Instead of bee-lining it to the magazine section of the bookstore just to catch a glimpse of what the Kardashians are up to or what J.Lo’s secrets to staying in shape are, consider making a trip over to the personal finance section instead, especially if your finances could use a little improvement. Here you’ll find a plethora of personal finance books that promise to help you get your finances in order.
The year might already be half over, but there’s still time to keep your New Year’s resolution to fix your finances before the year is up. Here are a few of the best personal finance books that you might want to give a whirl.
One of the best personal finance books out there is ‘Your Money or Your Life.’ Everyone could benefit from saving a little more money every month. Whether you’re already saving a bit of money but could use a boost, or haven’t started a savings plan yet, this book can help you come up with a solid savings plan that will leave you with a nice financial cushion at the end of the day.
This personal finance book talks about saving, paying down debt, and how to become financially independent. The strategies mentioned are simple enough and easy to implement, and can even help you retire early.
The “Dummies” franchise seems to have a book for just about anything, so obviously, personal finances will be part of its growing arsenal of topics. ‘Personal Finance for Dummies’ is a simple and easy-to-read guide to understanding the basics of personal finance and is meant to help introduce the topic to those who’ve never given their personal finances a second thought.
This personal finance book encompasses a number of different topics and sub-categories, including saving money, budgeting, and even investing to make your money work for you.
That title alone is enough to attract anyone and get them excited. ‘I Will Teach You To Be Rich’ includes a detailed six-week program to help people get their personal finances in order, as well as how to invest and bank in a smart way in order to achieve financial freedom sooner rather than later. The book is geared more towards the millennial demographic and is based on saving, budgeting, banking, and investing.
You might earn a modest living, but that doesn’t mean you can’t enjoy some of life’s luxuries now and then. In order to keep your finances in check and avoid racking up debt, it’s important to spend within your means. But you can still splurge every once in a while if you do it in a smart way and have a specific strategy to go about it.
Sometimes a little sacrifice and prioritization is in order to enjoy the occasional large expenditure while cutting back on certain things to make that happen. By being a bit cheap with things that aren’t as important to you in order to save up enough to spend the big bucks on things that matter, you can live the good life, regardless of what your income may be.
5. The Index Card: Why Personal Finance Doesn’t Have to Be Complicated by Helaine Olen and Harold Pollack
If you’re looking for a simplified way to handle your personal finances without all the fluff or complex lingo that often comes with financial content, then this is one of the top personal finance books for you. The book offers a number of easy-to-implement ways to regain control over your finances.
The authors focus on specific crucial components about your personal finances that can fit on an index card, hence the name of the book. There are 10 critical rules listed, each described in a separate chapter for readers to follow.
Looking to begin investing soon? Then start off your venture by reading William Bernstein’s ‘If You Can: How Millennials Can Get Rich Slowly.’ This book serves as a guide for millennials who wish to start their investment strategies early on in life to give them enough time to gradually build wealth. By the time they hit retirement, there should be enough of a financial cushion – and then some – to live a comfortable life well into the Golden Years.
The book focuses on making certain changes in our behaviors related to our finances and explains how avoiding specific obstacles can help us financially succeed by staying on the right path. The author doesn’t give secret tips on the next hottest thing to invest in to make a quick buck. Instead, the book is focused on investing with long-term motivations in mind.
If you’re like many other families, your grocery bill is probably one of the biggest bills you pay every month. And with the growing price of food these days, you could probably benefit from slashing this massive expense on a regular basis. If you want to save a few bucks every time you hit the checkout counter at the supermarket, then ‘Cut Your Grocery Bill in Half With America’s Cheapest Family’ is one of the top personal finance books to read. It’s chock full of tips on how to strategize each shopping trip to the grocery store to help ensure that you don’t spend any more money than you have to.
Saving money on groceries is one of the fastest ways to start seeing a real difference in the amount of money you spend on your bills every month. By implementing the tips and tricks described in this personal finance book, you can realistically save a few thousand bucks a year, while still eating well.
How many of us are in a financial pickle simply because of mistakes we’ve made with our money? There are a lot of dumb things that consumers do when it comes to their finances, which can quickly put them in the hole when it comes to debt.
Carl Richards identifies these feeble-minded moves and gives us some insight into how to steer clear of such blunders in order to make much better, healthier financial decisions. Basically, ‘The Behavior Gap: Simple Ways to Stop Doing Dumb Things With Money’ is geared towards helping us develop better habits and a wiser mentality about our money and how to get more bang for our buck.
If buying a home is on the horizon in the near future, you’ll certainly want to ensure that you’ve got all your financial ducks in a row. Buying a home is a massive purchase and a significant investment, so you want to be sure you’ve got the financial backing to make a deal happen, as well as the right mindset and understanding of how to be a smart homeowner, landlord, or real estate investor.
Ilyce Glink addresses a number of home-buying concerns that many buyers typically have and helps to squash them with sound advice and information. This guide helps to make heads or tails of the real estate lingo that home buyers may not understand or be intimidated by and gives awesome tips on boosting the odds of securing a mortgage with ideal terms.
If you’ve ever watched the television show ‘Til Debt Do Us Part,’ then you already know the author of ‘Debt-Free Forever: Take Control Of Your Money,’ Gail Vaz Oxlade. Gail’s no-nonsense approach to helping people get out of debt in a relatively short period of time will take some sacrifice and self-discipline, but her advice is sound and can definitely help reduce debilitating debt. The book is basically a textual version of the show with all of Gail’s tips and advice all wrapped up in a neat little package.
If you want to get smarter about your finances, a little homework is warranted. But your research doesn’t have to be labor-intensive or difficult. With a handful of easy-to-read, informative personal finance books like the ones we’ve listed here, you’ve got more than enough to give you the goods needed to put your finances on the right path.