We live in a world where technology is continuously growing, and we instantly turn to the internet where information is easily available within minutes. However, when it comes to money management, there are several exciting books that provide a range of valuable budgeting insights and strategies for managing your finances. Here we’ve put together some of the most highly recommended money management books.
Money Honey by Rachel Richards
First published in 2017, Money Honey was written by bestselling author and former financial advisor Rachel Richards. By combining the touchy subject of money and humour aspects, Rachel talks to the point of how to attain financial freedom. Throughout the book, Rachel covers easy-to-implement budgeting advice from ways to build up your savings and day-to-day spending. If you’re ready to start getting your finances into shape, this is the perfect book for beginners.
Rich Dad Poor Dad by Robert T. Riyosaki
Written by Robert T. Kiyosaki, Rich Dad Poor Dad was first published in 1997. The book quickly became a must-read for those who were interested in how to use money as a tool for wealth development and investing tips and tricks. In the book, Kiyosaki compares his real father with his best friend’s father, as his real father “poor dad” struggled financially. Whereas his “rich dad” was an entrepreneur and eventually became one of the wealthiest men in Hawaii. Containing 10 chapters, this book includes 6 lessons about finance as well as 10 steps to follow to help develop your finances. A definite read!
The Only Budgeting Book You’ll Ever Need by Tere Stouffer
For those new to budgeting, The Only Budgeting Book You’ll Ever Needwritten by Tere Stouffer, is the perfect beginner’s book to help you create a budget and a financial plan. This book will assist in developing a financial plan and budget. Its purpose is not only to address current expenses but also to consider future ones. Remember, budgeting is a process that requires ongoing attention and adjustment, but the rewards are well worth the effort. This book provides practical guidance that is accessible to everyone, helping you avoid debt. It also includes a comprehensive resource guide with web-based tools to simplify budgeting.
The Minimalist Budget by Simeon Lindstrom
Written by Simeon Lindstrom, The Minimalist Budget offers a unique perspective on budgeting by incorporating minimalist principles. It takes a holistic approach to financial management by also considering your emotional, behavioural, and spiritual well-being. Money is not the only factor in your life, and it should be viewed in relation to other aspects of your life. The minimalist approach helps you make smarter spending choices by identifying your true needs. Instead of just cutting back or being frugal, the author encourages living without excess.
The Financial Wellbeing Book By Chris Budd
The purpose of this book is to assist in achieving a sense of financial stability and tranquillity. Money can be a source of anxiety, but managing it effectively helps alleviate stress. The Financial Wellbeing Book offers direction for planning short and long-term finances, authored by an experienced financial advisor. Chris emphasizes the importance of understanding oneself and motivations in order to successfully manage finances. This approach aids in making informed decisions, setting goals, and preparing for potential financial crises.
Other Money Management Tips
Along with reading money management books, there is a range of money management apps to help you keep track of your finances as well as money management dividers, which help you split out what you’re spending on what areas each month. Whether you prefer one method over the other, these are all ideal places to start when wanting to manage your money.
