One thing that the ever changing world cannot take away from us is the love for reading, especially when we stand to gain from it. So, in case you were wondering what to read if you want to save up some cash to invest in crypto, for example, look no further. No matter what type of book you like - short, long, guide or a nice read, these eight will have you covered:
Your Money of Your Life, by Joe Dominguez and Vicki Robin
This best seller book was written by personal finance pioneers Joe Dominguez and Vicki Robin back in 1992. This book became a finance classic and was updated several times to reflect the developments and changes in our society. One of the main thoughts promoted in this book, which already influenced many people’s lives, is that we exchange our time for money. Count how many hours do you spend at work earning for a one hour restaurant meal. Is it really worth it? Changing the mindset is encouraged to set habits, without the need to force yourself to follow a step by step guidance on how to save money. Answers to a majority of the everyday financial issues can be found in this book. Even the topic of supporting environmental stability through considerate money management and saving is covered.
365 Ways to Live Cheap: Your Everyday Guide to Saving Money, by Trent Hamm
Imagine you’re stuck at home all day and there is a piece of pie in the fridge, the next day there are plenty of unpredicted spendings and all your buffer money is gone in a blink of an eye. Don’t get too frustrated as there is a book 365 ways to leave cheap. Yes, there is a way to save money all year long! The key idea is that there is a way to cut on every day spending to win long-term. For example, cold water laundry will save around $65 a year, while there are better ways of household hygiene than stocking all the promoted range of cleansers. In this book you will find a huge amount of money saving tricks and form a lifestyle that suits you and your bank account. Some of the advice will help recognize extra expenses with long–term opportunity costs.
The One Week Budget, by Tiffany 'The Budgetnista' Aliche
In case planning a year ahead or planning long-term savings is too demanding for you, here is “The one week budget” which will help you save money with no hassle. The advice is not puzzled into complicated methods. By following easy tricks you can create your finance management system. The author, as a teacher, is extremely good in explaining, so the book is easy to understand, and methods are really catchy. The money advice described is mainly on decision-making, which allow having more, spending less, and consequently saving more. Perfect for young adults, who want to save money, and need practical solutions on routine basis.
How to Manage Your Money When You Don't Have Any, by Erik Wecks
If the last time you opened a book that promised to become rich, but was useless and you feel you don’t even have a starting point… this book is for you! If you think that the major problem you have is a low salary, there is a chance that it’s the impact of not holding the balance of the finance. The topic of personal finances is covered in a way which is clearly differentiated from other books on a financial health. This book is focused not on creating wealth, but on a well thought out plan on how to allocate and save money when facing a financial downtime. The key aim is to explain how to reach financial stability, no matter how much you earn. The content is rich with real life examples, the book is easy to read and the author outlines solutions to tricky issues in an appealing humorous way. Even if you are not fond of reading, you can open the book from time to time and still get some useful insights and life hacks.
The Total Money Makeover: A Proven Plan for Financial Fitness, by Dave Ramsey
A best seller guide on how to save money and align needs with capabilities, dreams and reality. That is not about monetary diet, or ways-to-get-rich scheme, that is a book about financial fitness. Is there a difference? There is! Simple and straightforward, result-oriented advice is outlined in this book, without building on illusions and air castles. Nonetheless, the author gives a hope that financial situation can and should be improved, debts can be cleared and will never appear again. The author reveals top 10 money myths, which may change your perception on personal finances. It covers an issue of the American dream and its impact on individuals overspending and debt trends. Overall the book is about simple financial fitness plan explained step by step to achieve objectives which will improve personal financial health. Money allocation, goals for saving, ways to get rid of debts and investment advice are covered with alignment to reach a total money makeover.
Smart Couples Finish Rich, Revised and Updated: 9 Steps to Creating a Rich Future for You and Your Partner, by David Bach
There is a movie “Anatomy of marriage”, 1964, where a story of the married couple is told from two different perspectives: her thoughts and his view on situations they overcome together as a couple. Guess what, these views are completely different! Although, this couple lived together, they lived in two different realities with like a chalk and cheese perceptions on circumstances. Almost the same thing is told in a book “Women from Venus, Men from Mars.” Yet, this book is different. Even if you and your partner are living in different realities or on different planets, you can still align you finance planning and budgeting with advices you’ll find in this book. Comprehensive tools and techniques covered in this book will provide insights on how to manage your credit, where to invest money, and how to save money for investment. All is explained straight forward so that you and your partner will make the same conclusions and develop common understandings on how and what to achieve financially.
“[David Bach’s] advice is heartfelt and worthy. For most couples struggling to make their financial lives smoother, this is a good place to get the dialogue rolling.” – USA Today
The Proven System for Breaking the Paycheck-to-Paycheck Cycle, by Jesse Mecham
There are two editions which complement each other perfectly:
The first book “You Need a Budget: Getting out of Debt, and Living the Life You Want” covers budgeting through the clever money engagement. It helps to develop clear understanding of expenses, prioritization, tricks on how to make regular and unforeseen costs manageable. The author represents philosophy of YNAB (You need a budget) and covers an in-depth explanation and promotion of the YNAB’s 4 rules which are: “Give Every Dollar A Job. Embrace Your True Expenses. Roll With The Punches. Age Your Money”. It seems self explanatory, but you will find applicable solutions and practical guidance on how to actually follow these rules and how to change your mindset to improve your saving abilities and stabilize financial situation.
Part 2: A proven path to money mastery in only 15 minutes a week!
While in the first edition the author emphasizes the philosophy of budgeting, the second edition gives you more details on diverse methods you can use for budgeting and highlights mistakes and budgeting traps. This is a more practical edition which makes it easy to dive into practice if you already developed budgeting mindset. Not to forget to mention a brilliant bonus – the book also includes free unlimited access to the Money Tracker tool. That will boost budgeting skills for sure.
The Ascent of Money: A Financial History of the World, by Niall Ferguson
Money is one of our basic needs. Money flows in and out forming our abilities, goals individual and global finance. Dealing with money is a routine aspect in our life and it tremendously fluctuates in terms of economy. Facing it day-to-day, trying to predict its future variables, we are not fully aware of money’s history. This book, unlike others presented in this selection, won’t suggest you particular advices and steps on how to improve your personal finances, but allows a better understanding of financial system through revealing human story behind the evolution of finance. Ferguson argues that money history, development of debit and credit is essential in the rise of civilization. This book tells a thrilling history starting from money genesis in ancient Mesopotamia, outlines cruises from Ancient Egypt’s Memphis to nowadays Chongqing, covers all the roots of modern financial system. You can learn the history of money, understand its nature, and maybe change the perception on your personal finances. A combination of technological and financial progress introduces new currencies like crypto, new directions of money development and brings us to the existing opportunities. We all have a chance to leave a mark in money evolution history.