book after recently reviewing Pound Foolish, exposing the dark side of the personal finance industry by Helaine Olen.  Olen’s thesis is that if you actually look at the research, most Americans don’t get over their heads in debt because they are leaking money on cappuccinos, but because something really bad happened to them, like they were out of work for several years, their cancer came back, or they suddenly had to raise their grandchildren.  Olen is critical of the traditional fiance “experts” for being sanctimonious and patronizing.

Pocket Your Dollars takes a much kinder approach than the talking heads you see on TV.  Rocha doesn’t yell at readers but instead helps them analyze the emotions behind their spending.

Still, the primary point of Pocket Your Dollars is in line with the rest of the personal finance industry.  “Americans have a spending problem.  If we just stop leaking money things would be different.”

I’m not sure I buy that anymore.

If your adult child becomes paralyzed what should you do?  If you were part of an industry (like home construction) that had three or four horrible years in a row, then what?  What happens if your adult parent (who didn’t have long-term care insurance) develops Alzheimer’s and you need to take care of your mom or dad? There are a myriad of financial disasters out there waiting for you that are entirely out of your control.

On page 38 Rocha writes out a message for readers to internalize:  “Others may have had a negative influence on me and my finances, but I chose to associate with them.”  Try telling that to a parent camped out in Children’s hospital caring for a sick child.

I would have liked Pocket Your Dollars a lot more if there had been more understanding about crummy bad luck.  But still, I like Carrie Rocha’s message a lot better than a lot of the other books out there.

A lot of books I read once and then donate to our local library.  This one I’m going to keep.


  1. Ametrine says:

    I think most would be more understanding if they realized that nearly half of American FAMILIES make around $50,000 a year…or roughly $25,000 per person. (Source: http://www.mybudget360.com/how-much-do-americans-earn-2013-us-median-household-income-growth-data/)

    Who can live on that when life deals a blow? One is still expected to pay student loans, mortgage, living expenses, etc.

    I’ve ditched popular hosts (Suzie and Dave) because they are obviously catering to those who are in the upper percentile in wealth.

    Who will step up to the plate and help us “peasants”?

    • I totally agree with you Ametrine. It’s frustrating too, knowing that so many TV shows reflect a $ reality that most Americans can’t enjoy. An interesting website I found after I reviewed Pocket Your Dollars was “Bad Money Advice”. He really goes after conventional $ gurus like Dave Ramsey and Suze Orman. It’s an interesting read.

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