Best Personal Finance Books to Read This Year

Please welcome back fellow blogger Anum Yoon for today’s guest post.

As the millennial workforce continues to take hold and mature, many professionals are taking a serious look at their personal finances for the first time. Unless you have an educational background in the niche, the process of navigating through all the numbers and figures can be overwhelming. Even those who don’t qualify for the millennial generation might find it challenging. Fortunately, there are plenty of good — and relevant — books you can use to gain some further insight and avoid any significant errors.

We could all do with a little more education on how to optimize our finances. Here are some of the best personal finance books to read this year.

“The Total Money Makeover: Class Edition” by Dave Ramsey

Originally introduced to the public in the early 2000s, Dave Ramsey’s best-selling book provides a step-by-step guide to reducing debt and planning your future finances. The regular updates and revised editions have kept it relevant over the years, so it’s still a great choice if you haven’t already read it. This book is also recommended by PSECU as a worthwhile read for anyone who is interested in gaining more control over their money.

“You Only Live Once: The Roadmap to Financial Wellness and a Purposeful Life” by Jason Vitug

Published in mid-2016, Jason Vitug’s book tackles a subject that is familiar to millennials and older generations as well: how to enjoy your money today while simultaneously planning for retirement. The book goes into great detail about recovering from mistakes, living within your budget and developing attainable financial goals.

“Broke Millennial: Stop Scraping by and Get Your Financial Life Together” by Erin Lowry

Erin Lowry’s first book is set to be released in mid-2017, but it’s already generating a lot of attention. It’s aimed specifically at millennials, as the name implies, and covers relevant topics such as student loan debt, living on entry-level pay and sharing financial responsibilities with roommates.

“31 Days to Radically Reduce Your Expenses” by Kalyn Brooke

Many individuals have found increased financial freedom by reducing their overall living expenses. This is one of the most effective strategies to use when trying to reign in your personal finances, and Kalyn Brooke’s guide provides you with a solid timeline to follow. She even provides helpful tips for lowering your bills and spending less on a day-to-day basis.

“How to Be a Financial Grownup: Proven Advice From High Achievers on How to Live Your Dreams” by Bobbi Rebell

Complete with a foreword by popular financial and self-help guru Tony Robbins, this entry provides case studies and real-life examples that have been compiled from the author’s own experience as a personal finance columnist. Although it was published in late 2016, the timing of its release makes it a great candidate for your 2017 reading list.

“Your Playbook for Tough Times: Living Large on Small Change, for the Short Term or the Long Haul” by Donna Freedman

Written by an award-winning author and former finance columnist with MSN Money, this book caters to those who are living from paycheck to paycheck as well as those who already have a savings account to work with. Each case requires a separate approach, and the author does a great job of covering all angles.

“Hustle Away Debt: Eliminate Your Debt by Making More Money” by David Carlson

Professionals who are highly active and motivated might take some advice from David Carlson. His book, published in mid-2016, explains the benefits of part-time jobs and side gigs. Not only is his guidance useful for those who are looking to make more money, but these strategies can also be applied on a larger scale to turn your personal interests or hobbies into money-making endeavors.

Maintaining Your Focus

If you’re reading on your own, it can be difficult to maintain focus on a topic that is as complex as personal finance. Setting daily goals can help, as this lets you commit to a certain number of pages or a specific amount of time per day. Joining a local or online book club can also work wonders for those who find it difficult to read on a regular basis, and it can double as a valuable resource for further recommendations.

About Anum Yoon

Anum Yoon is a personal finance blogger and freelance writer who strangely enough, found her passion for money management through her extensive travels around the world. Since deciding to settle in the US, she has been faced with the task of becoming a responsible consumer with an excellent credit score. You can read her updates on her blog, Current on Currency, or check out her latest ramblings on Twitter at @anumyoon.

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9 Comments

  1. I’ve been reading a lot of business and tech books recently. The most recent one is called “The Upstarts”, which pretty much chronicles Uber’s and Airbnb’s history. As a businessman, reading these books has taught me a lot of important business lessons.

  2. I’ve never read any of these books, surprisingly! I’d be really interested in reading, “How To Be A Financial Grownup”.

  3. Thank you for including my book!
    Donna Freedman recently posted…Lola: A money conference for women.My Profile

  4. I love this kind of post – thanks for the tips! I’ve only read “Total Money Makeover” so I’ve got a lot of catching up to do.
    Mrs. Groovy recently posted…Are You Overtaxed? The 2016 EditionMy Profile

  5. I’ll Recommend The Millionaire Fastlane by MJ Demarco. Awesome List!

  6. I can recommend the Donna Freedman book, it was quite informative. Another (much older) book I’d throw out there is Think & Grow Rich by Napoleon Hill. It’s a classic and really changes the way you think about building wealth.
    Matthieu Dalant recently posted…4 Surprising Kinds of People That Get a Loan OnlineMy Profile

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