Summary:
The book presents an in-depth analysis of the financial practices of impoverished households in Bangladesh, India, and South Africa, based on year-long interviews and financial diaries. It reveals how, despite their limited resources, these families manage their money through a variety of tools and strategies to handle emergencies, plan for the future, and optimize their meager incomes.
Key points:
1. Financial Diaries Research: The book discusses a study where researchers tracked poor households' finances in three countries, showing their complex money management on less than $2 a day.
Books similar to "Portfolios of the Poor":
Money Honey
Rachel Richards
The Index Card
Helaine Olen|Harold Pollack
The One-Page Financial Plan
Carl Richards
The One Week Budget
The Budgetnista Tiffany Aliche
How the Poor Can Save Capitalism
John Hope Bryant
The Behavior Gap
Carl Richards
Personal Finance QuickStart Guide
Morgen B. Rochard
The White Coat Investor
James M Dahle MD
$2.00 A Day
Kathryn J. Edin|H. Luke Shaefer
Broke Millennial
Erin Lowry