Q&A With Carrie About Her Book “Pocket Your Dollars” (Bethany House, January 2013)

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My daughters spend hours practicing a made-up show, arranging seating for their stuffed animals and parents, if we’re fortunate enough to be invited,
making tickets and practicing some more. Then, they’ll invite Marco, me, their stuffed lamb and Piglet dolls to enjoy their performance. But, we usually run into a problem. Somebody gets cold feet.

I’ve been the kid with cold feet these last few months.

Writing a book sounded like a great idea. I planned for it, then put off doing it, but finally got it done in June. Since June, you haven’t heard much about it. Not because it isn’t on my mind. You haven’t heard much about it because I felt like the kid with all eyes on me. Suddenly I froze. Fear. What would people think? What if my performance isn’t good enough? What if? What if? What if?

Stupid, stinking cold feet.

Tick tock. Tick tock.

It’s now 6 weeks from when my book hits shelves nationwide. (Did you hear that? It’ll be available in bookstores like Barnes & Noble nationwide. It’ll also be in Target and Costco stores regionally near Minneapolis, where I live). It’s time for me to talk about it. It’s time for you to get to know another side of me. It’s time.

Today, right now, you can pre-order the book online from most major booksellers including Amazon and BN.com. In fact, the book will be Barnes & Noble’s Deal of the Day from 11/13 – 11/20/12; during that time it’ll sell for half price.

Q&A With Carrie

Since you are my favorite people on the internet I’d like to share with you a written interview my publisher and I put together. I hope it gives you a flavor of the book and a flavor of a slightly different side of me than what you often see around here. (I hope to share more of this other side, the one that talks about life and money, with you in the days and weeks ahead.) I welcome you to ask other questions or share your comments and feedback.

Carrie, what is your hope with this book?

I expect this book to change lives. I expect people who have struggled to gain control of their financial life to be refreshed and set on course. I expect people who are doing okay, but not as well as they want, to see how to improve their life. I expect those who are drowning in debt to feel like someone understands and is guiding them out.

You say lasting financial change starts first with an attitude adjustment. How so?

You have two choices when talking about changing your finances: a focus on behavior or a focus on attitude. When we transform what we think, feel, and tell ourselves on the inside, then the desired behavior more easily and consistently flows to the outside.

How do you change an attitude?

The first place to start changing an attitude is in your self-talk. The narrative that runs through your mind as you earn, save, and spend money reveals your attitudes. Thoughts don’t go away all by themselves. They need to be replaced. In Pocket Your Dollars, I share anecdotes for each attitude we discuss so you can change your internal dialogue.

How much debt did you have and how did you pay it off?

We had almost $60,000 in debt (more than $50,000, but not quite $60,000). We paid it off by first changing our attitudes toward money. From there we were able to dramatically change how we handled our money. We found ways to live within our means. We prioritized saving money for tomorrow’s emergencies. We worked together toward a common vision for our financial life.

You’re a big proponent of expense tracking. Why? How can a busy person do that?

Expense tracking is like a GPS that helps you navigate your financial path. It’s just like your GPS in that it tells you when you’ve gotten off course so you can correct it. Plus, it’s easy to do. The days of saving receipts and keying expenses into spreadsheets are done. There are apps and computer programs that sync with your bank account to track spending. Others allow you to take photos of receipts and generate expense records.

How is expense tracking different from a budget? What place does a budget have in someone’s life?

A budget is a forward-looking permission slip about how you are going to save and spend money. It’s a plan. Expense tracking looks backward and captures how you really did. It measures results. When supported by positive financial attitudes, a budget and expense tracking can lead you out of the darkest financial places.

In addition to your personal finance expertise, you are also an expert on couponing and money-saving tips. What role does couponing and finding “deals” play in long-term financial success? And do you give specific tips in Pocket Your Dollars?

When I quit thinking “If I only had more money” and  “Fake it ’til I make it,” I realized that our financial success was dependent on the money we had in our hands right now. Would we spend it all? Would we save some of it? Would we leverage it to gain additional debt?

I firmly believe that long-term financial success requires you to spend less than what you make and to consistently save a portion of your income for future needs. As a result, you have to figure out how to live the life you’ve grown used to for less money. In Chapter 13, I share my most popular tips for how to save money on everything from groceries to cable to cell phones to gasoline.

Money is often a point of contention in a marriage. How can that be minimized?

Shared understanding has an incredible power to minimize contention. From life-long grandiose dreams to the road map on how we get there, it’s important to be in sync with your spouse. When it comes to money, I think it’s really important to understand the “why” behind the “what” your spouse is saying. They might want to buy something, go somewhere, save a certain amount, or invest a certain way that you don’t agree with. In Chapter 4, I share a communication technique I call “Choose From 2” that helps you understand why they hold their position, so that you can reach an agreement.

If I make a commitment to change my finances, then fall off the wagon, how do I dust myself off, recover, and keep making progress?

A setback is a threat to your motivation. That is especially true if you have a particular outcome in mind instead of a focus on the process you are in. Reframing the setback in a way that preserves the four main facets of motivation—commitment, your confidence, your sense of control in the situation, and your composure—is key. It’s about how you interpret the situation.

Personal financial change can be overwhelming to think about. What’s one thing I can do right now to start?

Besides reading Pocket Your Dollars, the first thing to do is take personal responsibility. Until you own the responsibility for your current situation, you won’t believe that you have the power to change it.

What other questions do you have?


  1. Karen says

    Carrie, congratulations! I'm so glad you warmed those feet up. I just jumped over to B&N to pre-order it and while it shows up under the "Deal of the Day" button, when you click on it to buy it goes back to the non-deal price. Not that I wouldn't pay the higher price for your wisdom, but hey, a deal is a deal. So I will try back in a while to see if they have adjusted that (or you might want to work your magic to fix it?)

    Again – CONGRATULATIONS!!!!!

  2. Courtney says

    Love it! I can think of a few people who fell off the Dave Ramsey bandwagon and need some inspiration. This sounds perfect.

    • says

      Yes! The e-book formats are not available for pre-order yet. We are still getting those put together, but yes. There will be both a Nook and Kindle version. The MSRP will be the same as the print book at $13.99.

  3. Sue says

    Yeah – I also just went on Barnes & Noble & purchased it & got my free expedited shipping too! I am so glad you did this. I had purchased tickets to your seminar that was cancelled. I was so disappointed that I didn't get to go to your seminar. Is this book what you were going to cover in the classes?

    • says

      It is some of the things. This book answers a question I'm commonly asked, "how did you get out of debt?" Finally, I'll be able to direct people to this book a an answer to that. Not just how I did it, but how others can experience huge and lasting financial change too.

  4. Dawn Burdette says

    just pre-ordered mine from B&N and received my free express shipping. Great Job Carrie- I KNOW THE BOOK WILL BE A SUCCESS. I know because the words you speak on your site and in your interviews speak volumes to the quality of work we (as your readers) will find in your book. Thank You for writing the book.

  5. Melissa says

    Carrie- Will you do a few book signings?? I would love to come buy the book and thank you in person for all the great things I have learned from you about saving money.

    • says

      I look forward to meeting you! Yes. We will have a handful of book signings in and around the Twin Cities area. Exact dates and locations are still being finalized, but I'll announce it when I do. If you pre-order this copy now, then you can bring it along to a book signing and I'll sign it for you.

  6. AsUntoTheLord says

    "When we transform what we think, feel, and tell ourselves on the inside, then the desired behavior more easily and consistently flows to the outside."

    I love this quote! This really is a vital step in SO many other areas of life. I'm glad I *met* you (virtually :-) and have really been edified by your mentality on life, including (but NOT limited to) financial issues. :-)

    Can't wait to read the book…sad I missed out on the Amazon promotion, but hoping for some others when it comes out.

  7. says

    My mother-in-law got your book for me for Christmas and I cracked it open last night. Thank you for early shipping!!! It's really good and within a few short pages I was shocked by the attitudes I had that would need addressing. It's phenomenal Carrie and I am excited for the change I foresee happening in our lives. We even got some encouragement on how to help our daughter sleep in her own bed – double bonus. Thank you!

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