Choosing the best personal finance books can be a little tricky. The market is flooded with them! Whether you are already a pro at managing money or need some hand holding, these personal finance book suggestions can help you achieve your personal finance goals.
I love self help books and I love reading about how to improve your finances, so I can vouch for the 13 books listed below. Some are classic, some are lesser known, but they all have amazing advice about how to improve your finances. Whether it’s how to save, how to budget, how to live within your means or how to invest — these books are little gold mines of information.
Top 13 Personal Finance Books to help you save money
How do you expect yourself to be good with money if you haven’t ever educated yourself?
No matter where you are on your money saving journey, here are some books to help you. I’ve even helped you figure out which book about saving money is best for you no matter where you are on your personal finance journey.
Just starting out? I’ve got a suggestion for you? Want to know the best book for learning how to become a millionaire? I’ve got that suggestion too! Read on to find the best personal finance book for you.
Best Personal finance books for beginners
Sethi explores four pillars of personal finance — banking, saving, budgeting and investing in his book. His six-week program is targeted to the 20-35-year-old demographic. His no-nonsense approach is practical, straightforward and the original book was chosen as one of Amazon’s Best Business and Leadership Books of 2018. A second edition was released this year and was named a New York Times best seller.
Siegel lays out 99 principles to adopt in how to be financially savvy. But don’t fret! Siegel breaks down the principles into eight broad lessons. This book is written in such a down-to-earth manner that it can be read by high schoolers, though the key demographic seems to be for those in their 20s.
Best Personal finance book for getting out of debt
Studies show that Americans now have record-high credit card and student loan debt. It’s safe to say that the majority of Americans are in debt. Ramsey’s The Total Money Makeover is the book for pulling yourself out of debt. Ramsey’s word on financial health and wellness has practically become gospel, and he makes tackling a mountain of debt feel incredibly doable.
Best "feel good" Personal finance book
The daughter of personal finance guru, Dave Ramsey, opens up about her own experiences with money. Despite having a ton of guidance for personal finance, she still relates to the struggle of keeping up with the Joneses. This book delivers 7 essential money habits to help you live the life you love and can afford.
Best Personal finance books for Millennials
This, of course, is a great book for millennial struggling with student loan debt and trying to not live paycheck to paycheck in a highly competitive workforce strapped with ever-rising costs of living. Become a money master by reading this book filled with practical advice and humorous anecdotes.
Okay, millennial are struggling with money, we get it! This is another great option for those in their 20s struggling with student loan debt. It’s a compelling read with a “wake-up call” urgency, navigating those with student loan debt toward financial freedom.
Best Motivational Personal Finance Book
Best books for becoming a millionaire
Bach takes an incredibly simplified approach to finances by condensing his advice into one step. His books read incredibly well and gives you empowerment and confidence that you, too, can become a financial savant. The Automatic Millionaire spent 31 weeks on the New York Times Bestseller List when it was published in 2004 and has sold more than 1.5 million copies.
Okay, millennial are struggling with money, we get it! This is another great option for those in their 20s struggling with student loan debt. It’s a compelling read with a “wake-up call” urgency, navigating those with student loan debt toward financial freedom.
Sensible Personal Finance Books
This book focuses less on budgeting and more about spending habits, while also not turning into a total tightwad. It addresses the concerns of those who don’t want to turn into penny-pinchers. It balances the art of being financially responsible without completely sacrificing lifestyle.
Vanderkam turns the value of money on its head in this engaging book. She shatters the notion of “Keeping up with the Joneses,” calling out the toxicity and impracticality of it. In a world where social media showcases the best of the best (much of it bought with money), Vanderkam urges readers to focus on what truly matters, and the financial responsibility will come naturally.
Best Book for personal investing
If you feel like you’ve learned to live within your means, nailed down a budget, tackled your debt and started saving, then maybe it’s time to start considering investing. Sounds intimidating though, right? But Bogle does a great job of dispensing simple advice on how to invest wisely.
Best Personal Finance Book for Parents
This book has stood the test of time. Having recently celebrated 20 years in 2017, Kiyosaki released an updated edition that shares insights on money management — both from a personal standpoint and lessons to share with your kids. This books makes for a great read, since it’s part memoir and part advice.
Leave a Reply