The 10 Best Books about Saving Money

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Runner-Up, Best for Beginners: The One-Page Financial Plan

 

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Courtesy of Walmart

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Confused when it comes to your money, whether it’s how to properly invest or how to deal with unexpected financial challenges? Carl Richards’ “The One-Page Financial Plan” takes the mystery out of how to effectively manage your finances. This book helps you not only figure out what your financial goals are, but also how to get there in a simple, one-page plan. Richards is a Certified Financial Planner and a columnist for The New York Times. 

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7. You Are a Badass at Making Money: Master the Mindset of Wealth by Jen Sincero

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Jen Sincero had a blockbuster hit with her debut book, You are a Badass. This book helped people to come to terms with the things that were holding them back in life and keeping them from reaching their potential.

She does the same thing with this version. Except she does it for money.

She helps people to understand the things that are holding them back financially. She helps people reach their money making potential, and shows us the proper mindset to achieve financial success. And she does all this with a unique style and sass that made people love the first book.

Unshakeable: Your Financial Freedom Playbook

Tony Robbins is a world-renowned business strategist and wrote the #1 New York Times bestseller, “Money: Master the Game”. He is a stock market mastermind and knows it inside-out. Even Oprah herself agreed, “Tony’s power is superhuman.”

He wrote this book as a step-by-step guide to financial freedom. He writes about strategies to protect your financial status when the market crashes. The four principles that make people rich, ways to profit even when the market is down, how to live a fulfilling life, and have peace of mind. 

Robbins teaches us that you don’t need to have a high-paying job or a ton of savings to reach your financial goals. You can reach them faster than you ever thought you could by working smart instead of working hard. In this book, he explains how to manipulate the market and become a seasoned investor

Throughout the book, Robbins offers financial advice that will help you on your journey to becoming an expert investor. With Robbins’ strategies and spectacular pieces of wit, you can rise higher in the world of finance and investments!

365 Ways to Live Cheap: Your Everyday Guide to Saving Money

The name says it all! It’s incredible how this book teaches tactics on how to save and maximize money with the everyday things that we do and use. The routine we do with things includes doing our laundry, using our automobile, choosing the right appliances, dealing with family expenses, energy use, vacations, and groceries to name a few. 

The engaging write-up tells us to be aware of the little details that add up to our expenses that we usually don’t pay attention to. The author basically shares tips on how to live cheap and smartly. He advises his readers to follow the ten-minute rule whenever shopping, as it gives an ample amount of time to think whether that purchase is really necessary or not. Most people really buy on impulse.

The readers can expect so much from this book which also encourages people to calculate what they really earn. Take note of their monthly expenses so that they can keep track and be aware of their spending limits. This is among the most life-changing books about saving money will surely save you a few bucks!

Best for Managing Money: Clever Girl Finance

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“Clever Girl Finance” reads like a companionable book about personal empowerment while also comprehensively teaching the reader about the nuts and bolts of personal finance. While not written specifically for teenagers, this book by Bola Sokunbi provides an elegant approach to holistic money management. Sokunbi’s writing style is so relatable and personable, that high school-aged readers who shy away from other personal finance books may well find themselves eagerly devouring “Clever Girl Finance.”

As Sokunbi is a Certified Financial Education Instructor (CFEI), you might expect this book to be all about budgeting and investing, and readers will certainly learn about those things in “Clever Girl Finance.” However, the first several chapters are dedicated to mindset and personal growth. Sokunbi tackles important issues like how friends and family can influence our spending habits and why having a wealth mindset matters. The author also peppers in real-life stories of different women coming to terms with their own finances, as well as lots of direct real-world advice. The result is simultaneously motivating, empowering, and highly educational. 

6. The Little Book That Beats The Market by Joel Greenblatt

Favorite Quote

Favorite Quote

“Choosing individual stocks without any idea of what you’re looking for is like running through a dynamite factory with a burning match. You may live, but you’re still an idiot.” — Joel Greenblatt

The Book in One Sentence

The Little Book That (Still) Beats The Market is a step-by-step tutorial to implement a simple, mathematical formula when buying stocks which guarantees long-term profits.

Why should you read it?

Joel Greenblatt is an investing legend. His investment company Gotham Funds had an annual return of over 40% for 20 years, from 1986 to 2006. With his simple formula, Joel has managed to turn Benjamin Graham’s value investing approach into a system that only needs to be updated once a year. In 2005, he wrote it down to pass it on to his children. If you’re looking for a specific, low-hassle investment approach, this is your best bet.

Key Takeaways

  1. Look at earnings yield and return on capital to evaluate stocks.
  2. Rank and combine these two factors to find winning companies.
  3. Be patient, it’s what makes this formula unpopular, but effective.

If you want to learn more, you can read our free four-minute summary or get a copy for yourself.

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11. The Automatic Millionaire by David Bach

Favorite Quote

“The fact is, none of us really has a choice: We are all playing the money game whether we want to or not. The only question is: Are we winning?” — David Bach

The Book in One Sentence

The Automatic Millionaire is an actionable, step-by-step plan for building wealth without being disciplined by relying on fixed percentages, small payments, and automated transactions.

Why should you read it?

When he was seven years old, his grandma took David Bach to McDonald’s. Over lunch, she told him there are three types of people in the world: those who eat at McDonald’s, those who work at McDonald’s, and those who invest in McDonald’s. Wow! Later, Bach became a vice president at Morgan Stanley. Today, he runs a consultancy and publishes books. 7 of 12 are New York Times bestsellers, and this one is his most practical template for building wealth.

Key Takeaways

  1. Saving a little every day will go a long way.
  2. Pay yourself first to take care of your financial future.
  3. Automatic payments allow you to invest in a disciplined manner without being disciplined yourself.

If you want to learn more, you can read our free four-minute summary or get a copy for yourself.

Read on Four Minute Books

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6. Cut Your Grocery Bill in Half with Americas Cheapest Family

Written by New York Times best-selling authors Steve and Annette Economides, also known as America’s Cheapest Family, this book focuses on interesting strategies to spend less on your groceries without even having to use coupons.

It can be hard to figure out how to save money on groceries on your own since you think nearly everything you buy at the supermarket is essential. There are many realistic tips mentioned in this book and it’s evident that the authors have really tried and tested their strategies.

Even though you may think cutting your grocery bill in half is impossible, you will actually be able to do this if you follow advice written by Steve and Annette.

Best for Investing: The Early Investor

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Authored by Michael Zisa, “The Early Investor” is an excellent read for any motivated young person who has an interest in investing and wealth building. Zisa offers comprehensive answers to questions like “What is investing?” and “Why should I invest in stocks?” as well as guidance on frugal investing, alternative investments, mutual funds, ETFs, and the basic concepts of investing and financial planning. 

While this may sound very grown-up, and in some ways it is, this book, updated in 2020, is unquestionably written for the intelligent teen reader. Zisa, who is a Certified Financial Education Instructor (CFEI) through the National Financial Educators Council (NFEC), a member of the Personal Finance Speakers Association (PFSA), and the Global Association of Teachers of Economics (GATE), has a knack for explaining complex concepts in a clear way. Along with his consistent highlighting of the power of compounding and the great advantages of investing at a young age, this read is sure to resonate with young investing enthusiasts.

Best for Budgeting: Your Money or Your Life

 

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Courtesy of Amazon

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With more than a million copies sold, Vicki Robin’s “Your Money or Your Life” lays out an easy-to-follow, nine-step plan to help readers change their relationship with money. Whether it’s how to get out of debt, get started investing, how to build wealth, or even save money by practicing Robin’s signature mindfulness technique, this read has you covered.

Related: The Best Accounting Books

3. Broke Millennial: Stop Scraping By and Get Your Financial Life Together

This is a book written by personal finance expert

This is a book written by personal finance expert Erin Lowry, who created a guide to getting your financial life together. Aimed at millennials, it takes a quite modern approach to explaining personal finances.

If you’re in this generation, you should definitely check this book out. It will prepare you for various situations in life such as retirement and making investments.

You’ll learn how to get out of debt and create a budget as well. It’s easy to remember key advice from this book since each chapter ends with a bullet-point breakdown to ensure you understand what you just read.

You don’t need to know anything about personal finance in order to understand this book. It’s written in a way that encourages people to pay more attention to financial planning. Even though it covers a lot of ground the book is far from boring.

In fact, it’s often quite funny, which makes it a delightful read. Millennials need a book like this in a time when unpaid internships and huge student loans are common problems.

17. The Latte Factor: Why You Don’t Have to Be Rich to Live Rich by David Bach and John David Mann

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In this frugal living book Bach and his co-author cover the three secrets to financial freedom.

They do this by telling a parable of a young barista struggling to make ends meet as she is drowning in a sea of debt. As the story evolves she discovers the secrets of wealth and learns the few changes she can make to secure her financial future and live a better life.

I love books like this that blend entertainment and practical knowledge into an enjoyable book. Based on Bach’s other books I am sure that this will be an entertaining and educational book. Find out more in the link(s) below.

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