A Subject I’m Passionate About…
Personal finance is something that is close to my heart, and through this, I’ve collected quite a few personal finance books over the years. I feel that this post will resonate with many people with the current cost of living crisis we are going through. Even though I feel comfortable that we have enough to make it through the month (albeit only just with the way prices keep going up), I also have moments of panic. My budgeting spreadsheet is now constantly open and I’ve been getting some old favourites from my personal finance book collection. They have now become my train books for commuting to and from work.
Out of all the personal finance books I have, there are a few that I think would be beneficial to everyone to add to their collection. Particularly millennial women. It’s so important for our generation to take a hold of our finances. Do what we can not only to better ourselves but for future generations. With this in mind, here are my top personal finance books that I believe everyone should own.
The Financial Diet.
The book that started it all, along with the podcast and blog. This book is what got me so passionate about personal finance, as I related to co-founder Chelsea Fagan’s story. This book goes into detail about everything you need to know and though it was created some years ago, the advice is still relevant today. Personally, I like their practical approach, it’s a holistic way to see finance. Chelsea doesn’t advise a complete shutdown of things that bring you joy. However, she is also not going to BS with you on things that cost a lot of money.
Without fail, I listen to every episode of The Financial Confessions podcast, which interviews people from all walks of life about finances in their field/ culture. Though it is US-based advice, there are still elements you can take with you regardless of where you live. It’s the perfect starting point in your journey.
The newest personal finance book to my collection, but already becoming a firm favourite. This one was made for millennials. The first couple of pages are dedicated to how messed up the economy we have inherited is. This book again is no-BS. Just straightforward advice.
What I like about this book is that is written for UK finances. This is something that until recently has not been always available within the book industry. I also like that Iona Bain goes into detail about investing, something that I’m taking a proactive approach in my current stage in life.
By far, this book is one to invest in later on in your journey, once you have the basics set up and running smoothly.
Five Steps to Financial Wellbeing.
Finally, we hit a book close to my heart. Because, quite frankly, you cannot talk about personal finance without addressing wellbeing. They run parallel to each other. And if these past few weeks have taught us anything, it’s that money can heavily affect your mental health.
This book is written by our favourite finance influence Clare Seal. An account that I have followed for years, Clare’s journey about being open and honest about her debt made me address my situation. It motivated me to get better with mine and helped me towards becoming debt-free.
This book is a hug. It’s the it’s-okay-you’re-going-to-get-through-this that we all need at the start of our personal finance journey. Providing practical tips and advice, I recommend you buy this one in conjunction with the first book I recommended.
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