Making and keeping a budget is an important life lesson for anyone. You might have started using budget templates and spreadsheets to get started on your budgeting journey but maybe you want something tangible to read to get started on your journey.
No matter how much money you make you should make sure to keep an eye on your wants, needs, and savings to make sure that you are planning for your future and current situation.
Some people prefer paper – it’s a fact. There’s something about picking up a physical book that can really make a concept come to life. We’ve talked to the team and looked online to compile the top 7 books that we suggest you read in 2022.
The One Week Budget
If you are building your budget from scratch and don’t want to use the envelope system or zero-based budgeting then this is a perfect place to start. It’s only 132 pages long and so you’ll be able to put into practice what she teaches as soon as you’ve read it.
This book is filled with actionable insights that mean you’ll be ready to create your budget in no time. She includes steps at the end of every chapter so that you can create your budget as you read the book. There are also templates that are included that we know are helpful for those who like to have things written down in front of them.
Spend Well, Live Rich
This book is written by Money columnist Michelle Singletary. She writes about her own personal experiences with money and especially focuses on the advcie she was given from her own family, her grandmother in partcicular.
While the first book in our list was about how to phsycially make a budget, this book is more about the values behind making a budget, and hten sticking with it. Why it is important and how it can change your life. It talks about how you can use a budget to reach your money goals and where to prioritize. It’s really about values.
When you’ve finished this book you will be convinced that utilizing your money in the right way can have a long-lasting impact on your life.
How To Manage Your Money When You Don’t Have Any
I’m sure this title resonates with anyone who has hit financial difficulties. Erik’s book reminds us about the importance of budgeting at every income level – it is not something that you should start doing when you feel you have enough money, in fact, it is something that you should do to make sure you do have enough money to spend on your wants, needs, and savings.
This book is part personal finance, part workbook, and makes sure you can make the most of whatever you have coming in. This book isn’t for someone who wants top tips on maxing out their retirement savings but is really useful for the average person looking to maximize the money that they do have while making sure day to day expenses are met.
You Need a Budget
Jesse is the founder of YNAB (You Need a Budget) and this book breaks down the principles and methods that underpin his top-of-class budgeting app. It talks about how to break down your income and expenses and also looks at how to manage money as a couple.
Why Didn’t They Teach Me This in School?
Cary’s book answers the fundamental question about education in schools – why do we not get taught about money, and what are the principles that could help with this. In this book, he talks about 99 separate principles and 8 core money lessons that he believes should be taught to every school-age kid. He originally wrote the book for his own children when he realized they weren’t equipped to talk about money fluently. From there it was published and has been a staple of budgeting books ever since.
Rich Dad, Poor Dad
You’ve probably heard of this book before. It’s been around for two decades and is definitely a top 10 finance book of all time. He uses lessons learned from his father and his friend’s father (the rich dad in the title) to share wisdom on wealth, assets, liabilities and equity and what to do to build real capital over a lifetime. Like Cary’s book it talks about what schools aren’t teaching your children in the education system.
Targeted squarely at the millennial market Erin’s book in its conversational style talks directly to this demographic. It looks at how these 20-somethings can reign in their personal finances and get on top of debt. It covers core topics like understanding your relationship with money, talking about money with your partner, and even managing student loan debt. All in all, it is a solid contender in this list and helps millennials tackle and talk about the biggest financial issues facing them today.