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20 Best Personal Finance Books You Should Read Now

20 Best Personal Finance Books You Should Read Now

When we talk about understanding how to manage money, personal finance is one of the most essential skills you can learn. But without any guidance, it is difficult for us to understand the value of handling our money and using it to make even more. However, if you walk into any book store or library, you’ll find there a plenty of guides out there, in the form of personal finance books offering advice on financial planning. But all advices are not equal. To begin, you need some easy-to-read books that will explain you the basics of financing, the best way to save money, and how to pay off your loans.

Here’s a list of books that will help you in getting out of the sneak and rat race of debt and achieve the treasure that you truly deserve.

    The Millionaire Next Door

    by Thomas J. Stanley and William D. Danko

    The Millionaire Next Door is great for all those people who have just come into the game of personal financing, because this book talks about the fundamentals of personal finance with simple, consistent instructions .This book will help you in developing good practices from the very beginning.

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      The Investment Answer

      by Daniel Goldie and Gordon Murray
      In this book, Goldie and Murray pointed out a general guide to capitalizing by concentrating on five basic decisions every investor has to make. This brief, easy-to-read book is the most approachable investing book I’ve read.

      Print | eBook | Audiobook


        Psych Yourself Rich

        by Farnoosh Torabi
        In this book, you’ll learn about the relationship between you and the money. Farnoosh has beautifully explained how our “emotions influence when managing personal finances.” Precisely, this book will bring back you to the concept of behavioral finance and how you can discover your weaknesses and get the most out of your strengths to make structure and maintaining money as stress free and as organized as possible!

        Print | eBook | Audiobook

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          The Millionaire Mind

          by Thomas J. Stanley
          The Millionaire Mind aims a millions of people who have stored considerable wealth and live in ways that flexibly exhibit their prosperity. The writer reveals the surprising answers to some difficult personal finance questions, presenting them to readers through solid examples.

          Print | eBook


            I Will Teach You To Be Rich

            by Ramit Sethi

            In a friendly, naughty style, Sethi put down a serious six-week personal finance program for those who want to master their finance management with minimum effort. This book is so comprehensive that you feel like you’ve been to a long seminar with an outstanding expert after reading it.

            Print | eBook | Audiobook


              The Automatic Millionaire

              by David Bach

              This book highlights the influence of money by introducing the well-known Latte Factor. The author would make you understand the amount of your money goes to waste, realizing how better you can manage it by making the right selections in spending your money. This book will also help you in identifying where you unconsciously use your money and how those little expenses can be used to make you financially strong.

              Print | eBook


                Women & Money

                by Suze Orman
                Every woman in the world should read this book which is designed specially to empower women. Suze wrote this to help women, face their financial challenges and to make women financially strong. So, if you are a woman then you should read this informative book, which’ll guide you on how you must take care of your finances.

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                Print | eBook


                  You’re So Money

                  by Farnoosh Torabi
                  Aninstructive and realistic finance book which concisely tackles the issues college students are mostly likely to face in handling their own finances. Torabi explains readers how to survive without draining the bank and where to find easy places to save money.

                  Print | eBook


                    Thinking, Fast and Slow

                    by Daniel Kahneman
                    Managing personal finance is a series of decisions and this book,Thinking, Fast and Slow,drives support for the readers by understanding what pushes them to make the decision.

                    Print | eBook


                      Debt-Free by 30

                      by Jason Anthony and Karl Cluck
                      Debt-Free By 30 enlightens the basics of arranging your debt, discovering ways for extra money to repay the debt faster. In this book, readers can cheer up and can learn about credit, health insurance, financing a car and expenses.

                      Print


                        The Total Money Makeover

                        by Dave Ramsey
                        It is an incredible book to start with. It is a complete guide to saving fund, starting to invest, getting out of a mortgage, saving for a rainy day, paying off your debt and reaching financial prosperity in your life.

                        Print | eBook

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                          Your Money Or Your Life

                          by Joe Dominguez and Vicki Robin

                          In this era of huge economic ambiguity when everyone is worried about their money and how they spend it, this bestselling book is an essential read. It tells the reader how to pay off debt and cultivate savings, rearrange priorities, solving inner encounters between values and lifestyle, and lot more.

                          Print | eBook


                            The Money Book for the Young

                            by Suze Orman
                            This book again by Suze, Tackle financial problems like student loans, debt, student loan, credit card, debt, and insurance. It communicates straight to people requiring help to deal with finance issues and financial plan for the first time.

                            Print | eBook | Audiobook


                              Beating The Street

                              by Peter Lynch
                              In the book Beating The Street, Peter Lynch describes how to become an expert in handling finance of a company and ways to build a profitable investment portfolio based on your own experience and insights.

                              Print | eBook


                                The Psychology of Investing

                                by John Nofsinger
                                A professor of finance, Nofsinger investigates into the behaviors, psychology influence investors, providing a complete summary on making smart investing decisions for those, who are keen to start their own business.

                                Print | eBook

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                                  7 Money Rules for Life

                                  by Mary Hunt
                                  Mary Hunt is not new to budgeting and personal finance. Although to many she has a background of home economist than an investment guru. This book 7 Money Rules of Life steps out a bit of her old-style comfort zone to comprise lots of facts about financing, retiring, investing and preparation for your financial future.

                                  Print | eBook | Audiobook


                                    Rich Dad Poor Dad

                                    by Robert T. Kiyosaki
                                    This book is an investment classic, and is very informative, worth a read by anybody trying to find firm grip financially. Always keep this book on your shelf.

                                    Print | eBook


                                      The Money Saving Mom’s Budget

                                      by Crystal Paine
                                      Money Saving Mom is one of the best home economists’ book. This book is full of clear guides to getting your family’s financial plan in hand so that you can live the life you want to live.

                                      Print | eBook


                                        The Behavior Gap

                                        by Carl Richards
                                        In this book, Richards centers the senseless mistakes people make again and again financially, buying expensive because of others, buying things that aren’t important — and explains how our natural characters lead us off the track even knowing what is correct.

                                        Print | eBook | Audiobook


                                          The Richest Man in Babylon

                                          by George S. Clason
                                          This Book is read by millions, this precious book embraces the key to success-in the mysteries of the ancients. Constructed on the famous “Babylonian principles”, this bestseller book offers a thoughtful solution to personal finance problems; enlightening the mysteries to saving money, protecting money and earn more money.

                                          Print | eBook | Audiobook


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                                          Published on July 4, 2018

                                          Top 10 Recommendations on Money Management Apps

                                          Top 10 Recommendations on Money Management Apps

                                          Don’t want to overspend your budget, swipe your credit card too many times, and feel like a financial mess? Instead of beating yourself up for the bad financial decisions you’ve ever made, create a new plan!

                                          The solution is simple, save more and spend less. But, we all know it’s easier said than done.

                                          One problem is finding quality apps that save you time and money, and aren’t just hype.

                                          Luckily, there’re many great money management apps available at your fingertips. Here are 10 reliable money management apps that can help you save money, and crush debt.

                                          1. Personal Capital

                                            When was the last time you’ve tracked your net worth? Probably months ago or maybe never. Personal Capital allows you to easily track your net worth and plan for retirement.

                                            Here are some of its main features:

                                            • Sync many investment accounts, and expenses (mortgage, credit cards, etc.) in one place
                                            • Discover hidden fees and how much they’re affecting your retirement plan
                                            • Wealth management for investors requiring a long-term strategy

                                            With Personal you’re free to track your expenses and net worth.

                                            Available for: iOS and Android

                                            2. Mint

                                              If your smartphone could only install a few apps, Mint would be one of them. Why? Because Mint tracks all your balances and bills in one place.

                                              Here are some of its main features:

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                                              • Effortlessly track all your bills and balances in one dashboard
                                              • Categorized expenses to understand where you spend your money
                                              • Uncover hidden fees, and determine your investment style with sophisticated retirement tools.

                                              Feel at ease with managing your money by a reputable company that isn’t going anywhere.

                                              Available for: iOS and Android

                                              3. YNAB

                                                Everyone needs a budget, there’s no way around it. YNAB (You Need A Budget) is an easy to use app that will change the way you think about money. Their motto is to “give every dollar a job”, and you’ll quickly discover why.

                                                Here are some of its main features:

                                                • Easily sync all bank accounts in one place
                                                • Visually see your debt paying progress with eye-catching charts and notifications
                                                • Customized categories setting saving goals

                                                The best part about YNAB is the community that comes along with it. You can hop on the YNAB forum to receive support, listen to the YNAB Podcast or stay tuned for their weekly videos.

                                                Available for: iOS and Android

                                                4. Wealthfront

                                                  Albert Einstein once said “compound interest is the eight wonder in the world”, and for a very good reason. The problem is, most people are scared or unwilling to learn the basics of investing. This is why Wealthfront is the perfect solution for the hands-off investors.

                                                  Here are some of its main features:

                                                  • Variety of investment account options including IRA, Roth IRA, and more
                                                  • Your portfolio composed of 7 different asset classes
                                                  • Automatically rebalanced portfolio
                                                  • Daily tax loss harvesting

                                                  Wealthfront is perfect for people requiring investment guidance, or prefer a hands-off solution.

                                                  Available for: iOS and Android

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                                                  5. Clarity Money

                                                    If you’re staying on top of your budget but want to take your finances to the next level, Clarity Money can help you. Clarity Money helps you stay under budget and build a personalized savings plan.

                                                    Here are some of its main features:

                                                    • Easily cancel subscriptions with one click
                                                    • Synchronize bank accounts fast
                                                    • Transfer money effortlessly between different accounts

                                                    Clarity Money isn’t an app that does it all. But, it does make transferring money and canceling subscriptions fast and efficient.

                                                    Available for: iOS and Android

                                                    6. Acorns

                                                      What if there was a way to quickly gain confidence in investing your money, without too much risk? There is, and Acorns is your solution. With Acorns’s technology, you’re able to make investments as small as $5.

                                                      Here are some of its main features:

                                                      • Automatic contribution option
                                                      • Customized portfolio tailored to your needs
                                                      • Low management fees ranging from $1-$2 per month

                                                      Stop wasting dollars on expensive coffee. Instead, invest them towards a brighter financial future.

                                                      Available for: iOS and Android

                                                      7. Albert

                                                        Do you budget by only subtracting your expenses from your income? If so, how would you discover any overpayments or extra money you could save? This is where Albert shines, and it does it all free.

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                                                        Here are some of its main features:

                                                        • Receive notifications for overpayments, hidden fees, and low balances
                                                        • An Automatic budget that’s built around your spending and income
                                                        • Easily track debt and set new financial goals

                                                        While Albert does offer a paid option, most of its core features are FREE. So, what better option to save?

                                                        Available for: iOS

                                                        8. Prism

                                                          Have you recently forgot to pay a bill because life got in the way? Prism automatically tracks your bills and syncs your bank accounts in one place.

                                                          Here are some of its main features:

                                                          • View all your account balances in one glance
                                                          • Bill due dates are automatically pulled and tracked
                                                          • Receive early reminders for upcoming bills

                                                          If your budget is on “fleek” but can’t seem to stay on top of your bills, Prism is your go-to app.

                                                          Available for: iOS, Android, Windows, Amazon

                                                          9. Mvelopes

                                                            Remember hearing about people using envelopes to budget their money? Well, Mvelopes is the new envelope system for this generation. Easily create monthly budgets and track your saving goals.

                                                            Here are some of its main features:

                                                            • Connect unlimited bank accounts
                                                            • Real-time budgeting with auto transaction syncing
                                                            • Low monthly $4 fee or $40 annual

                                                            Mvelopes can help you crush debt, save more, and help you stop overspending. With its low monthly fee, it’s worth a try.

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                                                            Available for: iOS and Android

                                                            10. Wallaby

                                                              Most people don’t have time to track their credit card’s changing rewards and interest rates. Because of this, you need help reaping the most of your credit card’s rewards. Wallaby is the app that will help you do just that.

                                                              Here are some of its main features:

                                                              • Automatic recommendations for the best credit card to use for each transaction
                                                              • A friendly user interface, displaying credit cards with their corresponding images
                                                              • Free to use

                                                              If you’re using the same credit card to make your purchases, you may be leaving money on the table. Give Wallaby a try if you’re ready to maximize your credit card’s rewards.

                                                              Available for: iOS and Android

                                                              Take control of your finances and experience financial freedom

                                                              Picture yourself staying on budget and saving more money than you’d ever imagined.

                                                              It took hard work and dedication but you’d finally learned how to manage your money. You have to start taking control of your spending and saving habits.

                                                              You now have a list of reliable apps that can help you build better money habits, what are you waiting for?

                                                              Featured photo credit: Pexels via pexels.com

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