Summer reading lists are heavy on page-turning thrillers or novels with little caloric value. It's atypical to find money books on the list. I get it. Books about personal finance tend to require a type of concentration that's in short supply after a day in the sun. But summer is also a good time to regroup and consider new ways of approaching ever-present challenges in our daily lives. Here are two books that re-energized the way I think about my family's time and stuff. While they may not seem money-related upon first glance, both offer pocketbook insights in addition to the topics their titles suggest.
"I Know How She Does It: How Successful Women Make the Most of Their Time," by Laura Vanderkam
I've always found the author's contrarian but positive outlook on time management inspiring as I've juggled jobs, kids and my tendency to overcommit.
Her new book gleans insights from time diaries kept by six-figure-earning professional women with at least one child at home. The book reveals that high-earning moms don't work around the clock, but they do work flexibly — blending work, family and personal time in a rich mosaic where personal and work time aren't separated by a rigid divide. For example, 75 percent of women conducted personal activities during typical work hours in the week that they tracked. About the same number conducted work activities during personal hours, logging on after the kids went to bed or checking e-mails in the grocery line. Many women worked remotely, whether by a set number of hours or on rare occasions.
It was fascinating to pore over other women's time logs and reassuring to see some of my own tried and true strategies reflected on the pages. For example, I think of my calendar the way I think of my budget. I look out several days, if not weeks, to make sure I've allocated ample time to complete projects or pick up kids from camp. In recent years, I've also been more thoughtful about how much my time is worth, and have realized that cheap or free can come with a high price tag. Paying for a baby sitter or house cleaner can pay dividends.
After reading "I Know How She Does It," I'm going to try to build more slack in my calendar so that I'm not rushing from one thing to the next — kind of an emergency savings account for time, if you will. I'm also going to try to set aside a day on my next business trip to visit a museum, which has nothing to do with money but will invest in my curiosity about art and history. If you want suggestions for meeting obligations while finding time to meet your life aspirations, Vanderkam has them.
"The Life-Changing Magic of Tidying Up: The Japanese Art of Decluttering and Organizing," by Marie Kondo
You may think clutter has little to do with money, but I think the two are inextricably connected. For one, combing through your collections teaches the tough lesson that interests can be fleeting, but the money spent is forever. It's also a lesson in the resale value of books, clothes and household goods. After hauling two boxes of books to a used bookstore, it was apparent to me that donating volumes or sticking them in a neighborhood Little Free Library would be better.