The Best Personal Finance Books To Read In Your 20’s

October 27, 2015

The Best Books To Read In Your 20's

 

If you’re trying to fix your finances, starting in your 20s is the best way to go. Even if you’ve got student loans, no credit and credit card debt, there’s still hope for you. If you want to pay off debt, start investing and learn to save, time is the most important resource you can find. That’s why starting young will set you up for success later in life.

Here are our top picks for personal finance books to read in your 20s:

Zina’s Favorite Personal Finance Books:

Living Well, Spending Less: 12 Secrets of the Good Life by Ruth Soukup

If you’ve just graduated, you might be wondering how to manage your newfound adult responsibilities while still having a life. For those of you, this book should be your bible. Ruth Soukup details how you can learn to manage your money while enjoying your life. She proves that it’s possible to have fun without blowing your budget or getting into more debt. This book will help you learn how to avoid peer pressure and spend money on what you really care about.

If your personal finance education is nonexistent, you need this book. It’ll show you the ropes of personal finance without overwhelming you. This book is especially written for high school and college students and recent grads. Don’t blame your parents for not teaching you the difference between a Roth IRA and a traditional IRA; read this book instead. You’ll learn the basics of budgeting, saving, investing and more. Take charge of your finances and educate yourself.

Budget Bytes: Over 100 Easy, Delicious Recipes to Slash Your Grocery Bill in Half by Beth Moncel

If you’re not careful, grocery shopping and eating out can quickly wreck your budget. That’s why this book is a godsend. Not any regular cookbook, it has recipes designed for saving money and eating well. The recipes are simple to make as well as affordable. Plus, they’re tasty! Using this cook is a great way to learn the basics of cooking, meal planning and saving money. Soon you’ll be able to learn how to create your own “budget bytes.”

Young, Fabulous & Broke by Suze Orman

This was the first personal finance book I ever read.  Suze Orman can sometimes be a controversial figure in personal finance, but I really loved her no-nonsense approach to finance. If you can’t afford it? Don’t buy it.  If you haven’t set aside money for an emergency, you are putting your future at risk.  She sets young folks straight- you cannot build a future on borrowed money that you have no plan to pay back.  Pay down your debts, save up for what matters most, her guide is a straight forward tough talk to folks in their 20’s.

You’re So Money: How To Live Rich Even When You’re Not by Farnoosh Torabi

Farnoosh is quite a powerhouse in the finance world, and this was her first book which I got my hands on in my early 20’s. It’s a refreshing guide to budgeting, setting priorities, and learning how to afford anything with some creativity and planning.  Farnoosh approaches personal finance like I do, which goes against what some voices in the space advocate for: you can afford anything, but you can’t afford everything.  Yes, you can afford a designer purse with the right plan and justification, but you cannot afford all the things you want, be smart and plan ahead!

7 comments so far.

7 responses to “The Best Personal Finance Books To Read In Your 20’s”

  1. I agree with so many of these choices! I also think Richest Man in Babylon is a great one to read again and again. The widely you read, the more background you have to draw upon when making decisions. Love it!

  2. I haven’t had a chance to read much personal finance books but I’d love to read at least one or two before I turn 30. Thanks for the list!

  3. Monica says:

    I think one of the first financial books I ever read was a Dave Ramsey book although I don’t think I ever 100% took his advice to heart. Living Well, Spending Less sounds like my next financial read!

  4. Denise says:

    I love Suze Orman, her no nonsense approach to money is amazing. I remember when she was on the Oprah show some years ago and she just makes so much sense. Her advice is simple and easy to follow.

  5. I’ll add Rich Dad Poor Dad to this list. ERE was a huge inspiration for me to pursue financial independence although I didn’t realize it was a book. I started with the blog and Mr Money Mustache.

  6. Lexie says:

    Thank you so much for this list, I am definitely giving a couple of these a go!

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